for 100 YEARS of COPPER MINING,
WHAT has been the benefit to Zambia?
KK & SATA said the same thing in early 70’s and Nationalized, creating ZCCM, and what was the benefits then?
FTJ and SATA SOLD OFF all mines, and what was the benefits?
Mines stayed SHUT 46 YEARS, and ECL & PF CLOSED MOPANI, KCM, KASENSELI, etc, what was the benefits then?
Unfortunately MINING remains Zambia biggest curse, because SIMPLETONS think that just having minerals WE ARE RICH.
Zambia HAS NO TECHNOLOGY to mine copper,
No technology to process copper,
NO USE FOR COPPER,
and NO MARKET for copper, let alone NO CAPITAL to mine copper.
Therefore either we DIE doing nothing, or we CRY to INVESTORS to come mine copper, and employ SOME citizens and MAYBE EAT 5% MINERAL ROYALTY TAX.
And everyone knows the drill, but we SUDDENLY GO “THEY ARE STEALING OUR MINERALS, once the INVESTORS we cried for start thriving.
Copper Production is at 800,000 MT x $9,400 LME = $7.52 BILLION POTENTIAL REVENUE, NOT FOR ZED, but for the MINES.
Ours is about
$7,520,000,000 x 70% x 5% = $263,000,000 in MR TAXES pa.
Hence Copper is our BIGGEST CURSE, coz $263,000,000 pa REVENUE is A JOKE.
South Africa makes $100,000,000,000 whilst us can’t even manage a BILLION and yet our FOREX NEEDS are $10 BILLION pa.
EDGAR LUNGU, SATA and PF went and OVER-BORROWED CHINA KALOBA AND FAILED TO REPAY.
CHINA WANTS their money.
Only IMF BAILOUT PROCESS could help, because it’s the only way to get back CREDIT RATINGS, and have FDI start flowing so that we earn FOREX with which is to REPAY LOANS.
Even LUNGU knew this, hence they started the IMF PROCESS, via LAZARD BROKERS, but only HH manages to succeed.
IMF wants us to be doing 3,000,000, in 10 years time, from current 800,000, meaning Potential REVENUE of $28,200,000,000, of which OURS is ONLY $987,000,000, which is still FAR TOO LITTLE for a country our size, for 100 years of copper Production.
Possible answer is to CHASE ALL INVESTORS, and MINE OUR OWN COPPER.
But DO WE HAVE CAPITAL?
DO WE HAVE TECHNOLOGY?
WILL MARKETS BUY FROM US?
Hence, as an economist I’d say HH is THE BEST PRESIDENT ZAMBIA has had in 60 years, that’s following the US EU IMF type of CAPITALISM.
But as UMUNTUNSE, CAPITALISM is NONSENSE, especially the CURRENT POLITICS.
WE ARE GOING NOWHERE.
For me, OURS IS NOT COPPER, but TOURISM.
VICTORIA FALLS (Eco Tourism) can see 10,000,000 TOURISTS, each with $10,000 = $100 BILLION REVENUE.
EGYPT EARNS as much.
CHRISTIANITY TOURISM can earn us $10,000,000,000
SAUDI ARABIA does it.
SPORT, HEALTH, EDUCATION, CULTURE TOURISM can also EARN us BILLIONS.
FIFA, OLYMPICS, MISS UNIVERSE, INDIA etc, do it,
so can we.
So to answer your question:
OPENING MINES is THE BEST SCENARIO for ZAMBIA, FOR NOW, in these SUNKA MA DAYS existence were in.
WE TALK TALK but WE CANT EVEN MAKE A SIMPLE BAMBA olofye ka TOOTHPICK.
Our BRAND ZAMBIA IS SHIT.
We are living in SA, US, UK, etc, coz WE FAILED ZAMBIA, but wanna TALK TALK from the comforts of OTHER CAPITALIST COUNTRIES, instead of coming back home to DEVELOP ZAMBIA.
Zambia doesn’t need POLITICS, as we just DIVIDE OURSELVES.
We need to do it how China did, and the did a NATIONAL INDABA and DEVELOPED CHINA TOGETHER, NO POLITICS.
HH got funding from US, hence US will DICTATE.
M’MEMBE and LUNGU are getting funded by RUSSIA, so RUSSIA will dictate.
ZAMBIA NEEDS ZAMBIA to DEVELOP.
If we can’t go this route, LET’S SHUT UP, pantu TAPABA EFYO TWAKWATA, olo EFYO TWABA, buunda bwaku BWATA BWATA.
We own
NO BANK
NO SUPERMARKET
NO MINE
NO MALL
NO FACTORY
NO CAFES
Every nice in Malls is SOUTH AFRICAN.
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