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Maroc Maroc - MININGMX.COM - A La Une - 25/Feb 14:13

Zambia to build ‘rainy day’ fund while metals surge

ZAMBIA will use bumper mining revenues to establish a stabilisation fund in order to protect its budget against a retreat in copper prices, said Bloomberg News on Wednesday. Secretary to the Treasury Felix Nkulukusa described the mechanism as a “rainy day” fund, designed to capture state mining revenues that exceed budget projections at a time […]

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