About: http://data.cimple.eu/news-article/662321843c01b92ac9ead4b75957755d1e11a8051c4814b1fd3b958e

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rdf:type	schema:NewsArticle
schema:articleBody	Zambia, Africa's second largest copper producer, saw its mining revenue drop nearly a third between February and April this year due to the coronavirus pandemic, the mining chamber said Thursday. "Zambia's mining companies have suffered an alarming drop in revenue over the three months February-April 2020, illustrating the deep impact of COVID-19 on mining companies," the chamber said in a statement. Zambia Chamber of Mines (ZCM), an association of mining companies said the 30 percent drop in revenue was due to "the severe global restrictions on movement (that) have played havoc on the mining supply chain and hindered exports and sale of copper. The collapse in copper prices experienced early this year added to the woes. Revenue from mining - Zambia's economic mainstay - is projected to continue on a downward trajectory for another year, it said. Zambia is Africa's second-biggest copper-producing country after the Democratic Republic of Congo, and the sector is a major employer. One of the country's largest miner global giant, Glencore, last month announced it would cut capital expenditure by as much as a quarter during 2020 due to disruption to supply chains caused by COVID-19 and falling commodity prices. os-sn/jh
schema:headline	Coronavirus cuts Zambia mining revenue by a third
schema:mentions	Supply chain Commodity Capital expenditure Copper Zambia Democratic Republic of the Congo Africa Pandemic Coronavirus Severe acute respiratory syndrome coronavirus 2 Magma chamber Glencore Patria AMV
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)

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