FacebookTwitterRedditEmail

The Human Price of Copper

In the past decade the central African country of Zambia has exported some $30 billion of copper yet remains so deeply in debt to western banksters that it spends more in interest on Zambia’s debt that on health and education combined.

Every month for the past ten years some $250 million of Zambian copper has been sold to…Switzerland? And guess what, Switzerland which doesn’t import any real, physical copper, is one of the biggest copper buyers in the world. It’s all about the “circle jerk”, an African based company “selling” it’s metal to its own sister company in Switzerland for dirt cheap, the better to pay fewer taxes to African governments.

Of the $250 million a month that Zambia’s copper ultimately sells for the Zambian government may be getting between $8-10 million. But the story doesn’t end there, for the government is contractually bound to provide massive amounts of cheap electricity to the western owned copper mines all the while much of Zambia remains in the dark, literally or paying through the nose to make up for what is given away to the mines.

The infrastructure in Zambia was almost entirely funded by the government, which meant going deeply into debt to the International Misery Fund (IMF). And when copper prices crashed in the past the IMF was there for “emergency assistance”, providing a glucose infusion in one arm while taking whole blood from the other.

The result? Every year thousands of Zambian children die from preventable causes such as malaria and water born diseases along side a host of malnutrition related sicknesses. Never mind the environmental damage and long term poisonings from the copper mines.

The Zambian people have grown so fed up that they elected a white Zambian vice president to see if they could some how cut a better deal, or at least get paid their legal due though even he has thrown up his hands in helplessness and its still business as usual as in bleeding Zambia dry.

Thomas C. Mountain is the most widely distributed independent journalist in Africa, living and reporting from Eritrea since 2006. He can be reached at thomascmountain_at_yahoo_dot_com_

More articles by:

Thomas C. Mountain attended Punahou School for six years some half a dozen years before “Barry O’Bombers” time there. He has been living and writing from Eritrea since 2006. He can be reached at thomascmountain at g_ mail_ dot _com

March 18, 2019
Scott Poynting
Terrorism Has No Religion
Ipek S. Burnett
Black Lives on Trial
John Feffer
The World’s Most Dangerous Divide
Paul Cochrane
On the Ground in Venezuela vs. the Media Spectacle
Dean Baker
The Fed and the 3.8 Percent Unemployment Rate
Thomas Knapp
Social Media Companies “Struggle” to Help Censors Keep us in the Dark
Binoy Kampmark
Death in New Zealand: The Christchurch Shootings
Mark Weisbrot
The Reality Behind Trump’s Venezuela Regime Change Coalition
Weekend Edition
March 15, 2019
Friday - Sunday
Andrew Levine
Is Ilhan Omar Wrong…About Anything?
Kenn Orphan
Grieving in the Anthropocene
Jeffrey Kaye
On the Death of Guantanamo Detainee 10028
Stan Cox – Paul Cox
In Salinas, Puerto Rico, Vulnerable Americans Are Still Trapped in the Ruins Left by Hurricane Maria
Ben Debney
Christchurch, the White Victim Complex and Savage Capitalism
Eric Draitser
Did Dallas Police and Local Media Collude to Cover Up Terrorist Threats against Journalist Barrett Brown?
Jeffrey St. Clair
Roaming Charges: Straighten Up and Fly Right
Jack Rasmus
Trump’s $34 Trillion Deficit and Debt Bomb
David Rosen
America’s Puppet: Meet Juan Guaidó
Jason Hirthler
Annexing the Stars: Walcott, Rhodes, and Venezuela
Samantha M. - Angelica Perkins
Our Green New Deal
Mel Gurtov
Trump’s Nightmare Budget
Steven Colatrella
The 18th Brumaire of Just About Everybody: the Rise of Authoritarian Strongmen and How to Prevent and Reverse It
Evaggelos Vallianatos
Riding the Wild Bull of Nuclear Power
Michael K. Smith
Thirty Years Gone: Remembering “Cactus Ed”
Dean Baker
In Praise of Budget Deficits
Howard Lisnoff
Want Your Kids to Make it Big in the World of Elite Education in the U.S.?
Brian Cloughley
Trump’s Foreign Policy is Based on Confrontation and Malevolence
John W. Whitehead
Pity the Nation: War Spending is Bankrupting America
Priti Gulati Cox
“Maria! Maria! It Was Maria That Destroyed Us!” The Human Story
Missy Comley Beattie
On Our Knees
Mike Garrity – Carole King
A Landscape Lewis and Clark Would Recognize is Under Threat
Robert Fantina
The Media-Created Front Runners
Tom Clifford
Bloody Sunday and the Charging of Soldier F
Ron Jacobs
All the Livelong Day      
Christopher Brauchli
Banking, Wells Fargo-Style
Jeff Mackler
After Week-Long Strike, Oakland Teachers’ Contract Falls Short
Chuck Collins
Bring Back Eisenhower Socialism!
Binoy Kampmark
Grounding Boeing
James Munson
Why Are We Still Sycophants?
Jill Richardson
Politicians Are Finally Catching Up on Marijuana
Warren Alan Tidwell
Disasters Don’t Discriminate, But Disaster Recovery Does
Robert Koehler
Artifial Morality
Matthew Stevenson
Pacific Odyssey: Goodenough Island in MacArthur’s Wake
Alex McDonald
U.S. Iran Policy: What is Great?
Tracey L. Rogers
Stop Making Women Apologize
John Sarbanes – Michael Brune
To Clean Up the Planet, Clean Up DC First
FacebookTwitterRedditEmail