ZAMBIAN LATE 1986 COPPER OUTPUT UP, SALES DOWN

  Zambian copper production rose 3.2 pct to
  113,275 tonnes in fourth quarter 1986 from 109,767 in the same
  1985 period but sales fell 18.7 pct to 119,967 tonnes from
  147,537, Zambia Consolidated Copper Mines, ZCCM, said.
      A spokesman for the government-controlled mining company
  said the country's cobalt production fell 24 pct to 879 tonnes
  over the same period, while cobalt sales rose 92 pct to 1,734
  tonnes. He did not give figures for the fourth quarter of 1985.
      Lead production fell 22.9 pct to 1,670 tonnes from 2,165
  and zinc production dropped 14 pct to 4,830 tonnes, he added.
      ZCCM, which monopolises copper mining in Zambia and
  accounts for about 90 pct of the country's foreign exchange
  earnings, made a net loss of 718 mln kwacha in 1986 compared
  with a net profit of 19 mln kwacha the previous year.
      The 1986 losses were after taking into account net interest
  payments of 426 mln kwacha, an exchange loss of 412 mln kwacha
  and taxes of 235 mln kwacha.
  

