Anglo sees no immediate impact of Zambia controls

Mining giant Anglo American Plc said on Wednesday its business interests in Zambia would not be affected immediately by the country's decision to impose limited foreign exchange controls.

Anglo is the largest foreign investor in the southern African country after acquiring the bulk of its copper mining assets which were privatised last March. But it does not expect the Zambian mines, which have generated losses in recent years and need large capital investments, to pay dividends until at least

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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