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Barrick Gold dispels claims of sale

During a media briefing in Lusaka, Barrick Gold Corporation made a clear pronouncement that speculations about the company’s intention to sell Lumwana Copper Mine are false.   The Chief Executive Officer and President of Barrick Gold Corporation, Mark Bristow rather highlighted its eagerness to continue engaging with the government at …

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KCM bids expected-Musukwa

About nine companies are expected to submit bids for Konkola Copper Mines within weeks.   During a media briefing, Richard Musukwa, the Mines Minister made mention that companies from as far as Australia, Canada, China, Russia and Turkey were doing due diligence.   “The bidding process will start once all …

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Eastern Province Hydro power station installation paused

According to the World Wide Fund (WWF), government has cancelled a pre-feasibility study for the Ndevu Gorge Power Project on Luangwa river, proposed by MDH South Africa (Pty) Limited, which would have cost $1.26 billion and generated between 235 and 240 megawatts of power if completed.   The 1,100-kilometer Luangwa …

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Import duty discussions underway

Zambia’s mining giant, Konkola Copper Mines (KCM) is currently holding discussions with the government regarding import duty as plans to step up production are in the pipeline. KCM corporate affairs manager Eugene Chungu earlier alluded that the Nchanga smelter had been idle pending availability of concentrates stocks. Operations at Nchanga …

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CSO records highest inflation rate midyear

According to the data from the Central Statistical Office (CSO), the inflation rate in June this year has increased to 8.6 percent from 8.1 percent recorded in May this very year. The CSO acting Director of Census and Statistics Iven Sikanyiti made mention that this was mainly ascribed to the …

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