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President Lungu gives ear to Argawal over KCM

President Edgar Lungu recently met Vedanta Chairman Anil Argawal at the request of the investor regarding the ongoing liquidation process of Konkola Copper Mine.   During the meeting, Argawal stated his desire to continue running the mine, pay debt owed to contractors and suppliers. Vedanta Chairman further added that he …

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 Permit accorded to Conquest Mining

The Ministry of Mines has awarded Conquest Mining Contractors the mineral trading permit for business undertakings in various minerals.   In a media briefing, Conquest Mining Managing Director Kunda Chani made mention that time for complaints and talk is over but to get involved in the industry.   Kunda is …

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EITI finds Gold deposits in North-Western province

A team of Extractive Industries Transparency Initiative of Zambia (EITI) recently discovered Gold deposits in Mwinilunga district in the North-Western province of Zambia.   EITI team called on the Deputy Permanent Secretary of the province Douglas Ngimbu in Solwezi to disclose these findings.   Ngimbu says the discovery of this …

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BRITISH FIRM TO INVEST US$100M IN TWO NEW MINES IN ZAMBIA 

MOXICO Resource plc, a British firm, intends to invest over US$100 million in two mining projects on the Copperbelt and North Western provinces. The company has so far this year invested US$40 million on the projects. The two projects namely Mimbula and Kanengwa are in Chingola and Mufumbwe respectively. Moxico …

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Cobre Panama project comes to an end

As the construction phase of the large-scale Cobre Panama project of First Quantum comes to an end, the Toronto-listed company is well positioned to meet its “own, very high expectations for the year and years to come”, Cobre Panama GM Tristan Pascall said recently. Following a faster ramp-up, the commercial …

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Backfilling application commences-Mopani

Mopani Copper Mine Plc has preceded with works of backfilling the sinkhole near the South Ore Body (SOB) Shaft in Kitwe after being graded as a safety hazard to informal miners invading it.   The sinkhole is a two hectare caving area within Mopani Copper Mines Plc’s mining rights area. …

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 Manufacturing Sector upgrading a necessity-SMEs  

A survey report by the Small Medium Enterprises (SMEs) competitiveness indicated increased national demand, led by an emerging middle class and greater regional demand through Zambian’s membership in SADC, kept afloat the domestic manufacturing sector.   According to the report, diversifying and upgrading the sector was necessary to achieve the …

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