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Vedanta reports rise in Zambia copper output

Mined metal production from mining conglomerate Vedanta’s Zambia copper projects was higher quarter-on-quarter owing to improved recoveries for the half-year ended September 30. The company revealed last week that mined metal production was at 29,000 tonnes, two percent higher than in the first quarter of the year, owing to improved …

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Diversifying Zambia’s Copperbelt economy with post-copper era in mind

Most developing countries that are rich in natural resources and are dependent on such resources have generally experienced poor economic performance. A strategy that has been useful in improving the economic performance of such economies is economic diversification. However, employing successful economic diversification strategies has been a challenge for many …

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Copper price slumps, US dollar strengthens

Copper price on the London Metal Exchange (LME) last week registered its biggest weekly lose with weakness set to extend into this week due to the strong United States (US) dollar. Zambia’s major export earner is expected to trade at about US$4,755 per tonne. Reuters reports that the dollar reached …

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Gemfields auctions nets $11.1m

Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …

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Brazil’s Vale agrees to new terms with Mitsui Mozambique coal assets

Vale said on Thursday it has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. …

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How to unlock mining investment in Zambia

What are the main factors Zambia needs to address to make the country an attractive mining destination, unleash billions of dollars of foreign investment and create a stronger economy? The question featured prominently in this year’s Zambia International Energy Conference and Exhibition (Zimec), in Lusaka on 23-24 June. A stable …

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Glencore court ruling in Zambia may trigger new pollution claims.

Toxic fumes from one of Glencore’s copper plants in Zambia caused the death of a politician, the African country’s high court said, in a ruling that could trigger fresh claims against the company. The London-listed mining and commodities trader was ordered to pay 400,000 Zambian kwacha (£30,000) in damages to …

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First Quantum Mining propels Zambia’s H1 (YoY) copper productivity 8% higher, full year forecast is 5.4% bullish.

Copper productivity at Kalumbila mine in northwestern province of Zambia Africa’s second largest copper producer Zambia recorded an 8% increase in copper productivity in first half of 2016, Zambia Chamber of Mines said. Zambia’s tonnage increased to 368,366 metric tons from 340,510 metric tons a year earlier. Full year forecast …

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Mbala Power Projects to enhance livelihoods – Zesco

Zesco Limited says completion of its K21 million electricity distribution infrastructure projects in Mbala district will enhance people’s livelihoods since they will now access power to support various developmental projects. In a telephone interview recently, Zesco Mbala area manager, Joseph Kafungu said installation of distribution infrastructure equipment such as sub-stations; …

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Expats – blessing or curse?

ZESCO United’s Jesse Were is a top-quality football player – 6 goals in two games earlier this season is proof enough. Were also happens to be Kenyan; he is one of 6 foreign players in Zesco United’s 30-man squad. Football teams and their management are judged by their successes, and …

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