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Minister labels mining company “criminal”

The clash between the Zambian government and Vedanta has reached new levels with the mining minister labelling it a “criminal” company. Vedanta which is owned by Indian mining magnate Anil Agarwal has been accused by Minister Richard Musukwa of being involved in criminal activities, including underpaying taxes and breaking investments …

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How less tax can lead to more

Zambia is fortunate to be blessed by nature in several ways and has rich mineral and gemstone reserves, which, if harnessed and developed properly, can go a long way in enhancing the economic wealth of the country. The government of Zambia is committed to making strides towards paving the way …

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2020 will likely be a turning point for sustainable finance in Africa’s mining sector

As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a watershed year for sustainable finance in Africa. The continent’s mining sector is likely to be among the adopters of sustainable finance products, particularly as mining …

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Hexagon scoops mining safety award

Hexagon’s operator alertness system for light vehicles has been voted winner of the 2019 Mining Magazine Safety award. The annual awards celebrate excellence in the mining industry, as voted by readers who are invited to recognize “outstanding commitment to advancing the state of play in mining”. “This year, we received …

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Sentinel Mine launches waste management handbook

First Quantum Minerals (FQM) has issued guidelines aligning its mining operations and surrounding communities with government’s clean and healthy campaign. Kalumbila Minerals the mining company’s subsidiary which operates the Sentinel Mine in North-Western Province, has launched a Waste Management Handbook to improve environmental management awareness. The handbook aims to facilitate …

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Chambishi Metals owners are to blame for the mine shut down

Mineworkers Union of Zambia (MUZ) believe that Euro-Asia Resources (ERG), owners of Chambishi Metals, are to blame for the mine shut down and are urging the government to consider revoking the mining licence. Over 200 workers have been retrenched at Chambishi Metals after the company was placed under care and …

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Entries for Sanlam 2019 Financial Journalism Awards are now open

Sanlam Group has announced that the group is now accepting entries for their annual Sanlam Financial Journalist of the Year Awards. The awards, running successfully for the 45th consecutive year, recognise the best financial reporting by reporters based in Africa, publishing or broadcasting commendable journalism on the continent. According to …

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UK-AFRICA SUMMIT: Britain makes a small first step towards green technology

Climate campaigners have described the announcement by the British government to suspend financial support for thermal coal as a “small first step.” The British Prime Minister, Boris Johnson announced at the inaugural UK-Africa summit that the government will suspend financial support for thermal coal as part of efforts to present …

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