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New opportunities in mining sector

New opportunities in the Zambian mining sector: Africa Prospect Development Zambia launched in London at Mines and Money being held from 26 – 29 November 2018. Africa Prospect Development Zambia (APDZ) is a Lusaka based company designed to promote high quality, authentic and appealing Zambian based investment opportunities to the …

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Rio Tinto invest $2.6 billion in Koodaideri Mine

Rio Tinto is to develop its most technologically advanced mine following the full approval of a $2.6 billion investment in the Koodaideri iron ore mine in Western Australia. Koodaideri is expected to deliver a new production hub for Rio Tinto’s world-class iron ore business in the Pilbara, incorporating a processing …

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More Americans at African Utility Week.

Multi-award winning African Utility Week conference and exhibition in Cape Town, South Africa has obtained official U.S. Trade Fair Certification from the U.S. Department of Commerce. The development paves way for a greater American participation at the 19th edition of the event scheduled for 14-16 May next year. Along with …

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Lubambe mine prioritizes safety

Lubambe Copper Mine has procured the first ever self-contained mine Emergency Refuge Chambers in Zambia. The consignment of five refuge Chambers has been procured at a cost of US$ 475,000 from Mine Arc Systems of Australia. Lubambe Mine Communications Manager Loyce Saili said the procurement of the refuge Chambers by …

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Compact secondary belt cleaner on offer

Global innovator in the bulk material handling industry Martin Engineering has developed new cleaning technologies for applications where space for installation is limited. According to the company, the latest SQC2STM RM (Reduced Mini) Cleaner is a compact secondary belt cleaner allowing installation in close quarters, built with a narrow profile …

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Mining forecast remains positive amid new taxes

Fitch Solutions researchers have indicated that recent tax hike announcement by government recently are to prompt downside revision to the country’s copper production forecast. Government recently announced it will expand and increase taxes on mining companies operating in the country, as part of its 2019 budget. This comes after speculation …

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Tax hike prompts downside revision to Zambian copper production forecast

On September 28, the Zambian Ministry of Finance announced it will expand and increase taxes on mining companies operating in the country, as part of its 2019 budget. Speculation on the possibility that the mining industry would be targeted in next year’s budget had grown over the past weeks following …

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Improved copper price boast Chibuluma’s financials

Chibuluma Mines’ continued focus to contain cost and improve operational efficiency has recharged the company to profit making. The company’s six month results to June 2017 also attribute positive operation to increase in copper prices. “The notable increase in the average selling price of copper over the period substantially assisted …

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The Chileans are here

Right now, it’s little more than a hole in the ground; but six months from now, in the first quarter of 2018, this dusty building site in the North-Western province town of Kalumbila will be a $40-million manufacturing facility producing high-quality mill-balls for mines in Zambia, neighbouring countries and the …

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$12 million sourced for small-scale miners

Goverment has obtained a loan worth US$12 million from African Caribbean Pacific and the European Union (ACP- EU) countries to support growth of small-scale miners in the gemstone sector. Ministry of Mines permanent secretary Paul Chanda told captains of the industry at a business seminar taking place on the side-lines …

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