Home / Top Stories

Top Stories

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 …

Read More »

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. …

Read More »

Economic pinch due to international advances

At the first National Economic Summit organized by the Economics Association of Zambia, minister of Finance Dr Bwalya Ng’andu voiced concerns that developments in the international economy had not been supportive to the local economy. At the summit, held in Livingstone, Dr Ng’andu noted that Zambia’s economy has been poorly …

Read More »

Foreign currency payment-miners exempted in Zim

The mining firms have been permitted to pay their utility bills in foreign currency though it is just weeks after the government outlawed foreign currency as legal tender and officially reintroduced the Zimbabwean dollar a decade after it was wiped out by hyperinflation.   Zimbabwe’s Energy and Power Development minister …

Read More »

Diversification and discipline needed in Zambia-World Bank

Copper plays a pivotal role in Zambia’s economy yet in recent years, this soft and malleable metal’s value has shown a decrease.   During the launch of the latest World Bank Economic Brief on Zambia titled Wealth Beyond Mining: Leveraging Renewable Natural Capital, it was mentioned that Zambia needs to …

Read More »

SA Court called on in KCM dispute

Vedanta Resources recently obtained an ex parte order in the High Court of South Africa permitting the company leave to institute an urgent interim interdict application against Zambia Consolidated Copper Mine-Investment Holdings (ZCCM-IH). The urgent application served ZCCM-IH and provisional liquidator Milingo Lungu for Konkola Copper Mines (KCM) of which …

Read More »

New Mining Code anniversary at DRC Mining Week 2019

The DRC Mining Week is a significant event at which key players in the mining sector can engage. With an august gathering of government officials and key mining individuals both locally and internationally, the event marks the 15th anniversary of the largest mining event in the DRC. The official opening …

Read More »

Zambia’s mining tax regime ranked highest-FQM

The First Quantum Minerals (FQM) Head of Government Affairs, John Gladstone made mention that Zambia’s current tax regime for the mining sector is unappealing to potential investors more especially when placed along fellow copper mining countries globally. Among the copper mining countries include Chile, the Democratic Republic of Congo and …

Read More »