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New investor for Kitumba copper project

Australian company Weatherly has entered into a binding agreement to purchase 100% of the Kitumba copper project. The AU$ 4.75 million deal is subject to certain conditions precedent including intrepid shareholder approval and any regulatory approvals required in Zambia and Australia. Kitumba copper development project hosts a JORC-compliant measured and indicated resource of 24.9Mt at a copper …

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Mutanga Uranium post positive economic review report

GoviEx Uranium has announced encouraging results of a preliminary economic assessment for the Mutanga Uranium Project. Mutanga is GoviEx’s second large-scale, mine-permitted project in Africa postioned for development The project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine …

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Yaluma wants to fast-track copper beneficiation

Authorities are expected to draft a policy compelling mining firms to set up processing plants for finished copper products in Zambia. Christopher Yaluma, the minister of mines says it is unacceptable to continue importing finished copper products, instead of manufacturing from within the country. Yaluma says copper beneficiation will create …

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Kwikspace; Quick, reliable and relocatable solutions to mining communities

Kwikspace Modular Buildings (Kwikspace), provides quick, reliable and relocatable solutions provided to Zambian mining communities. A leading manufacturer of modular buildings, which has previously completed a number of projects in Zambia, has broadened its operations by opening a branch in Lusaka. Kwikspace’s branch was established to facilitate the workings of …

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Bell inks deal with Japan’s Kobelco

Bell Equipment has signed an agreement with global excavator specialist – Kobelco Construction Machinery Co. Ltd (Kobelco), for exclusive distribution and support of the company’s excavators in the Southern African region. Stephen Jones, Bell Equipment Group Marketing Director said the partnership should provide both companies with the stability needed to …

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Euromoney overhaul Mining Indaba

Organisers of Africa’s biggest mining jamboree – Mining Indaba have promised a big and better event in 2018. The event’s new organisers – Euromoney said all stakeholders in the sector have been engaged, returning the event to a deal making forum. Alex Grose, Managing Director for Mining Indaba said new …

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Local participate in gemstone auction

Kagem Mining has successful sold high quality emeralds at its auction in Lusaka last week to a local family. Jewel of Africa, the local jewellery manufacturer and retailer successfully bid for a parcel of gemstones for an undisclosed price during the 26th auction, since Kagem began a formal auction process …

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Mining, agriculture spur economic growth

Positives economic activities are expected to spur the country’s economic growth, according to finance minister Felix Mutati’s 2018 budget forecast. Mutati said continued rebound is expected to push economic growth to above 4.0 percent for the year 2017, above 3.8 recorded in the previous year. The minister said the key …

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Firestone diamond sale hits US$69/ct average

AIM-quoted diamond outfit, Firestone Diamonds’ latest diamond sale sold 195,330 carats for US$13.5 million. Firestone’s July and September 2017 diamond sale included the company’s second US$1 million stone, achieving an average value of US$69/ct. According to the company, the average realised value per carat represents the continued lower than expected …

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