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Copper price soars

The price of copper, which is Zambia’s foreign exchange earner, rose to two and half highs at US$6,495 a tonne on the international market on Wednesday, supported by anticipated low demand from China. The raise in copper price means that Zambia will have more foreign exchange inflows and will also …

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Solwezi’s mining activities attract Mauritian mall developers

Mauritian company African Property Investments is building a $25 million complex with 10 000 m2 of commercial space in Solwezi. The presence of three major copper mines, whose18 000-plus employees and contractors collectively release millions of dollars of disposable income into the local economy every month has attracted the investor. …

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Minerals, metals demand to rise

World Bank says aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium demand is expected to rise, as the world works towards commitments to keep the global average temperature rise at or below 2°C. In a report ‘The Growing …

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IMF projects improved GDP

The International Monetary Fund (IMF) anticipates GDP growth, citing a hike from 3.4 percent recorded in 2016 to 4 percent in 2017, following the Fund’s recent countrywide tour. The Fund attributes the development to this year’s bumper harvest and increased hydroelectricity generation expected to boost economic activity more than previously …

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Yaluma persist on good relations with mining sector

The mines and minerals minister Christopher Yaluma’s appetite to cement relations with the extractive industry continues to build up, this year. Yaluma’s latest interaction with the industry is slated for CAMINEX/CBM-TEC 2017 slated at the Kitwe Showgrounds. The annual mining and agriculture jamboree has invited the minister to talk to …

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Botswana leads the pack on investment attraction

Investment Destination in Africa an independent research arm has named Botswana, as the most attractive destination. According to Investment Destination in Africa’s latest Investment Index Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import covers and eases of doing business The …

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US$1 billion investment for Konkola Copper Mines

Vedanta Resources developers of Konkola Copper Mines (KCM) have announced a 50-year blueprint for the integrated copper mine. With a budget of US$1 billion, the long term project is expected to grow KCM’s employment to 7000 jobs. “I want Konkola Copper Mines (KCM) to be the largest integrated copper producer …

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Two crane giants join forces

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

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