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Konecranes mobile workshop now on offer

CXT Explore is one of the most innovative products to come from Konecranes recently. According to the company, the product is a combination of a 6.3T mobile overhead crane, travelling on a gantry, supported by two sturdy containers which make for fully equipped workshop that can literally be set up …

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De Beers acquire Peregrine Diamonds

De Beers Canada has entered into an agreement to acquire 100 per cent of the outstanding securities of Peregrine Diamonds, owner of the high quality Chidliak diamond resource located in Canada’s Nunavut Territory. The Chidliak resource was discovered in 2008 and is located approximately 120 kilometres northeast of Iqaluit on …

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First Quantum given time to solve $7.9bn tax row

Government has given First Quantum Minerals more time to complete its analysis of what it owes after it was slapped with a $7.9-billion tax bill. According to the Finance Minister the government has audited major mining companies operating in the country, which include Vedanta Resources and Glencore. “They are doing …

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Oranto Petroleum enters Zambian market

Pan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia, as part of the company’s first investment in the country. “Oranto Petroleum is committed to an aggressive work program to increase the level of prospectivity in one of the world’s last true frontier markets,” said Prince Aurthe …

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New fuel-filtration solution power haul-trucks

Cummins’ Fleetguard has ensured that a haul-truck fleet achieve use rates of between 85 percent and 90 percent, after previously experiencing operational difficulties relating to substandard fuel qualities, which had reduced the fleet’s run-time capacity to 65 percent. “Since the solution was implemented in June 2017, the mine’s downtime reduced …

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CEC divest from Liquid Telecommunication

The Copperbelt Energy Corporation Plc (CEC) has offloaded 50 percent shareholding in CEC Liquid Telecommunication Limited to Liquid Telecommunications Holdings Limited. CEC is the legal and beneficial owner of 50 percent of the allotted and issued share capital of CEC Liquid Telecom. On completion of the deal Liquid shall procure …

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Katanga Mining – from the frying pan into the fire

Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion. The freezing order was served in the DRC by Ventora Development Sasu, a company affiliated with Dan Gertler and comes just after the local owned mining …

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Zambia’s copper production set to grow, but may be restricted by policy – BMI

Although the growth prospects for Zambia’s mining sector remains positive for this year, amid rising copper prices and improved electricity supply, a worsening regulatory environment may negatively impact on the country’s copper production in the coming years, warns BMI Research. “We expect Zambian copper production growth to accelerate in the …

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Stanbic calls on collective drive for growth

Stanbic Bank has geared up to join forces with mining companies to develop the full potential of the country’s extractive industry. The bank made the promise at its annual Economic and Mining Roadshow in the North-Western and Copperbelt provinces. According to the bank, the engagement brought together various players from …

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Cradle Arc to sell Zambia gold assets to Singa Holdings

Cradle Arc has entered into an option agreement to sell its Matala and Dunrobin gold assets to Singa Holdings Zambia. Through its subsidiary Luiri Gold Mines, Cradle Arc has granted Singa an exclusive option to initially form a joint venture for the operation of the Matala and Dunrobin gold assets. …

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