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KSB invests in Zambia

Global pump manufacturer, KSB Pumps and Valves, has established an independent operation in Zambia to ensure that its rapidly expanding customer base has full access to the company’s world-class sales and support services. Having previously been represented by a network of agencies and dealers throughout the country, the growing number …

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Scrap property transfer tax for exploration companies – AZMEC

Investors in the mineral exploration sector want exemption from property tax. The Association of Zambian Mineral Exploration Companies (AZMEC) says paying property transfer tax levied at 10 percent from exploration stage of mining dents profit. Geoffrey Mulenga AZMEC President speaking during the 10th AZMEC Explorers Forum  held under the banner: ‘Exploration …

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Govt. foresee positive copper prospects

The rising commodities prices are to spur the country’s copper production, government officials have said. Paul Chanda, Mines permanent secretary said the prospects for 2017 are largely positive. Government projects copper production to exceed 850,000 tonnes on account of recovering prices nearing US$6,000 per tonne. “The commodity prices have shown …

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Cape Lambert seals DRC JV, sets eyes on Zambia

Australian company Cape Lambert has ventured into a joint venture with Democratic Republic of Congo’s (DRC) Paragon Mining to exploit the country’s cobalt and copper. The JV is to develop the Kipushi cobalt-copper tailings project, the Kasombo copper-cobalt project and operate the Kipushi processing plant. In addition, operate the fully …

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Rio-Carb celebrates 35 years of innovation and service excellence

Founder and CEO Martin Maine has extensive experience in physical metallurgy, and has participated in several international conferences and seminars. Twice President of the South African Institute of Welding, he has been involved in prestigious local projects such as Sasol ll and lll, Koeberg, and Gariep Dam. Maine also established …

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CEC Plc cut ties with CEC Africa

Copperbelt Energy Corporation (CEC) Plc has mooted plans to delink its pan-African power assets developer CEC Africa from the CEC group. Julia Chaila, company secretary said the decision yet to get approval from shareholders is expected to improve CEC Plc financial performance. CEC Africa is currently reeling from operation challenges …

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Zambian project achieves one-million lost-time injury free work hours

Mining and exploration company Group R Mining & Exploration Zambia achieved one-million work hours without a lost-time injury (LTI) at its Synclinorium shaft expansion projectfor its owner, Zambian-registered copper miner Mopani Copper Mines. Group R is the operating partner of Mauritius-based private capital and corporate advisory company Africa One Holdings …

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Diversifying Zambia’s Copperbelt economy with post-copper era in mind

Most developing countries that are rich in natural resources and are dependent on such resources have generally experienced poor economic performance. A strategy that has been useful in improving the economic performance of such economies is economic diversification. However, employing successful economic diversification strategies has been a challenge for many …

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Universal Mining invests K70bn in iron ore plant

  Universal Mining and Chemical Industries Limited is investing K70 billion into mining iron ore west of Kafue, says Dr Julius Kaoma. In a recent interview, Dr Kaoma, who is UMCIL Kafue Steel Plant executive technical director, said the mine would help reduce importation of steel into Zambia. In the same …

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