Home / Business (page 10)

Business

Improved copper price boast Chibuluma’s financials

Chibuluma Mines’ continued focus to contain cost and improve operational efficiency has recharged the company to profit making. The company’s six month results to June 2017 also attribute positive operation to increase in copper prices. “The notable increase in the average selling price of copper over the period substantially assisted …

Read More »

EMR acquires 80 percent stake in Lubambe Mine

Private equity house, EMR Capital, has bought 80 percent stake in Lubambe Copper Mine in Chililabombwe at a cost of US$97.1 million. EMR is a specialist resources private equity management firm with a proven investment track record spanning over 20 years managing investments of over US$2 billion. Lubambe Mine is …

Read More »

Copper holds firm

Copper, which is Zambia’s major source of foreign exchange firmed in early Asian trading on Friday, gaining momentum from a positive outlook for Chinese industrial activity. China’s manufacturing activity expanded at the fastest pace in six months in August, buoyed by a surge in export orders and higher prices, according …

Read More »

De Beers hikes marketing budget to strengthen sales

International diamond company De Beers Group has announced plans to invest more than US$140 million in marketing this year. The budget is the biggest spend since 2008, as the group focus on generating further consumer demand for diamond jewellery in the leading markets globally. The greatest spend is targeted in …

Read More »

The Chileans are here

Right now, it’s little more than a hole in the ground; but six months from now, in the first quarter of 2018, this dusty building site in the North-Western province town of Kalumbila will be a $40-million manufacturing facility producing high-quality mill-balls for mines in Zambia, neighbouring countries and the …

Read More »

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 …

Read More »

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. …

Read More »

Rising copper demand to benefit copper mines

As copper prices rise from the 2015 slump to reach highs of $6000 a tonne, analysts are optimistic the trend will continue. Investment research houses like Citi Research and Goldman Sachs have issued bullish reports on copper this year – with Citi predicting the price will hit $7 000 a …

Read More »

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 …

Read More »

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 …

Read More »