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Global zinc market to grow

GlobalData’s latest report has forecast that between 2019 and 2022, global zinc supply is expected to grow at a compound annual growth rate (CAGR) of 3.8 percent, to 15.7Mt  in 2022. Simultaneously, the gap between demand and supply is expected to narrow and eventually the market will move into a …

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Cummins Inc. celebrates centennial year

The Fortune 150 listed company, Cummins Inc. is celebrating its 100th year as a company throughout 2019. With employees over 60 000 worldwide and serves customers in nearly every country across the globe, Cummins products range from diesel and natural gas engines to hybrid and electric platforms, as well as …

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Stanbic sends high-profile delegation to Indaba

As part of efforts to signal its commitment to back the mining sector, Stanbic bank is sending a high profile delegation to the upcoming Mining Indaba. “Mining matters to the people of Zambia. It is the country’s largest exporter, its largest taxpayer and largest private sector employer,” said Leina Gabaraane, …

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Mantashe opens 2019 Mining Indaba

South Africa’s mineral resources minister Gwede Mantashe is billed to open the 25th  Annual Investing in African Mining Indaba. The event is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining. According to the organisers government will engage delegates on South Africa as a …

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Renewables & Energy efficiency news

Despite concerns that intermittent renewables such as solar and wind could affect the reliability of power supply, mining companies are adopting wind and solar to reduce their energy costs at remote off-grid mines. In various microgrid applications, renewables combined with diesel, HFO, or gas are proving their worth in isolated …

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 More mining houses board on job preservation

Luanshya Copper Mines (LCM) is yet another mining firm that has agreed to not laying off any employees due to the new tax regime. According to Zambia Reports, First Quantum Minerals has also announced that it will not be laying off workers in response to the new tax system. Mineworkers …

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Orinoco Gold, AngloGold Ashanti starts work in Brazil

Orinoco Gold has announced that it has just started working with AngloGold Ashanti on establishing an in-country joint venture entity in Brazil. This comes both companies confirmed the original terms of an earn-in agreement signed back in 2017. According to a statement from the companies, the undertaking should be completed …

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Vedanta tells top English court pollution case should be heard in Zambia

LONDON – Lawyers for Vedanta Resources told England’s Supreme Court on Tuesday that a case raised against the mining company by nearly 2 000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing …

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First Quantum achieves record copper sales, production in 2018

TSX-listed copper miner First Quantum has announced record production and sales for 2018, with copper output rising by 6% and sales by 3%. Total copper production amounted to 605 853 t, compared with 573 963 t in 2017. The company sold 596 513 t in 2018, compared with 580 130 …

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Zambia’s copper output up 10.4% year on year in September

Zambia’s annual copper output rose 10.4 percent in September to 631,359 tonnes, the central bank in Africa’s second-biggest producer of the industrial metal announce last week. Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada’s First Quantum Minerals, Glencore, Barrick …

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