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Kwikspace; Quick, reliable and relocatable solutions to mining communities

Kwikspace Modular Buildings (Kwikspace), provides quick, reliable and relocatable solutions provided to Zambian mining communities. A leading manufacturer of modular buildings, which has previously completed a number of projects in Zambia, has broadened its operations by opening a branch in Lusaka. Kwikspace’s branch was established to facilitate the workings of …

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Bell inks deal with Japan’s Kobelco

Bell Equipment has signed an agreement with global excavator specialist – Kobelco Construction Machinery Co. Ltd (Kobelco), for exclusive distribution and support of the company’s excavators in the Southern African region. Stephen Jones, Bell Equipment Group Marketing Director said the partnership should provide both companies with the stability needed to …

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Euromoney overhaul Mining Indaba

Organisers of Africa’s biggest mining jamboree – Mining Indaba have promised a big and better event in 2018. The event’s new organisers – Euromoney said all stakeholders in the sector have been engaged, returning the event to a deal making forum. Alex Grose, Managing Director for Mining Indaba said new …

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Local participate in gemstone auction

Kagem Mining has successful sold high quality emeralds at its auction in Lusaka last week to a local family. Jewel of Africa, the local jewellery manufacturer and retailer successfully bid for a parcel of gemstones for an undisclosed price during the 26th auction, since Kagem began a formal auction process …

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Mining, agriculture spur economic growth

Positives economic activities are expected to spur the country’s economic growth, according to finance minister Felix Mutati’s 2018 budget forecast. Mutati said continued rebound is expected to push economic growth to above 4.0 percent for the year 2017, above 3.8 recorded in the previous year. The minister said the key …

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Firestone diamond sale hits US$69/ct average

AIM-quoted diamond outfit, Firestone Diamonds’ latest diamond sale sold 195,330 carats for US$13.5 million. Firestone’s July and September 2017 diamond sale included the company’s second US$1 million stone, achieving an average value of US$69/ct. According to the company, the average realised value per carat represents the continued lower than expected …

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Botswana’s tennis ball size diamond sold

Africa focused miner Lucara Diamond has sold the historic 1,109 carat Lesedi La Rona recovered from the Karowe mine in Botswana in November 2015. Lucara Diamond said the piece has been sold for US$53 million (US$47,777 per carat) to Graff Diamonds. “We are thrilled and honoured to become the new …

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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 …

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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 …

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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 …

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