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Now legal to pan for gold – Chilufya

Government has announced intentions to issue two-year permits to small scale gold panners. The development comes, following the Ministry of Mines and Minerals Development’s (MMMD) plans to make legal the ancient method of gold mining. Willy Chilufya, Head of Mineral Economics at MMMD recently declared that issuing gold panning certificates …

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Economic recovery to prop up Puma volume sales

Petroleum outfit Puma Energy is optimistic that recovery signs the country is experiencing will boost the firm’s sales volume going forward. According to the company interim results for the first half of the year, various economic fundamentals have recorded positives. “Despite the down turn in fuel consumption in the industry, …

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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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UMCIL to open iron-ore mine in October

The US$70 million iron-ore mining company being set up by Universal Mining and Chemical Industries Limited (UMCIL) in Nampundwe’s Sanje Hill area, expected to create 1,000 jobs, will commence operations this October. UMCIL sales manager Benjamin Belemu said the company, which operates the Kafue Steel Plant under Trade Kings Group …

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KCM creating sustainable mining legacy

As one of Africa’s largest integrated copper producers, with a rich mining history in the Zambian Copperbelt that spans several decades, Konkola Copper Mines (KCM) and its CEO Steven Din understand that copper is a depleting resource. As such, the CEO is not only driving a 50 year mining vision …

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Miners urged to improve fire-detection systems

ASP Fire has emphasized the importance of fire-detection systems in underground mining citing that underground mining is an exceptionally hazardous environment, The professional and accredited fire risk management believes persons who work underground have limited means to escape in the event of any fire and calls for earliest possible warning …

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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 …

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Konecranes celebrates 1000th RTG delivery

Konecranes is celebrating a milestone of its cranes this year with phenomenal installations across the globe. Konecranes’ 100th rubber tired gantry (RTG) crane has been installed at the Georgia Ports Authority at the Port of Savannah in the USA. In South Africa, three 350kg RMG’s have been installed at Transnet …

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Kansanshi Mine remains resilient

First Quantum Minerals’ Kansanshi Mine has posted positive results despite operational challenges, declining ore grades and the need to contain costs The company’s 2016 financial results confirm its status as Zambia’s flagship copper mine. Kansanshi maintained its position during 2016 as Zambia’s largest copper producer (250 000 tonnes), one of …

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