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Activist reports damaging to FQM

First Quantum Minerals (FQM) has allayed reports by non-governmental organisations (NGOs) that appear to be ‘calculated to destabilise the trust built up with local people’. The company said the poorly researched reports fuel unrest, distort the views of the majority of local people, and give a disproportionate profile to a …

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KCM, Government, workers mend relations

Konkola Copper Mines has announced intentions to bridge information and expectations gap that currently existing between the mine, the workers, the Unions, the local contractors and government. The company operates Copper mines in Chingola and Chililabombwe. Steven Dinn, KCM Chief Executive Officer said that the meeting was a start of …

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Zambia has a new mining minister

The Zambian President, Edgar Lungu has  appointed a new mining minister in a  recent cabinet reshuffle that included several changes to other government ministries. In a press release by the government of Zambia, Patriotic Front Parliamentary Chief Whip Richard Musukwa has been named the new Minister of Mines and Minerals …

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Miners, government head for a deadlock

The Chamber of Mines has condemned the new law compelling mining companies and other bulk cargo firms to transport at least 30% of their freight by rail. According to miners, the legislation is ‘economically inappropriate and unworkable’ Brian Mushimba, transport minister said the law was meant to revive the rail …

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Regulatory vagueness cast shadow over South Africa

The controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III has led to low investor confidence and continuing breaches of trust between government and industry, resulting in declining constructive engagement. Amid lingering political uncertainty, the charter and …

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Government to increase stake in copper companies

ZCCM –IH wants to increase its stakes across the country, as copper prices rebound. “It’s encouraging us to invest even more in copper. That’s why we want to increase our shareholding in some of the assets we have,” Pius Kasolo, Chief Executive Officer of ZCCM-IH told Reuters on the sidelines …

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ZRL to modernise operations

Government has finished feasibility studies on two routes of the Zambia Railways Limited (ZRL) to modernise its operations. In this vein, Government is in discussion with two Chinese railway companies that were engaged to conduct feasibility studies for ZRL. Minister of Transport and Communication Brian Mushimba said the two companies …

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EAZ calls for stabilisation fund establishment

Government has been challenged establish to a mineral stabilisation fund. The Economics Association of Zambia (EAZ) says authorities should take advantage of the current rise in copper price to establish the fund. Herryman Moono, EAZ National Secretary said the mineral stabilisation fund will be used to save revenue from the …

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Government invest in cement plant to diversify economy

Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and Sinoconst are to build a $548-million cement plant in Ndola. The development is part of efforts to diversify the economy and reduce reliance on the country’s economic mainstay copper mining. President Edgar Lungu said the two companies will raise financing for the project …

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Reinstate clause on mineral revenue

The Centre for Trade Policy and Development (CTPD) has urged Government to reinstate the clause on mineral revenue sharing mechanism (MRSM) in the Mines and Minerals Act to realise the aspirations of the Seventh National Development Plan (7NDP). CTPD acting executive director Isaac Mwaipopo said the 7NDP seeks to improve …

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