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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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$12 million sourced for small-scale miners

Goverment has obtained a loan worth US$12 million from African Caribbean Pacific and the European Union (ACP- EU) countries to support growth of small-scale miners in the gemstone sector. Ministry of Mines permanent secretary Paul Chanda told captains of the industry at a business seminar taking place on the side-lines …

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Government, private sector dialogue to improve mining

Chris Yaluma, the country’s mining minister has reiterated that chances of the copper industry recording an upward swing are bright. “Our mining houses have survived a tough three years, and I see a promising, bright outlook,” said Yaluma, opening Zambian International Mining and Energy Conference in Lusaka. Sharing the same …

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Yaluma persist on good relations with mining sector

The mines and minerals minister Christopher Yaluma’s appetite to cement relations with the extractive industry continues to build up, this year. Yaluma’s latest interaction with the industry is slated for CAMINEX/CBM-TEC 2017 slated at the Kitwe Showgrounds. The annual mining and agriculture jamboree has invited the minister to talk to …

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Kabwe firm’s $55m project pays off

Metalco Industries Company Limited, a Kabwe-based firm, has injected a capital of about US$55 million to upscale its operations in the manufacturing sector over the past 18 years. The company recycles scrap metal to manufacture copper cables, lead-acid batteries, aluminium sheets and various utensils. Company chairman and managing director Hussein …

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Govt. foresee positive copper prospects

The rising commodities prices are to spur the country’s copper production, government officials have said. Paul Chanda, Mines permanent secretary said the prospects for 2017 are largely positive. Government projects copper production to exceed 850,000 tonnes on account of recovering prices nearing US$6,000 per tonne. “The commodity prices have shown …

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Mbala Power Projects to enhance livelihoods – Zesco

Zesco Limited says completion of its K21 million electricity distribution infrastructure projects in Mbala district will enhance people’s livelihoods since they will now access power to support various developmental projects. In a telephone interview recently, Zesco Mbala area manager, Joseph Kafungu said installation of distribution infrastructure equipment such as sub-stations; …

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Copper proves a rocky road for Zambia

The town of Luanshya, situated on Zambia’s copperbelt, serves as a bellwether for the country’s economy. However, political developments in Zambia are causing significant uncertainties in the copper industry. With a sustained annual GDP growth rate above 6%, driven primarily by copper, the past decade has been tumultuous for Luanshya. …

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Democratic Republic of Congo ‘will not change mining code

DEMOCRATIC Republic of Congo’s Mines Minister Martin Kabwelulu said he has dropped plans to change the mining code in Africa’s biggest copper producer after opposition from mining companies. “The mining code, which is currently in place, will stay in place,” Mr Kabwelulu said at a speech to investors in Cape …

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ZAMBIA TO UP COPPER OUTPUT

ZAMBIA will be the second largest contributor to global copper by 2018, the latest International Copper Study Group (ICSG) report indicates. According to the report, Global copper production capacity at mine level is expected to grow at an average annual rate of six per cent to reach 27.4 million tonnes …

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