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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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Zambia to end power tariff subsidies for big firms

Zambia’s government will stop supplying cheap electricity to large industries as Africa’s second largest copper producer battles a costly power shortages. The move away from subsidised electricity tariffs for large consumers will happen immediately, while state utility Zesco will source energy from private producers to plug the deficit, government spokesperson …

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Government may fail to collect enough tax from mines in 2015 – EAZ

THE Economics Association of Zambia says there may not be enough mining tax revenue collected by the government this year because the sector is grappling with low copper prices and production.Copper prices on the international market have this year been steadily declining, now trading at around US$5,165 down from over …

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Zambia opens talks with mining companies

The Zambian Government has opened talks with mining companies over the controversial mineral royalty tax, on the eve of the Barrick Gold Corporation embarking on the process to suspend operations at Lumwana mine in Solwezi. However, acting president Guy Scott has maintained Zambia will not be intimidated by some mining …

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Who benefits from Zambia’s Copper proceeds?

By Hicks Sikazwe The decision by Barrick Gold Corporation, a Canadian multinational, to suspend operations at Lumwana Mine near Solwezi in North-Western Province did not only open up new wounds but demanded immediate answers as to who benefits from Zambia’s copper proceeds? On December 17, Zambia’s Parliament approved a proposal …

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Zambian Minister of Mines Christopher Yaluma to deliver keynote address at CBM-TEC mining expo at Kitwe on 28 April

“Positive signal of government’s willingness to promote the sector” Zambia’s Minister of Mines, Energy and Water Development, the Hon. Christopher Yaluma, will be the keynote speaker at the upcoming Copperbelt Mining Trade Expo and Conference or CBM-TEC that is taking place in Kitwe, Zambia from 28-29 April 2014. Organised in …

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Improve on Social Responsibility-Mining Companies in Zambia challenged

Mining Companies should strive to ensure that they commensurate their investment in communities they operate to allow locals benefit from the corporate social responsibility, says deputy mines minister, Richard Musukwa. Various companies in the private sector have to date invested over US$220 million in various communities where they operate. Mining …

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Tap into unexploited Mining resources, Exploration Companies Challenged

Exploration Companies need to tap into vast unexploited mining resources as part of the diversification from the mono-commodity copper mineral and assist develop the sector’s operations in the country, says mines and mineral resources minister Christopher Yaluma. The spreading of exploration activities in unexploited areas will assist Zambia; Africa’s leading …

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Government wants a professional and transparent gemstone sector

Christopher Yaluma

Government seeks to re-organise the emerald and precious stone industry to ensure that the sector realizes its full potential as one of the country’s foreign exchange earner. Minister Christopher Yaluma previously noted that the auctioning of precious stones outside the country has resulted to stones being less recognised to its …

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NFCA Drags Hybrid Poultry to Court over ‘delayed Mining’

NFCA drags Hybrid Poultry to court

Chinese-owned Non-Ferrous Cooperation Africa (NFCA) Mining, located in Chambishi on the Copperbelt has dragged Hybrid Poultry Farm for allegedly making false representations that it was affected by the mining company’s on-going construction of the South East Ore Body (SEOB) project. The company argues that Hybrid Poultry Farm had allegedly made …

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