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President Lungu to meet mining partakers

The President of Zambia Edgar Chagwa Lungu has travelled to the Copperbelt where he is scheduled to meet stakeholders in the mining sector. According to media reports, the President’s visit has come at a time when people on the Copperbelt need assurance from the head of state. This follows the …

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Mopani shut down two shafts

As part of efforts to ensure Mopani has a viable future the company is planning to cease operations at Mindola North Shaft and Central Shaft. Nebert Mulenga, Public Relations Manager for Mopani Copper Mines said the miner is to focus on essential capital projects which include the Synclinorium Concentrator, Mindola …

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Zimbabwean Gold price to gain an incentive

In order to incentivize gold production in Zimbabwe, an additional payment above the contractual purchase price will be provided by Fidelity as announced. Caledonia’s operating subsidiary Blanket Mine sells its gold production to Fidelity in Zimbabwe and is contractually entitled to receive a price which is derived from the afternoon …

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Inyatsi terminates all Gov contracts

The contractor engaged by government to rehabilitate Mazabuka-Turnpike and other road construction projects across the country has cut off all works due to government debt of more than K200 million. Inyatsi Construction Limited has with immediate effect terminated all contracts and shut down its operations in Zambia due to lack …

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Gold smuggling a drawback to Africa  

A news agency recently carried out an investigation on the billions of money being lost from Africa resulting from gold smuggling. According to the report by news agency Reuters, billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates (UAE) in …

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Zambia and Angola to seek better trade enhancement ties

The Republican president of Zambia has acclaimed the visit by former African heads of states as very meaningful and encouraging to the government in sourcing for more developmental links with Angola. President Lungu says the two countries have not sufficiently integrated economically hence the need for avenues that will enhance …

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