Home / News

News

Barrick Gold dispels claims of sale

During a media briefing in Lusaka, Barrick Gold Corporation made a clear pronouncement that speculations about the company’s intention to sell Lumwana Copper Mine are false.   The Chief Executive Officer and President of Barrick Gold Corporation, Mark Bristow rather highlighted its eagerness to continue engaging with the government at …

Read More »

KCM bids expected-Musukwa

About nine companies are expected to submit bids for Konkola Copper Mines within weeks.   During a media briefing, Richard Musukwa, the Mines Minister made mention that companies from as far as Australia, Canada, China, Russia and Turkey were doing due diligence.   “The bidding process will start once all …

Read More »

Eastern Province Hydro power station installation paused

According to the World Wide Fund (WWF), government has cancelled a pre-feasibility study for the Ndevu Gorge Power Project on Luangwa river, proposed by MDH South Africa (Pty) Limited, which would have cost $1.26 billion and generated between 235 and 240 megawatts of power if completed.   The 1,100-kilometer Luangwa …

Read More »

SA Court called on in KCM dispute

Vedanta Resources recently obtained an ex parte order in the High Court of South Africa permitting the company leave to institute an urgent interim interdict application against Zambia Consolidated Copper Mine-Investment Holdings (ZCCM-IH). The urgent application served ZCCM-IH and provisional liquidator Milingo Lungu for Konkola Copper Mines (KCM) of which …

Read More »

Import duty discussions underway

Zambia’s mining giant, Konkola Copper Mines (KCM) is currently holding discussions with the government regarding import duty as plans to step up production are in the pipeline. KCM corporate affairs manager Eugene Chungu earlier alluded that the Nchanga smelter had been idle pending availability of concentrates stocks. Operations at Nchanga …

Read More »

CSO records highest inflation rate midyear

According to the data from the Central Statistical Office (CSO), the inflation rate in June this year has increased to 8.6 percent from 8.1 percent recorded in May this very year. The CSO acting Director of Census and Statistics Iven Sikanyiti made mention that this was mainly ascribed to the …

Read More »

New Mining Code anniversary at DRC Mining Week 2019

The DRC Mining Week is a significant event at which key players in the mining sector can engage. With an august gathering of government officials and key mining individuals both locally and internationally, the event marks the 15th anniversary of the largest mining event in the DRC. The official opening …

Read More »

Zambia’s mining tax regime ranked highest-FQM

The First Quantum Minerals (FQM) Head of Government Affairs, John Gladstone made mention that Zambia’s current tax regime for the mining sector is unappealing to potential investors more especially when placed along fellow copper mining countries globally. Among the copper mining countries include Chile, the Democratic Republic of Congo and …

Read More »