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Ramaphosa, Akufo-Addo address historic Mining Indaba

Two major African mining economies’ presidents addressed the Investing in African Mining Indaba in South Africa, this year. South African President Cyril Ramaphosa and Nana Akufo-Addo of Ghana shared their thoughts with audience of government representatives, investors, mining companies, the media, NGOs and others. “This Indaba offers us a valuable …

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Mining industry urged to invest in value addition

Export of finished products can offer significant cover for the country’s economy against falling copper prices, Stanbic Bank has said. Leina Gabaraane, Stanbic Bank Chief Executive Officer said there is need to invest in value addition in the mining sector to minimise the impact of changes in the prices of …

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CEC donates books to Kalabo Schools

As part of its corporate social responsibility Copperbelt Energy Corporation (CEC) recently handed over text books to the Mwangala Mwenda Foundation prior to the start of the 2019 year. According to the company, the books are just some of the essential supplies the Foundation requires for the school year to …

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Zambia to implement Copper Import tax

Government has plans to forge ahead with implementation of the five percent copper import duty. Richard Musukwa, mining minister said new taxes were ‘well-thought-out and logically calculated with the inputs of stakeholders, even the mining companies’ at the sidelines of the 2019 Mining Indaba. The Mines Minister emphasized that Zambia …

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Global zinc market to grow

GlobalData’s latest report has forecast that between 2019 and 2022, global zinc supply is expected to grow at a compound annual growth rate (CAGR) of 3.8 percent, to 15.7Mt  in 2022. Simultaneously, the gap between demand and supply is expected to narrow and eventually the market will move into a …

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Cummins Inc. celebrates centennial year

The Fortune 150 listed company, Cummins Inc. is celebrating its 100th year as a company throughout 2019. With employees over 60 000 worldwide and serves customers in nearly every country across the globe, Cummins products range from diesel and natural gas engines to hybrid and electric platforms, as well as …

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Stanbic sends high-profile delegation to Indaba

As part of efforts to signal its commitment to back the mining sector, Stanbic bank is sending a high profile delegation to the upcoming Mining Indaba. “Mining matters to the people of Zambia. It is the country’s largest exporter, its largest taxpayer and largest private sector employer,” said Leina Gabaraane, …

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Mantashe opens 2019 Mining Indaba

South Africa’s mineral resources minister Gwede Mantashe is billed to open the 25th  Annual Investing in African Mining Indaba. The event is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining. According to the organisers government will engage delegates on South Africa as a …

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Vendata Zambia assures progress and job security

Vendata’s Zambian unit is among the list of mining companies to have negated plans of laying off workers due to the recently introduced tax regime by the Zambian government. According to reports in the media, Vendata will proceed with the intended expansion procedures despite increased mining royalties presented by Africa’s …

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 More mining houses board on job preservation

Luanshya Copper Mines (LCM) is yet another mining firm that has agreed to not laying off any employees due to the new tax regime. According to Zambia Reports, First Quantum Minerals has also announced that it will not be laying off workers in response to the new tax system. Mineworkers …

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