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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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Dismissal of miners due to non-renewal of contracts-KCM

Over 400 miners belonging to three contractors at Nchanga underground mine in Chingola have been dismissed by Konkola Copper Mine (KCM). This follows the non-renewal of expired contracts for the three drilling companies namely Elioyoni, Lukoria and Mpelembe. KCM Corporate General Manger Eugene Chungu made mention that Nchanga underground mine …

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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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Canadian Lucara extracts a massive diamond in Botswana

The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …

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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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Zanzibar Gold expands footprint in Tanzania

Zanzibar Gold has announced plans to acquire Mkuvia gold property, in the Nachengwea area of southern Tanzania, as well as the Fakawi gold property, in the Handeni area of north-central Tanzania. The potential for low-cost extraction of placer gold from part of an extensive gold-bearing placer alluvium at Mkuvia will …

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Burkina Faso’s gold project well timed

The Sanbrado Gold project being constructed by the West African Resources in Burkina Faso is said to be moving on schedule. West African Resources alluded that the Sanbrado project under construction is on target and is within the allocated budget. The developer further announced that this project is set for …

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MoU signed for Iron ore channel in Liberia

A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea. This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha …

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