Home / News (page 30)

News

Mopani mine accident rescuers retrieve machine, no bodies

RESCUE workers at Mopani South Ore Body have retrieved the machine  that was being used by the four miners who died underground last week. The search for the bodies of the affected miners still continues, although some body parts were found last week. Copperbelt minister Mwenya Musenge said yesterday that …

Read More »

South African power utility Eskom says open to coal imports for new power stations

South African power utility Eskom is open to importing coal for plants it still plans to commission, a coal conference heard on Tuesday. Willem Theron, business development manager of Eskom’s southern Africa transmission group, said the state-run utility planned to install an additional 6 250 MW of coal-based power after …

Read More »

Zambia aims to cut power to mines by up to 30%…

Lusaka-Zambia, Africa’s No.2 copper producer, plans to cut power supplies to mines by up to 30% as early as next week, after water levels at its hydro-electric projects dropped due to drought, industry sources said on Tuesday. The plan, still under discussion with the industry, will see state-run power company …

Read More »

Zambia begins rationing electricity supply to mines –

Zambia has started rationing power supply to mines, an industry source said on Tuesday, as Africa’s second-biggest copper producer struggles to meet electricity demand. “They have given us a schedule indicating how much electricity they will supply to us at different times of the day due to the power shortage,” …

Read More »

Zambia plans unfinished mineral products export ban

LUSAKA – Zambia, Africa’s No. 2 copper producer, plans to introduce a law banning the export of unfinished mineral products, minister of mines Christopher Yaluma said on Friday.“We want to curb the unnecessary export of unfinished mineral products. We need to get all exports to be beneficiated within the country and …

Read More »

Mining rights applications will be decentralised’

GOVERNMENT says it is in the process of decentralising applications for mining rights and renewal of licences to help grow Zambia’s mining sector to enable it become competitive on the international market.Minister of Mines, Energy and Water Development Christopher Yaluma said application for mining rights and renewal of licences will …

Read More »

State reviews mining growth projections

GOVERNMENT is reviewing the growth projections of the mining industry in the short to medium term.Minister of Mines, Energy and Energy Development Christopher Yaluma said the mining industry is highly competitive as evidenced by the recent growth levels of copper production in the Democratic Republic of Congo, hence the need …

Read More »

Kwacha expected to gain

THE Kwacha is expected to gain against the United States (US) dollar due to inflows of the greenback on the market, Zanaco Bank says.In its daily treasury newsletter, the bank says the local unit was yesterday anticipated to trade in the range of K7.30 and K7.45 against the dollar in the …

Read More »

KCM AND PEPZ TO BROADEN LOCAL ACCESS TO MINING SUPPLY CHAIN

LUSAKA, ZAMBIA  – One of Africa’s largest copper mining companies, Konkola Copper Mines (KCM) has joined with the Private Enterprise Programme Zambia (PEP-Z) to explore ways to include more local entrepreneurs in its supply chain. The two signed a Memorandum of Understanding (MoU) today, in which both organisations agreed to further …

Read More »

Zambia’s 2015 fiscal deficit to exceed 4.6% of GDP – official

LUSAKA – Zambia’s fiscal deficit will exceed the targeted 4.6% of gross domestic product in 2015 due to weaker copper prices and changes to the mining tax regime, a senior Treasury official said on Friday. Mike Masiye, the director of budget in the ministry of finance, said copper prices had collapsed …

Read More »