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FQM’s Sentinel leading future copper mining ventures in Zambia

First Quantum Minerals’ new $2.1-billion Sentinel mine in Zambia is the one of the most-ambitious ventures for the country’s mining industry. This is according to the Zambia Chamber of Mines which states that the Sentinel mine is the single-largest upfront infrastructure investment in Zambia since the Kariba dam. And by …

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Zambia cuts trade deficit by 92% as Copper exports swell

Zambia cut its trade deficit by 92%, a move that is expected to shore up the country’s economic outlook of sustained. The copper rich country recorded a trade deficit in May 2016 valued at K 65.2 Million, representing a 91.5 percent drop in the trade deficit from K765.3 Million recorded …

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Kibo Mining confirms delay in amalgamation of gold projects

Kibo Mining has confirmed that a minor unforeseen delay will set back finalising the definitive agreement with Lake Victoria Gold. Tanzania focused mineral exploration and development company, Kibo Mining said on Tuesday that its Memorandum of Understanding (MOU) signed with Lake Victoria Gold (Lake Victoria) to consolidate the companies’ respective …

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Electra Mining Africa to give local mining sector much needed boost

The South African mining industry is facing another challenging year with slower than expected economic growth, a prolonged and continuing downswing in commodity prices, an increase in short-term volatility, increased pressure on operating models, and regulatory uncertainty. Adding to these challenges is the increased difficulty in raising capital due to …

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Momentum for solar-diesel hybrid microgrids in the Zambian mining industry

In recent years, an ongoing drought has caused a severe power crisis in Zambia. The new analysis “Power crisis and consequences for solar energy in the Zambian mining sector” from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in its role as facilitator of the Project Development Programme and THEnergy …

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Miners find 500-year-old shipwreck filled with gold coins in Namibian desert

The haul is believed to be one of the most significant archaeological finds ever in Namibia Dieter Noli The wreckage of a 500-year-old Portuguese ship filled with gold coins has been unearthed by miners in a Namibian desert. The haul was discovered by diggers from diamond company De Beers and …

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Mines: Zambia on right track

THE mining industry remains dear to the hearts of Zambians because it is the blood-line through which our country’s economy thrives. While as a country we realise the need to reduce dependence on copper exports as a source of foreign exchange, by diversifying the economy, the fact still remains that …

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$60m boost to Zambia power grid

Mining is poised to receive a spinoff benefit from Monday’s announcement that the power grid in Zambia is to be boosted by a $60-million investment. In this latest transaction, Standard Chartered bank has partnered with the United States Agency for International Development (USAID) to provide a long-term loan to the …

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Claim against Vedanta, KCM given the green light to proceed in court

A legal claim on behalf of 1 826 Zambian villagers against global diversified metals and mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines (KCM) has been given the go-ahead by a High Court judge to proceed in the UK courts. The judgment, handed down on Friday by …

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Working to stay ahead of competitors

Crane and hoist manufacturer Condra intends to focus on the continued supply of high-quality, robust and reliable products and lowering the overall lifetime maintenance costs of these products to foster a sustainable competitive advantage while miti- gating the major challenges currently faced by the South African materials handling industry. Condra …

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