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MINES OWE ZESCO U$20 000, 000 IN POWER BILLS

Mining companies in Zambia collectively owe power company Zambia Electricity Supply Corporation (ZESCO) a staggering US$20 million debt in unpaid power bills, threatening the utility company’s prospects of undertaking a facelift to its equipment and the meeting energy demands to end users. Earlier this year, the Energy Regulation Board (ERB) …

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Value Addition-a Pre-requisite for SADC’s growth

There is need to devise ‘uniform’ legislations that will benefit the people in the 15-member Southern African region in collaboration with investors that export raw material at the expense of the more than 270 million populace, many who are wallowing in abject poverty, says incoming SADC chair for the council …

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Energy generation rises three percent

Electricity generation in Zambia rose more than three percent during the first quarter this year as mining companies increased consumption to raise mineral output as dictated by the metal markets, a national report says. The Lusaka based Bank of Zambia says in its report that energy generation increased by 3.1 …

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Zimbabwe halts export Of ‘rough’ diamonds

Zimbabwe Mines Minister Walter Chidhakwa has revealed that the country has with immediate effect banned exports of rough diamond to ensure maximum value for its minerals. The idea emerges from a recent cabinet meeting which discussed about the exportation of rough diamonds and resolved to ban the exports of the …

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MINING COMPANY EXITS MOZAMBIQUE’S COAL SECTOR AFTER $3BLN WRITE-DOWN

RIO Tinto Group, the global mining leader has drawn a line under one of its most disastrous deals by offloading its Mozambique coal assets for $50 million, a decision that has forced the company’s Chief Executive Officer to leave. The London-based company bought the assets as part of the $3.7 …

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Copper output in Zambia declines 2 percent-Central Bank

Zambia’s copper outturn has continued to fluctuate-barely days after the country; Africa’s leading copper producer, raised its bar of the red metal on the international metal market, according to the Lusaka-based Bank of Zambia. According to the data by the Central Bank-copper production from Zambia took a downturn-declining 2.5 percent …

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MOPANI PROMOTES SAFE MINING

Safety is of key importance to Mopani. Since inception in 2000, Mopani has implemented a number of safety initiatives that have contributed to the reduction in lost Time Injury Frequency from 9.3 in 2000 to 1.3 in 2014. In a bid to continue improving its safety performance, Mopani has devised …

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LOCAL CONTRACTOR COMMENDS JOINT VENTURE PARTNERSHIP INITIATIVE BY MOPANI

Mopani Copper Mines Plc has implemented a number of programmes aimed at empowering and building capacity of local contractors and other small and medium enterprises in Zambia. The Company is encouraging formation of joint venture partnerships between local contractors and internationally-recognized and well-established foreign firms wishing to do business with …

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ZEST ENERGY CLOSE TO COMMISSIONING ITS FIRST REFERENCE SITE

Playing a key role in the growth of the Zest WEG Group’s footprint across Africa, group company Zest Energy is moving towards the commissioning of its first reference site for diesel power generation in Zambia. Zest Energy also has installations in Congo, DRC, Tanzania, Zimbabwe and Ghana. The order was …

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Ruukki Metals opts in favour of Loesche mills for more efficient steel production

The Finnish steel producer Ruukki Metals is converting its blast furnaces at the Raahe site in Finland from oil injectors to more cost-efficient Pulverized Coal Injection (PCI). The new injection system is supplied by Claudius Peters Projects GmbH and two LOESCHE mills LM 23.2 D will be installed to handle …

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