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North Western Railway cheers Lumwana Mine

“Anything that will ease our transportation of concentrates and other mineral related products to refineries is welcome including the North Western Railway line planned for North Western Province,” says Lumwana Copper Mine, one of the beneficiaries of the US$1 billion-worth infrastructure. The construction of the liner, to be jointly developed …

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KCM relocates 402 Chingola squatters

Vedanta Resources Plc, owners Konkola Copper Mines, a Zambian unit, has asked over 400 squatters living on a mine land and has disbursed K588, 000 to those farming in the same area earmarked for mine expansion. The 402 residents who have encroached in Chabanyama area in Chingola, one of its …

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Environmentalists halt oil Exploration in DR Congo national park

As concern grows over the continued environmental degradation globally, Zambia included, concerned activists have taken one more hindrance step in Africa’s fifth largest country-Democratic Republic of Congo. The Democratic Republic of Congo has halted oil exploration in the Virunga National Park, Africa’s oldest UNESCO-protected national park after global environmental activists …

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Debate on mining taxation under SI 89 continues

As Zambia seeks to raise enough revenue to meet various financial obligations including infrastructure development, renowned economic analysts contend the policy deprives the treasury of resources. The Statutory Instrument (SI) number 89, which demands Government slapping a 10 percent export levy on copper concentrates by mining companies to allow maximising …

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Don’t nationalize KCM, says International Monetary Fund

After lengthy debate by various economic players within and outside Zambia, the International Monetary Fund has added its voice to appeals by the Government not to nationalize Konkola Copper Mines despite its shortcomings in recent years over its operations. In recent years, KCM, one of Zambia’s main copper and cobalt …

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Mopani Copper Mine smelter upgrade completed ahead of schedule

  The mining company has since taking over the unit pledged to cut down the emissions from the smelter a gas which will now be converted into production of acid which the company seeks to maximize in its production unlike releasing to the atmosphere. The completion of the upgrade programme …

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ZIMEC returns to Zambia, attracts over 230 participants

                                                                                                                                                                               The Zambia International Mining and Energy Conference (ZIMEC) returns to the capital, Lusaka with an initial attraction of more than 250 delegates and exhibitors indicating their participation in the two-day Indaba. This year’s indaba being held under the theme, “Securing Zambia’s growth by ensuring the sustainable development of its …

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CBM-TEC EXPO PUTS COPPERBELT ON THE MAP

By Esnala Banda  The launch of the Copperbelt Mining Trade Expo & Conference (CBM-TEC) in Kitwe which took place from 28th – 29th April was a huge success attracting more than 1600 visitors. Program director Nicole Smith expressed that expectation for the conference were greatly exceeded as the expo attracted …

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LOW KCM OUTPUT SOURS VEDANTA

LOW copper output at its Zambian unit Konkola Copper Mines (KCM) in Chingola has cost Vedanta Resources an 8.5 per cent drop in annual copper earnings on the global market. According to the global miner’s latest preliminary market report released this weekend, KCM recorded a slump of 19.2 per cent …

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MINING FIRM BLACKTHORN RESOURCES TO KICK-START KITUMBA COPPER PROJECT

THE Australian owned mining conglomerate Blackthorn Resources, this year intends to commence a Definitive Feasibility Study (DFS) on the Kitumba copper project located in Mumbwa, Central Province. Blackthorn Resources chief executive officer Mark Mitchell said in a statement that the company will fund the DFS, with focus on priority exploration …

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