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African Mining Indaba 2014 implored to resolve Continent’s ‘Crunching’ Problems

The 20th International Mining Indaba should endeavor to resolve various challenges besieging countries with mineral wealth, Zambia inclusive, to benefit the people, says British Charity, Oxfam. Keith Slack, Oxfam Global Program Manager for Oxfam America’s Extractive Industries team wrote his visions ahead of the conference which goes underway Cape Town, South Africa …

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Zambia’s Government ‘May’ Reposes Chambishi Metals Mine Plc copper slug Heap

The Government has threatened to repossess the Nkana copper slug heap in Kitwe from Chambishi Metals, a subsidiary of China Non-Ferrous Metal Industry Foreign Engineering and Construction Company Limited, following delays by the miner to develop the structure, Zambia’s Mines, energy and water development deputy Richard Musukwa says.  The Government …

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Dialogue with mining companies on policy Changes to develop sector, EITI urges Zambia

Zambia should act cautiously when implementing policies intended to maximize returns on its mineral wealth and avoid stifling high productivity of the red metal, the Extractive Industries Transparency International says.  The EITI notes that while Zambia seeks to ‘recoup’ resources that have not been realized over the years, given various …

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KCM Cites reasons for late payment of wages for employees

Konkola Copper Mines, a unit of Vedanta Resources Plc, has cited challenges faced by some commercial banks in Zambia as reason for delays in paying its workers monthly wages, local media reported. The delays are caused  through some banks’ internal arrangements including the inward and outward clearing of cheques are …

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‘Approved’ Construction of Kangaluwi Mine in National Park Raises Dust

Pitted differences between 100 Civil Society Groups and the Zambian Government have arisen following an approval for the construction of a new copper mine in Lower Zambezi National Park.  Recently the Government approved the construction of Kangaluwi copper mine in lower Zambezi national part, a decision the civil society groups …

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Maximize on Resources from Mining, IMF urges Zambia

The Brettonwood institution and global lender, International Monetary Fund (IMF), has regretted that the mining and copper sector in Zambia has remained dormant despite its potential to be the country’s major foreign exchange earner and bolster infrastructure development. Deputy IMF director for Africa David Owen noted that despite the mining …

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Zambian Mining Magazine signs Media agreement with Copperbelt’s Trade Expo

The Zambian Mining magazine and Specialised Exhibitions have entered into a media partnership during the Copperbelt Mining and Trade Expo and Conference earmarked for Kitwe in April this year. The trade and expo conference, which has attracted more than 1,500 mining experts globally, will be held in Kitwe, Zambia’s oldest …

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First Quantum Minerals Limited Copper output in Zambia rises four percent

Copper production at Kansanshi Mine Plc, a unit of Canada’s First Quantum Minerals Limited (FQML), rose four percent to more than 250,000 tonnes of copper in 2013, signifying a growth rate compared to a year earlier, the Times of Zambia reported.  The miner, with copper and gold production reputation produced …

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‘Thumbs Up’ for Zambia’s Energy Corp Shareholders’ Rights Offer

Lusaka Stock Exchange approved an application by Copperbelt  Energy Corp., shareholders,  to buy more shares (Rights Offer) in their company to increase their stakes, following a declaration made in December last year. The shareholders want to purchase 625, 000, 000 new shares in addition to the existing 1,000, 000, 000 …

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Barrick’s Lumwana Miners in Zambia get 11 percent wage rise

MORE than 1,000 unionised workers at Lumwana Copper Mines,a unit of Barrick Gold Limited have received an 11 percent wage increase with immediate effect, the Zambia’s mining union’s general secretary Joseph Chewe says. The upward adjustment for the miners, which comes into effect immediately has been the fruits of protracted …

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