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Kalumbila Minerals To Build New Airport In North Western Province

The coming of First Quantum Minerals Limited in the emerging ‘new Copperbelt’ of  North Western ProvinceA has brought with it a ray of hope for the growth of the area, once perceived ‘docile’ and lacking development.  Among other projects underway besides the existing Lumwana, Kansanshi mines, is another project underway …

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Blackthorn Resources Seeks Lower Capital Costs at its Zambian Unit

Blackthorn Resources Limited, owners of Kitumba copper project in Mumbwa says it envisaged a lower than anticipated capital cost of developing the project which it seeks to develop into a full scale mine and produced over 39,000 of copper annually, the company said in its report.  The minerals exploration and …

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Angola Wants Mining To Broaden Its Economic Base

Angola wants its mining sector to become one of the major contributors to the country’s Gross Domestic Product (GDP) and to be one of the most important sources of employment. So asserted Geology and Mines Minister Francisco Queiroz in his address in Luanda on Mineworkers Day, April 27 whose theme …

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Gemfields Prepares for Inaugural Ruby Auction, Reports Sound Quarter

As operations ramp up at its 75%-owned Montepuez ruby deposit in Mozambique, Aim-listed Gemfields is preparing for its inaugural ruby auction in Singapore in mid-June. “Gemfields is pleased to report on another sound quarter [to March], which has seen further progress at the Montepuez ruby deposit. Bulk-sampling operations continuing to …

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Gemfields doing ‘De Beers-equivalent’ in emeralds – Pallinghurst

 London-listed coloured-gemstones mining and marketing company Gemfields, which Pallinghurst chairperson Brian Gilbertson says is doing for emeralds what  did for diamonds, is now aspiring to repeat the performance in rubies. Gemfields, in which the resources fund of the JSE-listed diversified mining company Pallinghurst has a 38% holding, is rolling out …

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Queensland Bauxite Buys into Mozambique Coal Licences

 Australia Stock Exchange -listed Queensland Bauxite on Tuesday announced that it would buy an interest in two Mozambique coal exploration licences in the Zambezi basin, close to majors such as Vale and Rio Tinto. The junior said it had signed a binding term sheet with Australian unlisted company Regius Coal …

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4th Zambia International Mining & Energy Conference & Exhibition

24-25 June 2014, Lusaka, Zambia www.ZIMECZAMBIA.com Lusaka, March 2014 – Organised by AME Trade in association with the Ministry of Mines, Energy and Water Development and the Association of Zambian Mineral Exploration Companies  Zambian business environment), ZIMEC is now in its fourth edition. The 2013 edition attracted 482 participants and …

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Civilstruts to buy off Collum Mine assets

CIVILSTRUTS Consortium Limited, an indigenous Zambian firm, has agreed to buy off all core mining assets of the Collum Coal Mine. According to an assumption of debt agreement signed between Civilstruts Consortium Limited and Collum Coal mining industries Limited on February 22, 2014, Civilstruts agreed to acquire 100 per cent …

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CEC happy with revocation of SI 33

COPPERBELT Energy Corporation says the revocation of SI 33, which banned the use of foreign currency in local transactions, will help expedite sourcing of finances for the Kapombo Hydropower project. Copperbelt Energy Corporation managing director for operations, Owen Silavwe, said revocation of Statutory Instrument 33 would ease some of the …

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