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Global zinc market to grow

GlobalData’s latest report has forecast that between 2019 and 2022, global zinc supply is expected to grow at a compound annual growth rate (CAGR) of 3.8 percent, to 15.7Mt  in 2022. Simultaneously, the gap between demand and supply is expected to narrow and eventually the market will move into a …

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Cummins Inc. celebrates centennial year

The Fortune 150 listed company, Cummins Inc. is celebrating its 100th year as a company throughout 2019. With employees over 60 000 worldwide and serves customers in nearly every country across the globe, Cummins products range from diesel and natural gas engines to hybrid and electric platforms, as well as …

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Stanbic sends high-profile delegation to Indaba

As part of efforts to signal its commitment to back the mining sector, Stanbic bank is sending a high profile delegation to the upcoming Mining Indaba. “Mining matters to the people of Zambia. It is the country’s largest exporter, its largest taxpayer and largest private sector employer,” said Leina Gabaraane, …

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Mantashe opens 2019 Mining Indaba

South Africa’s mineral resources minister Gwede Mantashe is billed to open the 25th  Annual Investing in African Mining Indaba. The event is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining. According to the organisers government will engage delegates on South Africa as a …

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Vendata Zambia assures progress and job security

Vendata’s Zambian unit is among the list of mining companies to have negated plans of laying off workers due to the recently introduced tax regime by the Zambian government. According to reports in the media, Vendata will proceed with the intended expansion procedures despite increased mining royalties presented by Africa’s …

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 More mining houses board on job preservation

Luanshya Copper Mines (LCM) is yet another mining firm that has agreed to not laying off any employees due to the new tax regime. According to Zambia Reports, First Quantum Minerals has also announced that it will not be laying off workers in response to the new tax system. Mineworkers …

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Ramaphosa, Akufo-Addo billed to speak at Mining Indaba

President Cyril Ramaphosa is billed to speak at Mining Indaba 2019, slated for beginning of next month. Organisers of the annual mining jamboree said President Ramaphosa is set to bring his investment agenda to the landmark 25th Anniversary Indaba. As one of the driving forces behind South Africa’s historic economic …

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Manganese mine license revoked

Following the recent mine incident involving three juveniles buried alive in the Manganese mine in Samya, the Zambian government has withdrawn the mining license from the owners. The Zambia Algamented Mineral group owners are both of a South African and Zambian nationality. Mines Minister Richard Musukwa announced that both will …

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Orinoco Gold, AngloGold Ashanti starts work in Brazil

Orinoco Gold has announced that it has just started working with AngloGold Ashanti on establishing an in-country joint venture entity in Brazil. This comes both companies confirmed the original terms of an earn-in agreement signed back in 2017. According to a statement from the companies, the undertaking should be completed …

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Mopani Ltd applauded for Job conservancy-EAZ

The Economics Association of Zambia (EAZ) has applauded Mopani Copper Mine Ltd for not laying off any mine workers prior to the newly introduced mining tax regime. EAZ acclaimed Mopani for the mature step taken to engage in a beneficial dialogue with government as a show of its commitment to …

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