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Weatherly’s operations remain in limbo

Weatherly International may soon close its doors, as its finances are unable to support its day-to-day operational requirements. As a result of the material uncertainty regarding the company’s operational and financial position, the directors have now appointed Simon Kirkhope and Andrew Johnson of FTI Consulting LLP as administrators to the …

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GoviEx closes C$6 million financing

GoviEx Uranium Inc. has closed a private placement financing of 35,674,911 units at a price of C$0.17 per Unit, with each unit consisting of one class A common share and one Class A common share purchase warrant for gross proceeds of C$6,064,734.87. According to the company, each warrant entitles the …

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CAMINEX to provide latest product showcase

The premier Copperbelt agricultural, mining and industrial trade expo – CAMINEX slated for Kitwe Showgrounds in Kitwe from 5-7 June, and will be showcasing the latest in products, machinery, technologies and services that these and related industries can offer. According to the organisers the event is an important trade platform …

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Katanga Mining – from the frying pan into the fire

Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion. The freezing order was served in the DRC by Ventora Development Sasu, a company affiliated with Dan Gertler and comes just after the local owned mining …

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Young engineers receive Kagem sponsorship

Kagem Mining has offered sponsorship to two young Zambian geology and mining engineering students. “As a leading player in the gemstone sector, we need to encourage professionalism by offering a platform for local professionals to venture into our sector and chart a career,” said Kagem Head of Human Resources Gibson …

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Venkat takes up new job at Vedanta Resources

AngloGold has announced parting ways with Srinivasan Venkatakrishnan, as he steps down from the company’s chief executive officer position. Venkatakrishnan will take up a position at the helm of diversified miner Vedanta Resources, as the new chief executive officer. “The board will search for a candidate with the requisite experience …

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How nuclear technology contributes to society

QUESTION: Zambia has for a long time sought to substantially grow its manufacturing industry. What role can nuclear science play in helping to develop this sector? ANSWER: Global experience has demonstrated that the development of nuclear technology has contributed to substantial technical progress in numerous social and economic fields. The …

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Large-scale Cobalt potential discovered at Nyungu in North Western Zambia

ASX-listed Argonaut Resources has announced preliminary details of potential copper and cobalt production at the Nyungu copper-cobalt deposit in North-western Zambia. The Nyungu copper-cobalt deposit is part of the Lumwana West project, located 65 km south of the DRC border in North-western Zambia. Cobalt deposit Existing drilling by Argonaut has …

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Miners urged to think pipe-work infrastructure sustainability

Polypipe, the UK’s largest and most innovative manufacturer of plastic piping systems has urged miners to have thorough pipe-work infrastructure in place to drive sustainability forward and preserve the environment. This comes at the backdrop that by 2030, water demand is expected to exceed supply in Africa by 17 percent, …

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SA steel industry continue to face challenges

Allied Steelrode recently announced that the fluctuating primary pricing threatens the mettle of South Africa’s steel industry. According to industry sources, much of this can be attributed to the extreme volatility of the primary pricing. “This level of volatility poses an enormous and very urgent challenge to the entire sector,” …

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