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Vedanta oppose winding up

Vedanta Resources is strongly opposing appointment of the provisional liquidator and winding up of Konkola Copper Mines (KCM). The company said neither KCM nor Vedanta Resources was notified of the application and accordingly neither had an opportunity to participate in the hearing. Last week, ZCCM Investments Holdings (ZCCM-IH), a state-owned …

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Kouri Project underway in Burkina Faso

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

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Canadian Lucara extracts a massive diamond in Botswana

The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …

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Africa’s first gold trading platform launched

Sawa Minerals,a tech-driven company has created and launched a platform that will transform how gold is mined and sourced across Africa and the developing world. The platform has been designed in such a way that it is easy to buy ethically mined gold from artisans and small scale miners (ASM) …

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Angola’s diamond industry makeover underway

The Angolan government aired out plans of refurbishing the diamond sector as being in progress. Speaking at a conference on the re-organising of oil and gas, Diamantino Azevedo Angolan Minister of Mineral Resources and Oil stated that the diamond sector will undergo similar changes to the oil sector. With the …

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Bangweulu Power plant

The President of the Republic of Zambia, Edgar Chagwa Lungu commissioned the first ever large scale solar plant in Zambia. The 54 Megawatts Bangweulu Solar power plant located in South of Lusaka was constructed a a cost of US$56 million. The Bangweulu solar power plant currently has 453, 000 solar …

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Power generation reduce at Kariba

The decreasing water levels at Kariba Dam has decrease plunged electricity generation for both Zambia and Zimbabwe, the local utility company has announced. The two countries’ joint technical committee report issued has indicated the levels of water dropping to 43 percent of the dams’ capacity. Henry Kapata, Zambia Electricity Supply …

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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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Botswana’s Coal in preparations for trade in March

The Masama Coal Mine which is Botswana’s first privately owned coal mine is scheduled to produce its first profitable coal in March. According to reports in the media, the Minergy Chief Executive of the company overseeing the project, Andre Boje alleged that the mine aims to produce 1.2 million tonnes …

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Construction of the Multi-million dollar Hydro-power stations in Kawambwa to start in March 2019

Construction of the US$770 million Kabwelume and Kundabwika hydro power stations and a transmission power line is scheduled to start in March 2019. When completed and fully operational, the two hydro power stations will generate a total of 163 megawatts (MW). The two projects, which will be undertaken by the …

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