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Zambia’s technical power losses high at 14%; ZESCO and ERB urged to invest in technology that will minimize grid leakages

Zambia Electricity Supply Corporation – ZESCO and Energy Regulation Board – ERB have been urged to invest in technology that will curb technical losses on the power grid. Zambia records technical losses of 14% against the acceptable threshold of 5%, Uni-power Company Trainer said. “Energy losses in Zambia are very …

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Copper price slumps, US dollar strengthens

Copper price on the London Metal Exchange (LME) last week registered its biggest weekly lose with weakness set to extend into this week due to the strong United States (US) dollar. Zambia’s major export earner is expected to trade at about US$4,755 per tonne. Reuters reports that the dollar reached …

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First Quantum Mining propels Zambia’s H1 (YoY) copper productivity 8% higher, full year forecast is 5.4% bullish.

Copper productivity at Kalumbila mine in northwestern province of Zambia Africa’s second largest copper producer Zambia recorded an 8% increase in copper productivity in first half of 2016, Zambia Chamber of Mines said. Zambia’s tonnage increased to 368,366 metric tons from 340,510 metric tons a year earlier. Full year forecast …

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Mbala Power Projects to enhance livelihoods – Zesco

Zesco Limited says completion of its K21 million electricity distribution infrastructure projects in Mbala district will enhance people’s livelihoods since they will now access power to support various developmental projects. In a telephone interview recently, Zesco Mbala area manager, Joseph Kafungu said installation of distribution infrastructure equipment such as sub-stations; …

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ZCCM – IH unleashes major diversification programme

The Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) has embarked on a major diversification programme which will enhance its investment both in the country and abroad, according to sources close to the matter. However the Zambian holding company is still beset with a lot of problems including a running debt with …

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The positive side of Zambia’s energy crisis

Few would disagree that Zambia needs to find sustainable, innovative ways of generating more electricity for both domestic and industrial users, and that this is arguably the most urgent task facing the country. However, what is often less understood is that this energy crunch has a positive side to it, …

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Universal Mining invests K70bn in iron ore plant

  Universal Mining and Chemical Industries Limited is investing K70 billion into mining iron ore west of Kafue, says Dr Julius Kaoma. In a recent interview, Dr Kaoma, who is UMCIL Kafue Steel Plant executive technical director, said the mine would help reduce importation of steel into Zambia. In the same …

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Chinese firm to invest $20m in Kasempa mine

A Chinese firm, Ruida Investment Limited, is expected to invest US$20 million to revamp operations at Jifumpa old mine in Kasempa to start copper production. About 300 jobs are expected to be created by the end of this year at the Jifumpa mine, formerly Kalengwa, which is located about 96 …

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China orders Zambian copper

China has ordered to buy about 1,000 tonnes of copper following the agreement which was signed between the two countries, Small Scale Industries Association of Zambia (SSIAZ) has said. Recently, SSIAZ and the China WTO Africa Affairs Trade Promotion Centre (CWTO) signed an agreement to promote trade and investment between …

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