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Zambia aims to cut power to mines by up to 30%…

Lusaka-Zambia, Africa’s No.2 copper producer, plans to cut power supplies to mines by up to 30% as early as next week, after water levels at its hydro-electric projects dropped due to drought, industry sources said on Tuesday. The plan, still under discussion with the industry, will see state-run power company …

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Expert condemns decision to discard new mine tax regime

FINANCIAL and banking expert Makesa Kalifungwa says Cabinet’s decision to do away with the 2015 mining tax speaks volumes about the lack of direction and policy inconsistencies of the PF government. Last month, President Edgar Lungu directed finance minister Alexander Chikwanda and his mines counterpart Christopher Yaluma to review the …

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Chamber of Mines, manufacturers join hands over equipment

The source of mining equipment continues to be a concern in Zambia especially now with the fall in the value of the Kwacha, the local currency, against the US dollar. Other than those suppliers to the industries have also complained of a drop in contracts fearing that many of them …

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Revised mines Act will guarantee participation of Zambians – Yaluma

“THE revised mines and minerals Act will guarantee participation of Zambians in mining”, says mines minister Christopher Yaluma. Yamula plans to present the revised law to Parliament, which resumes its sitting today.“We have concluded everything and it will be tabled before Parliament,” he said. The revised law was due to be presented …

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Glencore Xstrata ‘flagship’ shaft set for 2016

Part of the shaft being sunk Swiss-based commodity trader, Glencore Xstrata’s planned commissioning of the US$323 million synclinorium shaft at its Nkana operations in Kitwe is earmarked for next year as it seeks to boost production. Mopani Copper Mine, Zambia’s second leading producer of copper and cobalt seeks to increase …

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