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Jubilee Metals licence reinstated

New minister of Mines and Minerals has reinstated Jubilee Metals Group’s mining licence for the Kabwe project. In a previous announcement project operator, BMR Group reported that they received a letter from the Mining Cadastre Department of Zambia. Government had terminated the mining right of the Kabwe operation in February …

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Weatherly’s Kitumba acquisition on track

Weatherly recently announced that it has received a letter from Intrepid Mines Limited requesting an extension of the backstop date. The two parties were expected to work on concluding the deal by the 31 March 2018. Following the passing of the backstop date, Intrepid have requested an extension to 30 …

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KCM, Government, workers mend relations

Konkola Copper Mines has announced intentions to bridge information and expectations gap that currently existing between the mine, the workers, the Unions, the local contractors and government. The company operates Copper mines in Chingola and Chililabombwe. Steven Dinn, KCM Chief Executive Officer said that the meeting was a start of …

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Zambia has a new mining minister

The Zambian President, Edgar Lungu has  appointed a new mining minister in a  recent cabinet reshuffle that included several changes to other government ministries. In a press release by the government of Zambia, Patriotic Front Parliamentary Chief Whip Richard Musukwa has been named the new Minister of Mines and Minerals …

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Banks must support the mining sector – Gabaraane

Stanbic Bank Zambia says mining is an expensive business that needs stable long-term support from the financial sector. Speaking at the Mining Indaba recently Leina Gabaraane is Chief Executive of Stanbic Bank Zambia further said growing any business needs capital both for asset investment and day-to-day expenses. And the mining …

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Yaluma wants more transparency – new mining policies due in May

Christopher Yaluma has reiterated commitment to dialogue, cooperation and consultation with mining industry stakeholders. Speaking at the ongoing Mining Indaba with Mining for Zambia, Yaluma said the common goal must focus on increasing production. “We could grow our annual production to 1 and even 2 million tonnes if we engage …

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TAZARA to hire 5 mainline locomotives

In an order to boost haulage capacity to meet the huge demand anticipated by the new Railway (Transportation of Heavy Goods) Regulation that was recently passed by the Zambian Minister of Transport, the Tanzania-Zambia Railway Authority (TAZARA) has dispatched an engineer to South Africa to conduct a due diligence on …

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Miners, government head for a deadlock

The Chamber of Mines has condemned the new law compelling mining companies and other bulk cargo firms to transport at least 30% of their freight by rail. According to miners, the legislation is ‘economically inappropriate and unworkable’ Brian Mushimba, transport minister said the law was meant to revive the rail …

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Cement plant compensate displaced families

ZCCM Investment Holdings has announced plans to build 47 houses for displaced people in Masati district on the Copperbelt. The Group is expected to spend K 108, 000 on each households displaced to pave way for the factory area. the development comes as, ZCCM-IH is constructing a US$600 million dollar …

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CEC celebrates 10-year listing on LuSE

Plans to raise funds for future expansion coupled with deliberate efforts to boost share ownership by Zambians in CEC saw the company list on the Lusaka Securities Exchange, ten years ago. The company planned to spend $40.5 million on infrastructure upgrades over the next seven years after signing two loan …

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