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Stanbic calls on collective drive for growth

Stanbic Bank has geared up to join forces with mining companies to develop the full potential of the country’s extractive industry. The bank made the promise at its annual Economic and Mining Roadshow in the North-Western and Copperbelt provinces. According to the bank, the engagement brought together various players from …

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CEC warns of growing power demands

Zambia’s growing has triggered an increase in demand for resources such as energy, CEC has announced. Silvester Hibajene, CEC’s Head of Government and Investor Relations said that Southern Africa would require at least 65,000MW of available installed power generation capacity by 2022 to power industry. He further said with an …

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CAMINEX prop up Copperbelt economy

Zambia’s premier Copperbelt agricultural, mining and industrial trade expo – CAMINEX slated for June will showcase the latest – products, machinery, technologies and services. CAMINEX supported by government and industry associations is considered an important trade platform, “It attracts thousands of industry professionals keen to come together in one location …

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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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