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Recent News

Zambia to end power tariff subsidies for big firms

Zambia’s government will stop supplying cheap electricity to large industries as Africa’s second largest copper producer battles a costly power shortages. The move away from subsidised electricity tariffs for large consumers will happen immediately, while state utility Zesco will source energy from private producers to plug the deficit, government spokesperson …

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Government may fail to collect enough tax from mines in 2015 – EAZ

THE Economics Association of Zambia says there may not be enough mining tax revenue collected by the government this year because the sector is grappling with low copper prices and production.Copper prices on the international market have this year been steadily declining, now trading at around US$5,165 down from over …

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Gemfields lifts FY output

Aim-listed Gemfields’ 75%-owned Kagem emerald mine, in Zambia, delivered 8.1-million carats of emerald and beryl in the quarter ended June 30, lifting output for the full 2015 financial year to 30.1-million carats of emerald and beryl. This was comparable with the 6.2-million carats of emeral and beryl produced in the fourth …

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3000 KCM jobs on the line as the mine suspends operations at the Nchanga underground unit

KONKOLA Copper Mine Plc has written to its workers at Nchanga, informing them that the Chingola-based underground mine will be put on care and maintenance with immediate effect. According to a letter addressed to the employees, KCM stated as follows: “This information must be communicated to all staff by Friday …

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Mopani aquires Condra sinclinorium headgear cranes

Condra has completed load tests on two 25-ton headgear cranes manufactured at the company’s Germiston works for Mopani Copper Mines’ Sinclinorium shaft. The tests were witnessed by a representative from Mopani Copper Mines (MCM) during June ahead of delivery this month to the Nkana Mine, in Kitwe, where the new …

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Mopani mine accident rescuers retrieve machine, no bodies

RESCUE workers at Mopani South Ore Body have retrieved the machine  that was being used by the four miners who died underground last week. The search for the bodies of the affected miners still continues, although some body parts were found last week. Copperbelt minister Mwenya Musenge said yesterday that …

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South African power utility Eskom says open to coal imports for new power stations

South African power utility Eskom is open to importing coal for plants it still plans to commission, a coal conference heard on Tuesday. Willem Theron, business development manager of Eskom’s southern Africa transmission group, said the state-run utility planned to install an additional 6 250 MW of coal-based power after …

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Company introduces new mining service vehicle…

The new Pirtek mining service vehicle complements the current fleet of mobile service vehicles in the Northern Cape operating from Kathu, Postmasburg and Upington Fluid transfer solutions and on-site repairs provider Pirtek Northern Cape has introduced the first dedicated Pirtek mining service vehicle onto the South African market. The new …

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Kalumbila Mine to create over 1,500 jobs

KALUMBILA Minerals Limited general manager Damien Marantelli says the mine will create more than 1,500 direct jobs at full production. According to Marantelli, more jobs would be created through support services by contractors as well as investors in the new Kalumbila town, where 500 housing units, out of 600 built …

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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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