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DR Congo, Guinea others join EITI

Mineral-rich Democratic Republic of Congo and Guinea are among the new countries that have joined the Extractive Industries Transparency Initiative (EITI) as full members after compliance of the agency’s set rules. DR Congo joins among other African countries, Zambia in the initiative to remain transparent in its dealings on minerals including ensuring …

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“Use mining revenue to improve social sector,” says United Kingdom

“African Governments and mining companies that they host should co-exist in ensuring that the revenues realised from mining activities are translated into improving people’s welfare,” a United Kingdom official says. Lynne Featherstone, the United Kingdom’s Minister for International Development urged mining companies and African governments to ensure that mining revenues helped to …

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ZCCM IH shareholders to earn more

Zambia Consolidated Copper Mines Investment Holdings-ZCCM IH share earnings are forecast to rise 34 percent higher than the six months ending 31 March last year as total number of shares in issue almost doubled. Stockbrokers Zambia, the agents for multi listed holding mining company, in a cautionary notice to shareholders …

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