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Vandalism for Konkola to suspend operations

Konkola Copper Mines (KCM) has suspended operations at its Nchanga Mine following acts of vandalism. Shapi Shachinda, Konkola Copper Mines Manager for Public Relations and Communications on Wednesday told media that the criminals cut a high voltage electricity cables disrupting operations. The criminals stole at least 9 high voltage copper …

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Mozambique cuts power supply to ZESCO

Mozambique’s power utility company EDM has cut electricity supply to ZESCO over the past seven months, to recover a $100 million debt. Geta Remigio Manuel Percy, EDM’s director of Economy and Finance told Zitamar News that EDM stopped supply to ZESCO last December for lack of payment after debts which …

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Rising copper demand to benefit copper mines

As copper prices rise from the 2015 slump to reach highs of $6000 a tonne, analysts are optimistic the trend will continue. Investment research houses like Citi Research and Goldman Sachs have issued bullish reports on copper this year – with Citi predicting the price will hit $7 000 a …

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Minerals, metals demand to rise

World Bank says aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium demand is expected to rise, as the world works towards commitments to keep the global average temperature rise at or below 2°C. In a report ‘The Growing …

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Government invest in cement plant to diversify economy

Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and Sinoconst are to build a $548-million cement plant in Ndola. The development is part of efforts to diversify the economy and reduce reliance on the country’s economic mainstay copper mining. President Edgar Lungu said the two companies will raise financing for the project …

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