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KCM plans to lay off more miners-MUZ

Konkola Copper Mines (KCM) is planning to shed off more workers despite having laid off hundreds last year, the Mine Union of Zambia (MUZ) has revealed. But Mines Minister Christopher Yaluma has said Government would not allow KCM or any other mining company to lay off workers without giving proper …

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Power outages force closure of Chambishi Copper smelters

Chambishi Copper Smelter has shut down its Anode and Reduction furnaces due to electricity shortages. In an interview after mines minister Christopher Yaluma toured the plant, CCS deputy manager in charge of Safety Health and Environment Robinson Mubita said the power the processing plant was receiving was not sufficient and …

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FQM commits $50 million for Chingola-Solwezi road repairs

First Quantum Minerals has committed US$50 million next year for longer-term repairs on the Chingola-Solwezi road as part of the public-private partnership. In a statement, FQM head of government affairs John Gladston said the mine is spending US$2 million on stabilising the 180 kilometre road before the onset of the …

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Murray & Roberts completes sale of infrastructure and building businesses

Murray & Roberts has entered into an agreement with Firefly Investments for the sale of the Murray & Roberts Infrastructure and Building Platform (MRIB) for R314 million. Firefly Investments represents a consortium led by Southern Palace, a black-owned industrial group, which includes the Government Employees Pension Fund (GEPF) and members …

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The time to invest is now

Will Zambia be ready when the copper price recovers? Being unprepared for the coming upswing in metal prices is the number one risk facing global mining – and copper mining in particular, says Ernst & Young in its annual risk report, Business risks facing mining and metals: 2015-2016. That’s according to …

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