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Tag Archives: ZCCM IH

Metorex Chibuluma Mines to spend US$26 million for explorations, official

Metorex Mining Limited, the South African based mid-tier mining group plans to spend over US$26 million to undertake exploration activities at its Chibuluma mine in Zambia over the next two years, says a mine official. General Manager Jack Sikamo said while the company already spent US$12.7 million in strategic capital …

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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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Munali Nickel Mine ‘buy off’ staggers over US$12 million debt

Plans for a 100 percent takeover of the Zambia’s sole nickel mine, a unit of Albidon Zambia Limited may probably take longer than was envisaged because of a protracted US$12 million debt the company owes. According to the Government, the impending sale of Munali nickel mine to a British Company, …

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ZCCM-IH in K275 fillip for gemstones value addition, President Sata

Government seeks to enhance the growth of the extractive industry by taking bold decisions that will benefit the Zambian people from the country’s mineral wealth as adopted by the Government when it ascended to power in 2011. President Michael Sata noted that although there have been some pockets of ‘resistance …

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Maamba Collieries coal output increases two fold in 2013

Coal production at Zambia’s sole producer, Maamba Collieries Limited in Southern Province, more than doubled last year as the company ramps output up to meet demand from various end-users, the company says.  In 2012 production of the heating substance at Maamba Collieries in Sinazongwe, about 350 kilometres south of Lusaka,  …

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Zambia’s Government ‘May’ Reposes Chambishi Metals Mine Plc copper slug Heap

The Government has threatened to repossess the Nkana copper slug heap in Kitwe from Chambishi Metals, a subsidiary of China Non-Ferrous Metal Industry Foreign Engineering and Construction Company Limited, following delays by the miner to develop the structure, Zambia’s Mines, energy and water development deputy Richard Musukwa says.  The Government …

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ZCCM IH Seeks Strategic Partner over Mukandabwe Coal Mine

Zambia Consolidated Copper Mines Investment Holdings (ZCCM IH) seeks an equity partner to revive operations of the defunct Mukandabwe coal mine Limited, lying 420 kilometres South of Zambia to meet demand for the heating product, the company said.  Mkandabwe coalmine is located in mid Zambezi valley lying approximately 17 0 …

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