Andrew

Illegal miners push KCM to free copper waste dumps

Illegal small-scale miners operating within Konkola Copper Mines’ area have appealed to government to compel the miner to let go copper waste dumps to avert illegal mining activities. Commonly known as Jerabos, the illicit miners want government to force KCM to discharge overburdened dumps. Martin Kalunga, Chairman of the Big …

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Economic recovery to prop up Puma volume sales

Petroleum outfit Puma Energy is optimistic that recovery signs the country is experiencing will boost the firm’s sales volume going forward. According to the company interim results for the first half of the year, various economic fundamentals have recorded positives. “Despite the down turn in fuel consumption in the industry, …

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EFZ support mines electricity tariffs hike

As dialogue over electricity subsidy extended to the extractive industry drag on, Energy Forum Zambia (EFZ) has challenged miners to compare local tariffs to prices paid in the region. “We are challenging the Zambia Chamber of Mines to bring in public domain tariffs obtained in other countries where there is …

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Lucara completes two capital projects in Botswana

Canadian junior diamond miner, Lucara Diamond has completed Mega Diamond Recovery (MDR) and the Sub-middles XRT capital projects within budget and ahead of schedule at its Karowe Mine in Botswana The new MDR circuit treats material in the size range between 50mm and 120mm and is located directly post the …

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TAKRAF appoints agent in Botswana

Tenova TAKRAF Africa strengthens its Botswana ties with the appointment of a local agent. Global mining, materials handling, minerals processing and equipment supplier, Tenova TAKRAF Africa has appointed Etuba Engineering, as its agent in Botswana. The appointment is expected to support the TAKRAF Africa’s ability to respond to the unique …

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ZCM calls for dialogue to revive mining industry

Zambia Chamber of Mines (ZCM) says the country’s mining industry still has potential to be amongst the most sustainable global. Nathan Chishimba, ZCM president said despite experiencing vast challenges in the past years, regular dialogue will spur the mining industry is to remain sustainable and profitable over the coming years. …

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KCM implements the outsourcing program

Konkola Copper Mines -KCM- has started handing over more than four thousand miners to a private Chinese investor JHX and many others. All the miners at Konkola Shaft three in Chililabombwe have been handed over to JHX under the outsourcing business development model the mine is implementing in a move …

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First Quantum seals Panama copper project deal

First Quantum Minerals Limited (FQML) has acquired a 10 percent ownership interest and shareholder loans in Minira Panama SA (MPSA) which holds the concession for the Cobre Panama project. The concession is located 120 kilometres west of Panama City and 20 kilometres from the Caribbean Sea coast, in the district …

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Medium term outlook for Zambia’s rebounding mining industry

Africa’s second largest copper producer Zambia is on a rebound path to regain its top spot on the continent after being surpassed by the Democratic Republic of Congo – DRC (3) years ago. Zambia’s peak was on the 1972 era when the mines were nationalized. In the period the Southern …

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EMR acquires 80 percent stake in Lubambe Mine

Private equity house, EMR Capital, has bought 80 percent stake in Lubambe Copper Mine in Chililabombwe at a cost of US$97.1 million. EMR is a specialist resources private equity management firm with a proven investment track record spanning over 20 years managing investments of over US$2 billion. Lubambe Mine is …

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