The Chamber of Mines has condemned the new law compelling mining companies and other bulk cargo firms to transport at least 30% of their freight by rail. According to miners, the legislation is ‘economically inappropriate and unworkable’ Brian Mushimba, transport minister said the law was meant to revive the rail …
Read More »Africa’s mining sector rebounds from uncertainties
With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba Managing Director Alex Grose. This renewed investor interest suggests that the African mining sector is …
Read More »Cement plant compensate displaced families
ZCCM Investment Holdings has announced plans to build 47 houses for displaced people in Masati district on the Copperbelt. The Group is expected to spend K 108, 000 on each households displaced to pave way for the factory area. the development comes as, ZCCM-IH is constructing a US$600 million dollar …
Read More »CEC celebrates 10-year listing on LuSE
Plans to raise funds for future expansion coupled with deliberate efforts to boost share ownership by Zambians in CEC saw the company list on the Lusaka Securities Exchange, ten years ago. The company planned to spend $40.5 million on infrastructure upgrades over the next seven years after signing two loan …
Read More »CEC boosts Kitwe’s fight against cholera
As part of its contribution to the City’s clean up exercise, CEC has donated various materials to the Kitwe City Council. Totaling over K220, 000.00, the donation is timely, in the wake of the cholera outbreak in Lusaka and other parts of the country. The first donation, a response to …
Read More »Competition in African gas sector heightens
Slow development of gas economy in South Africa may push investors into other investment addresses. Wayne Lindecke, engineering consultant WSP power generation director said developers may focus their attention on other parts of Africa or other parts of the world where similar opportunities exist if South Africa does not speed …
Read More »Regulatory vagueness cast shadow over South Africa
The controversial Reviewed Draft Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, also known as Mining Charter III has led to low investor confidence and continuing breaches of trust between government and industry, resulting in declining constructive engagement. Amid lingering political uncertainty, the charter and …
Read More »Jubilee buys 29% stake in BMR
Jubilee Metals Group has acquired a 29.01% interest in the enlarged issued share capital of BMR Group for £500 000 cash. The acquisition increases Jubilee’s interest in the Zambian Kabwe project to 57.41%, subject to Jubilee’s election to execute the Kabwe project. “The acquisition secures Jubilee the right to a …
Read More »Respirable silica dust long-term exposure health effects
If you decide to take a walk along a sandy beach, you will be walking on millions of particles of crystalline silica, one of the most common minerals and an important element in the glass and ceramic industry. While it exists in nature mainly as quartz, silica is also used …
Read More »Cobalt expected to be in short supply as battery metal demand grows
Analysts have suggested that cobalt will be the battery metal with the tightest supply/demand fundamentals in future. The demand for cobalt is being driven by the continued growth in the electric vehicles sector, which is resultantly driving the demand for this coveted metal. In light of the future fundamentals of …
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