Christopher Sheppard, the Chief Executive Officer of Zambia’s Konkola Copper Mines (KCM), a unit of diversified miner Vedanta Resources, said the company has closed part of its open-pit mine as a portion of the pit is about to collapse KCM predicted that part of the Nchanga Open Pit in Chingola …

Despite being one of the smallest provinces the Copperbelt province is faced with enormous deforestation and forest degradation challenges attributable to being one of the most densely populated provinces. This sad state of the natural environment has caught CEC’s eye and, consistent with its values, the Company is doing something …

Trident Resources has acquired a gross revenue royalty (GRR) over production from Moxico Resources’ Mimbula copper mine, in Zambia, as well as over associated stockpiles, for $5-million in cash. Trident is entitled to royalty payments on production starting from July 1 and extending in perpetuity. Moxico is a private company, which is rapidly …

When I last visited Zimbabwe, Zambia and Botswana, I was horrified by the dreadfully long queues of heavily laden trucks waiting to cross through border posts. I chatted to a few of the truck drivers and they complained bitterly about their long waits. It’s simply nonsensical and a gross brake …

Arc Minerals has resumed its second season of exploration activities at its Zamsort and Zaco licence areas in north-western Zambia. Diamond drilling activities will resume over the Fwiji target, where the company already defined the target area through previous exploratory works. Follow-up work at a number of the other target …

Diversified miner Glencore made payments of $7.7-billion to the governments of countries in which it operates in 2019. This includes $96.6-million paid to the South African government in taxes, royalties and other payments. It paid Argentina $21.6-million, Australia $1.6-billion, Bolivia $10.9-million, Cameroon $5.3-million, Canada $51.4-million, Chad $88.6-million, Chile $235.6-million, Colombia …

Sandvik Mining and Rock Technology believe that as a responsible and engaged global corporate citizen, it is critically important to contribute to and have a positive influence in the communities where they are active. The ongoing COVID-19 pandemic poses unique challenges to communities, which is why Sandvik in Zambia have …

First established in March 2000 for a period of 20 years(until March 2020) Payment in US$ to be paid offshore to CEC in London Initial obligation for CEC to meet a maximum demand of 250MW with an escalation of up to 300MW provided KCM did not purchase the Nkana Smelter …

I have learnt that ZCCM-IH has decided to dissolve Ndola Lime and form a New Company out of the assets called Limestone Resources. Ndola Lime was practically insolvent; it had liabilities of more than K1bn (accumulated over the last 8 years). This is a company at its best was bringing …

The Zambian mines ministry has disclosed that mineral exporters deliberately submit low-grade samples to the state laboratory, causing an undervaluation of mineral exports and depriving the government of mineral royalty tax revenue. Mines ministry officials said starting next month, it will personally collect samples from mine sites around the country …