All Ndola Lime company employees are set to be jobless effective 31st July as the company reportedly issued an internal retrenchment notice. According to a source, a memorandum signed by the interim business rescue administrator, Stephen Bwalya, employees will receive letters of retrenchment together with computations of amounts due to …

The Zambia Chamber of Commerce believes that the government’s attempt to force Copperbelt Energy Corp (CEC) to open up its infrastructure to other power producers has dented the country’s image as an investment destination. Energy Minister Matthew Nkhuwa issued a decree last Friday compelling CEC to allow others to transmit …

The expectations and priorities of a modern-day investor in the mining sector have significantly changed in line with global demand for more responsible and sustainable extraction of mineral resources. ESG, referring to the performance of investment portfolios against Environmental, Social and Governance (ESG) standards, has firmly established itself across the …

Despite the short-to-midterm challenges of the global pandemic, the biggest challenge for multinational mining companies over the next decade will be responding to investors’ growing focus on environmental, social and governance (ESG) issues. As a focal point of how seriously the extractives industries are now taking ESG investing, over the …

The announcement of a prolonged shut-down across many major African countries as a measure to contain the spread of COVID-19 could have dramatic negative effects on the economy of the entire continent. Africa’s GDP is largely driven by Small and Medium Enterprises (SMEs) and the informal sector that accounts for …

As the mining firm commits to ensuring its operations continue so in an environmentally responsible manner First Quantum Minerals has continued to call for recognition of effective environmental management programmes for mining operations, which should strive for the protection of the ecosystem, add value to local biodiversity and safeguard Zambia’s …

First Quantum Minerals (FQM) paid over K7 billion in taxes and royalties to the Zambian government in 2018, representing almost 40 per cent of total payments made by the extractive industry, cementing its position as the nation’s largest taxpayer. The 2018 Zambia Extractive Industry Transparency Initiative (ZEITI) report published this …

Integrating sound environmental, safety and social management practices into mining operations is a huge challenge for the industry, but Kachiwala Sapalo, the new environmental manager at First Quantum Minerals Kalumbila Minerals subsidiary, is determined to help leave a legacy of meaningful environmental and social performance at the mine, which is …

The Policy Monitoring and Research Center (PMRC) notes that Zambia’s mining industry has not been spared by the pandemic and says it is vital that the government put in place a fiscal regime that will attract investment vital in the post-COVID-19 era. The local think tank believes the fiscal regime …

Senior Manager-Corporate Affairs of Zambia’s utility power company, ZESCO,Dr John Kunda has confirmed that the firm has started the supply of power to Konkola Copper Mine on negotiated commercial terms effective 1st June, 2020. By implication, this confirmation from Zesco means that the Copperbelt Energy Corporation – CEC statement released …