Evans Mumba

Revitalizing economic ties top of agenda at the UK-Africa summit

African Development Bank President Akinwumi  Adesina is expected in London for the UK-Africa Summit, an investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ The summit is being convened by Prime Minister Boris Johnson and kicks off on January 20th . According to a statement, a …

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Maamba collieries power generation back to full capacity despite lack of funds

MAAMBA Collieries have confirmed that they are now running at their full capacity despite facing financial challenges. The 300 MW coal-fired power plant has resumed full capacity operations and is supplying the full contracted power to ZESCO. The country’s largest independent power producer is now supplying almost 25 per cent …

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Canada’s First Quantum weighs $1bn Zambian copper mine expansion

Canadian miner First Quantum Minerals is weighing an investment of around $1-billion to lift output at Africa’s biggest copper mine in Zambia, a company document seen by Reuters showed. The investment would add a decade of life and head off production declines at the Kansanshi copper mine, increasing annual production …

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Kagem host another triumphant auction

Kagem Mining recently hosted a successful auction of emeralds from Lufwanyama Mine, this week. The 34th auction since UK-based Gemfields acquired 75 percent of Kagem in July 2008 was held under the watchful eye of Ministries of Finance and Mines and Minerals Development. While the sale of high quality gemstones …

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Copper is a modern metal, says Barrick Gold

Canadian mining company, Barrick Gold looks to expand on their copper industry as they believe the metal is strategic, modern and irreplaceable. Barrick Gold is the owner of Lumwana Copper Mine in Zambia. According to their CEO, Mark Bristow, Barrick is on the lookout for growth in the copper industry …

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Africa Must Benefit the Most from Mineral Wealth

President Cyril Ramaphosa says the time has come for Africa to benefit from its mineral wealth and be a producer of value-added goods. The President made the impassioned plea during the opening ceremony of the second Africa Investment Forum at the Sandton Convention Centre in Johannesburg. Approximately 2 000 delegates …

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Empire Cat donates truck for raffle

Empire CAT of Phoenix, AZ, has donated a 2020 GMC Sierra 2500 SLT Diesel truck valued at $70,000 as the grand prize for the Society for Mining, Metallurgy & Exploration Foundation (SMEF)  Benefit Truck Raffle. The proceeds are to support critical education, outreach and professional development programs for SMEF. “Empire …

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Terex Trucks focuses on Benelux growth

With the economy and the construction sector set to grow at a steady speed in Belgium, the Netherlands and Luxembourg over the next few years, Terex Trucks is expanding its operations and bringing its TA300 and TA400 articulated haulers to even more customers throughout the region. The Benelux region is …

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Zambia headed to CIIE 2019

The Zambia Development Agency (ZDA) is facilitating for some Zambian firms to showcase their products at the scheduled 2019 China International Import Expo (CIIE). The China International Import Expo is providing a platform for firms to show case their products, network with a large constituent of international buyers and sellers …

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Government pledges to alleviate load-shedding, commits to settle Maamba collieries bills

The government has pledged to alleviate the country’s problematic load shedding issue by committing to settle the bills it owes Maamba Collieries. Maamba Collieries has been receiving continuous shortfall in monthly payments from ZESCO ever since the company started supplying power in August 2016. This development impacted significantly on the …

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