Electrical crane materials and flexible cables supplier Powermite has appointed FS Musonda Trading, in Kitwe, the Zambian agent for its materials handling product offering. It is important to have a local representative in the country looking after South Africa-based Powermite’s interests, Powermite director Donovan Marks said recently. “We are regularly looking for …
Read More »Bell Equipment benefits from after sales market
Earthmoving equipment manufacturer Bell Equipment’s Zambian operation is benefiting from good demand for after-sales support amid the country’s tough economic conditions. “We have had success with our ReMan re-power programme through which complete rebuilds of articulated dump trucks (ADTs) are undertaken to provide a second life for equipment at reasonable …
Read More »Zambia in eye of self-imposed economic storm
Zambia’s growth is projected to slow to 2% this year, reflecting a decline in mining sector activity, owing to policy uncertainty and the ongoing drought’s impact on the production capacity of the country’s hydropower plants, according to a press release published by the International Monetary Fund (IMF) last month. International …
Read More »Courting sales tax – the dangers and opportunities for Zambia
If the controversial sections of Zambia’s Sales Tax Bill are not removed to adopt an orthodox sales tax regime complying with the known principles of a modern tax system, it will be in the public interest to continue with the current value-added tax (VAT) regime with variations that address government’s …
Read More »Anglo American faces lawsuit for poisoning Zambia’s Kabwe town
Anglo American is facing a huge class lawsuit for its past corporate practices over lead poisoning in Zambia’s Kabwe town. Johannesburg-based attorneys Mbuyisa Moleele and London based human rights law firm Leigh Day are preparing the case and an application to certify a class action will be filed in Johannesburg …
Read More »High court suspends KCM wind-up hearing pending appeal ruling
Zambia’s High Court on Tuesday suspended hearings on the winding up of Vedanta Resources’ local mining business until the Court of Appeal rules on the lower court’s refusal to let the matter go to arbitration, the provisional liquidator said. Vedanta has been locked in a dispute with the Zambian government …
Read More »More Gemstone discoveries in readiness for Expo
Monze district expo committee has continued identifying areas of investment in readiness for the Southern Province Tourism and Investment Exposition. District expo committee and council public relations officer Raymond Kanchele made mention that the team has continued to identify areas of investment as the big event nears its climax. …
Read More »President Lungu gives ear to Argawal over KCM
President Edgar Lungu recently met Vedanta Chairman Anil Argawal at the request of the investor regarding the ongoing liquidation process of Konkola Copper Mine. During the meeting, Argawal stated his desire to continue running the mine, pay debt owed to contractors and suppliers. Vedanta Chairman further added that he …
Read More »Illegal miners in Zim gamble with their lives
Recent reports have indicated that illegal gold miners in Zimbabwe accessing longstanding mines with inexpert tools are risking their lives. These mines are said to be very unstable in most cases and flooded in some instances, which has inevitably led to a number of deaths over the past couple …
Read More »Permit accorded to Conquest Mining
The Ministry of Mines has awarded Conquest Mining Contractors the mineral trading permit for business undertakings in various minerals. In a media briefing, Conquest Mining Managing Director Kunda Chani made mention that time for complaints and talk is over but to get involved in the industry. Kunda is …
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