Tektronix, Inc. has unveiled the six series low profile digitizer, the first 4-channel digitizer to offer up to 8 GHz bandwidth, 25 GS/s sampling rate and a 12-bit ADC on every channel, all in a space-saving 2U rack form factor. In contrast to alternative digitizers that interleave sample rate, …
Read More »EITI finds Gold deposits in North-Western province
A team of Extractive Industries Transparency Initiative of Zambia (EITI) recently discovered Gold deposits in Mwinilunga district in the North-Western province of Zambia. EITI team called on the Deputy Permanent Secretary of the province Douglas Ngimbu in Solwezi to disclose these findings. Ngimbu says the discovery of this …
Read More »Bank ATM’s to be adjusted by month end-BoZ
All commercial banks have been given an ultimatum to make adjustments on there Automated Teller Machines (ATMs) to enable smooth transactions involving new kwacha notes by this month end. The Bank of Zambia (BoZ) Director Lazara Kamanga has urged all profitable banks to finalise this so as to ensure that …
Read More »BRITISH FIRM TO INVEST US$100M IN TWO NEW MINES IN ZAMBIA
MOXICO Resource plc, a British firm, intends to invest over US$100 million in two mining projects on the Copperbelt and North Western provinces. The company has so far this year invested US$40 million on the projects. The two projects namely Mimbula and Kanengwa are in Chingola and Mufumbwe respectively. Moxico …
Read More »Cobre Panama project comes to an end
As the construction phase of the large-scale Cobre Panama project of First Quantum comes to an end, the Toronto-listed company is well positioned to meet its “own, very high expectations for the year and years to come”, Cobre Panama GM Tristan Pascall said recently. Following a faster ramp-up, the commercial …
Read More »Backfilling application commences-Mopani
Mopani Copper Mine Plc has preceded with works of backfilling the sinkhole near the South Ore Body (SOB) Shaft in Kitwe after being graded as a safety hazard to informal miners invading it. The sinkhole is a two hectare caving area within Mopani Copper Mines Plc’s mining rights area. …
Read More »Manufacturing Sector upgrading a necessity-SMEs
A survey report by the Small Medium Enterprises (SMEs) competitiveness indicated increased national demand, led by an emerging middle class and greater regional demand through Zambian’s membership in SADC, kept afloat the domestic manufacturing sector. According to the report, diversifying and upgrading the sector was necessary to achieve the …
Read More »Zambia’s most export July sales Copper Anode-CSO
The Central Statistics Office (CSO) monthly bulletin report for July has indicated that 76.8 per cent of Zambia’s major export sales in June resulted from intermediate goods such as Copper anodes and cathodes. In accordance to the same report, 23.2 per cent of the nation’s total exports resulted from consumer …
Read More »Economic pinch due to international advances
At the first National Economic Summit organized by the Economics Association of Zambia, minister of Finance Dr Bwalya Ng’andu voiced concerns that developments in the international economy had not been supportive to the local economy. At the summit, held in Livingstone, Dr Ng’andu noted that Zambia’s economy has been poorly …
Read More »Anil Agarwal’s 20% Anglo American Shares Sold
The self-made billionaire and one of India’s richest men, Anil Agarwal has sold his stake in Anglo America. As the biggest shareholder of the mining company, Agarwal is reported to have made US$500M before the costs from the deal. Agarwal, through his metals company, Volcan Holdings Plc, began buying into …
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