The First Quantum Minerals (FQM) Head of Government Affairs, John Gladstone made mention that Zambia’s current tax regime for the mining sector is unappealing to potential investors more especially when placed along fellow copper mining countries globally. Among the copper mining countries include Chile, the Democratic Republic of Congo and …

Plans to restart the Nchanga smelter by Konkola Copper Mines (KCM) are already underway as the proposed date is the 22nd of June 2019. KCM which is owned by Vedanta Resources made mention that Nchanga smelter, located close to Zambia’s boarder with the Democratic Republic of Congo has been loafing …

A report availed to the media has indicated the percentage of tax contributions by First Quantum Minerals (FQM) in the year ended. The just published 2018 Tax Transparency and Contributions to Government Report for First Quantum Minerals (FQM) has revealed that the mine paid more than US$533 million (K5.6 billion) …

The Zambia Consolidated Copper Mines-Investment Holding (ZCCM-IH) minority shareholders aired out that the step to cancel Vedanta Resources mining license was conducted in a hurry as the latter currently has no capacity to run the mines. In accordance to a statement availed to the media, Thierry Charles who spoke on …

The Democratic Republic of Congo’s (DRC) subcontracting regulator known as the ARSP will soon to be launching a campaign for subcontracting activities. According to a statement by the Director General Ahmed Kalej Nkand, the campaign is aimed at recognizing all companies intending on participating in subcontracting activities before licensing them …

Vedanta Resources is strongly opposing appointment of the provisional liquidator and winding up of Konkola Copper Mines (KCM). The company said neither KCM nor Vedanta Resources was notified of the application and accordingly neither had an opportunity to participate in the hearing. Last week, ZCCM Investments Holdings (ZCCM-IH), a state-owned …

The Economics Association of Zambia (EAZ) president, Lubinda Habazooka said that placing Konkola Copper Mines on temporal liquidation is required following the conditions at mining giant. While EAZ endorsed the move, Dr Habazooka made mention to the media that an appeal to the team entrusted with the liquidation process has …

Mopani Copper Mine (MCM) has announced plans of closing the Mindola North and Central Shafts, earlier than indicated due to limited resources for operational undertakings. The mine run by Glencore, announced last week that it was shutting down the two shafts whose economic life had come to an end. “As …

The Kouri project by Golden Rim Resources is seen to be making stable drilling progress in Burkina Faso, West Africa. According to the company RC drilling commenced in the river channel area of the Footwall Shear, following up a recently obtained high-grade drill intercept of 4m at 44.7 grams per …

A request to Lusaka High Court to grant an order of appointment of Milingo Lungu from Messrs Lungu Simwanza and Company as provisional liquidator of Konkola Copper Mines Plc has been filed by ZCCM-IH Investment Holdings Plc. This is according to an application for ex parte order appointing provisional liquidator …