Export of finished products can offer significant cover for the country’s economy against falling copper prices, Stanbic Bank has said. Leina Gabaraane, Stanbic Bank Chief Executive Officer said there is need to invest in value addition in the mining sector to minimise the impact of changes in the prices of …
Read More »CEC donates books to Kalabo Schools
As part of its corporate social responsibility Copperbelt Energy Corporation (CEC) recently handed over text books to the Mwangala Mwenda Foundation prior to the start of the 2019 year. According to the company, the books are just some of the essential supplies the Foundation requires for the school year to …
Read More »Zambia to implement Copper Import tax
Government has plans to forge ahead with implementation of the five percent copper import duty. Richard Musukwa, mining minister said new taxes were ‘well-thought-out and logically calculated with the inputs of stakeholders, even the mining companies’ at the sidelines of the 2019 Mining Indaba. The Mines Minister emphasized that Zambia …
Read More »Global zinc market to grow
GlobalData’s latest report has forecast that between 2019 and 2022, global zinc supply is expected to grow at a compound annual growth rate (CAGR) of 3.8 percent, to 15.7Mt in 2022. Simultaneously, the gap between demand and supply is expected to narrow and eventually the market will move into a …
Read More »Cummins Inc. celebrates centennial year
The Fortune 150 listed company, Cummins Inc. is celebrating its 100th year as a company throughout 2019. With employees over 60 000 worldwide and serves customers in nearly every country across the globe, Cummins products range from diesel and natural gas engines to hybrid and electric platforms, as well as …
Read More »ZEMA dispels water pollution rumours
Pollution of the natural environment is generally viewed as an inherent consequence of the complexity of large-scale commercial mining, which often negatively affects communities when harmful emissions find their way into the environment. To minimise the negative impact on the environment, First Quantum Minerals’ Kansanshi Mining has established a pioneering …
Read More »Stanbic sends high-profile delegation to Indaba
As part of efforts to signal its commitment to back the mining sector, Stanbic bank is sending a high profile delegation to the upcoming Mining Indaba. “Mining matters to the people of Zambia. It is the country’s largest exporter, its largest taxpayer and largest private sector employer,” said Leina Gabaraane, …
Read More »Mantashe opens 2019 Mining Indaba
South Africa’s mineral resources minister Gwede Mantashe is billed to open the 25th Annual Investing in African Mining Indaba. The event is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining. According to the organisers government will engage delegates on South Africa as a …
Read More »Renewables & Energy efficiency news
Despite concerns that intermittent renewables such as solar and wind could affect the reliability of power supply, mining companies are adopting wind and solar to reduce their energy costs at remote off-grid mines. In various microgrid applications, renewables combined with diesel, HFO, or gas are proving their worth in isolated …
Read More »Botswana’s Coal in preparations for trade in March
The Masama Coal Mine which is Botswana’s first privately owned coal mine is scheduled to produce its first profitable coal in March. According to reports in the media, the Minergy Chief Executive of the company overseeing the project, Andre Boje alleged that the mine aims to produce 1.2 million tonnes …
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