Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Construction of the US$770 million Kabwelume and Kundabwika hydro power stations and a transmission power line is scheduled to start in March 2019. When completed and fully operational, the two hydro power stations will generate a total of 163 megawatts (MW). The two projects, which will be undertaken by the …
Read More »First Quantum plans 2 500 layoffs in Zambia over tax hikes
Canada’s First Quantum Minerals (FQM) said recently that it would lay off 2 500 workers in Zambia over plans by Africa’s No.2 copper producer to hike mining taxes. The southern African country plans to introduce new mining duties, replace value-added tax (VAT) with a sales tax and increase royalties, from …
Read More »Government will not allow mine owners to lay off workers with impunity-President Lungu
President Lungu said his administration will not be intimidated by threats from mine owners. The Head of State said this at Southdown airstrip in Kalulushi district upon arrival for a two day visit to the Copperbelt province. President Lungu said the new mine tax regime, which mine owners are using …
Read More »Zambia’s copper output up 10.4% year on year in September
Zambia’s annual copper output rose 10.4 percent in September to 631,359 tonnes, the central bank in Africa’s second-biggest producer of the industrial metal announce last week. Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada’s First Quantum Minerals, Glencore, Barrick …
Read More »Close to 1,000 miners to lose jobs at Mopani
About 1, 000 miners at Mopani Copper Mines (MCM) are likely to lose their jobs after the mining giant starter its voluntary retrenchment exercise. According to latest correspondence from MCM Chief Services Manager KV Chitoshi and to the people close to the Development , the company is asking employees to …
Read More »Epiroc acquires Concept Mining
The leading productivity partner for the mining, infrastructure and natural resources industries Epiroc has acquired Innovative Mining Products widely known as New Concept Mining, a South African manufacturer of rock reinforcement products for underground mining. Innovative Mining Products based in Johannesburg, South Africa, also has facilities in Peru, Zambia and …
Read More »New opportunities in mining sector
New opportunities in the Zambian mining sector: Africa Prospect Development Zambia launched in London at Mines and Money being held from 26 – 29 November 2018. Africa Prospect Development Zambia (APDZ) is a Lusaka based company designed to promote high quality, authentic and appealing Zambian based investment opportunities to the …
Read More »Rio Tinto invest $2.6 billion in Koodaideri Mine
Rio Tinto is to develop its most technologically advanced mine following the full approval of a $2.6 billion investment in the Koodaideri iron ore mine in Western Australia. Koodaideri is expected to deliver a new production hub for Rio Tinto’s world-class iron ore business in the Pilbara, incorporating a processing …
Read More »More Americans at African Utility Week.
Multi-award winning African Utility Week conference and exhibition in Cape Town, South Africa has obtained official U.S. Trade Fair Certification from the U.S. Department of Commerce. The development paves way for a greater American participation at the 19th edition of the event scheduled for 14-16 May next year. Along with …
Read More »China’s gold market on the rise
China has become the largest gold producer and consumer in the world in the past two decades. On the backdrop, Roland Wang, Managing Director of China for the WGC said his company aims to work with government bodies, regulators and market practitioners to ‘develop China’s gold market on a long-term, …
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