Lubambe Copper Mine has procured the first ever self-contained mine Emergency Refuge Chambers in Zambia. The consignment of five refuge Chambers has been procured at a cost of US$ 475,000 from Mine Arc Systems of Australia. Lubambe Mine Communications Manager Loyce Saili said the procurement of the refuge Chambers by …
Read More »Compact secondary belt cleaner on offer
Global innovator in the bulk material handling industry Martin Engineering has developed new cleaning technologies for applications where space for installation is limited. According to the company, the latest SQC2STM RM (Reduced Mini) Cleaner is a compact secondary belt cleaner allowing installation in close quarters, built with a narrow profile …
Read More »Mining forecast remains positive amid new taxes
Fitch Solutions researchers have indicated that recent tax hike announcement by government recently are to prompt downside revision to the country’s copper production forecast. Government recently announced it will expand and increase taxes on mining companies operating in the country, as part of its 2019 budget. This comes after speculation …
Read More »Tax hike prompts downside revision to Zambian copper production forecast
On September 28, the Zambian Ministry of Finance announced it will expand and increase taxes on mining companies operating in the country, as part of its 2019 budget. Speculation on the possibility that the mining industry would be targeted in next year’s budget had grown over the past weeks following …
Read More »Zambia chamber of mines opposes proposed mining tax regime
Proposed tax changes will make it difficult to invest in Zambia Chamber of mines in Africa’s second largest copper producer has opposed the states proposed mining tax regime. This was contained in a press release issued by the COM on 04 October. More tax regime instability, massive increases, and novel …
Read More »The true cost of Artisanal Mining
Artisanal and Small-Scale Mining (ASM) is emerging as an important socio-economic sector in many developing nations. It’s the practice of informal mining activities carried out using low technology or with minimal machinery.
Read More »Success oriented management reshuffle at Aury Africa
Aury Africa has announced management reshuffle, as the company position itself to be a leading manufacturer and supplier of high-performance mineral-processing equipment. The company’s latest blueprint under new management of Director Sydney Parkhouse targets to lead the industry by 2022. According to the company, key to the ongoing ambition to …
Read More »Botswana leads the pack on investment attraction
Investment Destination in Africa an independent research arm has named Botswana, as the most attractive destination. According to Investment Destination in Africa’s latest Investment Index Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import covers and eases of doing business The …
Read More »EU fund efficient Mineral Production Monitoring
The European Union-funded Mineral Production Monitoring Support Project has been applauded for improving the country’s mineral production monitoring “You’d get contrasting sets of figures, sometimes varying by up to 40%, depending on whether you were asking, the Central Statistical Office, the Bank of Zambia or the Zambia Revenue Authority,” said …
Read More »US$1 billion investment for Konkola Copper Mines
Vedanta Resources developers of Konkola Copper Mines (KCM) have announced a 50-year blueprint for the integrated copper mine. With a budget of US$1 billion, the long term project is expected to grow KCM’s employment to 7000 jobs. “I want Konkola Copper Mines (KCM) to be the largest integrated copper producer …
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