Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

Metalco Industries Company Limited, a Kabwe-based firm, has injected a capital of about US$55 million to upscale its operations in the manufacturing sector over the past 18 years. The company recycles scrap metal to manufacture copper cables, lead-acid batteries, aluminium sheets and various utensils. Company chairman and managing director Hussein …

The copper price, which has remained strong on the global market, is expected to boost the Kwacha’s performance against the United States (US) dollar in the medium term, Cavmont Bank notes. On Friday, copper, which is Zambia’s major export earner, witnessed a price fall of one percent on the London …

By 2020, all Extractive Industries Transparency Initiative (EITI) member countries, including Zambia, will be required to publish the identity of companies that bid for, operate or invest in extractive projects in their country to curb tax evasion. According to a latest EITI newsletter for Zambia, EITI requirements have sparked reform …

Southern Africa is experiencing surplus electricity generation capacity for the first time in a decade, thanks to the success of regional cooperation in energy planning during the past few years. Figures released by the Southern African Power Pool (SAPP) show that the 12-member pool is sitting on surplus peak period …

…trees will revegetate a disused dump site, improve soil fertility and produce bio-diesel Konkola Copper Mines (KCM) has launched an ambitious bio diesel project in the Copperbelt at one of the company’s disused dump site. According to the company, the project aims to cultivate elite Pongamia Pinnata trees for bio-diesel …

The Copperbelt Energy Corporation PLC (CEC) has put out a notice announcing plans to lease out its fully-fledged Tank Farm based in Luano Area, 18km from Chingola. The facility has three x 1,800,000 litres capacity fuel tanks and auxiliary equipment accessible by both road and rail network. CEC’s decision to …

International Monetary Fund says the country’s economic growth is expected to improve slightly to 3.5 percent in 2017. The Fund said sustaining the high inclusive growth in the future requires sound policies and reforms to improve competitiveness. IMF team welcomed the government’s fiscal consolidation plans which aim at putting public …

Australian mining company African Energy Resources (AFR) has sold its Zambian uranium portfolio to GoviEx Uranium Inc. The deal will unify African Energy’s Chirundu and Kariba Valley properties with GoviEx’s Mutanga project, resulting in contiguous tenements containing combined mineral resources of 15.2Mlb U3O8 in the measured and indicated categories and …

Government has announced intentions flush out foreigners employed in the mining sector to create jobs for qualified Zambians. Kampamba Mulenga, Chief Government Spokesperson says concerns from the labour movement motivated the decision. She said Zambia has well trained mining experts hence the need for mining houses to employ competent and …