Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …

Johannesburg Stock Exchange  and Toronto Stock Exchange dual-listed Giyani Gold has signed a letter of intent (LoI) with Menzi Battery Metals to acquire a 70% interest in two past-producing high-grade manganese mines in Zambia. The Kampumba and Chiwefwe open pit manganese mines were operated between 1954 and 1968 and produced …

Sandvik’s new support facilities in Zambia are enabling faster and more efficient turnaround times for the maintenance and repair of mining fleets throughout the central African region. In a year since moving into the new facility from their old premises and opening its doors in Kitwe, the operation has significantly …

ZCCM Investments Holdings, the state-controlled Zambian company that holds minority stakes in most of the country’s copper mines, plans to claim as much $1.4 billion from First Quantum Minerals Ltd. after accusing the Vancouver-based company of fraud. The Canadian company’s stock fell. The claim includes $228 million in interest on …

Goverment should consider establishing a mineral stabilisation fund to cushion the negative impact of falling copper prices on the international market, Economics Association of Zambia (EAZ) says. The price of copper, which is the mainstay of Zambia’s foreign exchange earnings, has been declining from the highs of about US$8,000 per …

INNOVATIVE NEW CORE TRAY INTRODUCED IN THE MINING AND DRILLING SECTORS Kim Cloete Following research and analysis of the global explorationindustry, a South African company has designed a new, innovative core tray for geologists in the mining and drilling sectors which will help to improve efficiencies and reduce hidden costs …

Global demand for copper is expected to broadly meet supply in 2016 and 2017, while there is a chance of stronger-than-expected consumption in top user China, an industry body said on Friday. The International Wrought Copper Council (IWCC) sees a modest 120 000 t deficit this year, narrowing to 60 000 …

ASX-listed Burey Gold is acquiring a 60% interest in five exploitation permits, covering 1 456 km2 of highly prospective ground in the Haut Uele province, in north-east Democratic Republic of Congo (DRC). Through an agreement with a Dubai-based private company Medidoc FZE, the company would obtain the Tendao project, which …

The Copperbelt Energy Corporation Plc (CEC) intends to conduct a survey for biodiesel and its by-product to enable the firm establish market for potential customers. The firm’s biodiesel plant, which has a production capacity of one million litres per annum, produces diesel from jatropha curacas derived oil and soya bean. …

Goverment will acquire 30 percent equity in the US$400 million privately-owned North West Railway project that has been planned to link Zambia to the port of Benguela in Angola. Acting Minister of Transport and Communication Ronald Chitotela said Government intends to develop all channels of transport to open up the …