Zambia on Thursday introduced equipment which will enable its revenue authority and other government agencies to independently verify the quality of mineral exports, a senior government official said. Treasury Secretary Fredson Yamba said in a statement that Africa’s second-biggest copper producer had previously depended on what mineral exporters said through …

Glencore will invest over $1.1 billion in Zambia to sink three copper mine shafts with new technology that will extend mine life by over 25 years, pushing the kwacha to its highest in two months. By 1040 GMT (6.40 a.m. ET) the currency of Africa’s number 2 copper producer had …

Local residents walk along a road leading towards the Mopani copper mine in Kitwe. Maybin Chibale had a steady job for four years at Glencore Plc’s Mopani mining complex in northern Zambia’s Copperbelt Province. Then came the global commodity slump. Now he spends his days drinking beer with former colleagues …

The Zambia Chamber of Mines has urged Zambians to download its report on Mineral Royalty Tax, after strong endorsement by leading business personalities, who said the report would promote greater understanding of a complex issue which affects them. The report , A guide to understanding Mineral Royalty Tax (MRT), has …

In a bid to improve public understanding of mining taxation, and promote informed comment, the Chamber of Mines today released a report entitled “A guide to understanding Mineral Royalty Tax (MRT)”. The short, 15-page report is available for download here>>>  Guide to Mineral Royalty Tax (ZCM) – Medium Resolution (1) …

Reliant Drilling company is looking for Electrical Technologist Education: Diploma or Degree Competent with Atlas copco machines Work experience: 3 Years work experience Member of EIZ Contact details 4137 Alick Nkhata road Chimwemwe Industrial area Box 20411 Opposite KVTC Kitwe Email: rdl.recruitment@gmail.com

Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday. The company, owned by Eurasian Resources Group, plans to shed 996 jobs at its Boss Mining unit and 1 300 …

Chibuluma Mines embarked on a rigorous operations restructuring programme which was aimed at ensuring the survival of the Company. As a consequence of the restructuring, 300 jobs were initially planned to be lost, however, through dialogue with the Government and the workers representatives (Mineworkers’ Union of Zambia), this number reduced …

Brazilian miner Vale has written $2.4 billion off the value of its coal assets in Mozambique over the last year, now valuing its project in the country at $1.73 billion. The operation continues to lose the company half a billion dollars per year, Vale said in its end of year …

A planned coal-fired power plant in Moatize, province of Tete, is seeking more than half a billion dollars in financing from multilateral lenders and export credit agencies, the head of the company leading the project told the media. Saudi Arabia-based ACWA Power is leading the development of the 300 MW …