CHINA Non-Ferrous Metal Company (CNMC) will spend about US$100 million to dewater shaft 28 at the Luanshya Copper Mines (LCM). Shaft 28, which got flooded in February 2008, holds an estimated 70 million cubic litres of water and will take about three years to drain. Chief executive officer Luo Xingeng …

UNIVERSAL Mining and Chemical Industries Limited (UMCIL) has urged Government to set up regulations that will compel contractors undertaking public projects to use locally produced steel and related products to boost the manufacturing base. Meanwhile, Zambia Development Agency (ZDA) director general Patrick Chisanga says it is saddening to see that …

THE government recently introduced a new mining tax regime in the 2015 national budget and the reverberations of this decision are still being felt as various stakeholders express their reactions. For instance, the Chamber of Mines has warned that the new regime is likely to hit investment. One of the …

INTREPID Mines Limited has produced samples which show the existence of more copper and gold at the company’s Mumbwa projects, chief executive officer Scott Lowe has disclosed. Mr Lowe said once the results from the report have been analysed, Intrepid will do some follow-up drilling. Mr Lowe said in Intrepid’s …

THE construction of the US$200 million hydro-power station in Sioma is awaiting the conclusion of an implementation agreement between the developer, Western Power Limited, and Government. Western Power Limited chairperson Sipho Phiri said the 60-megawatt (MW) station, is expected to be the largest private sector investment in Western Province. Construction …

A recent drilling campaign on the Zone 5 deposit at Cupric Canyon Capital subsidiary Khoemacau Copper Mining, in Botswana, has defined a 100-million-ton high-grade copper and silver ore resource, the company said on Tuesday. “This most recent drilling and feasibility work has established Zone 5 as one of the most …

Twenty-nine companies placed bids in Aim-listed Gemfields’ second auction of production from its 75%-owned Kagem mine, in Zambia, in the current financial year, with 4.45-million carats of the 5.07-million carats of lower-quality emerald on offer sold, generating $19.2-million. The auction, held in Jaipur, India, from November 18 to 21, marked …

KANSANSHI Mining Plc will spend US$4.7 million to upgrade a 50.4-kilometre road in Solwezi, which will be used to transport silica for the mine’s copper sulphide plant. Recently, the company commissioned a new smelter to process 1.2 million tonnes of sulphide copper concentrates per annum at Kansanshi and Sentinel mines. …

The first two turbines of the Laúca hydroelectric dam on the Kwanza River in Angola are due to start operating in July 2017. The Brazilian company, Odebrecht, is responsible for the project and has announced that the turbines will have the capacity to produce 340 megawatts (MW) each. Kleriston Acácio, …

The Civil Society for Poverty Reduction (CSPR) says economic diversification is a must for the country because depending entirely on the mining sector is not sustainable. According to CSPR vice-board chairperson, Partner Siabutuba, it is not enough for the Government to continually say that the economy would be diversified when …