CHAMBER of Mines president Nathan Chishimba says mining companies are left with no options but to cut jobs and downsize production because of the current economic problems the industry is facing. In an interview, Chishimba said the commercial viability of mining companies operating in Zambia remained a challenge under the …

SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures The 2015 financial year has proved to be extremely challenging for South Africa’s mining industry. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in …

AN independent report by consultancy firm SRK shows that Kagem Mine is set to produce 1.1 billion carats over a 25 year mine life, which is more than initially anticipated. The company said the total amount of indicated and inferred mineral resource at the emerald mine is now estimated at …

A CANADIAN firm, Denison Energy Corporation, has started pursuing uranium exploration at the Muntanga Mine in Siavonga District. The company is a result of a merger between Fission Uranium and Denison Mines in July this year to create a US$900 million exploration and development company which would combine top uranium …

The world’s single largest producing emerald mine – Kagem in Lufwanyama District – looks set to continue benefitting Zambia for the next 25 years, according to an in-depth technical study of its prospects by independent experts. The estimated reserves at the mine reinforce the company’s potential long-term commitment to Zambia …

Zambia’s under-pressure kwacha fell on Friday, shedding around 2 percent after the country’s finance minister signalled that interventions that have supported the currency since steep declines on Monday would be scaled back. The kwacha fell more than 17 percent against the dollar on Monday, its biggest one-day fall on record, as the price of …

DR Donald Kaberuka says Zambia and other African governments must fix economic policies that are leading to massive job losses in the mines. And Dr Kaberuka, the immediate past president of the African Development Bank, says copper prices at $5,000 per tonne is not a disaster that can lead to …

Zambia – First Quantum Minerals said on Monday that the Zambian power situation is stabalising enough that it anticipates its Sentinel copper mine, in Zambia’s North Western province to begin commercial-level production by the end of the year. Sentinel, which has been in construction by First Quantum Minerals since June …

Zambia’s kwacha went into freefall on Monday, hit by a worsening outlook for key export copper as the metal’s price hit a one-month low, amid fears that mining giant Glencore might further rein in its extensive operations in the country. The currency fell more than 17%, its biggest one-day fall …

THE value of Zambia’s metal exports increased to K3, 967.3 million in August 2015 from K3, 625.7 million in July 2014. The overall contribution of metals and their products to the total export earnings in August and July 2015 averaged 75.1 per cent. Central Statistics Office (CSO) director John Kalumbi …