Minerals explorer Intrepid Mines has mobilised a fourth diamond drill rig to the high-priority Kakozhi satellite target, in Zambia, accelerating a drilling programme aimed at better defining the potential of the prospective Mumbwa copper project. Drilling at Kakozhi had previously focused on testing a coincident soil geochemical and airborne gravity …

Zambia’s electricity deficit has risen to 985 MW in September from 560 MW in March as water levels in reservoirs at its hydropower station fall due to drought, its energy minister said on Tuesday. In a statement to parliament, energy Minister Christopher Yaluma said the government was taking short and …

Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3 800 workers due to lower metal prices and high production costs, government sources said. An electricity shortage in the southern African nation and weaker copper prices have put pressure on its mining industry, …

Coloured gemstones miner Gemfields has produced the first measured mineral resource and proven ore reserve statement for its 75%-owned Kagem emerald mine, in Zambia. The company on Wednesday said a Competent Persons Report (CPR), produced by consulting firm SRK Consulting, had shown a Joint Ore Reserves Committee-compliant measured, indicated and …

Aim-listed exploration company African Potash has reached an agreement to establish a sale price of $500/t for 50 000 t of fertiliser product. African Potash executive chairperson Chris Cleverly said the deal would see NPK and urea fertilisers delivered in Zambia at a price that “supported the growth and development …

Three African countries – Namibia, Botswana and Ghana – made it into global minerals industry advisory firm Behre Dolbear’s 2015 most attractive mining investment destinations survey for the second consecutive year. The 25 countries considered in this year’s survey, as in the past, were ranked based on seven criteria, namely …

Established in 1984, South Africa-based Eqstra Industrial Equipment (EIE), a division of JSE-listed integrated leasing and capital equipment group Eqstra Holdings, is the largest forklift supplier to the South African market and has the largest product support infrastructure in the region. EIE provides distribution, leasing, rental and value-added services for …

ZAMBIA will be the second largest contributor to global copper by 2018, the latest International Copper Study Group (ICSG) report indicates. According to the report, Global copper production capacity at mine level is expected to grow at an average annual rate of six per cent to reach 27.4 million tonnes …

  LUSAKA – Zambia’s state Road Development Agency (RDA) on Monday awarded a $492 million contract to a Chinese company to construct and repair roads in Africa’s second-largest copper producer. RDA’s Chief Executive Officer Kanyuka Mumba said after the signing of the contract that China Henan International Cooperation would construct …

LUSAKA – Zambia’s economy is likely to grow by less than 5 percent in 2015 due to a power crunch that has hit output from mining companies already grappling with a slide in global copper prices, Finance Minister Alexander Chikwanda said Chikwanda also said the government was reluctant to acquire …