Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
The World Bank has approved a $45-million loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers.The funds will help to create a viable domestic mining industry in poor, rural areas where unregulated artisanal and small-scale mining takes place, Philippe Dongier, the Bank’s …
Read More »Montepuez Ruby Mining holds fourth auction of rubies mined in Mozambique
Montepuez Ruby Mining is due in June in Singapore to hold its fourth auction of rubies in the rough mined in Mozambique, company director Rami Raimundo Pachinuapa said cited by Mozambican daily newspaper Notícias. Pachinuapa said this auction would provide revenue of US$50 million, after a previous auction held in …
Read More »Construction advances at Zim Tungsten mine
The fabrication of the process plant for Aim-listed Premier African Minerals’ 49%-owned RHA tungsten project, in Zimbabwe, is expected to be completed by the end of May. The majority of the plant components had been delivered to Appropriate Process Technologies (APT), in Johannesburg, with the main outstanding component being the …
Read More »Congo copper and gold production jumps in Q
Copper and gold production in Democratic Republic of Congo rose sharply in the first quarter of 2015, despite continuing uncertainty about a proposed revision of the mining code.Congo, which vies with Zambia to be Africa’s leading copper producer, mined 279 573 t of the metal during the quarter, according to …
Read More »West African summit to focus on challenges affecting the region
The 2015 West and Central Africa (WaCA) Mining Summit and Expo, which will be held at the Accra International Convention Centre, in Ghana, on May 20 and 21, will focus on ways to mitigate the challenges facing the mining industry in these two regions.The summit’s theme – A Premier Showcase of …
Read More »Mining rights applications will be decentralised’
GOVERNMENT says it is in the process of decentralising applications for mining rights and renewal of licences to help grow Zambia’s mining sector to enable it become competitive on the international market.Minister of Mines, Energy and Water Development Christopher Yaluma said application for mining rights and renewal of licences will …
Read More »State reviews mining growth projections
GOVERNMENT is reviewing the growth projections of the mining industry in the short to medium term.Minister of Mines, Energy and Energy Development Christopher Yaluma said the mining industry is highly competitive as evidenced by the recent growth levels of copper production in the Democratic Republic of Congo, hence the need …
Read More »Areva remains committed to Namibia despite depressed Uranium Prices
DESPITE a weak uranium oxide price and the perception that the Trekkopje mine in Erongo has closed down, Areva Resources Namibia remains committed to eventually being a major contributor to the national economy and social enhancement.This was the message of the company’s managing director Hilifa Mbako at the launch of …
Read More »Kwacha expected to gain
THE Kwacha is expected to gain against the United States (US) dollar due to inflows of the greenback on the market, Zanaco Bank says.In its daily treasury newsletter, the bank says the local unit was yesterday anticipated to trade in the range of K7.30 and K7.45 against the dollar in the …
Read More »Anticipated K2bn loss from mine tax reversal is not real – Yaluma
MINES minister Christopher Yaluma says the anticipated K2.3 billion revenue loss from the reversed 2015 mining tax regime is ‘not real’. The government expects a revenue loss of about K2.3 billion from its decision to reverse the 2015 mining tax regime to the double-tier system. Cabinet recently agreed to …
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