The African Development Fund (ADF) will provide funding of US$4.9 million for a study to upgrade Angola’s transport plan, including the connection of the national rail network to Zambia, according to an Angolan presidential order. The order approves the financing agreement for a study of the update of the Master …

ECONOMIST Kampamba Shula says Zambia is facing a real risk of discouraging further investments in the mining sector with the raised mineral royalties, which may force companies to avoid paying. Commenting on the controversial 2015 mining fiscal regime that saw mineral royalty tax jump to 20 per cent for open-pit …

The Ministry of Mines says Zambia is still capable of beating the Democratic Republic of Congo’s copper production output because of the country’s favourable conditions. And the ministry says the ongoing mining fiscal regime impasse that is disturbing the sector will soon be resolved and is sure “everyone will be …

Further cutbacks and overall production stagnation are anticipated in Zambia’s mining industry in 2015 if global copper prices do not recover, says a latest Standard Chartered research report. According to Standard Chartered’s On the Ground report following the 2015 mining indaba held in Cape Town last month, Zambia’s new royalty …

CIVILSTRUST Consortium Limited has teamed up with a group of Zambian experts in various fields to put in a bid to run the embattled Collum Coal Mine. Executive chairman for the consortium, Peter Kapala, revealed that Civilstrust wants to acquire a large-scale mining licence and restore operations at the defunct …

THE Chamber of Mines of Zambia says uncertainty in the fiscal regime brought about by new mineral royalties as the final tax has unsettled mining companies, warning that about 12,000 jobs are on the line this year. And Engineering Institution of Zambia vice-president for policy and public relations, George Sitali, …

The Democratic Republic of Congo is expected to maintain a clear and decisive lead in its copper production over Zambia into 2020 should Lumwana close as planned, new mining research reveals. According to the 2015 Deloitte State of Mining in Africa report, new data shows that copper production in the …

THE London-listed Richland Resources this week closed the sale of its tanzanite mining unit, beneficiation and tsavorite licence interests in Tanzania to Sky Associates for US$ 5.1 million. The gemstone mining company revealed on Wednesday that it had completed its exit from Tanzania with the receipt of US$5.1 million from …

Trading in precious stones could account for “a sizeable chunk” of Gemfields‘ revenue within five to ten years, the company’s CEO said on Monday. Gemfields holds ambitions of creating a stable world market for colored gemstones, polishing their image in the way that Anglo American’s De Beers has championed diamonds from London‘s Bond Street to China. London-listed Gemfields gets about …

LSE-quoted Kenmare Resources is working to restore full power to its Moma titanium minerals mine, in northern Mozambique, after floods damaged the power line supplying grid power. The titanium minerals producer said it was operating diesel generators to continue processing heavy minerals concentrate, magnetic and nonmagnetic concentrate stocks and exporting product, with any available power supply alternated between the mineral separation plant and wet concentrator plant …