Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
By Hicks Sikazwe Zambia’s Justice Minister Edgar Lungu has stepped into Michael Sata’s shoes becoming the sixth president of Africa’s leading copper producer. Lungu, who turns 59 in November, was elected in the January 20 by-election beating his closest rival, Hakainde Hichilema of the United for National Development Party (UPND) …
Read More »CBM-TEC 2015 exhibition space sells like hotcakes
Outdoor exhibition space is selling out fast at this year’s Copperbelt Mining and Trade Expo (CBM-TEC) and only 30 indoor stands are available so far. According to Mining Review.com, the outdoor space at CBM-TEC which takes place in Kitwe from May 5 – 6, had officially been sold out and …
Read More »New Tax Regime coupled with slump in copper prices will cripple mines – Chamber of Mines
Pix:Mr. Shula Shula The continued copper price slump coupled with the new 2015 tax regime will cripple local mines, says the Zambia Chamber of Mines. Last week, copper prices plunged to a five-year low amid speculation that China’s copper demand growth is slowing down the global economy. The red metal, …
Read More »Bwana Mkubwa Mine stands test of time
By Potipher Tembo BWANA Mkubwa Mine has continued to be one of the oldest mines in Zambia which has resisted permanent closure. Being a land-locked but a land-linked country, Zambia has from time immemorial depended on mining, especially copper mining, to manage her economy. The country has for many years …
Read More »Kagem 2014 tax remittance beats auction revenue
By Hicks Sikazwe Kagem Emerald mine has remitted a higher amount in taxes than what the country raised at the gemstone auctioning exhibition last year. Acting president Guy Scott, who also hailed the firm for its excellent social responsibility programme said Kagem in 2014 paid $36 million. Calling on the …
Read More »Mabiza Resources appoints Matthew Banda as GM
Mabiza Resources Limited(MRL) which operates Munali Nickel Mine has appointed Mr. Matthew Banda as General Manager of the company. This comes after Consolidated Nickel Mines Plc (CNM) the holding company partnered with Jinchuan to restart mining operations at the nickel mine, located 75 km south of Lusaka in Mazabuka, Southern …
Read More »African Mining Indaba woos notable visionaries
The 2015 Investing in African Mining Indaba scheduled for February 9 – 12 in Cape Town South Africa will feature an array of globally recognised economic visionaries, mining thought leaders and some of Africa’s largest deal-makers. About 7000 delegates from more than 110 countries will attend the Indaba and listen …
Read More »Miners’ jobs safe, says Scott
By Potipher Tembo THE Zambian government has reiterated that no mine will easily close down and result in job losses for miners. Faced with various challenges, many mines in the country have been threatening to cut down on the workforce for them to continue operating profitably. Some of the mining …
Read More »Is Kabila targeting Moise Katumbi?
President Joseph Kabila says despite Katanga Province boasting huge investments amounting to US$10 billion, people in the area are still wallowing in abject poverty. President Kabila said that while a chain of trucks carrying minerals were continuously leaving Kolwezi for Kasumbalesa, the population in the area was languishing in abject …
Read More »KAGEM STARTS $2m COMMUNITY PROGRAMME IN LUFWANYAMA
A US$2 million (K12 million) program of community work by Lufwanyama-based emerald producer Kagem Mining has been launched in the district. Acting President Guy Scott officially launched the program yesterday with a ground-breaking ceremony for a new secondary school at Chapula and upgrade of Nkana Health Centre in the area. Dr. …
Read More »