The Zambian Government has opened talks with mining companies over the controversial mineral royalty tax, on the eve of the Barrick Gold Corporation embarking on the process to suspend operations at Lumwana mine in Solwezi. However, acting president Guy Scott has maintained Zambia will not be intimidated by some mining …

African Copper Plc’s ZCI Limited, has entered into an additional loan facility of $2.5 million to be provided to its subsidiary, Copperbelt Development Foundation (CDF), according to African Mining.com ZCI entered into the additional agreement to provide CDF with further working capital for the Mowana Mine facilities. The facility will …

Eastern Platinum Limited says it has concluded an agreement with Hebei Zhongbo Platinum Company Limited to buy Eastern Platinum’s entire South African platinum group metal business. According to African Mining.com, the acquisition is for a total consideration of $225 million in cash. The acquisition will include all major interests held …

Operations at Kalumbila Mine in Solwezi, Zambia’s newest copper mine, have been paralysed following a protest by workers over a funeral grant for their deceased colleague. The protest was reportedly sparked by First Quantum Minerals (FQM) refusal to award a funeral grant for the deceased worker at the mine which …

Lucapa Diamond Company is poised to start alluvial diamond mining at its Lulo concession in Angola’s Lunda Province. According to a statement obtained by the Zambian Mining Magazine, the company said it was evaluating several debt financing options to fund the mining operations. It said the financing options in question …

SNC-Lavalin has increased its engineering and construction capabilities in Africa with the recent acquisition of Kentz. Southern Africa SNC-Lavalin managing director Graeme Johnson said the acquisition ultimately enhanced the company’s ability to provide additional services and carry complex projects. “We are growing due to the broader focus this has given …

Chief Mumena of Zambia’s North Western Province has urged urgent dialogue between Government and Barrick Lumwana over the mining company’s decision to suspend operations in the country. The traditional ruler said suspending operations and pulling out of the country was not the solution, but instead Barrick and the Government should …

By Hicks Sikazwe The decision by Barrick Gold Corporation, a Canadian multinational, to suspend operations at Lumwana Mine near Solwezi in North-Western Province did not only open up new wounds but demanded immediate answers as to who benefits from Zambia’s copper proceeds? On December 17, Zambia’s Parliament approved a proposal …

Canadian mid tier gold miner, B2Gold, has announced the first gold pour at its new Otjikoto open pit mine in Namibia ahead of the original schedule according to Mining Africa Year (Press Watch). The company says Otjikoto is only the African nation’s second gold mine and has been one of …

Investors are still said to be betting on the future of Africa as a big emerging market opportunity despite the declining commodity prices and the outbreak of Ebola, it has been learnt. According to a latest online report carried by Mining.Com, not so long ago, declining commodity prices and the …