Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Zambia Consolidated Copper Mines Investment Holdings (ZCCM IH), the country’s mine holding company has since inception over 10 years ago paid dividends to the country, the company says on its website according to Bloomberg News wire. According to the report, the company (MLZM), the company formed to hold the Zambian …
Read More »Ebola ‘Calamity’ needs international military efforts to fight, say Mining Companies in West and North Africa
As the dreaded Ebola virus continues to wreck havoc in West and North Africa-with the number reaching escalating levels of over 2,000 of those infected and lives claimed, some senior mining executives now seek international military support to fight it. According to World Health Organisation, the Ebola virus which has …
Read More »Zambia’s economy is 7th best economy in the World-WCF
Zambia’s economic resilience has received a pat on the back from reputed global lenders inspite of the country facing some setbacks in realigning its economy ahead of its projected middle income status in 2030. A recent rating by globally reputed, World Economic Forum (WEF), Zambia, one of the fastest growing …
Read More »Innovative thought leads to success and efficiency in the open cast mining sector
Though South Africa’s mining industry is going through turbulent times, it is still the fifth largest producer of gold in the world. It’s mining of chrome, manganese, platinum, vanadium and vermiculite make it one of the world’s largest producers of these needed minerals. In addition, South Africa is recognised as …
Read More »First Quantum, Metorex mining increase Copper production, turnover in Zambia
Two of some of the leading multinational mining companies operating in Zambia, Africa’s leading copper producer, have found a niche for their investment and have this year increased mineral production and also increased their earnings. First Quantum Minerals Limited, the Australian listed and diversified miner, with operations in Zambia at …
Read More »First Quantum updates on Zambian copper and nickel projects
Canada’s First Quantum Minerals (FQM) is expecting to complete a major ramp-up in final construction and commissioning activity over the next six months as it moves to bring on line nearly US$3 billion worth of new copper and nickel projects in Zambia. Africa remains significant in the company’s growth plans …
Read More »African countries should ensure fair return from resource riches
Western Australian Premier Colin Barnett has urged African leaders not to be intimidated by global mining companies, but to ensure that their citizens received a fair return for their resource exploitation. Speaking at the first day of Paydirt’s Africa Downunder conference, in Perth, Barnett told delegates that while capital required a safe …
Read More »Tanzania’s Stamigold eyes first gold production
Tanzania’s reputation as one of Africa’s best gold producers has been sustained with reports indicating that Stamigold, a subsidiary of the State Mining Corporation (STAMICO), will celebrate its first gold production in 2014 by importing new heavy duty machinery, African Mining Brief reports. The online mining, energy and power publication …
Read More »KCM’s $30m debt may bankrupt CEC – lawyers
The matter in which Konkola Copper Mines has sued power supplier and Copperbelt based company, Copperbelt Energy Corporation in the Lusaka High Court came up with lawyers representing the power company indicating that failure by KCM to settle the over US$30 million debt would make the power company run into …
Read More »South African Concargo makes “headways” into Africa
Mining and Construction Economic globalisation has resulted in an increasingly high demand for mined resources such as copper, coal and other precious metals. With the increase in mining, pressure from the public over ecological issues and meeting environmental codes has become a priority. Radical changes have been made in the …
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