KTI was selected by Harmony Gold Mining Company Limited (Harmony) to supply and install an ice cooling system at Harmony’s Phakisa mine in South Africa. Harmony is one of the largest gold producers in the world, generating annual revenue of US$1.8billion. Underground mines with depths reaching more than 2400 meters …

Concerns over the revised mineral royalty taxes in Zambia have continued with the country’s leading miner First Quantum Minerals Limited raising fears that the proposals to review the regime will have devastating impact on the country’s mining sector and deter capital investment and new projects. Recently First Quantum Minerals announced …

Yesterday Group R Mining & Exploration Zambia Ltd recorded 300 days LTI-free. LTI stands for Lost Time Injury, which is any injury that prevents any person, staff or contractor, reporting to work on the next shift or next day. Within the underground mining industry this figure is commendable and proves …

The Zambia Chamber of Mines has expressed concern with the revised mining tax regime in the 2015 budget and fears it will stifle growth in the industry which looks up for growth and increased copper output in the coming years. The Chamber which is in the midst of seeking relief …

In the recent 2015 budget speech last Friday, Finance Minister Alexander Chikwanda announced said ,that the Government would increase underground mining royalties to 8% from 6% as part of an effort to revamp the industry’s tax system. The new 30% corporate processing and smelting tax introduced aims to maximise revenue …

Zambia has unveiled the budget in the legislative house for next year’s expenditure with the country expected to utilise an estimated K47 billion in various sectors and programmes during the fiscal year. Addressing lawmakers, finance minister Alexander Chikwanda stated that the Government envisages to spend 25 percent of the total …

Alexander Chikwanda, Zambia’s finance minister, Michael Gondwe, Zambia’s central Bank Governor and the Zambia Development Agency are among nominees for Africa’s top renowned awards in ‘excellence’. The three-some, who fall under the 17 categories that include Global Investment Personality of the Year, Best Initiative in Support of SMEs and the …

Metso has delivered a second D9 Apron Feeder, similar to the original Metso machine to Kumba Iron Ore in record time. This particular D9 machine is 3.66m wide, (5.5m including Head shaft), over 12.0m in length and weighs 108 tonnes when fully assembled, greater than the capacity of the EOT …

The ongoing concern by mining companies over the withholding of over US$500 million by Zambia Revenue Authority (ZRA) from mines and other exporters has not gone well with the Government. In recent weeks, there has been concern from various mining companies such as Mopani Copper Mines, Chambishi Metals, among others …

The raging impasse between the mining companies and Government over the withholding of over US$500 million in Value Added Tax (VAT) may force most of the mining companies to lay off some workers and shelve new projects in order to remain sustainable in Africa’s rich copper producer. Recently, Mopani Copper …