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Zambia’s copper outturn has continued to fluctuate-barely days after the country; Africa’s leading copper producer, raised its bar of the red metal on the international metal market, according to the Lusaka-based Bank of Zambia. According to the data by the Central Bank-copper production from Zambia took a downturn-declining 2.5 percent …
Read More »KAGEM OPENS FIFTH LUSAKA EMERALD AUCTION
Ministry of Mines Permanent Secretary Paul Chanda has flagged off the fifth auction of emeralds to be held in Lusaka by Kagem Mining Ltd and Gemfields plc. Some 25 gemstone buyers from India, the US and Germany are expected to participate in the auction, spending four days appraising 21 lots …
Read More »MOPANI PROMOTES SAFE MINING
Safety is of key importance to Mopani. Since inception in 2000, Mopani has implemented a number of safety initiatives that have contributed to the reduction in lost Time Injury Frequency from 9.3 in 2000 to 1.3 in 2014. In a bid to continue improving its safety performance, Mopani has devised …
Read More »LOCAL CONTRACTOR COMMENDS JOINT VENTURE PARTNERSHIP INITIATIVE BY MOPANI
Mopani Copper Mines Plc has implemented a number of programmes aimed at empowering and building capacity of local contractors and other small and medium enterprises in Zambia. The Company is encouraging formation of joint venture partnerships between local contractors and internationally-recognized and well-established foreign firms wishing to do business with …
Read More »ZEST ENERGY CLOSE TO COMMISSIONING ITS FIRST REFERENCE SITE
Playing a key role in the growth of the Zest WEG Group’s footprint across Africa, group company Zest Energy is moving towards the commissioning of its first reference site for diesel power generation in Zambia. Zest Energy also has installations in Congo, DRC, Tanzania, Zimbabwe and Ghana. The order was …
Read More »Zambia’s cobalt exports slump 26 percent – report
Exports of cobalt from Zambia slowed down 26.4 percent last year compared to a year earlier as earnings rose, a report by the ministry of finance says. The slowdown in exports is chiefly attributed to the slowdown in the economic growth of top mineral consumer, China last year compared to …
Read More »Mines in US$500 million windfall?
Zambia, Africa’s leader in copper production may refund mining companies over US$500 disputed repayments in Value Added Tax (VAT) over a staggered period; the post reported citing finance minister Alexander Chikwanda. Earlier reports by Bloomberg News say the Zambia Revenue Authority had last year stopped tax repayments to mines that …
Read More »Ruukki Metals opts in favour of Loesche mills for more efficient steel production
The Finnish steel producer Ruukki Metals is converting its blast furnaces at the Raahe site in Finland from oil injectors to more cost-efficient Pulverized Coal Injection (PCI). The new injection system is supplied by Claudius Peters Projects GmbH and two LOESCHE mills LM 23.2 D will be installed to handle …
Read More »Mopani Copper Mines’ revenue up 18 percent
Revenue for Mopani Copper Mines, a unit of Switzerland based commodity trader, Glencore Xstrata rose 18 percent by December last year as copper sales rose, the company says. In a report for the 12 months period to December 31 last year, Mopani Copper Mines, Zambia’s second leading producer of copper …
Read More »Tanzania’s mining industry seeks to diversify to maximize profits
Tanzania, renowned for gold production seeks to diversify from the mining industry’s over-dependence of gold business into other minerals in the market such as coal, nickel and uranium to maximize on its direct foreign investment in the Eastern African State, a report said. The British market intelligence firm, Business Monitor …
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