The Ministry of Energy and Mineral Development in Uganda has started the process of revising some clauses in the mining laws to attract the highly mobile capital and finance needed to establish a modern and viable mining industry. The laws in question are; the Mineral Policy, which was put in …
Read More »Mozambique in talks with coal mining companies over depressed market
Mozambique, one of Africa’s fastest emerging mining frontiers is dialoguing with its foreign coal mining partners’ to find ways of helping them ride out depressed markets following a free-fall of the price of the heating commodity, says its mineral resources minister, Esperance Bias. The price for thermal coal has plunged more than …
Read More »Chamber of mines calls for ‘attractive policies’ to spur mining
Zambia, one of Africa’s leading copper producers should initiate reliable and predictable policies to attract direct foreign investment into the mining and copper industry, the chamber of mines says. Chamber of Mines of Zambia, a consortium of foreign mining companies operating in Zambia says Zambia is still very competitive as …
Read More »President Mutharika sees mining as Malawi’s economic option
Malawi President, Arthur Peter Mutharika seeks to transform the country-chiefly reputed as an agricultural – driven economy- into a mining frontier to assist accelerate its growth. With barely 60 days in office, having ascended to power on the Democratic Progressive Party (DPP) ticket in the country’s first tripartite elections, Mutharika looks poised …
Read More »Metorex Chibuluma Mines to spend US$26 million for explorations, official
Metorex Mining Limited, the South African based mid-tier mining group plans to spend over US$26 million to undertake exploration activities at its Chibuluma mine in Zambia over the next two years, says a mine official. General Manager Jack Sikamo said while the company already spent US$12.7 million in strategic capital …
Read More »CEC sues KCM over US$30 million power debt
Copperbelt Energy Corporation, Zambia’s supplier of electricity to mining companies on the Copperbelt has dragged Konkola Copper Mines to court over a US$30 million debt it is owed based on an internal agreement, the Post reported. Citing an affidavit filed before the Lusaka High Court, CEC wants KCM, a unit …
Read More »African Union praises Zambia’s ‘economic gains’
The African Union has noted Zambia’s resilience to improve its growth prospects and has attributed the good investment environment in the country to the Government’s good management of the economy and the prevailing peace. Ambassador Jean-Baptiste Natama, Chief of Staff of the Bureau of the Chairperson of the African Union …
Read More »Chamber of mines in Zambia seeks partnership over mineral data production
The Chamber of mines in Zambia, a consortium of foreign mining companies operating in the copper rich southern African state seek to partner with other players in the industry for comprehensive and accurate information on the production of minerals as the country grapples to increase production. The chamber of mines …
Read More »Zambia’s Copper concentrate export ‘ban’ still in force
Zambia’s ban on exports of copper concentrate to foreign – based smelters remains in force because the country has enough capacity to process the raw material, says mines minister Christopher Yaluma. Last year, a debate ensued as to whether foreign mining companies operating in Zambia should continue exporting copper concentrates …
Read More »Ivanhoe Mines sees high grade mineral resources in Democratic Republic of Congo
Ivanhoe Mines, the Canadian based – focused and diversified mining project developer is reportedly making headways in its underground diamond-drilling program at its Kipushi unit in the Democratic Republic of Congo. The diversified miner, formerly known as Ivanplats said initial assay (sample) results from its 70 year-old Kipushi copper/zinc/germanium/lead and …
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