Consistency in policies coupled with dialogue among players in the mining industry has sustained Chile’s reputation as the global top copper producer, which if emulated, Zambia can compete as world’s leader too, an expert says. Chile accounts for 80 percent (lion’s share) of the global copper production, recording a high …
Read More »Mining Companies in Zambia contest 28% energy tariffs
The revised 28.8% energy tariffs for mining companies in Zambia-Africa’s rich copper producer has taken a new twist with the chamber of mines contesting in the courts of law, that decision by the energy regulatory body effected on 2nd April this year. The courts have since granted a judicial review …
Read More »First Quantum Minerals seeks to “Localise” jobs at its Zambian Unit
In what will, if successful, be the first step in ensuring that qualified Zambians are considered for top jobs in line with their skills and abilities since mining started in Zambia over 80 years, Toronto listed miner, First Quantum Minerals Limited, has taken a bold step. According to the company’s …
Read More »Vedanta Resources keen to remain in Zambia
Amid the fray over the alleged underpayment of tax to the Zambian Government coupled with the recent ‘mocking’ of the laxity in mining policies that has seen the company pocket over US$500 million in profits annually, Konkola Copper Mines wants to remain in the copper rich nation for over 50 …
Read More »Africa one capital seeks to increase exposure to Zambian Copperbelt
The Africa One Core Mining Services Fund, ran by Africa One Capital PCC of Mauritius, has announced that it seeks to expand its investment on the Zambian Copperbelt by investing in key strategic partnerships as well as funding expansion projects of its local subsidiary Group R Mining & Exploration (Zambia) …
Read More »FQML ‘staggers’ US$1 billion capital outlay for Zambia
Uncertainty in fiscal regime coupled with bureaucracy have forced Toronto listed and leading copper and gold miner, First Quantum Minerals to ‘hold on’ to its planned US$1 billion capital outlay to Zambia. While there has been remarkable investment at its flagship and US$2 billion Trident Kalumbila mine in Solwezi in …
Read More »Glencore Xstrata ‘flagship’ shaft set for 2016
Part of the shaft being sunk Swiss-based commodity trader, Glencore Xstrata’s planned commissioning of the US$323 million synclinorium shaft at its Nkana operations in Kitwe is earmarked for next year as it seeks to boost production. Mopani Copper Mine, Zambia’s second leading producer of copper and cobalt seeks to increase …
Read More »Master Power’s R&D Department Stresses Innovation
South African electricity supplier, Eskom recently announced intentions to reintroduce load shedding as South Africa is experiencing winter. The detrimental factors to this course of action are obvious, including the disruption of business and income generating activities. Therefore, continuous power management solutions are essential. Master Power Technologies, with operations in South Africa …
Read More »Trident Kalumbila mine project on course
Work on $2 billion Kalumbila minerals, a subsidiary of Toronto listed miner, First Quantum Minerals Limited, situated in Solwezi, is progressing well with the miner seeking to connect to the national grid by December this year. The mine, lying 140 kilometres west of Solwezi, which will embrace a US$680 million …
Read More »Copper a major determinant for Zambia’s growth-Scott
The two-day Zambia Mining and Energy Conference opened in Lusaka, today, with Vice President Guy Scott reiterating the need for the Southern African state to review its total dependence on copper as the main source of revenue for economic growth. Scott noted that while Zambia cannot give up copper, gold …
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