Blackthorn Resources Limited, owners of Kitumba copper project in Mumbwa says it envisaged a lower than anticipated capital cost of developing the project which it seeks to develop into a full scale mine and produced over 39,000 of copper annually, the company said in its report.  The minerals exploration and …

Zambian born economist-cum writer Dambisa Moyo has been elected to the Board of Barrick Gold Corporation, owners of Lumwana mine in North Western Province, the company has announced. A controversial economist who writes on macroeconomic and global matters, Moyo was recently elevated to the 11-member board as one of the …

Angola wants its mining sector to become one of the major contributors to the country’s Gross Domestic Product (GDP) and to be one of the most important sources of employment. So asserted Geology and Mines Minister Francisco Queiroz in his address in Luanda on Mineworkers Day, April 27 whose theme …

As operations ramp up at its 75%-owned Montepuez ruby deposit in Mozambique, Aim-listed Gemfields is preparing for its inaugural ruby auction in Singapore in mid-June. “Gemfields is pleased to report on another sound quarter [to March], which has seen further progress at the Montepuez ruby deposit. Bulk-sampling operations continuing to …

 London-listed coloured-gemstones mining and marketing company Gemfields, which Pallinghurst chairperson Brian Gilbertson says is doing for emeralds what  did for diamonds, is now aspiring to repeat the performance in rubies. Gemfields, in which the resources fund of the JSE-listed diversified mining company Pallinghurst has a 38% holding, is rolling out …

 Australia Stock Exchange -listed Queensland Bauxite on Tuesday announced that it would buy an interest in two Mozambique coal exploration licences in the Zambezi basin, close to majors such as Vale and Rio Tinto. The junior said it had signed a binding term sheet with Australian unlisted company Regius Coal …

24-25 June 2014, Lusaka, Zambia www.ZIMECZAMBIA.com Lusaka, March 2014 – Organised by AME Trade in association with the Ministry of Mines, Energy and Water Development and the Association of Zambian Mineral Exploration Companies  Zambian business environment), ZIMEC is now in its fourth edition. The 2013 edition attracted 482 participants and …

The order covers the full engineering and supply of two LOESCHE vertical roller mills. One LM 41.4 which will grind cement raw material at a product rate of 200 tons per hour with a fineness of 15 percent R 90 μm and one LM 19.2 D coal mill with a …

CIVILSTRUTS Consortium Limited, an indigenous Zambian firm, has agreed to buy off all core mining assets of the Collum Coal Mine. According to an assumption of debt agreement signed between Civilstruts Consortium Limited and Collum Coal mining industries Limited on February 22, 2014, Civilstruts agreed to acquire 100 per cent …

COPPERBELT Energy Corporation says the revocation of SI 33, which banned the use of foreign currency in local transactions, will help expedite sourcing of finances for the Kapombo Hydropower project. Copperbelt Energy Corporation managing director for operations, Owen Silavwe, said revocation of Statutory Instrument 33 would ease some of the …