Mining Companies should strive to ensure that they commensurate their investment in communities they operate to allow locals benefit from the corporate social responsibility, says deputy mines minister, Richard Musukwa. Various companies in the private sector have to date invested over US$220 million in various communities where they operate. Mining …
Read More »Tap into unexploited Mining resources, Exploration Companies Challenged
Exploration Companies need to tap into vast unexploited mining resources as part of the diversification from the mono-commodity copper mineral and assist develop the sector’s operations in the country, says mines and mineral resources minister Christopher Yaluma. The spreading of exploration activities in unexploited areas will assist Zambia; Africa’s leading …
Read More »Gemfields’ ‘emerald’ profits up 137 percent, says report
Revenue for the world’s largest emerald producer, Gemfields Limited Plc., rose 137 percent during the last six months ending December last year, compared to a similar period a year earlier. The rise in revenue spurred by its new advertising campaign image entitled ‘The Art of Colour’ unveiled, has boosted the …
Read More »Congo Beats Zambia in Copper Output? How the country can get its mojo back
By Matthew Hill Early figures show Zambia in 2013 lost its standing as Africa’s biggest copper miner- held for the past 26 years, according to a metals analyst CRU Group. With the massive mining projects underway in the country, will the home of the continent’s biggest reserves of the red …
Read More »Lumwana Mine not processing Uranium yet, says Minister
The uranium being extracted at Lumwana mine in Zambia as a by-product of copper ore, is merely being stockpiled and not processed, says Mines and energy minister Christopher Yaluma. Yaluma told lawmakers on February 25 that although there were stockpiles of the uranium product at the mine in north western …
Read More »ZCCM-IH in K275 fillip for gemstones value addition, President Sata
Government seeks to enhance the growth of the extractive industry by taking bold decisions that will benefit the Zambian people from the country’s mineral wealth as adopted by the Government when it ascended to power in 2011. President Michael Sata noted that although there have been some pockets of ‘resistance …
Read More »First Quantum laments low smelting capacity in Zambia as weir Minerals Africa joins other engineers at Kalubila-Trident site
First Quantum Minerals Limited has lamented the constrained copper smelting capacity in Zambia which has negatively affected the company’s annual profits recorded at its Kansanshi unit in Solwezi, north western province, a company official says. Chief executive officer and Chairperson Phillip Pascall said inadequate smelting capacity forced a build-up in …
Read More »Munali Nickel Mine in Zambia may resume in June 2014
Munali Nickel Mine -Zambia sole miner of the alloy has been planned to resume operations by June this year since it halted production in 2011. The forecast resumption of production of the metal follows commencement of a preplanning programme by new investors and developers; the Times of Zambia reported citing …
Read More »Mopani Copper Mines copper output rises 12 percent, says report
Glencore Xstrata increased its copper outturn by more than 12 percent at its Mopani Copper Mines in Zambia last year compared to a year earlier, as expansion bolstered by investment in the local unit rose; company says. Annual Copper output rose 12 percent to 111,000 tons last year compared to …
Read More »NFCA Chambishi mine sets aside US$100 million for SEOB-report
China’s Non Ferrous Africa Mining Corporation (NFCA) plans to spend US$100 million this year towards the development of the South East Ore Body Mine (SEOB) at its Chambishi unit in Zambia as it seeks to expedite the project. It is estimated that when the project is complete more than 5,000 …
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