The Zambian Mining magazine and Specialised Exhibitions have entered into a media partnership during the Copperbelt Mining and Trade Expo and Conference earmarked for Kitwe in April this year. The trade and expo conference, which has attracted more than 1,500 mining experts globally, will be held in Kitwe, Zambia’s oldest …
Read More »First Quantum Minerals Limited Copper output in Zambia rises four percent
Copper production at Kansanshi Mine Plc, a unit of Canada’s First Quantum Minerals Limited (FQML), rose four percent to more than 250,000 tonnes of copper in 2013, signifying a growth rate compared to a year earlier, the Times of Zambia reported. The miner, with copper and gold production reputation produced …
Read More »ZCCM IH Seeks Strategic Partner over Mukandabwe Coal Mine
Zambia Consolidated Copper Mines Investment Holdings (ZCCM IH) seeks an equity partner to revive operations of the defunct Mukandabwe coal mine Limited, lying 420 kilometres South of Zambia to meet demand for the heating product, the company said. Mkandabwe coalmine is located in mid Zambezi valley lying approximately 17 0 …
Read More »‘Thumbs Up’ for Zambia’s Energy Corp Shareholders’ Rights Offer
Lusaka Stock Exchange approved an application by Copperbelt Energy Corp., shareholders, to buy more shares (Rights Offer) in their company to increase their stakes, following a declaration made in December last year. The shareholders want to purchase 625, 000, 000 new shares in addition to the existing 1,000, 000, 000 …
Read More »Barrick’s Lumwana Miners in Zambia get 11 percent wage rise
MORE than 1,000 unionised workers at Lumwana Copper Mines,a unit of Barrick Gold Limited have received an 11 percent wage increase with immediate effect, the Zambia’s mining union’s general secretary Joseph Chewe says. The upward adjustment for the miners, which comes into effect immediately has been the fruits of protracted …
Read More »Copper Prices up 20 percent, says Zambia’s Central Bank
Copper production in Zambia, Africa’s top producer of the red metal, grew 20 percent in the first quarter 2014 compared to a year earlier, raising hopes of a resurgence in the industry. Copper outturn rose to 174,407 tons in the first quarter 2014 compared with 170,948 tons mined by various …
Read More »Zambia ‘Holds back’ US$500 million value-added tax repayments from mining companies
Zambia, Africa’s leader in production of the red metal has withheld about $500 million in value-added tax repayments from mining companies failing to provide importer documentation, Bloomberg newswire reported. The web-based publication stated that the Zambia’s Revenue Authority (ZRA)has withheld over US$500 million in repayments after it last year introduced …
Read More »Jinchuan Group Resources Buys off Munali Nickel Mine In Zambia
Shareholders of Albidon Limited, co-owners of Zambia’s sole producer nickel, have allowed a 100 percent ‘buy off’ of the company to Jin Tuo Investments limited. The agreement signed on 15 May last year, ostensibly means that co-owners, Jinchaun Group Resources, with 53 percent shareholding in the company, Albidon Limited, a …
Read More »‘Low Miners’ wages hampers Government revenue collection, says Labour Union
Majority of miners in Zambia, Africa’s leading copper producer fail to contribute revenue to Government because of low wages, the Post reported, citing Mining workers Union of Zambia. Majority of the lowest paid miners in the copper industry get salaries below K3,000 (US$150), making it difficult for the government to …
Read More »Renowned actress Kunis ‘heralds’ Zambia’s Gemstone at 2014 Global Golden Awards
Mila Kunis, a renowned actress at the Hollywood, has reaffirmed Gemfield Zambia Limited’s reputation as a global leader and supplier of responsibly sourced coloured gemstones precious metals when she wore emerald jewellery at the 71st Golden Globe Awards on Sunday night in Los Angeles. Kunis, who previously won a Golden …
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