There is need to interlink and integrate the development of mining in Africa with the available infrastructure for the continental to develop as espoused by the African Union, South Africa’s Mineral Resources Minister Susan Shabangu has noted. Speaking at the opening of the 20th Mining Indaba in Cape Town South Africa …
Read More »Evoked Tax Incentives –No Harm on Zambia’s investment potential, says report
Recent adjustments made by the Zambian Government on mining incentives given to multinational companies operating in the Southern African and Africa’s top copper producer will not harm the country’s desired investment growth in the sector, a report says. Recently, the Government reviewed various incentives accorded to mining companies in their …
Read More »African Mining Indaba 2014 implored to resolve Continent’s ‘Crunching’ Problems
The 20th International Mining Indaba should endeavor to resolve various challenges besieging countries with mineral wealth, Zambia inclusive, to benefit the people, says British Charity, Oxfam. Keith Slack, Oxfam Global Program Manager for Oxfam America’s Extractive Industries team wrote his visions ahead of the conference which goes underway Cape Town, South Africa …
Read More »Zambia’s Government ‘May’ Reposes Chambishi Metals Mine Plc copper slug Heap
The Government has threatened to repossess the Nkana copper slug heap in Kitwe from Chambishi Metals, a subsidiary of China Non-Ferrous Metal Industry Foreign Engineering and Construction Company Limited, following delays by the miner to develop the structure, Zambia’s Mines, energy and water development deputy Richard Musukwa says. The Government …
Read More »Dialogue with mining companies on policy Changes to develop sector, EITI urges Zambia
Zambia should act cautiously when implementing policies intended to maximize returns on its mineral wealth and avoid stifling high productivity of the red metal, the Extractive Industries Transparency International says. The EITI notes that while Zambia seeks to ‘recoup’ resources that have not been realized over the years, given various …
Read More »KCM Cites reasons for late payment of wages for employees
Konkola Copper Mines, a unit of Vedanta Resources Plc, has cited challenges faced by some commercial banks in Zambia as reason for delays in paying its workers monthly wages, local media reported. The delays are caused through some banks’ internal arrangements including the inward and outward clearing of cheques are …
Read More »Integrated inks farm-in deal in Zambia
Junior explorer Integrated Resources has entered into a conditional farm-in agreement to acquire 3 000 km2 of copper exploration tenements in Zambia. Under the terms of the transaction, Integrated would pay a signing fee of $120 000 for the four tenements, along with a $50 000 exclusivity fee, which was paid …
Read More »‘Approved’ Construction of Kangaluwi Mine in National Park Raises Dust
Pitted differences between 100 Civil Society Groups and the Zambian Government have arisen following an approval for the construction of a new copper mine in Lower Zambezi National Park. Recently the Government approved the construction of Kangaluwi copper mine in lower Zambezi national part, a decision the civil society groups …
Read More »Maximize on Resources from Mining, IMF urges Zambia
The Brettonwood institution and global lender, International Monetary Fund (IMF), has regretted that the mining and copper sector in Zambia has remained dormant despite its potential to be the country’s major foreign exchange earner and bolster infrastructure development. Deputy IMF director for Africa David Owen noted that despite the mining …
Read More »Zambian Mining Magazine signs Media agreement with Copperbelt’s Trade Expo
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 …
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