GEMFIELDS Plc estimates a 46 per cent fall in full-year auction revenue after it delayed its rough emeralds auction by a month following a directive by the Zambian government. The government issued a directive in April that all auctioning of emeralds mined in the country be held in Zambia as …

Tanzania has coal reserves of up to five-billion tonnes, more than thrice its previously stated figure of about 1.5-billion tonnes, Energy and Minerals Minister Sospeter Muhongo said on Wednesday. Tanzania produces coal from two mines mainly for domestic use, such as power generation. It has plans to increase its coal-fired …

Aim-listed gemstone miner Gemfields has warned shareholders of a possible ban by the Zambian government on the sale of domestically mined gemstones outside of the country, which would severely impact on the company’s revenue. If instituted, the measures would prevent the company from freely selling its gemstones in the markets …

JOHANNESBURG  – Given Botswana’s vast coal reserves, which were estimated at 200-billion tons, the country’s coal mining industry should seek to encourage investment and drive expansion in power generation, rather than ramping up its thermal coal exports over the next few years, research firm Frost & Sullivan mining, manufacturing and …

EIGHT Zambians that were arrested and prosecuted by authorities in Congo DR for illegal mining activities have been brought back into the country. EIGHT Zambians that were arrested and prosecuted by authorities in Congo DR for illegal mining activities have been brought back into the country. Mkushi district commissioner Christopher …

The kwacha is expected to soften next week due to a strengthening of the dollar against other currencies and its long-term prospects are bleak given waning offshore investor interest in Zambian assets. Commercial banks quoted the currency of Africa’s top copper producer at 5.380 to the dollar on Thursday, down …

First Quantum Minerals Ltd, which is engaged in a hostile takeover bid for rival base metal miner Inmet Mining Corp, reported a 146 percent jump in quarterly profit, helped by higher copper and gold sales. Net earnings attributable to shareholders rose to $186.7 million, or 39 cents per share, in …

In a continued effort to stay abreast of new technology in geotechnical investigations and exploration drilling, Geomechanics recently took delivery of its new R7million, track mounted Sonic 450-24 drill rig.   Sonic Drilling offers many advantages over conventional rotary core and percussion drilling techniques in overburden ground conditions: It delivers …

LUSAKA – The national railways of Zambia, Democratic Republic of Congo and Tanzania have signed an agreement to make it easier to transport goods such as copper by rail between the countries, an official said on Monday. Until now, railway traffic has often been held up by paperwork and procedures …

COPPER prices rebounded last week after latest data in the United States showed demand for the metal could be boosted. Copper for delivery in three months rose as much as 0.6 per cent to US$ 7,738 a metric tonne on the London Metal Exchange and was at US$ 7,725.25 on …