OPERATIONS at Collum Coal Mine which government recently seized have grounded to a halt, chief Sinanzongwe confirmed yesterday. ZCCM are already at the site [ but nothing is happing]. I went to the site to go and see… [ and found that] the mine is not in operation,” chief Sinanzongwe …

FIRST Quantum Minerals ( FQM) has pledged to cooperate with the Zambian government following the suspension of its surface rights at the Kalumbila mining project. Recently, lands minister Wilbur Simuusa announced the cancellation of FQM’s surface rights which intended to build an ultra- modern housing complex for workers. The government …

A LOCAL development analyst has challenged the government to disclose the details of the investment protection deal it recently signed with Canada. Canada, home of the largest mining investors in Zambia, last week moved in to secure its investments in Zambia with the signing of a foreign investment promotion and …

Gemfields H1 earnings slump to $19.5m on fewer auctions   Aim-listed gemstone miner Gemfields on Monday reported earnings before interest, taxes, depreciation and amortisation of $19.54-million for the half-year ended December 31, 2012. This was down from the $32.44-million posted for the comparative 2011 period. Gemfields’ after-tax net profit also dropped from its …

KONKOLA Copper Mines and Zambia Railways have signed a memorandum of understanding which will see the railway company transporting lime from Ndola to the mine in Chingola. The MoU is expected to culminate into a long- term agreement, which would enable Zambia Railways to transport KCM’s copper anodes from Chingola …

A JOINT venture company where Copperbelt Energy Corporation ( CEC) has 50 per cent shareholding has acquired 60 per cent interest in the Abuja Electricity Distribution Company that supplies power to over 10 million people in Nigeria. KANN Utility Limited is a joint venture company between CEC Plc and XerXes …

MOPANI Copper Mines yesterday unveiled a US$27 million (KR142 million) project for upgrading its cobalt plant aimed at securing more than 300 jobs. According to a press release made available yesterday, Mopani Copper Mines chief executive officer Danny Callow stated that the project was critical to Zambia’s economy as the …

THE British Standards Institute (BSI) has re-certified Mopani Copper Mines for operating in compliance with the international quality management system standard. In a statement released yesterday, Mopani Copper Mines chief executive officer Danny Callow stated that the recertification followed a successful quality management system audit which took place in December …

Zambia has managed to increase the cost of its mining licences in order to bring them in line with other countries, stated Minister of Mines, Energy and Water Development, Yamfwa Mukanga. The fees for large-scale mining and change of control licences has been increased to 28 800 kwacha from 1 …

The government has cancelled Collum Coal Mining’s licences and immediately taken over operations of the troubled and dangerous underground mine situated in Sinazeze district. Mines minister Yamfwa Mukanga said the mine, which is a hotbed for acrimonious relationships between local labourers and their Chinese masters, would be run by ZCCMInvestment …