In response to an article that appeared in Fin 24 on June 15th of this year, Gwede Mantashe, the Minister of Mineral resources and Energy, warned of the use of illuminating paraffin (IP) to doctor diesel in an attempt to defraud the revenue services and increase profits. The following article …
Read More »viDoc RTK smartphone rover accuracy certified by Bureau Veritas
Pix4D, the market leader in photogrammetry solutions, is pleased to announce the certification of the viDoc by Bureau Veritas. This official recognition confirms that the viDoc is accurate enough to be used in industry. The Bureau Veritas found the viDoc to have a margin of error of less than 5cm, …
Read More »No investor could buy KCM without our consent-Vedanta
Konkola Copper Mines (KCM) should not look for a new investor until the legal dispute with Vedanta Resources is resolved, the Indian mining company stated on Tuesday. In May 2019, the former administration in Zambia placed KCM under the control of a liquidator, starting the continuing legal battle with Vedanta …
Read More »Gemfields share price soars by 7%
Gemfields’ stock soared nearly 7% on the JSE yesterday after the supplier of coloured gemstones said that its first ruby auction of the year brought in $95.6 million (R1.6 billion), the company’s all-time high auction income. In intraday trading on Monday, the shares were trading at R3.55. The Gemfields Group, …
Read More »Efficiency maximised; costs minimised: Transforming manufacturing in Africa
The African manufacturing sector has seen fractured growth over the past two years thanks to the complexities of the pandemic and its subsequent economic disruption. This is due to limited resources, impacted supply chains and the limitations of lockdowns, globally. In South Africa, manufacturing production saw a sharp decline month …
Read More »WearCheck acquires Set Point Water Laboratories
Condition monitoring specialist company, WearCheck, has brought their sister company, Set Point Water Laboratories into the fold, adding a new division to WearCheck’s scientific testing structure. The water analysis company is now integrated fully into WearCheck, and forms yet another area of expertise along with WearCheck’s other services, which include …
Read More »ZCCM-IH outsource strategic review and determination of Mopani Copper Mines
ZCCM-IH, an investment firm, has announced that it has chosen to outsource the strategic review and determination of Mopani Copper Mines – MCM to a South African unit of Rothschild & Co (another investment firm). When mining expert Edward Simukonda challenged the investment company (ZCCM-IH) and the Industrial Development Corporation …
Read More »Introduction of electric trains too expensive at the moment-ZRL
Zambia Railways Limited (ZRL) has confirmed that it has no plans to introduce electric trains in the railway transport sub-sector at this time. Even though the company is using a system that is currently slow and needs to be redesigned, this is the case. Caristo Chitamfya, ZRL Public Relations Manager, …
Read More »Holding our mining houses to a higher standard
By PROFESSOR OLIVER SAASA* Venerated novelist, essayist and critic George Orwell once said, “If liberty means anything at all, it means the right to tell people what they do not want to hear.” Among the many things that have often been difficult to hear is the opinion that Foreign Direct …
Read More »Efforts are continuing to find a solution that unlocks KCM’s potential and delivers maximum benefit to the people of Zambia
Zambia’s decision to take control of a copper mine in the country’s north three years ago will be subject to an arbitration hearing in London in January, the country’s mines minister announced on Wednesday, amid a long-running dispute over the mine’s ownership. Zambia handed control of Konkola Copper Mines (KCM) …
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