US- and Canada-listed global gold mining behemoth Barrick Gold has released a good June quarter result showing a surge in profit on a higher gold price. Guidance for 2020 was maintained, with Barrick on track to hit its full-year forecast. We believe the investment case for precious metals – and …

Economic growth takes centre stage In Part 1 of Zambia’s history of copper production, we reflected on the country’s progression from the early days of large-scale production of the red metal almost 100 years ago, to the challenges that led to the re-privatisation of the industry at the end of the …

Arc Minerals director and executive chairman, Nick Von Schirnding, believes that a name change, new leadership and a sole focus on a single commodity has put AIM-listed Arc Minerals on a strong footing to progress its copper assets in Zambia. Von Schirnding, who has more than 25 years’ experience in …

Zambia and Swiss-based Glencore are at “cross purposes” over Mopani and ZCCM-IH aims to increase its shareholding in Mopani to 51% “or even more”, from 10% currently. This is according to Zambian Mines Minister Richard Musukwa who announced this recently. According to two sources close to the proceedings, Glencore is likely …

It is reported that Zambia seeks to control  Mopani Copper Mines by claiming a bigger stake in Glencore’s majority-owned company. Glencore owns 73.1%, First Quantum Minerals 16.9% and ZCCM-IH, Zambia’s mining investment arm, 10% of the operation, which was shuttered briefly earlier this year. Mines minister Richard Musukwa told press …

Stabilising operations, maintaining workforce and production have become a difficult task for the mining sector amid the COVID-19 pandemic and an unfavourable mining tax code, but FQM has so far achieved mostly positive results Global mining giant First Quantum Minerals (FQM) has maintained jobs and production at its operations in …

Africa’s second-largest copper producer, Zambia, has faced hurdles to export its copper amid the COVID-19 pandemic as it is a landlocked country which needs to use ports in other countries situated near the seacoast like South Africa. The country’s copper exports to China have been affected by COVID-19 lockdowns imposed …

While the mining sector may lag behind many other industries in its inclusion of women, there are plenty of examples of highly skilled professional women making their mark in the technical consulting field. This is according to Vassie Maharaj, a director, partner and principal consultant in social risk management and …

The strategic partnership between Ivanhoe Mines and China Nonferrous Metal Mining (CNMC ) would see the two companies being active in the Democratic Republic of Congo (DRC), exploring the production, smelting, and logistics opportunities. Canadian mining company Ivanhoe Mines has signed an agreement with CNMC, to jointly explore, develop or …

As a child, Clement used to live in Chingola, a city located near Nchanga, the country’s largest and world’s second-largest copper mine. The boy’s elder brother worked at that mine and used to mention the difficulties he was facing or what he would like to learn. Clement also visited the …