Business

President Hakainde Hichilema has officially opened Zambian owned Luongo Musamu Manganese mine in Mutipula Chiefdom of Chipili District in Luapula Province. This is a notable milestone investment in the province and in Zambia. “Our vision of making our citizens the main beneficiaries of our country’s endowed resources are our responsibility and …

Lufwanyama-based Kagem Mining continued to put Zambia’s gemstones at the forefront of world demand this week as it unveiled a giant 37kg cluster of emeralds. The team’s find – named the Kafubu Cluster –  is expected to be the most expensive single emerald piece ever sold by the company when …

The transformation of Lumwana from a marginal copper asset into a world-class operation demonstrates the commitment of Barrick Gold Corporation to expanding its copper holdings in Africa and globally, president and Chief Executive Officer, Mark Bristow has revealed. Bristow told media that since 2019 Lumwana’s fortunes had been turned around …

Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the COVID-19 pandemic hit. China co-chairs a committee of official bilateral creditors with …

MCL Community vision comes into focus Vice President W.K. Mutale Nalumango on 10th October, inaugurated the Maamba Eye Care Centre, set up by Maamba Collieries Limited (MCL), in partnership with the Ministry of Health and Operation Eyesight Universal. Speaking during the inauguration Mrs. Nalumango said, “…Through this partnership, the private …

The organizers of the Zambia International Mining and Energy Conference and Exhibition (ZIMEC 2022) have announced that the 10th edition will be held in Kitwe, Zambia’s mining capital. The organizers, the Ministry of Mines and Minerals Development, the Ministry of Energy, and the Chamber of Mines of Zambia, in collaboration …

First Quantum Minerals (FQM) anticipate heightened trade and job creation in North-Western Province, following government’s approval of the Kalumbila Multi-Facility Economic Zone (MFEZ). In addition, the development is expected promote the area as an attractive foreign investment destination FQM says the final approval of the facility by the Ministry of …

A thirty-year partnership between Terex Washing Systems and multi-franchise distributor, ELB Equipment, has led to customers in southern Africa delivering some of the highest quality washed sand and aggregates for use of many of the country’s flagship infrastructure projects wherever speciality and higher strength concretes were preferred. The advanced nature …

MAJOR mining companies are getting increasingly involved in the Central African Copper Belt, expanding existing operations and exploring new discoveries as the positive fundamentals for copper in terms of soaring demand and limited new supply remain in place. Those groups include Barrick Gold, Anglo American, Ivanhoe Mines and First Quantum, …

Manufacturing is an inherently energy-intensive sector. According to the EIA, 35% of energy consumption in the US is attributed to the industrial sector of which 81% is used by manufacturing. In South Africa, the industry is equally the primary user of power at 52% of the total electricity consumption, and …