Business

First Quantum Minerals (FQM), paid ZMW 20.4 billion in taxes and royalties independently audited Zambia Extractive Industries Transparency Initiative (ZEITI) 2021 annual report on tax payments and receipts The sum amounts to 61 percent of the total amount – nearly ZMW 34 billion – received by the government from the …

ANGLO American is returning to full-scale exploration for copper in Zambia after signing the provisional JV agreement it struck with London-listed junior Arc Minerals in May last year. In terms of the deal Anglo will own up to 70% of the JV company in return for the investment of up to …

In the Lyovu rural district of Zambia’s North-Western province, located near an area where its copper and cobalt exploration is underway, Anglo-America will be helping to improve access to education for 160 high school-aged girls. To do this, it has launched a partnership with the humanitarian organisation World Vision to …

Dewatering, slurry and sludge pumps specialist Integrated Pump Technology is growing its support capacity for Gindex pumps to ensure customers are well served as demand steadily grows. “Our expansion into the Southern African Development Community region and beyond has been built on the proven quality of rugged Grindex pumps underpinned …

While the mining industry makes a significant contribution to South Africa’s Gross Domestic Product (GDP), the full economic impact is actually much greater. “Mining is a mining company’s core business, and mining itself is a major job generator. But its own value chain has a major spin-off not only in …

The process is long and painful, with thousands of commercial creditors first needing to agree to a haircut, before China and the Paris Club can restructure the nation’s US$13 billion external debt pile. Minister of Finance Situmbeko Musokotwane  in an interview said “Time is of the essence”, we should all …

Rio Tinto and First Quantum Minerals (FQM) have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at …

Kagem Mining Limited has delivered a US$5 million dividend to the Industrial Development Corporation (IDC) Limited, which owns 25 percent of the emerald mining company in Lufwanyama. The dividend is for the second consecutive year, of the first dividends delivered since 2016. This dividend is in addition to the US$11.5 …

The DRC Mining Week in Lubumbashi has attracted the South Africa’s Department of Trade, Industry and Competition (DTIC) to host a South African pavilion at the event. Participation at the event scheduled for the 14th to 16th June, of the South African delegation will comprise companies providing the latest mining …

Faberge gems brand proprietor Gemfields Bunch detailed a 2% rise in full-year benefit on Friday made a difference by higher costs for uncut emeralds and rubies. The valuable stone mineworker said feature profit per share, the most benefit degree in South Africa, rose to 4.8 US dollar cents for the …