Business

Tata International Africa and Tata Africa Holdings MD Len Brand believe that there is no end in sight for the current supply-chain disruptions affecting truck brands. “These disruptions will eventually put pressure on vehicle prices, resulting in a negative impact on truck sales.” Brand says the shortage in components owing …

Zambia government has revealed that by 2024, the country’s GDP is expected to rise to 4.4 per cent following strategic interventions in the agriculture, tourism, mining, manufacturing, energy, and transport sectors. The government has also projected a modest 3.5 per cent rise in its Gross Domestic Product (GDP) for 2022, …

Joint ventures, rather than outright acquisitions, have the advantage of spreading the risks associated with complex minerals that may not provide the margins of the traditional bulk commodities. As the trend gathered pace, the world’s largest listed BHP Group (BHP.AX), this month said it had spent $40 million to advance …

Safe and efficient blasting has taken a momentous step forward with Omnia Group company BME’s launch of AXXIS Titanium™, one of the world’s most advanced electronic blast detonation systems. BME Managing Director Ralf Hennecke has hailed AXXIS Titanium™ as a significant advance for the company’s ever-evolving technology offering, securing BME’s …

ASX-listed Woodside CEO, Meg O’Neill, has revealed that the company is looking forward to developing Pluto Train 2 in close collaboration with GIP as they bring vast global capabilities.  Woodside Energy has completed the sale of a 49% non-operating participating interest in the Pluto Train 2 joint venture (JV) to …

According to Mark Bristow, CEO of Barrick Gold, the normalization of Zambia’s fiscal restrictions was “a very significant event” in the country’s efforts to attract fresh investment. Zambian tax policies were revised in its national budget last week, just two months after Hakainde Hichilema was elected as the country’s new …

The proven mining-sector material handling capability of Unitrans Africa (UA) is laying the groundwork for a bright future marked by unique innovation in key areas of the company’s operations. Unitrans Africa’s bold, long-term vision includes electric vehicles as well as real-time stockpile management and reporting. But none of these concepts …

First Quantum, based in Canada, has reduced its total copper production guidance for the year by 15 000 t, to a range of 800 000 t to 835 000 t, as it revised expectations for output from the Cobre Panama mine, as well as Kansanshi and Senitel in Zambia. The …

Mining corporations are considering investing in nations that they previously deemed too hazardous, such as the Democratic Republic of the Congo and Zambia, owing to a shrinking pipeline of large copper mines elsewhere and record-high prices. Because of investor concerns about unpredictable regulatory regimes, difficult working conditions, and corruption, some …

Robert Kamanga, the deputy Chief Executive Officer of China Non-Ferrous Metal Business (CNMCLuanshya )’s Copper Mines ( LCM), said his company is considering shutting down mine operations at its Baluba shaft in 2022. Mr Kamanga claims that the LCM has exhausted all copper reserves at the mine, prompting the decision …