Business

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 …

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 …

Natural resource-based sectors, including agriculture and mining, still account for, on average, 25% of gross domestic product (GDP) in the southern African region (SADC). This means that SADC member states’ continued economic dependency on natural resources and unprocessed commodities hampers the realisation of the region’s market integration goals and industrialisation. …

After the Zambia Revenue Authority Commissioner-General Kingsley Chanda said the Chamber of Mines should not alarm the nation by issuing false statements on Mineral Royalty Tax. The Chamber of Mines says it will stand by what it earlier stated that the Mineral Royalty Tax dropped by 12 per cent and …

Jubilee Metals Group has announced that it has signed a Joint Venture Agreement with a private Zambian company securing the rights to process 2 Mt copper Run-Of-Mine material containing in excess of 2% copper. This in line with the company’s stated strategy to expand operations in Zambia. Under the JV …

Zambia’s largest taxpayer, First Quantum Minerals, has called upon non-corporate actors to better acquaint themselves with the mining sector’s contribution to community development. The mining company said that inaccurate reports from some non-governmental organisations (NGOs) have been misleading and constitute the spreading of ‘fake news’. Such reports have the potential …