Business

GV Gold, also known as Vysochaishy, one of the fastest-growing Russian gold mining companies, has rolled out the Zyfra OpenMine fleet management system (FMS) at its Ugakhan Mine in Russia’s Irkutsk Region in Siberia. The implementation of the project has resulted in a year-on-year ore production volume increase of 11%. …

With the COVID-19 pandemic triggering a fall in the price of copper , this spelt doom to many Zambian copper miners who depended solely on mining as a source of income. Nevertheless, this is not the case with the Serenje community, whose entire workforce has turned to agriculture. Young Zambians …

According to Mateyo Kaluba, Chief Executive of Industrial Development Corporation( IDC), ZCCM-Investment Holding (ZCCM-IH) should seek its own mines, do explorations and develop mining operations. This will give the company higher stakes in future mining ventures. This comes on the backdrop of a declaration by Zambian authorities that the state-owned …

Diversified miner Glencore made payments of $7.7-billion to the governments of countries in which it operates in 2019. This includes $96.6-million paid to the South African government in taxes, royalties and other payments. It paid Argentina $21.6-million, Australia $1.6-billion, Bolivia $10.9-million, Cameroon $5.3-million, Canada $51.4-million, Chad $88.6-million, Chile $235.6-million, Colombia …

The Zambian mines ministry has disclosed that mineral exporters deliberately submit low-grade samples to the state laboratory, causing an undervaluation of mineral exports and depriving the government of mineral royalty tax revenue. Mines ministry officials said starting next month, it will personally collect samples from mine sites around the country …

The expectations and priorities of a modern-day investor in the mining sector have significantly changed in line with global demand for more responsible and sustainable extraction of mineral resources. ESG, referring to the performance of investment portfolios against Environmental, Social and Governance (ESG) standards, has firmly established itself across the …

Despite the short-to-midterm challenges of the global pandemic, the biggest challenge for multinational mining companies over the next decade will be responding to investors’ growing focus on environmental, social and governance (ESG) issues. As a focal point of how seriously the extractives industries are now taking ESG investing, over the …

PicoTechnology has released a new BroadR-Reach decoder/analyzer package that simplifies Automotive Ethernet integration testing and debugging. Locally represented by COMTEST the package includes a novel non-intrusive software directional coupler to separate up- and downstream traffic on full-duplex communication lines. BroadR-Reach allows multiple in-vehicle systems to simultaneously access information over single …

Government efforts to stabilize the mining sector, as impacts of the COVID-19 pandemic unravel have heightened CEC’s optimism into the future. “Efforts across the globe to find a lasting solution to COVID-19 give us a measured sense of confidence that stability and focus on growth should return over the medium …

Hanson Sindowe is the last person you would expect to be one of Zambia’s richest; he grew up the son of a policeman in a family of farmers in the village of Kalomo, 120 kilometres north of Livingstone. It’s a place thousands of kilometres from where he made his fortune …