Business

Condra has completed manufacture of eight explosion-proof, high-lift hoists – four of them articulated – for Tenova Bateman. All are custom-built, two-speed machines that utilise the modularity of Condra’s K‑Series to deliver performance capabilities precisely tailored to the individual requirements of each application. After commissioning at Kusile Power Station, the …

Zambia is moving to amend gold-mining rules so that they treat the metal as strategic. The cabinet agreed to amend the Mines Act to align it with a policy set last October to recognize gold as a strategic mineral. That requires production by artisanal miners to be bought through the …

ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture with mining services firm Array Metals to process production from a gold deposit. According to the company in a statement recently, Zambia’s state mining investment company is trying to diversify the country’s revenue base and aims to produce 40 000 …

ZAMBIA is stepping up attempts to formalize artisanal mining sector by overseeing the construction of 10 milling plants which they hope will produce 40,000 kilograms (about 1.4 million ounces) of gold a year. The milling plants will firstly formalise the artisanal gold sector, from primary and secondary or artisanal and small-scale …

MOPANI Copper Mines is set to resume its mining operation following “constructive discussions” held between the company and the Zambian government. The company will resume operations and provide a 90-day notice period of its intention to place the operations on care and maintenance, the company said in a statement. During this …

The current Covid19-related economic challenges both locally and throughout the Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent. This can be achieved by procuring the production of goods and services for infrastructure …

The COVID-19 outbreak presents significant challenges and is likely to have a materially negative impact on the global economy, in our view. We believe commodity prices could fall closer to trough levels in the near term and make significant cuts to mining companies’ earnings forecasts. We believe negative earnings momentum …

Mining software solutions provider MICROMINE has launched a new pay-as-you-go subscription model for African clients to keep pace with industry need. The Australian-headquartered company, with a regional office based in Johannesburg, offers software solutions that span the mining lifecycle – from geological exploration and data management to resource estimation, 3D …

The German manufacturer of heavy machinery for mining, tunnelling and civil engineering, GHH has unveiled a new dump truck, the New MK-42. According to the company, through a press statement, the dump truck consists a payload of up to 45 tonnes, which is not only one of the largest of …

A US-based company, Railnet International, is proposing to Fund an $11 billion medium speed rail line between Zambia, Zimbabwe and Mozambique. Railnet CEO, Donald Kress, said the company was in talks with governments in the three countries and had, on 21 March, signed an agreement to start feasibility studies in …