Business

Vedanta Resources is strongly opposing appointment of the provisional liquidator and winding up of Konkola Copper Mines (KCM). The company said neither KCM nor Vedanta Resources was notified of the application and accordingly neither had an opportunity to participate in the hearing. Last week, ZCCM Investments Holdings (ZCCM-IH), a state-owned …

President Lungu has implored Copperbelt Energy Corporation (CEC) and Zambia Electricity Supply Corporation -Zesco to guarantee a smooth transition of the bulk power supply agreement which would come to an end in the year 2020. The power utility firm generates and supplies power in bulk to CEC which in turn …

The Republican president of Zambia has acclaimed the visit by former African heads of states as very meaningful and encouraging to the government in sourcing for more developmental links with Angola. President Lungu says the two countries have not sufficiently integrated economically hence the need for avenues that will enhance …

A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea. This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha …

The recent joint venture between Barrick Gold and Newmont Goldcorp in Nevada has been announced and that all regulatory conditions required for its completion have been completed. The operations making up the joint venture produced in excess of 4 million ounces of gold in 2018, more than three times the …

Sawa Minerals,a tech-driven company has created and launched a platform that will transform how gold is mined and sourced across Africa and the developing world. The platform has been designed in such a way that it is easy to buy ethically mined gold from artisans and small scale miners (ASM) …

Cummins has debuted the HSK78G natural gas generator series at the 2019 Middle East Electricity (MEE) at the Dubai World Trade Centre. The equipment is expected to fuel the next generation of power and offer a total package of gas generator capabilities and innovative gas technology for prime and peaking …

Hong Kong-listed  Hanergy Thin Film Power Group has showcased its path-breaking solar-power products at the just ended Solar Show Africa 2019. The event is Africa’s largest and longest running power and electricity show recently held in South Africa. The group showcased a series of its most promising solar solutions – …

Jubilee has executed a share purchase agreement for the acquisition of Sable Zinc refinery. Situated adjacent to the large stock piles of zinc, lead and vanadium, Jubilee has contracted from BMR Group PLC, the acquisition reduces the time to build the refinery by some 18 months delivering the first metal …

CIMIC Group’s global mining services provider, Thiess, through Majwe Mining Joint Venture (Majwe), has secured a A$1.7 billion contract at Debswana Diamond Company’s Jwaneng Mine Cut 9 project in Botswana. Majwe, a joint venture between Thiess (70 per cent) and long-term local partner Bothakga Burrow Botswana (30 per cent), will …