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Investors in the mineral exploration sector want exemption from property tax. The Association of Zambian Mineral Exploration Companies (AZMEC) says paying property transfer tax levied at 10 percent from exploration stage of mining dents profit. Geoffrey Mulenga AZMEC President speaking during the 10th AZMEC Explorers Forum held under the banner: ‘Exploration …
Read More »Govt. foresee positive copper prospects
The rising commodities prices are to spur the country’s copper production, government officials have said. Paul Chanda, Mines permanent secretary said the prospects for 2017 are largely positive. Government projects copper production to exceed 850,000 tonnes on account of recovering prices nearing US$6,000 per tonne. “The commodity prices have shown …
Read More »Cape Lambert seals DRC JV, sets eyes on Zambia
Australian company Cape Lambert has ventured into a joint venture with Democratic Republic of Congo’s (DRC) Paragon Mining to exploit the country’s cobalt and copper. The JV is to develop the Kipushi cobalt-copper tailings project, the Kasombo copper-cobalt project and operate the Kipushi processing plant. In addition, operate the fully …
Read More »Rio-Carb celebrates 35 years of innovation and service excellence
Founder and CEO Martin Maine has extensive experience in physical metallurgy, and has participated in several international conferences and seminars. Twice President of the South African Institute of Welding, he has been involved in prestigious local projects such as Sasol ll and lll, Koeberg, and Gariep Dam. Maine also established …
Read More »CEC Plc cut ties with CEC Africa
Copperbelt Energy Corporation (CEC) Plc has mooted plans to delink its pan-African power assets developer CEC Africa from the CEC group. Julia Chaila, company secretary said the decision yet to get approval from shareholders is expected to improve CEC Plc financial performance. CEC Africa is currently reeling from operation challenges …
Read More »Zambian project achieves one-million lost-time injury free work hours
Mining and exploration company Group R Mining & Exploration Zambia achieved one-million work hours without a lost-time injury (LTI) at its Synclinorium shaft expansion projectfor its owner, Zambian-registered copper miner Mopani Copper Mines. Group R is the operating partner of Mauritius-based private capital and corporate advisory company Africa One Holdings …
Read More »Diversifying Zambia’s Copperbelt economy with post-copper era in mind
Most developing countries that are rich in natural resources and are dependent on such resources have generally experienced poor economic performance. A strategy that has been useful in improving the economic performance of such economies is economic diversification. However, employing successful economic diversification strategies has been a challenge for many …
Read More »Has Zambia benefited from a privatised Chibuluma?
The best time to measure the overall contribution of a mine to society is when it is about to close, and Chibuluma Mine on the Copperbelt is an ideal case-study. Chibuluma was one of the first Zambian mines privatised in 1997, and after more than 18 years of operation, it …
Read More »Universal Mining invests K70bn in iron ore plant
Universal Mining and Chemical Industries Limited is investing K70 billion into mining iron ore west of Kafue, says Dr Julius Kaoma. In a recent interview, Dr Kaoma, who is UMCIL Kafue Steel Plant executive technical director, said the mine would help reduce importation of steel into Zambia. In the same …
Read More »Mining is not a short-term venture – ZCM
Zambia Chamber of Mines president Nathan Chishimba says the mining industry has no major concerns going into next month’s elections because there is an understanding among all political parties that mining is not a short-term venture. There have been concerns by some political and economic commentators that after the elections, …
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