Zambian President Edgar Lungu has hit out at ‘mining investors who cry foul’ whenever Zambia sought to increase its share of its natural wealth. He said the country would take a major stake in some mines as he unveiled an economic recovery plan for the debt-burdened country. “We must assume …
Read More »FQM commits to fair distribution of benefits to local communities
First Quantum Minerals has said that people and communities neighbouring Sentinel Mine should benefit from equitable distribution of benefits such as employment, business development, education, training and community investment for the long term, First Quantum believes that it makes strategic business sense to involve local communities and other relevant stakeholders …
Read More »Aviation monitoring programme is flying high
Did you know that a dedicated aircraft testing programme is conducted by condition monitoring specialists, WearCheck, to reduce the risk of catastrophic engine failure, boost safety and reduce maintenance costs? WearCheck’s thriving aviation division analyses used aircraft oil and filters for wear particles, oil degradation and cleanliness of hydraulic fluids. …
Read More »Barrick Gold make a new appointment to its board
Anne Kabagambe is now the new independent director of Barrick Gold. The former executive director of the World Bank and has been welcomed as a new addition to the board were she will be representing the interests of 22 Sub-Saharan African countries. These include Tanzania and Zambia, where Barrick has …
Read More »Mobile drum tipper with safety cage
A new mobile TIP-TITE® Drum Tipper with safety cage allows hands-free, automated dumping of bulk solid materials from 115 to 200 litre drums throughout the plant, with no dusting or danger associated with sudden shifting of contents. The three-sided carbon steel cage with safety interlocked doors is mounted on a …
Read More »The spotlight will be on ESG during the Africa Mining Forum
The spotlight is set to be on Environmental, Social, and Corporate Governance (ESG) at the Africa Mining Forum which is set to kick off from the 16-20 November 2020. A testament to this notion is the fact that the organisers of the event have also announced a unique digital ESG …
Read More »Treat mineral royalty payments as deductible expense to avoid double taxation, attract investment-Zambia urged
The Zambia Chamber of Mines has urged Zambia to treat mineral royalty payments as a deductible expense to avoid double taxation and attract investment. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and that provision was kept unchanged in the …
Read More »Gemfields looks to other options as Covid-19 affects gemstone auctions
Covid-19 and its associated travel, quarantine and other restrictions have had an adverse effect on the Gemstone miner Gemfields’ operations and its ability to host gemstone auctions. JSE- and Aim-listed miner says it is unable to provide guidance as to when it might be able to host its next auction, …
Read More »Pix4D and SAP start a joint innovation project for the 3D inspection of transmission masts
Lausanne, Switzerland, Pix4D, technology pioneer and market leader in industrial photogrammetry software solutions, announces that it is starting a joint innovation project with SAP® to open up the market for drone-based, digital 3D inspections for telecommunications companies. SAP, a global leader in ERP (Enterprise Resource Planning) software, has included Pix4D …
Read More »Ministry of Mines grants Jubilee’s Zambia mining licence renewal
Zambian Ministry of Mines and Mineral Development has granted Aim- and AltX-listed Jubilee Metals’ application for the renewal of a small-scale mining licence in Kabwe, Zambia. The licence is in respect of lead, zinc, copper and cobalt and has been renewed for ten years. CEO Leon Coetzer says that, as …
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