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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 …

First Quantum Minerals (FQM) has allayed reports by non-governmental organisations (NGOs) that appear to be ‘calculated to destabilise the trust built up with local people’. The company said the poorly researched reports fuel unrest, distort the views of the majority of local people, and give a disproportionate profile to a …

Australian company Weatherly has entered into a binding agreement to purchase 100% of the Kitumba copper project. The AU$ 4.75 million deal is subject to certain conditions precedent including intrepid shareholder approval and any regulatory approvals required in Zambia and Australia. Kitumba copper development project hosts a JORC-compliant measured and indicated resource of 24.9Mt at a copper …

Konkola Copper Mines (KCM) has announced intentions to set up a new copper smelter, cobalt refinery and other infrastructure. The projects are to be financed through the $1 billion investment programme announced earlier this year. In March Vedanta announced the $1 billion investment after a meeting between its Chairman Anil …

Zambian Chamber of Mines (ZCM) believes the country’s mining sector can learn from Chile, the world’s biggest copper producer. The chamber said Chile and Zambia produced roughly the same amount of copper in 1970, which was about 680 000 t/y. However, currently, Chile produces 5.6-million tons of copper – about …

South Africa has been urged to benchmark from countries like Zambia to attract investment and miners. Peter Major, Cadiz Corporate Solutions speaking recently at the Hogan Lovells Africa Forum recently called for mining policy change. “South African mining has gone from having the most advanced, efficient mines on the planet …

GoviEx Uranium Inc. has completed transaction to acquire African Energy Resources’ Chirundu and Kiraba uranium mineral interests. “The combination of African Energy’s Chirundu and Kiraba Valley tenements with GoviEx’s Mutanga Project finally unites these neighbouring properties, and significantly expands and improves the potential economies of scale,”  said Govind Friedland, Executive Chairman …

Kagem has pioneered high-tech tagging system to tag and trace emeralds Commissioned during the Lusaka Auction, nanotechnology system invented by Swiss gemstone testing laboratory Gübelin Gem Lab is set to revolutionise the gemstone industry. The breakthrough technology uses customised synthetic DNA-based nano-particles that are infused by gentle rocking into the …

Zesco intends to end emergency power imports from Mozambique in the first quarter of next year, officials from the company have revealed. Webster Musonda, Zesco Director of Transmission said power generation had improved to meet the utility company’s requirements. “By and large we will be able to meet our own …

Zambia Chamber of Mines (ZCM) says the country’s mining industry still has potential to be amongst the most sustainable global. Nathan Chishimba, ZCM president said despite experiencing vast challenges in the past years, regular dialogue will spur the mining industry is to remain sustainable and profitable over the coming years. …