Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Redpath Mining South Africa has recently completed reaming of a 7.3 m diameter hole at Sasol’s Impumelelo Mine, the largest diameter hole reamed to date in Africa Johan Davel, Redpath Mining General Manager of Raiseboring said the reaming performance of the Redbore 90EX surpassed the company’s expectations “Achieving optimal accuracy …
Read More »Eastern Congo now supplying conflict free gold
Partnership Africa Canada’s (PAC) first responsible and conflict free artisanal gold supply chain is now operational in Eastern Congo’s Just Gold project. The global leader in developing innovative approaches to strengthen natural resource governance said Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from …
Read More »IMF projects economic improvement
International Monetary Fund says the country’s economic growth is expected to improve slightly to 3.5 percent in 2017. The Fund said sustaining the high inclusive growth in the future requires sound policies and reforms to improve competitiveness. IMF team welcomed the government’s fiscal consolidation plans which aim at putting public …
Read More »TAKRAF Africa sees growth in Zambian mining economy
Key global mining, materials handling, minerals processing and equipment supplier, TAKRAF Africa is seeing growing demand in Zambia for a wide range of its technologies, from conveyor and stockyards systems through to dust control and solid liquid separation equipment. With the ability to provide innovative and advanced technologies and equipment …
Read More »Positive forecast for 2017 economic activities
Stanbic Bank has projected a stronger and more stable economy at the backdrop of the central bank has putting in place various monetary measures to prop up the economy. Victor Chileshe Stanbic Bank’s Head of Global Markets says the current economic trajectory shows that the country is effectively dealing with …
Read More »New broom ready to turnaround Tazara
Government says investment of $1.2bn over five years needed Tanzania-Zambia Railway (Tazara) needs US$200 million for upgrade, as authorities seek to resuscitate the line to serve both the copper industry and passenger train. Bruno Ching’andu, Tazara’s new Managing Director said the money will be used for new rolling stock and …
Read More »Caterpillar to invest $1bn in Africa over the next five years
US mining equipment manufacturer Caterpillar, its independent dealers and the Caterpillar Foundation are to invest $1-billion in business, education and training across Africa over the next five years, chairperson and CEO Doug Oberhelman announced at the US-Africa Business Forum, in New York, last month. The news confirms Caterpillar’s long-term commitment …
Read More »Copper market seen ‘broadly balanced’ in 2016,2017 – IWCC
Global demand for copper is expected to broadly meet supply in 2016 and 2017, while there is a chance of stronger-than-expected consumption in top user China, an industry body said on Friday. The International Wrought Copper Council (IWCC) sees a modest 120 000 t deficit this year, narrowing to 60 000 …
Read More »Murray & Roberts completes sale of infrastructure and building businesses
Murray & Roberts has entered into an agreement with Firefly Investments for the sale of the Murray & Roberts Infrastructure and Building Platform (MRIB) for R314 million. Firefly Investments represents a consortium led by Southern Palace, a black-owned industrial group, which includes the Government Employees Pension Fund (GEPF) and members …
Read More »Kibo, Sepco agree development refund for power project in Tanzania
Kibo Mining and a Chinese firm Sepco III have agreed that $10.94-million is a fair reflection of the Mbeya coal-to-power project (MCPP) development costs over the past four years. Upon the financial close of the MCPP, Sepco III will refund Kibo some 50%, or $5.49-million, of the final development cost …
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