Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Gold mining company Acacia Mining is looking to go beyond Tanzania into Kenya and West Africa. Acacia CEO Brad Gordon told the 2016 Investing in African Mining Indaba that the company’s growth had stemmed from a focus on business fundamentals, people and relationships. Gordon spends a lot of time on …
Read More »Commodity downturn could get worse in 2016, warns Anglo American CEO
Anglo American CEO Mark Cutifani expected 2016 to be the most challenging year for the mining industry, stressing in a copy of a speech delivered at the Investing in Africa Mining Indaba, in Cape Town, on Monday, that things could get worse before getting better. He noted that the depth …
Read More »Kipushi mineral resource estimates exceed expectations -Ivanhoe
A new, independent, mineral resource estimate for Ivanhoe Mines’ joint venture Kipushi mine, in the Democratic Republic of Congo (DRC), has shown measured and indicated mineral resources in the big zinc zone of 10.2-million tonnes. “This has exceeded our expectations and we are convinced that significant additional mineral resources can …
Read More »Esqtra warns of lower H1 earnings, to sell Moz mining equipment
South African mobile capital equipment distributor Eqstra has, through its Mozambican subsidiary, signed a memorandum of agreement with Minas de Benga Limitada to dispose of all plant and equipment assets used in the provision of mining services during a five-year contract at Minas’ Benga coal mine, in Tete. This was …
Read More »Bristish,Chinese companies to develop Moz coal mine, power station projects
AIM-listed company Ncondezi Energy has entered into a binding joint development agreement (JDA) with China’s Shanghai Electric Power Company (SEP) to develop the Ncondezi coal mine and thermal power station project in Mozambique, in the province of Tete. The deal results in SEP becoming a strategic investor in the Mozambique …
Read More »Southern Africa Mining sector to receive $120m for anti-TB initiatives
The World Bank is set to release the first tranche of its $120-million contribution to the fight against tuberculosis (TB) in Southern Africa’s mining sector during the first quarter of this year. The funds will initially be directed to assist current and former mineworkers in Mozambique, Lesotho, Malawi and South …
Read More »Congo delays ban on copper and cobalt ore exports
Democratic Republic of Congo has again delayed a ban on exports of copper and cobalt concentrate because it lacks enough electricity to process the minerals domestically, the mines ministry and chamber of mines said on Tuesday. Congo, which leads Africa in copper output and the world in cobalt production, first …
Read More »100Mt-plus copper resource defined at Botswana copper, silver play
A recent drilling campaign on the Zone 5 deposit at Cupric Canyon Capital subsidiary Khoemacau Copper Mining, in Botswana, has defined a 100-million-ton high-grade copper and silver ore resource, the company said on Tuesday. “This most recent drilling and feasibility work has established Zone 5 as one of the most …
Read More »Angola’s Laúca dam set to produce energy in 2017
The first two turbines of the Laúca hydroelectric dam on the Kwanza River in Angola are due to start operating in July 2017. The Brazilian company, Odebrecht, is responsible for the project and has announced that the turbines will have the capacity to produce 340 megawatts (MW) each. Kleriston Acácio, …
Read More »SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures
SA’s mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures The 2015 financial year has proved to be extremely challenging for South Africa’s mining industry. Local cost pressures, labour action, and a continuing downswing in commodity prices have resulted in …
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