News

When I last visited Zimbabwe, Zambia and Botswana, I was horrified by the dreadfully long queues of heavily laden trucks waiting to cross through border posts. I chatted to a few of the truck drivers and they complained bitterly about their long waits. It’s simply nonsensical and a gross brake …

Arc Minerals has resumed its second season of exploration activities at its Zamsort and Zaco licence areas in north-western Zambia. Diamond drilling activities will resume over the Fwiji target, where the company already defined the target area through previous exploratory works. Follow-up work at a number of the other target …

Diversified miner Glencore made payments of $7.7-billion to the governments of countries in which it operates in 2019. This includes $96.6-million paid to the South African government in taxes, royalties and other payments. It paid Argentina $21.6-million, Australia $1.6-billion, Bolivia $10.9-million, Cameroon $5.3-million, Canada $51.4-million, Chad $88.6-million, Chile $235.6-million, Colombia …

Sandvik Mining and Rock Technology believe that as a responsible and engaged global corporate citizen, it is critically important to contribute to and have a positive influence in the communities where they are active. The ongoing COVID-19 pandemic poses unique challenges to communities, which is why Sandvik in Zambia have …

First established in March 2000 for a period of 20 years(until March 2020) Payment in US$ to be paid offshore to CEC in London Initial obligation for CEC to meet a maximum demand of 250MW with an escalation of up to 300MW provided KCM did not purchase the Nkana Smelter …

I have learnt that ZCCM-IH has decided to dissolve Ndola Lime and form a New Company out of the assets called Limestone Resources. Ndola Lime was practically insolvent; it had liabilities of more than K1bn (accumulated over the last 8 years). This is a company at its best was bringing …

The Zambian mines ministry has disclosed that mineral exporters deliberately submit low-grade samples to the state laboratory, causing an undervaluation of mineral exports and depriving the government of mineral royalty tax revenue. Mines ministry officials said starting next month, it will personally collect samples from mine sites around the country …

All Ndola Lime company employees are set to be jobless effective 31st July as the company reportedly issued an internal retrenchment notice. According to a source, a memorandum signed by the interim business rescue administrator, Stephen Bwalya, employees will receive letters of retrenchment together with computations of amounts due to …

The Zambia Chamber of Commerce believes that the government’s attempt to force Copperbelt Energy Corp (CEC) to open up its infrastructure to other power producers has dented the country’s image as an investment destination. Energy Minister Matthew Nkhuwa issued a decree last Friday compelling CEC to allow others to transmit …

The expectations and priorities of a modern-day investor in the mining sector have significantly changed in line with global demand for more responsible and sustainable extraction of mineral resources. ESG, referring to the performance of investment portfolios against Environmental, Social and Governance (ESG) standards, has firmly established itself across the …