News

As the mining firm reaffirms its desire to keep its employees and their families healthy, through improved access to healthcare First Quantum Minerals’ (FQM) Kansanshi Mining Plc has handed over to government part of the Solwezi School of Nursing which it has converted into a COVID-19 isolation facility at a …

MOPANI Copper Mines is set to resume its mining operation following “constructive discussions” held between the company and the Zambian government. The company will resume operations and provide a 90-day notice period of its intention to place the operations on care and maintenance, the company said in a statement. During this …

COVID-19 has brought unprecedented challenges to communities, industries and the global economy First Quantum Minerals has reduced operating costs and capital spending as it braces itself for the impact of the COVID-19 on the mining sector. The virus has brought unprecedented challenges to communities, industries and the global economy, and …

Emeralds have been a beacon of hope across the world since time immemorial. Now Zambia is taking its place as the leading source of these precious gemstones, thanks to the world’s largest producing emerald mine – Kagem – in Lufwanyama, which is owned by Gemfields in partnership with the Zambian …

Kalumbila Minerals Limited (KML), a subsidiary of mining giant First Quantum Minerals (FQM), has handed over cleaning equipment and personal protective equipment (PPE) worth K620,201 towards Kalumbila District’s COVID-19 preparedness response measures. KML’s donation is in recognition of the adverse effects the threat of the virus is having on the …

The Zambian government should repeal or at least suspend the Employment Code Act, according to a report by one of the country’s leading economists and a human resource expert. The report further recommends the establishment of a multi-sector Employment and Labour Legislation Taskforce, which should undertake a comprehensive review of …

MOPANI Copper Mines Chief Executive Officer, Nathan Bullock has been refused exit and advised to remain in the country until the recent issue of Mopani Copper Mines Management decisions are clearly understood by government. Bullock had arranged to exit the country through Kenneth Kaunda International Airport but was refused exit. …

The current Covid19-related economic challenges both locally and throughout the Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent. This can be achieved by procuring the production of goods and services for infrastructure …

Zambia believes the placing of Mopani Copper Mines (MCM) under care and maintenance is unprocedural hence modalities are underway to revoke the licence. According to the government, Mopani Copper Mines, a subsidiary of Glencore, did not give sufficient notice before suspending its mining operations due to the coronavirus Covid-19 crisis. …

The COVID-19 outbreak presents significant challenges and is likely to have a materially negative impact on the global economy, in our view. We believe commodity prices could fall closer to trough levels in the near term and make significant cuts to mining companies’ earnings forecasts. We believe negative earnings momentum …