News

A US-based company, Railnet International, is proposing to Fund an $11 billion medium speed rail line between Zambia, Zimbabwe and Mozambique. Railnet CEO, Donald Kress, said the company was in talks with governments in the three countries and had, on 21 March, signed an agreement to start feasibility studies in …

FIRST Quantum Minerals is finding alternative routes to export its copper from Zambian mines after restrictions were imposed by South Africa. The Toronto-listed firm also said copper production from Zambia had been “better than expected” for the year to date, amid COVID-19 threat “Year-to-date operations in Zambia have been slightly better …

Erratic rainfall forces power generator to move pump station a second time in Africa’s largest man-made lake due to receding water levels Falling water levels in Kariba have necessitated Maamba Collieries Ltd (MCL) to relocate its pumps to a new location in the Kariba Lake to provide water essential for …

Zambia is fortunate to be blessed by nature in several ways and has rich mineral and gemstone reserves, which, if harnessed and developed properly, can go a long way in enhancing the economic wealth of the country. The government of Zambia is committed to making strides towards paving the way …

Researchers believe the spread of coronavirus in Asia might condemn the African continent to be the biggest loser outside Asia; this is despite the absence of a single case being confirmed thus far. According to Dirk Willem te Velde, principal research fellow at the Overseas Development Institute, a slowdown in …

Kalumbila Minerals workers are set to get a 6.5 per cent pay rise and improved benefits package. This is after Kalumbila Minerals, a subsidiary of First Quantum Minerals (FQM), signed a new collective agreement with three unions giving workers an enhanced package of benefits for 2020. Kalumbila Minerals General Manager, …

South African condition monitoring specialists, WearCheck, today upgraded their laboratory in Tarkwa, Ghana into a state-of-the-art testing centre which can now conduct transformer oil, coolant and fuel analysis – amongst a host of additional services – as well as traditional used oil analysis. Tarkwa’s new laboratory – now housed in …

Minister of Mines and Mineral Development Hon. Richard Musukwa says the government is working on introducing a steady and predictable fiscal system in the mining sector to facilitate trade and sustainable growth in the industry. “As a country, we would like to operate a fiscal regime that is simple, predictable …

The move by Gemfields Group Limited to list its shares on the AIM market of the London Stock Exchange demonstrates the company’s ethos of transparency, legitimacy and integrity. Gemfields owns the Kagem emerald mine in Lufwanyama in partnership with the Zambian government. The listing enables a wider reach of international …

The clash between the Zambian government and Vedanta has reached new levels with the mining minister labelling it a “criminal” company. Vedanta which is owned by Indian mining magnate Anil Agarwal has been accused by Minister Richard Musukwa of being involved in criminal activities, including underpaying taxes and breaking investments …