News

President Edgar Lungu recently met Vedanta Chairman Anil Argawal at the request of the investor regarding the ongoing liquidation process of Konkola Copper Mine.   During the meeting, Argawal stated his desire to continue running the mine, pay debt owed to contractors and suppliers. Vedanta Chairman further added that he …

Recent reports have indicated that illegal gold miners in Zimbabwe accessing longstanding mines with inexpert tools are risking their lives.   These mines are said to be very unstable in most cases and flooded in some instances, which has inevitably led to a number of deaths over the past couple …

The Ministry of Mines has awarded Conquest Mining Contractors the mineral trading permit for business undertakings in various minerals.   In a media briefing, Conquest Mining Managing Director Kunda Chani made mention that time for complaints and talk is over but to get involved in the industry.   Kunda is …

Tektronix, Inc. has unveiled the six series low profile digitizer, the first 4-channel digitizer to offer up to 8 GHz bandwidth, 25 GS/s sampling rate and a 12-bit ADC on every channel, all in a space-saving 2U rack form factor.   In contrast to alternative digitizers that interleave sample rate, …

A team of Extractive Industries Transparency Initiative of Zambia (EITI) recently discovered Gold deposits in Mwinilunga district in the North-Western province of Zambia.   EITI team called on the Deputy Permanent Secretary of the province Douglas Ngimbu in Solwezi to disclose these findings.   Ngimbu says the discovery of this …

All commercial banks have been given an ultimatum to make adjustments on there Automated Teller Machines (ATMs) to enable smooth transactions involving new kwacha notes by this month end. The Bank of Zambia (BoZ) Director Lazara Kamanga has urged all profitable banks to finalise this so as to ensure that …

As the construction phase of the large-scale Cobre Panama project of First Quantum comes to an end, the Toronto-listed company is well positioned to meet its “own, very high expectations for the year and years to come”, Cobre Panama GM Tristan Pascall said recently. Following a faster ramp-up, the commercial …

Mopani Copper Mine Plc has preceded with works of backfilling the sinkhole near the South Ore Body (SOB) Shaft in Kitwe after being graded as a safety hazard to informal miners invading it.   The sinkhole is a two hectare caving area within Mopani Copper Mines Plc’s mining rights area. …

The Central Statistics Office (CSO) monthly bulletin report for July has indicated that 76.8 per cent of Zambia’s major export sales in June resulted from intermediate goods such as Copper anodes and cathodes. In accordance to the same report, 23.2 per cent of the nation’s total exports resulted from consumer …

The self-made billionaire and one of India’s richest men, Anil Agarwal has sold his stake in Anglo America. As the biggest shareholder of the mining company, Agarwal is reported to have made US$500M before the costs from the deal. Agarwal, through his metals company, Volcan Holdings Plc, began buying into …