News

According to the World Wide Fund (WWF), government has cancelled a pre-feasibility study for the Ndevu Gorge Power Project on Luangwa river, proposed by MDH South Africa (Pty) Limited, which would have cost $1.26 billion and generated between 235 and 240 megawatts of power if completed.   The 1,100-kilometer Luangwa …

Vedanta Resources recently obtained an ex parte order in the High Court of South Africa permitting the company leave to institute an urgent interim interdict application against Zambia Consolidated Copper Mine-Investment Holdings (ZCCM-IH). The urgent application served ZCCM-IH and provisional liquidator Milingo Lungu for Konkola Copper Mines (KCM) of which …

Zambia’s mining giant, Konkola Copper Mines (KCM) is currently holding discussions with the government regarding import duty as plans to step up production are in the pipeline. KCM corporate affairs manager Eugene Chungu earlier alluded that the Nchanga smelter had been idle pending availability of concentrates stocks. Operations at Nchanga …

According to the data from the Central Statistical Office (CSO), the inflation rate in June this year has increased to 8.6 percent from 8.1 percent recorded in May this very year. The CSO acting Director of Census and Statistics Iven Sikanyiti made mention that this was mainly ascribed to the …

The DRC Mining Week is a significant event at which key players in the mining sector can engage. With an august gathering of government officials and key mining individuals both locally and internationally, the event marks the 15th anniversary of the largest mining event in the DRC. The official opening …

The First Quantum Minerals (FQM) Head of Government Affairs, John Gladstone made mention that Zambia’s current tax regime for the mining sector is unappealing to potential investors more especially when placed along fellow copper mining countries globally. Among the copper mining countries include Chile, the Democratic Republic of Congo and …

Plans to restart the Nchanga smelter by Konkola Copper Mines (KCM) are already underway as the proposed date is the 22nd of June 2019. KCM which is owned by Vedanta Resources made mention that Nchanga smelter, located close to Zambia’s boarder with the Democratic Republic of Congo has been loafing …

A report availed to the media has indicated the percentage of tax contributions by First Quantum Minerals (FQM) in the year ended. The just published 2018 Tax Transparency and Contributions to Government Report for First Quantum Minerals (FQM) has revealed that the mine paid more than US$533 million (K5.6 billion) …

The Zambia Consolidated Copper Mines-Investment Holding (ZCCM-IH) minority shareholders aired out that the step to cancel Vedanta Resources mining license was conducted in a hurry as the latter currently has no capacity to run the mines. In accordance to a statement availed to the media, Thierry Charles who spoke on …

The Democratic Republic of Congo’s (DRC) subcontracting regulator known as the ARSP will soon to be launching a campaign for subcontracting activities. According to a statement by the Director General Ahmed Kalej Nkand, the campaign is aimed at recognizing all companies intending on participating in subcontracting activities before licensing them …