News

Orinoco Gold has announced that it has just started working with AngloGold Ashanti on establishing an in-country joint venture entity in Brazil. This comes both companies confirmed the original terms of an earn-in agreement signed back in 2017. According to a statement from the companies, the undertaking should be completed …

The Economics Association of Zambia (EAZ) has applauded Mopani Copper Mine Ltd for not laying off any mine workers prior to the newly introduced mining tax regime. EAZ acclaimed Mopani for the mature step taken to engage in a beneficial dialogue with government as a show of its commitment to …

TSX-listed copper miner First Quantum has announced record production and sales for 2018, with copper output rising by 6% and sales by 3%. Total copper production amounted to 605 853 t, compared with 573 963 t in 2017. The company sold 596 513 t in 2018, compared with 580 130 …

Ctrack launches ultra compact tracking devices The leading vehicle tracking and telematics provider – Ctrack, has launched its BX500 and BX600 range of wireless, ultra-compact GPS tracking devices. Ideal for use in cars, trucks and motorbikes, quads, golf carts, delivery vans and generators, the new devices are also designed to …

Construction of the US$770 million Kabwelume and Kundabwika hydro power stations and a transmission power line is scheduled to start in March 2019. When completed and fully operational, the two hydro power stations will generate a total of 163 megawatts (MW). The two projects, which will be undertaken by the …

Canada’s First Quantum Minerals (FQM) said recently that it would lay off 2 500 workers in Zambia over plans by Africa’s No.2 copper producer to hike mining taxes. The southern African country plans to introduce new mining duties, replace value-added tax (VAT) with a sales tax and increase royalties, from …

President Lungu said his administration will not be intimidated by threats from mine owners. The Head of State said this at Southdown airstrip in Kalulushi district upon arrival for a two day visit to the Copperbelt province. President Lungu said the new mine tax regime, which mine owners are using …

About 1, 000 miners at Mopani Copper Mines (MCM) are likely to lose their jobs after the mining giant starter its voluntary retrenchment exercise. According to latest correspondence from MCM Chief Services Manager KV Chitoshi and to the people close to the Development , the company is asking employees to …

The leading productivity partner for the mining, infrastructure and natural resources industries Epiroc has acquired Innovative Mining Products widely known as New Concept Mining, a South African manufacturer of rock reinforcement products for underground mining. Innovative Mining Products based in Johannesburg, South Africa, also has facilities in Peru, Zambia and …

Multi-award winning African Utility Week conference and exhibition in Cape Town, South Africa has obtained official U.S. Trade Fair Certification from the U.S. Department of Commerce. The development paves way for a greater American participation at the 19th edition of the event scheduled for 14-16 May next year. Along with …