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Stanbic Bank Zambia says mining is an expensive business that needs stable long-term support from the financial sector. Speaking at the Mining Indaba recently Leina Gabaraane is Chief Executive of Stanbic Bank Zambia further said growing any business needs capital both for asset investment and day-to-day expenses. And the mining …

Africa’s mining sector is facing the best prospects in over a decade favoured by sustained commodity price growth and reduced costs. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank Mining and …

Christopher Yaluma has reiterated commitment to dialogue, cooperation and consultation with mining industry stakeholders. Speaking at the ongoing Mining Indaba with Mining for Zambia, Yaluma said the common goal must focus on increasing production. “We could grow our annual production to 1 and even 2 million tonnes if we engage …

In an order to boost haulage capacity to meet the huge demand anticipated by the new Railway (Transportation of Heavy Goods) Regulation that was recently passed by the Zambian Minister of Transport, the Tanzania-Zambia Railway Authority (TAZARA) has dispatched an engineer to South Africa to conduct a due diligence on …

In recent remarks to the press, Zambia’s Minister of Transport and Communications, Brian Mushimba, acknowledged the work being carried out by the Angolan Government in the field of infrastructure construction for the transport sector. He also stressed what he had witnessed was a good example for other African countries to …

Rio Tinto’s fleets of autonomous haul trucks have achieved a significant milestone at the company’s world-class operations in Australia by moving their one-billionth tonne of material. The haul trucks fitted with Autonomous Haulage System (AHS) technology have now moved more than one billion tonnes of both ore and waste material …

The Chamber of Mines has condemned the new law compelling mining companies and other bulk cargo firms to transport at least 30% of their freight by rail. According to miners, the legislation is ‘economically inappropriate and unworkable’ Brian Mushimba, transport minister said the law was meant to revive the rail …

With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba Managing Director Alex Grose. This renewed investor interest suggests that the African mining sector is …

ZCCM Investment Holdings has announced plans to build 47 houses for displaced people in Masati district on the Copperbelt. The Group is expected to spend K 108, 000 on each households displaced to pave way for the factory area. the development comes as, ZCCM-IH is constructing a US$600 million dollar …

Plans to raise funds for future expansion coupled with deliberate efforts to boost share ownership by Zambians in CEC saw the company list on the Lusaka Securities Exchange, ten years ago. The company planned to spend $40.5 million on infrastructure upgrades over the next seven years after signing two loan …