Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Poorly thought-out mining policies are impacting Africa’s mining sector, the annual mining jamboree Mining Indaba in Cape Town, South Africa has heard. Sharing the same sentiments, stakeholders said uncertainty and inconsistency are hampering the search for new mining investment on the continent. In addition, the policies have cast a shadow …
Read More »SA mining production falls
South Africa’s mining production plunged by 5%, last year, the country’s data authority said. Statistics South Africa said the slide was recorded amid signs of recovery reported by South Africa Chamber of Mines in December. The data authority said December mining production improved in December 2016, with iron ore recording …
Read More »More digitalised underground drilling rollout
Working within budget and on time is the envy of every mine operator and Sandvik Mining and Rock Technology continues to facilitate such results with its technologies. The company recently upgraded its digitalized underground drilling to improve drilling accuracy, cycle times and reduce operation costs. The new system offers accurate …
Read More »More calls for improved tax regime
Global professional service KPMG has condemned the constant reviewing of Zambia’s mining tax, as an economic barrier. Michael Phiri, tax partner at KPMG said effects of perennial changing the tax regime are ‘massive’. He said many mining project are being abandoned or deferred – representing a potential investment value of …
Read More »Zambia’s technical power losses high at 14%; ZESCO and ERB urged to invest in technology that will minimize grid leakages
Zambia Electricity Supply Corporation – ZESCO and Energy Regulation Board – ERB have been urged to invest in technology that will curb technical losses on the power grid. Zambia records technical losses of 14% against the acceptable threshold of 5%, Uni-power Company Trainer said. “Energy losses in Zambia are very …
Read More »CEC Plc cut ties with CEC Africa
Copperbelt Energy Corporation (CEC) Plc has mooted plans to delink its pan-African power assets developer CEC Africa from the CEC group. Julia Chaila, company secretary said the decision yet to get approval from shareholders is expected to improve CEC Plc financial performance. CEC Africa is currently reeling from operation challenges …
Read More »Zambian project achieves one-million lost-time injury free work hours
Mining and exploration company Group R Mining & Exploration Zambia achieved one-million work hours without a lost-time injury (LTI) at its Synclinorium shaft expansion projectfor its owner, Zambian-registered copper miner Mopani Copper Mines. Group R is the operating partner of Mauritius-based private capital and corporate advisory company Africa One Holdings …
Read More »Alecto falls behind on Zambia gold project as it moves to complete financing plan
Alecto Minerals on Thursday said it was now targeting the commissioning of its Matala gold project, in Zambia, in 2017 as it was awaiting the completion of the last leg of the financing plan for the project. To complete the financing, the company needed to reach an agreement with local …
Read More »Copper prices to hit ‘rock bottom’ in next two years- Zijin Mining
Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …
Read More »Zambian manganese mines get a boost from Giyani Gold
Johannesburg Stock Exchange and Toronto Stock Exchange dual-listed Giyani Gold has signed a letter of intent (LoI) with Menzi Battery Metals to acquire a 70% interest in two past-producing high-grade manganese mines in Zambia. The Kampumba and Chiwefwe open pit manganese mines were operated between 1954 and 1968 and produced …
Read More »