News

Redpath SA drill Africa’s largest diameter hole

Redpath Mining South Africa has recently completed reaming of a 7.3 m diameter hole at Sasol’s Impumelelo Mine, the largest diameter hole reamed to date in Africa Johan Davel, Redpath Mining General Manager of Raiseboring said the reaming performance of the Redbore 90EX surpassed the company’s expectations “Achieving optimal accuracy …

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Eastern Congo now supplying conflict free gold

Partnership Africa Canada’s (PAC) first responsible and conflict free artisanal gold supply chain is now operational in Eastern Congo’s Just Gold project. The global leader in developing innovative approaches to strengthen natural resource governance said Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from …

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Yaluma’s target: to regain copper producer top spot

Zambia is pulling all strings for the country to be Africa’s leading copper producer. Chris Yaluma, Mines and Minerals Minister said the country will soon regain the top spot and overthrow Democratic Republic of Congo. “We’re close, very close,” said Yaluma citing that policy reengineering is propelling the country’s copper …

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Success oriented management reshuffle at Aury Africa

Aury Africa has announced management reshuffle, as the company position itself to be a leading manufacturer and supplier of high-performance mineral-processing equipment. The company’s latest blueprint under new management of Director Sydney Parkhouse targets to lead the industry by 2022. According to the company, key to the ongoing ambition to …

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Botswana leads the pack on investment attraction

Investment Destination in Africa an independent research arm has named Botswana, as the most attractive destination. According to Investment Destination in Africa’s latest Investment Index Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import covers and eases of doing business The …

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EU fund efficient Mineral Production Monitoring

The European Union-funded Mineral Production Monitoring Support Project has been applauded for improving the country’s mineral production monitoring “You’d get contrasting sets of figures, sometimes varying by up to 40%, depending on whether you were asking, the Central Statistical Office, the Bank of Zambia or the Zambia Revenue Authority,” said …

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Two crane giants join forces

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

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Copper maintains steady trend

The copper price, which has remained strong on the global market, is expected to boost the Kwacha’s performance against the United States (US) dollar in the medium term, Cavmont Bank notes. On Friday, copper, which is Zambia’s major export earner, witnessed a price fall of one percent on the London …

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Mandatory disclosure of mines coming

By 2020, all Extractive Industries Transparency Initiative (EITI) member countries, including Zambia, will be required to publish the identity of companies that bid for, operate or invest in extractive projects in their country to curb tax evasion. According to a latest EITI newsletter for Zambia, EITI requirements have sparked reform …

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Southern Africa records first electricity surplus in 10 Years

Southern Africa is experiencing surplus electricity generation capacity for the first time in a decade, thanks to the success of regional cooperation in energy planning during the past few years. Figures released by the Southern African Power Pool (SAPP) show that the 12-member pool is sitting on surplus peak period …

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