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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 »Sandvik’s Zambia support centre growing
Sandvik’s new support facilities in Zambia are enabling faster and more efficient turnaround times for the maintenance and repair of mining fleets throughout the central African region. In a year since moving into the new facility from their old premises and opening its doors in Kitwe, the operation has significantly …
Read More »Zambia Consolidated Copper Mines -ZCCM-IH sues First Quantum Mining – FQM claiming $1.4billion on fraud allegations.
ZCCM Investments Holdings, the state-controlled Zambian company that holds minority stakes in most of the country’s copper mines, plans to claim as much $1.4 billion from First Quantum Minerals Ltd. after accusing the Vancouver-based company of fraud. The Canadian company’s stock fell. The claim includes $228 million in interest on …
Read More »Consider establishing mineral stabilisation fund, State urged
Goverment should consider establishing a mineral stabilisation fund to cushion the negative impact of falling copper prices on the international market, Economics Association of Zambia (EAZ) says. The price of copper, which is the mainstay of Zambia’s foreign exchange earnings, has been declining from the highs of about US$8,000 per …
Read More »Burey expands DRC holdings
ASX-listed Burey Gold is acquiring a 60% interest in five exploitation permits, covering 1 456 km2 of highly prospective ground in the Haut Uele province, in north-east Democratic Republic of Congo (DRC). Through an agreement with a Dubai-based private company Medidoc FZE, the company would obtain the Tendao project, which …
Read More »CEC to conduct biodiesel, by-product survey
The Copperbelt Energy Corporation Plc (CEC) intends to conduct a survey for biodiesel and its by-product to enable the firm establish market for potential customers. The firm’s biodiesel plant, which has a production capacity of one million litres per annum, produces diesel from jatropha curacas derived oil and soya bean. …
Read More »State to get share in railway
Goverment will acquire 30 percent equity in the US$400 million privately-owned North West Railway project that has been planned to link Zambia to the port of Benguela in Angola. Acting Minister of Transport and Communication Ronald Chitotela said Government intends to develop all channels of transport to open up the …
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