Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
First Quantum Minerals has committed US$50 million next year for longer-term repairs on the Chingola-Solwezi road as part of the public-private partnership. In a statement, FQM head of government affairs John Gladston said the mine is spending US$2 million on stabilising the 180 kilometre road before the onset of the …
Read More »The time to invest is now
Will Zambia be ready when the copper price recovers? Being unprepared for the coming upswing in metal prices is the number one risk facing global mining – and copper mining in particular, says Ernst & Young in its annual risk report, Business risks facing mining and metals: 2015-2016. That’s according to …
Read More »Kariba Dam Levels Causing Concern as State Power Company Widens Load Shedding Hours
Dam levels at the worlds largest man made lake the Kariba have started to deplete causing concern. Last dam level measurement as per Zambezi River Authority- ZRA website on 10 October, recorded 24% compared to 26% a year ago. The Zambia Electricity Supply Corporation – ZESCO reported on their Facebook …
Read More »Copper price rises
The price of copper on the international market recorded a marginal rise of 0.2 percent yesterday on the back of tight supply in China’s domestic market despite a stronger dollar and expectations of high supply next year. According to Reuters, three-month copper on the London Metal Exchange (LME) edged up …
Read More »Sandvik To Unlock Zambian Copper Ore Body
Sandvik Mining and Rock Technology has entered into a long-term agreement with NFC Africa Mining Plc (NFCA) to supply the necessary equipment and skills to effectively mine the lucrative South East Ore Body (SEOB) of the Chambishi copper mine in Zambia. With the assistance of Sandvik Zambia, the mine will …
Read More »Why mines consume such large amounts of electricity
Because of the huge amount of work, heat and processing required to produce metals, mining is one of the most energy-intensive industries in the world and accounts for an estimated 5% of global electricity consumption. In all mining countries, the industry typically represents a significant – and sometimes the largest …
Read More »Vedanta reports rise in Zambia copper output
Mined metal production from mining conglomerate Vedanta’s Zambia copper projects was higher quarter-on-quarter owing to improved recoveries for the half-year ended September 30. The company revealed last week that mined metal production was at 29,000 tonnes, two percent higher than in the first quarter of the year, owing to improved …
Read More »Copper price slumps, US dollar strengthens
Copper price on the London Metal Exchange (LME) last week registered its biggest weekly lose with weakness set to extend into this week due to the strong United States (US) dollar. Zambia’s major export earner is expected to trade at about US$4,755 per tonne. Reuters reports that the dollar reached …
Read More »Gemfields auctions nets $11.1m
Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …
Read More »Brazil’s Vale agrees to new terms with Mitsui Mozambique coal assets
Vale said on Thursday it has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. …
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