Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
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. …
Read More »How to unlock mining investment in Zambia
What are the main factors Zambia needs to address to make the country an attractive mining destination, unleash billions of dollars of foreign investment and create a stronger economy? The question featured prominently in this year’s Zambia International Energy Conference and Exhibition (Zimec), in Lusaka on 23-24 June. A stable …
Read More »Glencore court ruling in Zambia may trigger new pollution claims.
Toxic fumes from one of Glencore’s copper plants in Zambia caused the death of a politician, the African country’s high court said, in a ruling that could trigger fresh claims against the company. The London-listed mining and commodities trader was ordered to pay 400,000 Zambian kwacha (£30,000) in damages to …
Read More »First Quantum Mining propels Zambia’s H1 (YoY) copper productivity 8% higher, full year forecast is 5.4% bullish.
Copper productivity at Kalumbila mine in northwestern province of Zambia Africa’s second largest copper producer Zambia recorded an 8% increase in copper productivity in first half of 2016, Zambia Chamber of Mines said. Zambia’s tonnage increased to 368,366 metric tons from 340,510 metric tons a year earlier. Full year forecast …
Read More »ZCCM – IH unleashes major diversification programme
The Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) has embarked on a major diversification programme which will enhance its investment both in the country and abroad, according to sources close to the matter. However the Zambian holding company is still beset with a lot of problems including a running debt with …
Read More »Mineware’s Syncromine System A Must Have
Celebrating twenty years in the mining and related industries, MineWare Africa has been producing software solutions that improve business and production systems since 1996. “Everything on one screen,at your finger tips” MineWare Consulting has a selection of software tailored to the Southern African mining and related industries. All MineWare software …
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