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AIM-listed Gemfields has successfully auctioned its lower quality rough emerald extracted by its 75%-owned Kagem mine in Zambia for US$14.3 million. Of the 3.67 million carats offered for sale, 2.78 million carats, or 76%, were sold at the auction, which took place in Jaipur, India, between 17 and 20 May. …
Read More »Chamber of Mines praise Government’s effort to save the Mining industry.
The Zambia Chamber of Mines welcomes the changes to the new 2015 Mines and Minerals Development (Amendment) Act which was passed by parliament last Friday. The Chamber maintains its position that the question of having an equitable fiscal regime that promotes the competitiveness of Zambia’s mining sector is not a …
Read More »Copper Production On Rise
While commodity prices on the international market have not fared well this year, Zambia has continued to record high grade copper on an annual basis. Coupled with falling commodity prices, the country has been grappling with power outages which to some extent have led to challenges in the mining sector. …
Read More »Solar power solutions supplied to opencast mines
The ZRW mobile solar-powered floodlighting system was supplied to Namibian iron-ore mine which requires electricity to run 24/7 Tailor-made energy solutions provider ZRW Mechanika’s supply of solar-powered masts last year to chrome mining company Samancor Western Chrome, which operates an opencast mine in Marikana, in the North West, has sparked …
Read More »FQM gives cautious welcome to mining royalties revamp
LUSAKA – Zambia’s largest mining company, First Quantum Minerals (FQM), has welcomed Government’s move to revamp mining royalties as a “step in the right direction” but has called for more to be done to ensure long-term competitiveness and renewed investment in the sector. The new Mines and Minerals Development (Amendment) …
Read More »CBM-TEC 2016 brings top speakers to Kitwe showgrounds
With the third edition of the Copperbelt Mining Trade Expo and Conference (CBM-TEC) now just weeks away, conference speakers and delegates will be tackling head-on the real issues facing Zambian mining. From fiscal policy to power generation for mining, to local content development and value addition, the CBM-TEC conference will …
Read More »Company to exhibit highly resilient pipe at Copperbelt expo
Two trading arms of complete pipeline solutions provider Rare, Rare Plastics and Rare Pipeline Services (which incorporates Rare Construction Zambia), will exhibit at this year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC) from May 12 to 13. Rare will be showcasing its Rare Plastics co-extruded pipe (RPC), developed particularly to …
Read More »Zambia scales back mining royalties to 9%
Zambia has approved a proposal to drop a recent and controversial hike in mining royalties and it is returning to a tax system based on profit in a fresh effort to try solving a six-month standoff with miners over the increase. Tthe government has set mining royalties for both open-pit …
Read More »Copperbelt capital equipment supply must be mutually beneficial to ensure sustiainability,argues researcher
Although the mining inputs cluster in Southern Africa, including capital equipment suppliers and the mining equipment sector in Zambia, is well integrated, more needs to be done to ensure mutually beneficial sustainability for all stakeholders, states University of Johannesburg-affiliated research and capacity development group the Centre for Competition Regulation and …
Read More »Alecto secures partners for the Zambia gold project
Gold and base metals exploration and development company Alecto Minerals has signed an agreement with Chinese mining equipment manufacturer Yantai Xinhai Machinery and South Africa-based turnkey solutions provider PenMin for the proposed construction and financing of mining operations at Alecto’s Matala gold project, in Zambia. This followed the positive outcome …
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