Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
BMR Mining (LON:BMR), formerly Berkeley Mineral Resources, saw shares surge in early deals as it took a further step towards processing tailings at a pilot plant in Zambia. The firm wants to extract lead and zinc from the vast tailings deposits at the Kabwe mine. Now the Zambia Environmental Management Agency (ZEMA) …
Read More »Devaluation of Yuan rattles African economies…
THE shock waves from China’s surprise yuan devaluation are ricocheting through African economies, sending currencies tumbling and stoking anxiety that the continent’s biggest trading partner might be losing its appetite for everything from oil to wine. The rand hit a 14-year low of R12.94 to the dollar on Monday, extending …
Read More »Zambia starts importing power from Mozambique
Lusaka, Zambia has started importing 100 megawatts of power from neighboring Mozambique as part of efforts to mitigate a power deficit the southern African nation was currently facing. Zambia is currently facing a 560 megawatts power deficit caused by reduced water levels in the reservoirs for hydro power generation. The …
Read More »Zambia to end power tariff subsidies for big firms
Zambia’s government will stop supplying cheap electricity to large industries as Africa’s second largest copper producer battles a costly power shortages. The move away from subsidised electricity tariffs for large consumers will happen immediately, while state utility Zesco will source energy from private producers to plug the deficit, government spokesperson …
Read More »Government may fail to collect enough tax from mines in 2015 – EAZ
THE Economics Association of Zambia says there may not be enough mining tax revenue collected by the government this year because the sector is grappling with low copper prices and production.Copper prices on the international market have this year been steadily declining, now trading at around US$5,165 down from over …
Read More »Less power for mines in Zambia
Lusaka – Zambian power companies will cut electricity supply to mining firms by 30 percent due to a power deficit which threatens to bring the economy of Africa’s No.2 copper producer to its knees, an industry official said on Wednesday. The decision was reached on Tuesday in a meeting involving mining …
Read More »Gemfields lifts FY output
Aim-listed Gemfields’ 75%-owned Kagem emerald mine, in Zambia, delivered 8.1-million carats of emerald and beryl in the quarter ended June 30, lifting output for the full 2015 financial year to 30.1-million carats of emerald and beryl. This was comparable with the 6.2-million carats of emeral and beryl produced in the fourth …
Read More »Zesco restores power at Sentinel mine
LUSAKA – Zambian power utility Zesco has restored full power to First Quantum Sentinel mine, the Canada-based company said on Thursday. “Sentinel Mine has been given unlimited power, more than previously used to run the plant,” the company said in a statement. Energy minister Christopher Yaluma on Wednesday directed Zesco …
Read More »Mining firms agree to cut power use
LUSAKA – Mining companies operating in Zambia’s copper belt have agreed to reduce power usage by between 10% and 15% to ease pressure on the national grid, the chamber of mines said on Wednesday.Zambian power utility Zesco Ltd is limiting the power it supplies to customers, including Copperbelt Energy Corp (CEC) …
Read More »Tanzanian mining firm prepares for battery grade graphite production
Kibaran Resources has completed a Scoping Study for a battery grade manufacturing facility that highlights robust economics and a compelling development case in Tanzania. This follows the company completing in July a Bankable Feasibility Study confirming the viability of a conventional open cut mine and conventional flotation processing plant at …
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