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Whatever happened on that fateful night when four miners died in an underground accident at Mopani must be made known, says ZCTU president Nkole Chishimba. And mines minister Christopher Yaluma says the death of the miners spoke volumes of the fact that a lot still needed to be done …
Read More »3000 KCM jobs on the line as the mine suspends operations at the Nchanga underground unit
KONKOLA Copper Mine Plc has written to its workers at Nchanga, informing them that the Chingola-based underground mine will be put on care and maintenance with immediate effect. According to a letter addressed to the employees, KCM stated as follows: “This information must be communicated to all staff by Friday …
Read More »Mopani mine accident rescuers retrieve machine, no bodies
RESCUE workers at Mopani South Ore Body have retrieved the machine that was being used by the four miners who died underground last week. The search for the bodies of the affected miners still continues, although some body parts were found last week. Copperbelt minister Mwenya Musenge said yesterday that …
Read More »South African power utility Eskom says open to coal imports for new power stations
South African power utility Eskom is open to importing coal for plants it still plans to commission, a coal conference heard on Tuesday. Willem Theron, business development manager of Eskom’s southern Africa transmission group, said the state-run utility planned to install an additional 6 250 MW of coal-based power after …
Read More »Zambia power reductions imposed: First Quantum cuts back at Kansanshi
On Saturday, 25 July, Zambia power reductions were initiated and electricity supply to First Quantum Minerals’ Kansanshi operation, including the smelter was reduced to 117 MW from the steady-state level of 153 MW. This is following the company’s notice receipt three days prior from ZESCO, Zambia’s state-run power company, of the declaration of Force Majeure for …
Read More »Zambia power cuts feed copper supply worries, lift prices
Zambia power cuts feed copper supply worries, lift pricesPower restrictions could hit output at First Quantum’s Kansanshi mine. (Image courtesy of First Quantum)Copper prices were on their way up Tuesday, after touching a six-year low the day before, as Zambian power utility Zesco Ltd announced power supply cuts that will …
Read More »4 miners feared dead at Mopani after underground earth collapse
FOUR miners are feared dead at Mopani Copper Mines in Kitwe after an underground collapse. The accident happened early yesterday at SOB, 3240 metre level. Highly-placed sources identified the victims as Emmanuel Kyongola, Honest Mushota, Arnold Mambwe, all machine operators, and Abel Munthali, a workman. “What happened is that …
Read More »Govt sale of its ZCCM-IH shares pushes LuSE turnover to K581m
THE Lusaka Stock Exchange has posted a huge trade turnover of K581 million due to the massive revenue contributed from the sale of government’s shares in ZCCM-IH. According to the LuSE monthly news bulletin for June 2015, total trade turnover on the local bourse was K581 million, up from K41.7 …
Read More »Zambia’s mining industry says new tax rules will scare away investors
Zambia’s mining industry said on Wednesday that an increase in corporate tax to 35% and other new tax rules will scare away investors and discourage processing to add value, and called for them to be scrapped. Last month Zambia, Africa’s No 2 copper producer, approved a plan to increase the corporate income …
Read More »Zesco aims to cut power by 30% to the mines
LUSAKA – Zambia, Africa’s No.2 copper producer, plans to cut power supplies to mines by up to 30% as early as next week, after water levels at its hydro-electric projects dropped due to drought, industry sources told Reuters on Tuesday. The plan, still under discussion with the industry, will see state-run power …
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