Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
KONKOLA Copper Mines has started importing copper concentrate from Chile which contains arsenic, a toxic chemical element that causes cancer if exposed to humans in uncontrolled quantities. But the mining company says it has taken the necessary precautions to ensure that “this and all impurities are captured and safely stored …
Read More »Zulu warns mine investors against blackmailing govt with mass layoffs
MINES deputy minister Charles Zulu says investors in mines should not resort to expressing their displeasure with any government policy change by threatening to lay off workers. And Mopani Copper Mines chief executive officer Johan Hansen says what is required most in the mining sector is stability in tax regime. …
Read More »Investor confidence in Zambia very low – Osborne
COPPERBELT Show Society chairman Bill Osborne says investor confidence in Zambia at the moment is very low. And President Edgar Lungu says the country must move away from perceiving mining as a mere source of revenue, and see it as a catalyst for economic transformation. Speaking when President Lungu opened …
Read More »First copper from DRC-CHINA deal due by year end – govt
A joint venture between Democratic Republic of Congo’s (DRC’s) State miner and two Chinese companies, signed under a 2009 “minerals for infrastructure” deal, will begin producing copper before the end of 2015, the DRC’s government said on Thursday.Under the deal Chinese companies pledged to build $3-billion worth of roads, railways, …
Read More »Governor of Congo mining hub Katanga warns against tax hike
The powerful governor of Democratic Republic of Congo’s Katanga province warned on Wednesday against significant tax hikes in a proposed new mining code amid a recent decline in copper prices.The southeastern province accounts for nearly all of the vast central African state’s copper production, which surpassed one-million tonnes for the first time …
Read More »Suspension of Lumwana workers angers mine unions
MINEWORKERS unions say the suspension of 139 workers at Barrick Lumwana Mine in North-Western Province is an indirect way of retrenching employees. Barrick Lumwana Mine management has suspended 139 workers, mostly those who were suspected to have taken part in the threatened mine closure protests following increased mineral royalty taxes. …
Read More »West African summit to focus on challenges affecting the region
The 2015 West and Central Africa (WaCA) Mining Summit and Expo, which will be held at the Accra International Convention Centre, in Ghana, on May 20 and 21, will focus on ways to mitigate the challenges facing the mining industry in these two regions.The summit’s theme – A Premier Showcase of …
Read More »Mining rights applications will be decentralised’
GOVERNMENT says it is in the process of decentralising applications for mining rights and renewal of licences to help grow Zambia’s mining sector to enable it become competitive on the international market.Minister of Mines, Energy and Water Development Christopher Yaluma said application for mining rights and renewal of licences will …
Read More »State reviews mining growth projections
GOVERNMENT is reviewing the growth projections of the mining industry in the short to medium term.Minister of Mines, Energy and Energy Development Christopher Yaluma said the mining industry is highly competitive as evidenced by the recent growth levels of copper production in the Democratic Republic of Congo, hence the need …
Read More »Kwacha expected to gain
THE Kwacha is expected to gain against the United States (US) dollar due to inflows of the greenback on the market, Zanaco Bank says.In its daily treasury newsletter, the bank says the local unit was yesterday anticipated to trade in the range of K7.30 and K7.45 against the dollar in the …
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