Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
By Obert Simwanza Zambia’s power utility company, ZESCO has awarded a Turkish transmission contractor a 15-month contract to upgrade the 342Km Kafue Town Muzuma-Livingstone high voltage transmission line to 330 Kv from the current 220 Kv, a Turkish official has said. “The upgrade is Babcock’s first project of this magnitude …
Read More »Yaluma, Mwanakatwe to grace Copperbelt Trade Expo gathering.
Minister of Mines, Energy and Water Development, Christopher Yaluma, and his Commerce, Trade and Industry, counterpart Margaret Mwanakatwe, are expected to lead a high-level government delegation at the forthcoming Copperbelt Mining Trade Expo & Conference (CBM-TEC), scheduled for May 5-6 in Kitwe. More than 1800 participants including visitors, exhibitors and …
Read More »Adapt to local culture, Chinese investors urged
By Hicks Sikazwe Collum coal mine in Sinazeze, Southern province shut in 2013 for poor safety standards has been opened with a warning to Chinese management to adapt to local culture to avoid conflict. President Edgar Lungu threatened government would withdraw the operating license if the firm did not comply …
Read More »‘Changes to mining taxes to affect 2015 Budget’
By Obert Simwanza The Zambia Council for Social Development (ZCSD) has said that the proposed amendments to the controversial mining taxes will adversely affect the estimated revenue from the 2015 national budget. ZCSD executive director Lewis Mwape said that his organisation had maintained that the 2015 budget was a disaster …
Read More »Expert condemns decision to discard new mine tax regime
FINANCIAL and banking expert Makesa Kalifungwa says Cabinet’s decision to do away with the 2015 mining tax speaks volumes about the lack of direction and policy inconsistencies of the PF government. Last month, President Edgar Lungu directed finance minister Alexander Chikwanda and his mines counterpart Christopher Yaluma to review the …
Read More »Berkeley shifts gears on Kabwe processing plant
London-listed Berkeley Mineral Resources (BMR) has scrapped the definitive feasibility study- (DFS-) recommended multispiral gravity separation in favour of leach processing for its Kabwe project’s pilot plant, in Zambia. The shift in methodology for the recovery of zinc and lead from the washplant tailings (WPT) and leach plant residue …
Read More »HH speaks out on mine royalty tax
By Obert Simwanza Zambia’s leading opposition figure Hakainde Hichilema has asked the government to collect what is currently owned by mining investors before seeking to change the taxation system. Hichilema, who leads the largest opposition party – United Party for National Development (UPND) said the government should collect what …
Read More »Zambia backs down over mineral tax
By Hicks Sikazwe Government has backed down over the controversial eight and 20 percent mineral tax effected in January after concerted pressure from mine owners. Following an order by President Edgar Lungu on March 28 to the Ministry of Finance and Mines, Cabinet on Monday approved the changes to the …
Read More »Barrick will not pull out of Lumwana
Barrick Gold Corporation of Canada will after all not pull out from Lumwana in Solwezi Northwestern province following government decision to review the 2015 mineral tax. According to mining.com, “Barrack will continue operations at its Lumwana copper mine in Zambia while the government tweaks a new royalty regime.” Last week …
Read More »Aurecon clinches US 200m Zesco power upgrade contract
Zambia Electricity Supply Corporation (ZESCO) has awarded Aurecon a $200m contract to provide engineering, design and construction supervision services. The World Bank funded project will improve Transmission and Distribution Rehabilitation in Lusaka.The Zambia capital is regarded as the second fastest growing city in Africa. Its electricity demand has grown at …
Read More »