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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 6% …
Read More »Practical workshops for mining community at CBM-TEC
Free, practical workshops for mining community at Copperbelt Mining Trade Expo & Conference in Kitwe in May “We are addressing a great need in the industry” The free, practical workshops at the Copperbelt Mining Trade Expo and Conference or CBM-TEC in Zambia’s mining hub Kitwe were so well attended last year that …
Read More »Study on rail link between Angola and Zambia to costs US$4.9 million
The African Development Fund (ADF) will provide funding of US$4.9 million for a study to upgrade Angola’s transport plan, including the connection of the national rail network to Zambia, according to an Angolan presidential order. The order approves the financing agreement for a study of the update of the Master …
Read More »Mines fiscal regime will discourage investment – Shula
ECONOMIST Kampamba Shula says Zambia is facing a real risk of discouraging further investments in the mining sector with the raised mineral royalties, which may force companies to avoid paying. Commenting on the controversial 2015 mining fiscal regime that saw mineral royalty tax jump to 20 per cent for open-pit …
Read More »Government sees end to mine tax impasse
The Ministry of Mines says Zambia is still capable of beating the Democratic Republic of Congo’s copper production output because of the country’s favourable conditions. And the ministry says the ongoing mining fiscal regime impasse that is disturbing the sector will soon be resolved and is sure “everyone will be …
Read More »Zambian Consortium plans to bid for Collumn Coal Mine
CIVILSTRUST Consortium Limited has teamed up with a group of Zambian experts in various fields to put in a bid to run the embattled Collum Coal Mine. Executive chairman for the consortium, Peter Kapala, revealed that Civilstrust wants to acquire a large-scale mining licence and restore operations at the defunct …
Read More »Mines under pressure to raise production – Sikamo
THE Chamber of Mines of Zambia says uncertainty in the fiscal regime brought about by new mineral royalties as the final tax has unsettled mining companies, warning that about 12,000 jobs are on the line this year. And Engineering Institution of Zambia vice-president for policy and public relations, George Sitali, …
Read More »DR Congo to maintain copper production lead over Zambia
The Democratic Republic of Congo is expected to maintain a clear and decisive lead in its copper production over Zambia into 2020 should Lumwana close as planned, new mining research reveals. According to the 2015 Deloitte State of Mining in Africa report, new data shows that copper production in the …
Read More »Gemfields looks to expand trading in precious stones
Trading in precious stones could account for “a sizeable chunk” of Gemfields‘ revenue within five to ten years, the company’s CEO said on Monday. Gemfields holds ambitions of creating a stable world market for colored gemstones, polishing their image in the way that Anglo American’s De Beers has championed diamonds from London‘s Bond Street to China. London-listed Gemfields gets about …
Read More »Mutati warns of energy crisis
FELIX Mutati says Zambia has a chance to avoid an energy crisis by making power tariffs cost-reflective to attract private sector investments in the electricity sector. And chairperson of the parliamentary committee on economic affairs, energy and labour, Kennedy Hamudulu, says Copperbelt Energy Corporation has taken a bold move to …
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