Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
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 …
Read More »Stay engaged, in the interests of trust
As could be expected, the Zambian government’s recent raising of mining royalties – replacing the 30% corporate income tax on mines – has been the focus of much media attention. However, little of this coverage has touched on the essential issue of building a more constructive relationship between mining companies …
Read More »Suppliers warn mines against using new tax regime as excuse to delay payments
MINE suppliers and contractors have warned mining companies against using the new tax regime to penalise them. Mines Suppliers and Contractors’ Association president, Augustine Mubanga, said the new tax regime should not be used as an excuse to delay payment as well as discard local suppliers and contractors. The Chamber …
Read More »StanChart sees Zambia’s copper output stagnating
Further cutbacks and overall production stagnation are anticipated in Zambia’s mining industry in 2015 if global copper prices do not recover, says a latest Standard Chartered research report. According to Standard Chartered’s On the Ground report following the 2015 mining indaba held in Cape Town last month, Zambia’s new royalty …
Read More »GEMFIELS sets another record at Lusaka Emerald auction
At least $14.5 million has been realized at the seventh Kagem local auction of precious stones held in Lusaka last month, Gemfields, has announced. Chief Executive Officer Mr. Ian Harebottle said the stones auctioned were of lower quality rough emerald and Beryl from Kagem mine in Ndola rural. “”We’ve set …
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