Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
Alexander Chikwanda, Zambia’s finance minister, Michael Gondwe, Zambia’s central Bank Governor and the Zambia Development Agency are among nominees for Africa’s top renowned awards in ‘excellence’. The three-some, who fall under the 17 categories that include Global Investment Personality of the Year, Best Initiative in Support of SMEs and the …
Read More »Zambian Government rejects downsizing, mining companies cry for “relief”
The ongoing concern by mining companies over the withholding of over US$500 million by Zambia Revenue Authority (ZRA) from mines and other exporters has not gone well with the Government. In recent weeks, there has been concern from various mining companies such as Mopani Copper Mines, Chambishi Metals, among others …
Read More »Zambian government unhappy at mines’ ‘blackmail’, sable zinc to lay off workers
The raging impasse between the mining companies and Government over the withholding of over US$500 million in Value Added Tax (VAT) may force most of the mining companies to lay off some workers and shelve new projects in order to remain sustainable in Africa’s rich copper producer. Recently, Mopani Copper …
Read More »Murray & Roberts cementation continues to excel at Lubambe copper mine LTD
Murray & Roberts Cementation’s second contract, for the trackless high speed development at Lubambe Copper Mine in Zambia, has been extended by a further two-year period. The Lubambe Copper Mine which is a joint venture between African Rainbow Minerals, VALE and Zambia Consolidated Copper Mines Investment Holdings, is expected …
Read More »Mokambo Copper Mine in Zambia to delay commissioning?
Speculation is mounting over the future of the much anticipated construction and commissioning of more than US$500 million Mokambo underground copper mine in Mufulira, a unit of China’s Changfa Resources Limited whose development was focused to start in August this year with an initial investment o US$500 million. The project …
Read More »KCM remits over K700 million to Government in taxes
Despite the various problems afflicting Konkola Copper Mines in recent months in addition to a commercial standoff with Copperbelt Energy Corporation over US$44 million in energy services, the miner has upheld its tax obligations and remitted over K700 million in taxes to Zambia Revenue Authority two years ago. Deputy mines …
Read More »KCM grapples to remain operational in Zambia
Operational problems at Konkola Copper Mine (KCM) have heightened because of a myriad of problems besieging the country’s leading producer of copper and cobalt. Until Friday, Sept.26, KCM had power restricted to a number of operations including the concentrator at the Tailings Leach plant and the underground section which later was flooded …
Read More »Bailiffs pounce on KCM over another debt
Troubled Konkola Copper Mines, facing a US$44 million commercial debt with Copperbelt Energy Corporation has been embroiled into another problem. This time, bailiffs have seizing assorted goods at its offices at Acacia House in Lusaka over a US$ million owed to another supplier of goods and services to the mine …
Read More »Mopani Copper Mines makes headway in finalisation of US$323 million Synclinorium Shaft
Mopani Copper Mines Plc, a unit of global commodity trader and Switzerland based Glencore Xstrata has in earnest stepped up efforts to complete the much awaited US$323 million Synclinorium Shaft at the Company’s Nkana mine in Kitwe to elongate the mine’s lifespan. The shaft, which when completed by next year …
Read More »‘ERRATIC POWER SUPPLY’, DELAYED VAT REFUNDS COST CHAMBISHI METALS PLC REVENUE, AFFECTS MINE EXPANSION-ZCCM IH
Erratic power supply coupled with unpaid for US$23 million owed in Value Added Tax forced Chambishi Metals Plc, a unit of Enya Holdings Ltd. to incur losses during the just ended financial year, Zambia’s Holding company-ZCCM IH says in a report. ZRA has withheld over US$600 million in value-added tax …
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