News

Playing a key role in the growth of the Zest WEG Group’s footprint across Africa, group company Zest Energy is moving towards the commissioning of its first reference site for diesel power generation in Zambia. Zest Energy also has installations in Congo, DRC, Tanzania, Zimbabwe and Ghana. The order was …

Zambia, Africa’s leader in copper production may refund mining companies over US$500 disputed repayments in Value Added Tax (VAT) over a staggered period; the post reported citing finance minister Alexander Chikwanda. Earlier reports by Bloomberg News say the Zambia Revenue Authority had last year stopped tax repayments to mines that …

The Finnish steel producer Ruukki Metals is converting its blast furnaces at the Raahe site in Finland from oil injectors to more cost-efficient Pulverized Coal Injection (PCI). The new injection system is supplied by Claudius Peters Projects GmbH and two LOESCHE mills LM 23.2 D will be installed to handle …

Tanzania, renowned for gold production seeks to diversify from the mining industry’s over-dependence of gold business into other minerals in the market such as coal, nickel and uranium to maximize on its direct foreign investment in the Eastern African State, a report said. The British market intelligence firm, Business Monitor …

Bimha mine, Zimbabwe’s leading platinum producers dropped production of the metal by 50 percent recently after a major collapse occurred underground in Zimplats, Ambriefonline reported. The collapse art one of the operations underground cist the company 50 percent of the total metal production. The report did not elaborate when the …

Strike afflicted and Anglo American owned Platinum miner, (Amplats) was capitalising its mechanised mines and might spend up to R100-billion (about K50 billion) on them plus Amandelbult in the next ten years, its chief executive officer, Chris Griffith told Mining weekly, Monday. At the company’s announcement of highly acceptable financial results …

Ahmed Kalej Nkand, the chief executive officer for Democratic Republic of Congo’s state-run largest copper producer, Gecamines has been fired for alleged ‘gross negligence’ according to a Presidential decree issued by the Presidency, Reuter’s reports. Although Government officials have not divulged details and reasons for the dismissal of Nkand, it …

Copper output from Zambia, Africa’s main copper producer increased over 100,000 tones in the first quarter this year compared to a year earlier, the Bank of Zambia says. According to the Lusaka-Based Bank of Zambia, copper production rose to over 400,000 metric tons in the first quarter of 2014 from …

First Quantum Minerals Limited forecasts to produce 300,000 tons of copper by the end of this year at its ‘Greenfield’ Sentinel Kalumbila mine by the end of this year, a mine official says. The Sentinel mine, part of the US$2 billion Trident project located west of Solwezi in North-Western Province, …

The Chamber of mines of Zambia, a consortium of foreign mining companies operating in the country are not opposed to the principal of the windfall tax but how it is applied in the industry, says its President, Emmanuel Mutati. The consortium says while it supports the tax regime, mining companies …