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 …
Read More »Sentinel Kalumbila mine aim to start production in 2013
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, …
Read More »Chamber of mines clarify windfall tax
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 …
Read More »Mining regulatory framework ‘lopsided’ – LAZ
The legal and fiscal regulatory regime in the Zambian mining sector favours the Government at the expense of other players and there is need to harmonise it to maximize real returns for all players, a legal body has observed. Various reviews undertaken to streamline mining operations from 1993 at the …
Read More »Botswana’s ‘diamond reputation’ faces high uranium mining threats
Botswana, the best regulated and strongest performing mining sectors in Africa, with diamonds being the main commodity, may soon change its reputation as the leader in the precious metal with forecast increased uranium mining in that country. Botswana’s mining industry, the hosts of one of the much sought after minerals …
Read More »Vedanta Resources Plc faces ‘de-listing’ from London Stock Exchange
The fate of diversified miner, Vedanta Resources Plc, with operations across the globe including India and Zambia, has heightened with interest groups and lawmakers petitioning the House of Commons in London over the ‘criminal behavior’ of some of the companies listed on the local stock market. Civil rights campaigners, among …
Read More »Zambia Railways aim to link mines
‘Rejuvenated’ Zambia Railways Limited has mobilized over US$50 million to re-establish an intermine railway network, ostensibly, to ease the cost of doing business by players in the country’s copper and mining sector. The more than 100-year-old Zambia Railways Limited, one of the beneficiaries of the US$750 million Euro bond finances …
Read More »Mozambique discovers more Mineral Resources
The recently undertaken extensive geological surveys in Mozambique have revealed new mineral deposits-graphite, iron ore, among others-fueling hopes for the country’s economic growth in the Southern African state. According to Mozambique’s Mineral Resources Minister Esperance Bias, the mining industry in Mozambique is getting bigger, seen as great news to the …
Read More »Mozambique in talks with coal mining companies over depressed market
Mozambique, one of Africa’s fastest emerging mining frontiers is dialoguing with its foreign coal mining partners’ to find ways of helping them ride out depressed markets following a free-fall of the price of the heating commodity, says its mineral resources minister, Esperance Bias. The price for thermal coal has plunged more than …
Read More »Chamber of mines calls for ‘attractive policies’ to spur mining
Zambia, one of Africa’s leading copper producers should initiate reliable and predictable policies to attract direct foreign investment into the mining and copper industry, the chamber of mines says. Chamber of Mines of Zambia, a consortium of foreign mining companies operating in Zambia says Zambia is still very competitive as …
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