News

The fate of one of Zambia’s leading mining companies, Konkola Copper Mines has continued unfolding with Government revealing various shortcomings on the operations of the copper producer. Recently, the Government announced its intentions to audit the Vedanta Resources Plc owned KCM to establish various developments and commissioned a technical committee …

The planned construction of the much awaited three-mega tons per annum, Kitumba Copper mine project in Mumbwa in central Zambia comes under public scrutiny on 11 July this year as owners and Australian listed Blackthorn Resources Limited, await to start developing the project. According to developers, Blackthorn Resources Limited plans …

The copper mines in Zambia are a boon for the country. But the dust that is generated in and around the mines can have widespread impacts on the health of workers and the environment. Dust can also substantially reduce the lifespan of machinery. “Dust is a big problem in towns …

Zambia’s efforts to generate revenue intended to sustain its infrastructure and bolster economic growth other than rely on the income from mines, is paying dividends with Government to date, raising US$30 million in toll gate charges. Since the late 1990s Zambia has attracted over US$8 billion in direct foreign investment …

Plans for a 100 percent takeover of the Zambia’s sole nickel mine, a unit of Albidon Zambia Limited may probably take longer than was envisaged because of a protracted US$12 million debt the company owes. According to the Government, the impending sale of Munali nickel mine to a British Company, …

Consistency in policies coupled with dialogue among players in the mining industry has sustained Chile’s reputation as the global top copper producer, which if emulated, Zambia can compete as world’s leader too, an expert says. Chile accounts for 80 percent (lion’s share) of the global copper production, recording a high …

The revised 28.8% energy tariffs for mining companies in Zambia-Africa’s rich copper producer has taken a new twist with the chamber of mines contesting in the courts of law, that decision by the energy regulatory body effected on 2nd April this year. The courts have since granted a judicial review …

In what will, if successful, be the first step in ensuring that qualified Zambians are considered for top jobs in line with their skills and abilities since mining started in Zambia over 80 years, Toronto listed miner, First Quantum Minerals Limited, has taken a bold step. According to the company’s …

Amid the fray over the alleged underpayment of tax to the Zambian Government coupled with the recent ‘mocking’ of the laxity in mining policies that has seen the company pocket over US$500 million in profits annually, Konkola Copper Mines wants to remain in the copper rich nation for over 50 …

The Africa One Core Mining Services Fund, ran by Africa One Capital PCC of Mauritius, has announced that it seeks to expand its investment on the Zambian Copperbelt by investing in key strategic partnerships as well as funding expansion projects of its local subsidiary Group R Mining & Exploration (Zambia) …