News

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 …

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 …

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 …

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 …

‘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 …