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Uncertainty in fiscal regime coupled with bureaucracy have forced Toronto listed and leading copper and gold miner, First Quantum Minerals to ‘hold on’ to its planned US$1 billion capital outlay to Zambia. While there has been remarkable investment at its flagship and US$2 billion Trident Kalumbila mine in Solwezi in …
Read More »Glencore Xstrata ‘flagship’ shaft set for 2016
Part of the shaft being sunk Swiss-based commodity trader, Glencore Xstrata’s planned commissioning of the US$323 million synclinorium shaft at its Nkana operations in Kitwe is earmarked for next year as it seeks to boost production. Mopani Copper Mine, Zambia’s second leading producer of copper and cobalt seeks to increase …
Read More »Master Power’s R&D Department Stresses Innovation
South African electricity supplier, Eskom recently announced intentions to reintroduce load shedding as South Africa is experiencing winter. The detrimental factors to this course of action are obvious, including the disruption of business and income generating activities. Therefore, continuous power management solutions are essential. Master Power Technologies, with operations in South Africa …
Read More »Trident Kalumbila mine project on course
Work on $2 billion Kalumbila minerals, a subsidiary of Toronto listed miner, First Quantum Minerals Limited, situated in Solwezi, is progressing well with the miner seeking to connect to the national grid by December this year. The mine, lying 140 kilometres west of Solwezi, which will embrace a US$680 million …
Read More »Copper a major determinant for Zambia’s growth-Scott
The two-day Zambia Mining and Energy Conference opened in Lusaka, today, with Vice President Guy Scott reiterating the need for the Southern African state to review its total dependence on copper as the main source of revenue for economic growth. Scott noted that while Zambia cannot give up copper, gold …
Read More »Mining Companies contribute towards Solwezi municipality in developmental activities
Three mining companies operating in Solwezi district, an emerging mining town in north western province contributed a total K30 million to the local municipality for various developmental activities in the district, a report said, citing Town Clerk Ronald Daka. The payments remitted to the municipality between June 2012 and 390 …
Read More »Zema Aprroves Mpande Limestone Project
Zambezi Resources Limited (ZRL) is pleased to announce that the Zambia Environmental Management Agency (ZEMA) has approved the Mpande Limestone Project’s Environmental Impact Study (EIS). The approval follows an extensive and thorough process which included review of technical information, site inspections and public consultations. With the approval of the EIS, …
Read More »EPC Contract Signed for the Nabeba Railway in Congo
Congo Iron SA and Mota‐Engil Africa, a subsidiary of Sundance Resources, have signed the Engineering Procurement and Construction (EPC) contract for the 52km section of the Nabeba‐Mbalam railway line to be built in the Republic of Congo (Congo‐Brazzaville) which will connect the Nabeba mine to the Cameroon railway. International engineering …
Read More »Zambia rakes in K4 billion from mining mineral taxes, Chikwanda
Zambia’s quest to raise resources from the mineral wealth surged last year with the reported collection of more than K4 billion in various mineral related taxes as the copper-rich country gained fresh ratings on the economy. President Michael Sata has since ascending to office on 20 September 2011 embarked on …
Read More »GEMFIELDS RAISES $33.5M FROM INAUGURAL AUCTION OF MOZAMBIQUE RUBIES
Gemfields plc has raised US$33.5m in Singapore from an inaugural auction of rubies from its new mine in Mozambique. The auction was held in Singapore from June 12-17, 2014 and comprised high and low quality ruby and corundum extracted by Montepuez Ruby Mining Limitada, in which Gemfields has a 75 …
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