News

Vedanta Resources Plc, owners Konkola Copper Mines, a Zambian unit, has asked over 400 squatters living on a mine land and has disbursed K588, 000 to those farming in the same area earmarked for mine expansion. The 402 residents who have encroached in Chabanyama area in Chingola, one of its …

As concern grows over the continued environmental degradation globally, Zambia included, concerned activists have taken one more hindrance step in Africa’s fifth largest country-Democratic Republic of Congo. The Democratic Republic of Congo has halted oil exploration in the Virunga National Park, Africa’s oldest UNESCO-protected national park after global environmental activists …

As Zambia seeks to raise enough revenue to meet various financial obligations including infrastructure development, renowned economic analysts contend the policy deprives the treasury of resources. The Statutory Instrument (SI) number 89, which demands Government slapping a 10 percent export levy on copper concentrates by mining companies to allow maximising …

After lengthy debate by various economic players within and outside Zambia, the International Monetary Fund has added its voice to appeals by the Government not to nationalize Konkola Copper Mines despite its shortcomings in recent years over its operations. In recent years, KCM, one of Zambia’s main copper and cobalt …

  The mining company has since taking over the unit pledged to cut down the emissions from the smelter a gas which will now be converted into production of acid which the company seeks to maximize in its production unlike releasing to the atmosphere. The completion of the upgrade programme …

                                                                                                                                                                               The Zambia International Mining and Energy Conference (ZIMEC) returns to the capital, Lusaka with an initial attraction of more than 250 delegates and exhibitors indicating their participation in the two-day Indaba. This year’s indaba being held under the theme, “Securing Zambia’s growth by ensuring the sustainable development of its …

Judge Chali to Preside Over Kangaluwi Court Proceedings   Zambezi Resources Ltd  advises that Mr Justice I Chali has been appointed by the Lusaka High Court in to preside over the court proceedings after the previous Judge Mr Justice Kondolo SC recused himself. The court proceedings relate to an appeal …

Investors will be hoping for more certainty and leadership from government on matters of labour, mining rights, royalties and nationalisation as the new Minister of South African Mineral Resources, Ngoako Ramathlodi begins his term of office. “Investors want political certainty on how the government views mining assets, nationalisation and state …

By Esnala Banda  The launch of the Copperbelt Mining Trade Expo & Conference (CBM-TEC) in Kitwe which took place from 28th – 29th April was a huge success attracting more than 1600 visitors. Program director Nicole Smith expressed that expectation for the conference were greatly exceeded as the expo attracted …

PRESSURE on the kwacha to decline will likely be limited this week as companies convert their dollars to meet tax obligations, market watchers said. The kwacha has come under pressure against major convertibles like the US dollar, declining to a record low last due to a shortage of dollars. The …