Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
First Quantum Minerals Ltd, which is engaged in a hostile takeover bid for rival base metal miner Inmet Mining Corp, reported a 146 percent jump in quarterly profit, helped by higher copper and gold sales. Net earnings attributable to shareholders rose to $186.7 million, or 39 cents per share, in …
Read More »Analyst seeks details of investment deal with Canada
A LOCAL development analyst has challenged the government to disclose the details of the investment protection deal it recently signed with Canada. Canada, home of the largest mining investors in Zambia, last week moved in to secure its investments in Zambia with the signing of a foreign investment promotion and …
Read More »KCM, ZRL sign MOU on lime transportation
KONKOLA Copper Mines and Zambia Railways have signed a memorandum of understanding which will see the railway company transporting lime from Ndola to the mine in Chingola. The MoU is expected to culminate into a long- term agreement, which would enable Zambia Railways to transport KCM’s copper anodes from Chingola …
Read More »CEC acquires 60% shares in Nigerian energy company
A JOINT venture company where Copperbelt Energy Corporation ( CEC) has 50 per cent shareholding has acquired 60 per cent interest in the Abuja Electricity Distribution Company that supplies power to over 10 million people in Nigeria. KANN Utility Limited is a joint venture company between CEC Plc and XerXes …
Read More »BSI re-certifies Mopani
THE British Standards Institute (BSI) has re-certified Mopani Copper Mines for operating in compliance with the international quality management system standard. In a statement released yesterday, Mopani Copper Mines chief executive officer Danny Callow stated that the recertification followed a successful quality management system audit which took place in December …
Read More »Zambia hikes mine licence fees to global levels
Zambia has managed to increase the cost of its mining licences in order to bring them in line with other countries, stated Minister of Mines, Energy and Water Development, Yamfwa Mukanga. The fees for large-scale mining and change of control licences has been increased to 28 800 kwacha from 1 …
Read More »Gemfields Announces Mila Kunis as Global Brand Ambassador
Gemfields, the world’s leading coloured gemstone producer, which owns 75 percent of the Kagem emerald mine in Lufwanyama District in partnership with the government of Zambia, has announced that Mila Kunis is the company’s new brand ambassador and the face of its latest advertising campaign. A natural fit for Gemfields, …
Read More »Gemfields Record Increases in Emerald Production
Gemfields Plc’s Emerald production rose in the second quarter which ended in December 31 2012 to 69 percent after higher grades were recorded at its Kagem Mine Lufwanyama on the Copperbelt from 3.9 million carats in 2011 to 6.6 million carats. “Emerald grade for the quarter was 288 carats per …
Read More »Skills transfer to be enhanced – Mines Minister
The Zambian mining industry is set to the risk of being crippled if foreign companies do not enhance skills transfer and invest in local mining engineering services. Launching a mining and engineering services seco-drills workshop organised by Tranter Mining Zambia at Mindola shaft in Kitwe, Christopher Yaluma Minister of Mines …
Read More »Equipment simulator for underground mining
The Zambian mining industry is set to the risk of being crippled if foreign companies do not enhance skills transfer and invest in local mining engineering services. Launching a mining and engineering services seco-drills workshop organised by Tranter Mining Zambia at Mindola shaft in Kitwe, Christopher Yaluma Minister of Mines …
Read More »