News

Kagem optimistic about Zambia’s gemstone future

Hon. Kabuswe noted that now more than ever – and in light of the Covid-19 pandemic – the government was determined to provide the necessary leadership, structures and policies that would see the mining sector thrive. He stressed the need for transparency in the sector, a view that is shared …

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Zambia lays plan to reduce its global debt mountain

According to Finance Minister Situmbeko Musokotwane and the IMF, Zambia’s plan to reduce its global debt mountain will include eliminating unsustainable energy and agriculture subsidies. Zambia and the International Monetary Fund reached a staff-level agreement on a $1.4 billion, three-year extended credit facility on Friday, bringing the heavily indebted country …

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The continued suspension of Kasenseli gold mine puts the central bank’s gold reserve build-up in jeopardy

The new Mines Minister Paul Kabuswe’s continued suspension of the Kasenseli gold mine operating license, and thus mining activities, from late October 2021 put the central bank’s gold reserve build-up target for 2021 in jeopardy. Since the gold-buying program began in January this year, the Bank of Zambia (BoZ) has …

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‘Government should move into Luapula Province armed with production-oriented policies for mining activities to support economic growth’

A well-managed manganese mining sector has the potential to turn the country’s economic fortunes around. Even though the country’s manganese mineralisation data does not indicate to what extent mineral-rich Luapula Province, for example, is endowed with the energy mineral, recent mining activities in the area indicate that there is an …

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KANSANSHI MINING PLC ENCOURAGES YOUTH PARTICIPATION IN AGRICULTURE

Mining giant cosponsors Hematon youth and women agricultural summit First Quantum Minerals through Kansanshi Mining Mining Plc recently co-sponsored the Hematon Youth and Women Agricultural Summit, which took place in Lusaka. Local youth were encouraged to take up a more active and productive role in the agriculture and livestock sector …

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Zambia mining making significant strides in wooing investors

Zambia is doing everything it could to impress investors with promises to be more private-sector driven, to invest more in green energy, and to do everything it could to reclaim the top spot in global copper at a time when the metal is poised to play such a critical role …

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‘Normalization of Zambia’s fiscal restrictions a very significant event in the country’s efforts to attract fresh investment’

According to Mark Bristow, CEO of Barrick Gold, the normalization of Zambia’s fiscal restrictions was “a very significant event” in the country’s efforts to attract fresh investment. Zambian tax policies were revised in its national budget last week, just two months after Hakainde Hichilema was elected as the country’s new …

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Mining set to benefit from Zambia’s economic turnaround attempts

Hakainde Hichilema was imprisoned in Zambia four years ago, accused of treason. He is now attempting to salvage the country from financial collapse in southern Africa. Hichilema confronts the job of turning around the resource-rich but near-bankrupt country over 100 days after defeating the man who placed him in prison, …

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Why the mining unions are unable to protect the workers

Wages and working conditions in Zambia’s mining industry have been steadily declining for the past 30 years. This is largely due to changes in labour laws. Strikes have been outlawed, worker subcontracting has become more common, and wages are now negotiated on a case-by-case basis rather than for the industry …

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Precision delivery key to Unitrans Africa’s mining-sector success

The proven mining-sector material handling capability of Unitrans Africa (UA) is laying the groundwork for a bright future marked by unique innovation in key areas of the company’s operations. Unitrans Africa’s bold, long-term vision includes electric vehicles as well as real-time stockpile management and reporting. But none of these concepts …

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