News

Seven months after Zambia defaulted on $3bn of Eurobond debts, Western investors are warming up to the country once again. Bets on Zambian Eurobonds have driven prices back to pre-pandemic levels and international players such as Bank of Nevis have bought up stakes in the country’s banking industry. Ratings agency …

Zambian government has been urged to address impediments to investment inflows and production growth, and to guarantee stable tax policies. Zambia Chamber of Mines president Dr Godwin Beene this week said it was imperative to rectify negative investor perceptions of the mining sector in the country. “Our sector, like any …

Zambian companies have been encouraged to take advantage of Infratel’s telecommunications and ICT Infrastructure services to market and expand their businesses. Company CEO Freelance Bwalya said Infratel boosts of 1261 towers dotted in all provinces as well as other ICT equipment that was accessible to businesses including Small and Medium …

First Quantum Minerals (FQM) has paid more than US$850 million in taxes, royalties, duties and fees to government, community and infrastructure expenditure in 2020. The payments made to With operations in Australia, Finland, Mauritania, Panama, Spain and Turkey, and multi exploration prospects in a number of other countries, the payments …

GoviEx Uranium Inc. has sealed a drilling contract with Hydro Tech Drilling & Exploration (Hydro Tech) to undertake exploration and resource delineation drilling programs on Mutanga Uranium project. “With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. …

Years of innovation and experience in the underground space have now positioned BME – part of the JSE-listed Omnia Group – as an important player in mines where low-profile, bord-and-pillar mining methods are employed. As a blasting and explosives leader in the opencast mining sector for decades, BME has steadily …

Angola and Zambia have signed a memorandum of understanding (MoU) on the construction of pipelines between Lobito and Lusaka. Angolan Minister of Mineral Resources and Petroleum Diamantino Azevedo signed the deal with Zambian Minister of Energy Mathew Nkuwa on April 29. The Angolan statement said studies on the products and …

Hexagon’s Mining division has partnered with Fatigue Science, a leader in fatigue and performance predictive analytics and fatigue management information systems. Combined with its real-time operator alertness and collision avoidance solutions, Hexagon will now be able to help customers further protect and optimize their people and equipment with Fatigue Science’s …

Zambia’s new tax regime has resulted in significantly higher royalty bills than in the past, pitting the nation against copper mining companies. Zambia is Africa’s second-largest copper producer, behind only the Democratic Republic of the Congo. As of 1552 GMT, the London Metal Exchange three-month copper price was trading at …

Investment in design and management of its haul road network has reduced annual spending on the haul fleet at First Quantum Minerals’ Kansanshi Mine by US$5 million. Good pit road maintenance has reduced damage to the tyres – worth US$31,000 each – on its fleet of 82 massive US$3.8 million …