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Joint ventures, rather than outright acquisitions, have the advantage of spreading the risks associated with complex minerals that may not provide the margins of the traditional bulk commodities. As the trend gathered pace, the world’s largest listed BHP Group (BHP.AX), this month said it had spent $40 million to advance …

Zambia Finance Minister, Situmbeko Musokotwane, says high global copper prices should help attract the investment needed to allow Zambia to boost its annual production to about 3 million tonnes over the coming decade from an estimated 800,000 tonnes in 2021. First, however, the government must find an investor to take …

Gemfields has revealed its cash and cash equivalents by year-end which is  $97.7-million, with $34.7-million of outstanding debt with the Absa Group, resulting in a net cash position of $63-million. The net cash position excludes the outstanding balance of auction receivables of $54.5-million at December 31, 2021. Gemstone miner Gemfields …

BHP has reported lower volumes at Olympic Dam due to a planned smelter maintenance campaign, completed in January 2022. This was partially offset by higher volumes at Antamina. Escondida copper production decreased by 15% to 488 000 t due to concentrator feed grade decline, despite a record performance for material …

The United States government, through the United States Agency for International Development (USAID), has signed an agreement with National Rural Electric Cooperative Association (NRECA) International to support widespread electrification and economic development in rural communities in Zambia. The parties signed a five-year cooperative agreement expected to spur economic development in …

“The continent, including Zambians, haven’t understood that there have been a lot of changes in the IMF,” said Zambian President Hakainde Hichilema, who won the presidency in August 2021. “The IMF of today understands the need for growth and opportunities in our countries.” Hichilema, who is seeking to ratify a …

Government has issued a new Statutory Instrument No. 94 of 2021 (SI No. 94 of 2021) to revoke Statutory Instrument No. 24 of 2021 (SI No. 24 of 2021), which declared CEC’s transmission and distribution lines as Common Carrier. SI No. 94 of 2021 revokes Statutory Instrument No. 24 of …

“All eyes are on Zambia,” says Peter Major, director of mining at Mergence Corporate Solutions in South Africa. Major spoke in Cape Town in October as he prepared for a mining investment trip to Zambia. In the new president, Hakainde Hichilema, he says, the country has “a real businessman” in …

Safe and efficient blasting has taken a momentous step forward with Omnia Group company BME’s launch of AXXIS Titanium™, one of the world’s most advanced electronic blast detonation systems. BME Managing Director Ralf Hennecke has hailed AXXIS Titanium™ as a significant advance for the company’s ever-evolving technology offering, securing BME’s …

As the mining firm focuses on delivering disciplined and responsible growth Lower ore grades at First Quantum Minerals’ two flagship Zambian mines last year have underscored the company’s goal of investing further in new production facilities. Globally the company achieved its highest-ever annual copper production of 816,000 tonnes, a 5 …