News

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 …

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, …

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 …

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 …

In light of the African Continental Free Trade Agreement and Zambia’s push to increase export volumes, Bureau Veritas Government Services’ Harrison Muchenga urged mining and manufacturing companies to follow the rules and be compliant with standards and regulations. Speaking during a recent Zambian Association of Manufacturers (ZAM)/ Bureau Veritas (BV) …

Zambia has announced tax breaks for mining companies, lowered its budget deficit target, and stated that debt restructuring talks with creditors are expected to be completed early next year. Mining royalties will be tax-deductible, according to Finance Minister Situmbeko Musokotwane, who delivered his first budget speech to lawmakers since his …

First Quantum, based in Canada, has reduced its total copper production guidance for the year by 15 000 t, to a range of 800 000 t to 835 000 t, as it revised expectations for output from the Cobre Panama mine, as well as Kansanshi and Senitel in Zambia. The …

Commodities like copper are becoming increasingly important as the electric vehicle industry grows. Karan Rathi, board director of mining company Chillerton Group, speaks about the copper industry in Zambia and how the Covid-19 pandemic has heightened investor support for projects and communities. Zambia, after the Democratic Republic of Congo, is …

Mining companies in Zambia are calling for a more stable business environment that would allow them to invest more in production. The Zambia Chamber of Mines, which represents foreign mining companies operating in Zambia, stated that a supportive environment, stable policies, and exploration were critical to the mining industry’s long-term …

Many African governments take a short-term, predatory approach to the sector, playing to populist rhetoric, rather than engaging it as a long-term developmental partner. Africa has the potential to be the continent of the future in the mining industry. However, if government’s approach mining companies in a predatory manner, this …