News

After the Zambia Revenue Authority Commissioner-General Kingsley Chanda said the Chamber of Mines should not alarm the nation by issuing false statements on Mineral Royalty Tax. The Chamber of Mines says it will stand by what it earlier stated that the Mineral Royalty Tax dropped by 12 per cent and …

Jubilee Metals Group has announced that it has signed a Joint Venture Agreement with a private Zambian company securing the rights to process 2 Mt copper Run-Of-Mine material containing in excess of 2% copper. This in line with the company’s stated strategy to expand operations in Zambia. Under the JV …

Zambia’s largest taxpayer, First Quantum Minerals, has called upon non-corporate actors to better acquaint themselves with the mining sector’s contribution to community development. The mining company said that inaccurate reports from some non-governmental organisations (NGOs) have been misleading and constitute the spreading of ‘fake news’. Such reports have the potential …

GV Gold, also known as Vysochaishy, one of the fastest-growing Russian gold mining companies, has rolled out the Zyfra OpenMine fleet management system (FMS) at its Ugakhan Mine in Russia’s Irkutsk Region in Siberia. The implementation of the project has resulted in a year-on-year ore production volume increase of 11%. …

Covid-19 lockdown restrictions around Southern Africa have put the spotlight on mines’ supply chain security, especially with regard to key inputs like explosives and specialised blasting services. According to blasting specialist BME GM Albie Visser, mines have relied heavily on the flexibility and ingenuity of service providers to keep the supply …

CEC Africa is being sued for US15 million debt, this is according to media reports that originated from Zambia. According to a cautionary statement made available to this publication by Lusaka Securities Exchange-LuSE, CECA confirmed receiving a letter of demand from Energy Corporation of Ireland on 3 July 2020 for …

With the COVID-19 pandemic triggering a fall in the price of copper , this spelt doom to many Zambian copper miners who depended solely on mining as a source of income. Nevertheless, this is not the case with the Serenje community, whose entire workforce has turned to agriculture. Young Zambians …

According to Mateyo Kaluba, Chief Executive of Industrial Development Corporation( IDC), ZCCM-Investment Holding (ZCCM-IH) should seek its own mines, do explorations and develop mining operations. This will give the company higher stakes in future mining ventures. This comes on the backdrop of a declaration by Zambian authorities that the state-owned …

TODAY’S tensions surrounding Zambia’s mines cannot be blamed solely on their new owners or previous administrations. The current government is creating a climate where the mines are struggling to thrive. The government has imposed an impossible fiscal regime, withheld $1.6bn in unpaid VAT receipts, and accused the mines of tax evasion. …

Christopher Sheppard, the Chief Executive Officer of Zambia’s Konkola Copper Mines (KCM), a unit of diversified miner Vedanta Resources, said the company has closed part of its open-pit mine as a portion of the pit is about to collapse KCM predicted that part of the Nchanga Open Pit in Chingola …