Press Room

Researchers believe the spread of coronavirus in Asia might condemn the African continent to be the biggest loser outside Asia; this is despite the absence of a single case being confirmed thus far. According to Dirk Willem te Velde, principal research fellow at the Overseas Development Institute, a slowdown in …

Minister of Mines and Mineral Development Hon. Richard Musukwa says the government is working on introducing a steady and predictable fiscal system in the mining sector to facilitate trade and sustainable growth in the industry. “As a country, we would like to operate a fiscal regime that is simple, predictable …

Copperbelt Energy Corporation has signed a long-term contract to supply up to 78MW of electricity to Metalkol SA, major cobalt and copper tailings reprocessing operation in the Democratic Republic of Congo. Metalkol owned by Eurasian Resources Group is a leading diversified natural resources group, also a low-cost hydro-metallurgical facility. The …

I recently attended and presented at the World Bank ‘Gender and Oil, Gas and Mining (OGM): New Frontiers of Progress, Challenges and Solutions’ conference. Surprisingly, given the OGM industry has one of the lowest representations of women (around 10 per cent), this was the first conference of its type ever …

Weatherly International may soon close its doors, as its finances are unable to support its day-to-day operational requirements. As a result of the material uncertainty regarding the company’s operational and financial position, the directors have now appointed Simon Kirkhope and Andrew Johnson of FTI Consulting LLP as administrators to the …

GoviEx Uranium Inc. has closed a private placement financing of 35,674,911 units at a price of C$0.17 per Unit, with each unit consisting of one class A common share and one Class A common share purchase warrant for gross proceeds of C$6,064,734.87. According to the company, each warrant entitles the …

The premier Copperbelt agricultural, mining and industrial trade expo – CAMINEX slated for Kitwe Showgrounds in Kitwe from 5-7 June, and will be showcasing the latest in products, machinery, technologies and services that these and related industries can offer. According to the organisers the event is an important trade platform …

Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion. The freezing order was served in the DRC by Ventora Development Sasu, a company affiliated with Dan Gertler and comes just after the local owned mining …

Kagem Mining has offered sponsorship to two young Zambian geology and mining engineering students. “As a leading player in the gemstone sector, we need to encourage professionalism by offering a platform for local professionals to venture into our sector and chart a career,” said Kagem Head of Human Resources Gibson …

AngloGold has announced parting ways with Srinivasan Venkatakrishnan, as he steps down from the company’s chief executive officer position. Venkatakrishnan will take up a position at the helm of diversified miner Vedanta Resources, as the new chief executive officer. “The board will search for a candidate with the requisite experience …