Local News

In an effort to lessen liabilities and support company growth, Konkola Copper Mines PLC (KCM) has put aside $2 million to pay off outstanding debt to small and medium suppliers and contractors. Following discussions with KCM management, KCM Provisional Liquidator Celine Nair announced the development. She claims she made the …

Zambia government has revealed that by 2024, the country’s GDP is expected to rise to 4.4 per cent following strategic interventions in the agriculture, tourism, mining, manufacturing, energy, and transport sectors. The government has also projected a modest 3.5 per cent rise in its Gross Domestic Product (GDP) for 2022, …

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 …

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 …

Zambia’s largest export market in Africa has remained the Democratic Republic of Congo (DRC), with exports to the DRC totalling over K10.7 billion in the six months ending June 2021. However, successive Zambian governments have focused their efforts on strengthening diplomatic ties with western countries, some of which have little …

According to the Zambia Chamber of Mines, Copper producers in Zambia are ready to start $2 billion expansion projects next year if they can reach a royalties agreement with President-elect Hakainde Hichilema’s new administration. Companies such as First Quantum Minerals Ltd. and EMR Capital are ready to raise capital for …

A mines ministry official said on Thursday that Zambia’s Konkola Copper Mines (KCM) has not been temporarily or permanently closed, denying a Bloomberg story about the copper mine previously operated by India’s Vedanta Resources. According to Bloomberg, Zambian mines ministry permanent secretary Barnaby Mulenga said on Wednesday that the Konkola …

Zambia’s president, Edgar Lungu, promised mining investors on Thursday that his country would create a more streamlined tax administration system to make it easier for them to do business. Zambia’s mining tax regime has been a thorny problem since the privatization of mines in the early 1990s, said Edgar Lungu …

The Zambia International Mining & Energy Conference & Exhibition, which has been Zambia’s leading mining and energy meeting for the past decade, will commemorate its tenth anniversary with a virtual version on the 4th and 5th of May, 2021. The organizers of ZIMEC 2021, namely the Ministry of Mines and …

Zambian President Edgar Lungu has hit out at ‘mining investors who cry foul’ whenever Zambia sought to increase its share of its natural wealth. He said the country would take a major stake in some mines as he unveiled an economic recovery plan for the debt-burdened country. “We must assume …