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Metalco Industries Company Limited, a Kabwe-based firm, has injected a capital of about US$55 million to upscale its operations in the manufacturing sector over the past 18 years. The company recycles scrap metal to manufacture copper cables, lead-acid batteries, aluminium sheets and various utensils. Company chairman and managing director Hussein …
Read More »Copper producer plants bio-diesel trees on tailings dumpsite
…trees will revegetate a disused dump site, improve soil fertility and produce bio-diesel Konkola Copper Mines (KCM) has launched an ambitious bio diesel project in the Copperbelt at one of the company’s disused dump site. According to the company, the project aims to cultivate elite Pongamia Pinnata trees for bio-diesel …
Read More »CEC lease out tank farm in Chingola
The Copperbelt Energy Corporation PLC (CEC) has put out a notice announcing plans to lease out its fully-fledged Tank Farm based in Luano Area, 18km from Chingola. The facility has three x 1,800,000 litres capacity fuel tanks and auxiliary equipment accessible by both road and rail network. CEC’s decision to …
Read More »Government plans expatriates clean up
Government has announced intentions flush out foreigners employed in the mining sector to create jobs for qualified Zambians. Kampamba Mulenga, Chief Government Spokesperson says concerns from the labour movement motivated the decision. She said Zambia has well trained mining experts hence the need for mining houses to employ competent and …
Read More »Positive forecast for 2017 economic activities
Stanbic Bank has projected a stronger and more stable economy at the backdrop of the central bank has putting in place various monetary measures to prop up the economy. Victor Chileshe Stanbic Bank’s Head of Global Markets says the current economic trajectory shows that the country is effectively dealing with …
Read More »Scrap property transfer tax for exploration companies – AZMEC
Investors in the mineral exploration sector want exemption from property tax. The Association of Zambian Mineral Exploration Companies (AZMEC) says paying property transfer tax levied at 10 percent from exploration stage of mining dents profit. Geoffrey Mulenga AZMEC President speaking during the 10th AZMEC Explorers Forum held under the banner: ‘Exploration …
Read More »Govt. foresee positive copper prospects
The rising commodities prices are to spur the country’s copper production, government officials have said. Paul Chanda, Mines permanent secretary said the prospects for 2017 are largely positive. Government projects copper production to exceed 850,000 tonnes on account of recovering prices nearing US$6,000 per tonne. “The commodity prices have shown …
Read More »Mbala Power Projects to enhance livelihoods – Zesco
Zesco Limited says completion of its K21 million electricity distribution infrastructure projects in Mbala district will enhance people’s livelihoods since they will now access power to support various developmental projects. In a telephone interview recently, Zesco Mbala area manager, Joseph Kafungu said installation of distribution infrastructure equipment such as sub-stations; …
Read More »China orders Zambian copper
China has ordered to buy about 1,000 tonnes of copper following the agreement which was signed between the two countries, Small Scale Industries Association of Zambia (SSIAZ) has said. Recently, SSIAZ and the China WTO Africa Affairs Trade Promotion Centre (CWTO) signed an agreement to promote trade and investment between …
Read More »Mining is not a short-term venture – ZCM
Zambia Chamber of Mines president Nathan Chishimba says the mining industry has no major concerns going into next month’s elections because there is an understanding among all political parties that mining is not a short-term venture. There have been concerns by some political and economic commentators that after the elections, …
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