Recent News

Joint ventures, rather than outright acquisitions, have the advantage of spreading the risks associated with complex minerals that may not provide the margins of the traditional bulk commodities. As the trend gathered pace, the world’s largest listed BHP Group (BHP.AX), this month said it had spent $40 million to advance …

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 …

In support of the Zambian government’s efforts to raise vaccination rates in the country, First Quantum Minerals is  urging all citizens to be vaccinated. The TSX-listed copper, gold, and zinc producer based in Zambia, has clarified Covid-19 vaccination practices at its Kansanshi and Sentinel mines in Solwezi and Kalumbila, respectively. …

According to Finance Minister Situmbeko Musokotwane and the IMF, Zambia’s plan to reduce its global debt mountain will include eliminating unsustainable energy and agriculture subsidies. Zambia and the International Monetary Fund reached a staff-level agreement on a $1.4 billion, three-year extended credit facility on Friday, bringing the heavily indebted country …

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 …

A“flare up” in mining resource nationalisation from 2020, is set to continue this year and into 2022, reports financial risk management, solutions and insights firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) (Fitch Solutions). Over the past 12 months, resource nationalism in top mining jurisdictions has flared up …

The United Nations Industrial Development Organization (UNIDO), the Government of Japan, the Government of Zambia, and Hitachi Construction Machinery are collaborating to meet Zambia’s growing demand for skilled equipment operators in the construction and mining industries. With the shift in the Zambian economy towards more capital and skill-intensive sectors such …

MHS Plant & Equipment offers a unique global disposal and procurement service for major mining houses Disruptions in global supply chains due to the ongoing Covid-19 pandemic has resulted in a shortage of large mining equipment being produced by major Original Equipment Manufacturers (OEMs). “For example, the lead time on …

First Quantum Mining and Operations Limited has revealed that its employees at Kansanshi Mine embarked on a strike. The company said this through a press statement. “Last evening (Thursday) a small number of First Quantum Mining and Operations Limited (FQMO) Mining Division employees took illegal strike action at the Kansanshi …