Recent News

CEC Renewables, a subsidiary of Copperbelt Energy Corporation (CEC) has made its first Green Bond Coupon payment of USD 2.4 million.   The payment marks the bond’s sixth month anniversary, which now makes it trade-able on the Lusaka Securities Exchange (LSE) and the payment also showcases the viability of green …

Zambia is set to revamp its mining revenue model, ditching the current dividend system in favour of a more direct approach. The Zambian Cabinet recently greenlit the establishment of a special purpose vehicle (SPV) aimed at maximizing the nation’s profits from its rich copper reserves. “This move marks a significant …

The mining exploration company backed by Bill Gates, KoBold Metals, plans to invest $2.3 billion to develop a significant copper mine in Zambia, according to President Hakainde Hichilema, who cited company figures. The company aims to produce over 300,000 metric tons of copper annually at the Mingomba site, potentially making …

More is not always the right approach when it comes to using oil additives.  In many instances, blending more additive into the oil, does not result in improved performance. Sometimes, adding more additive actually causes the oil’s function to deteriorate.  In other cases, while the performance of the additive doesn’t …

Early automotive engines didn’t use any kind of filtration for the oil. It wasn’t until a patent was granted to Ernest Sweetland and George Greenhalgh in 1923 – for their product the “pure oil later” or “Purolator” – that you could buy an automobile with a full-pressure lubrication system. It …

By simply including an additive, an inferior base oil cannot be converted into a premium product. It is illogical to use poor-quality oil on a continuing basis, and attempt to overcome its poor lubricating qualities with some special additive. A far better approach is to determine the manufacturer’s recommendation as …

First Quantum Minerals (FQM) has reaffirmed its commitment to transparency and sustainable development by announcing US$727.8 million of contributions to the nation in 2023. According to the company’s latest Tax Transparency and Contributions to Government Report, FQM’s contributions to the economy and local communities through its Kansanshi copper mine in …

First Quantum Minerals (FQM) has pledged its support for President Hakainde Hichilema’s call to advance skills development in mining communities to combat unemployment. President Hichilema urged mining companies like FQM, which operates Kansanshi mine in Solwezi and FQM Trident in Kalumbila, North-Western Province, to prioritise skilled locals for employment opportunities …

Ensuring that condition monitoring customers whose maintenance staff undergo ongoing technical skills training earn significant returns from their investment into the training courses, is a priority for condition monitoring specialist company, WearCheck. Maintenance crew members can choose from more than 15 courses that are conducted by WearCheck’s experts in various …

First Quantum Minerals Chief Executive, Tristan Pascall, has been on the ground at Kansanshi to inspect the progress the company is making with its S3 expansion project. Of a total investment commitment of US$1.25 billion, the majority of this is being spent this year to ensure the entire project is …