Recent News

GoviEx has entered into a sale agreement with African Energy Metals (AEM) for its subsidiary Delta Exploration in Mali. According to the company Delta holds three contiguous exploration licences – Falea, Bala, and Madini collectively known as the Falea project. The sale of the Falea project is part of GoviEx’s strategy …

Nestled in the heart of the Gwembe Valley, Maamba Collieries Limited (MCL) is spread over an expanse of over 8,000 hectares that, at first glance, looks like just another coal mine with an integrated mine-mouth thermal power plant – abuzz with the industrial hubbub of complex engineering and heavy earth-moving …

Highlights from a site visit to the Nkombwa Hill niobium and tantalum, rare earth elements, and phosphate project in Zambia, as well as the ensuing thorough summary, have proven to be “massively successful,” according to Jason Brewer, CEO of AQSE-listed mining investment company Marula Mining. He added that the results …

In contrast to many of its competitors, Canadian miner First Quantum has decided to maintain its 2022 cost projection despite inflationary pressures and decreased output from its mines in Zambia. Despite second-quarter cash expenses exceeding the upper limit of the yearly guidance, the business continues to predict cash costs of …

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 …

The African manufacturing sector has seen fractured growth over the past two years thanks to the complexities of the pandemic and its subsequent economic disruption. This is due to limited resources, impacted supply chains and the limitations of lockdowns, globally. In South Africa, manufacturing production saw a sharp decline month …

On Friday, President Felix Tshisekedi of the Democratic Republic of Congo arrived in Zambia’s capital, Lusaka, for an official state visit. The purpose of the visit is to improve bilateral cooperation between the two countries. President Hichilema and Hakainde Hichilema of Zambia are expected to sign a number of agreements, …

Delivering energy savings of up to 60% and an increase in Free Air Delivery (FAD) of up to 21%, (compared to fixed-speed models), Atlas Copco’s the new GA 22 – 37 VSDs (Variable Speed Drive) air compressor range is in an efficiency class of its own. Along with its ultra-efficiency, …

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 …