Recent News

Anglo American distance self from lead poisoning fiasco in Zambia

Mark Cutifani, Anglo American CE, has refuted allegations that the company is responsible for lead poisoning at a Zambian lead mine he part-owned almost 50 years ago and intended to defend himself after a class action against the miner was filed. On behalf of what they claim is believed to …

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Attorney General dragged to court for abetting criminal activities at Kalengwa Mine

The Attorney General office has been sued for failing to ensure that the Supreme Court Judgments regarding Kalengwa mine are implemented. It is believed that the failure of the office of the AG has resulted in the perpetuation of fraudulent activities which have been going on at the mine despite …

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Automated System for Customs helps Zambia track mining revenue

The UNCTAD data evaluation tool was developed as part of its Automated System for Customs (ASYCUDA), which helps developing countries modernise customs clearance processes. The new system, The Mineral Output Statistical Evaluation System (Moses), is already helping Zambia track mining revenue. Moses, developed by the Zambia Revenue Authority and the …

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Treat mineral royalty payments as deductible expense to avoid double taxation, attract investment-Zambia urged

The Zambia Chamber of Mines has urged Zambia to treat mineral royalty payments as a deductible expense to avoid double taxation and attract investment. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and that provision was kept unchanged in the …

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Sentinel Mine exceeds production targets

First Quantum Minerals’ Sentinel Mine in Kalumbila District of North-Western Province has exceeded production targets for July and August, produces over 23,000 tonnes and  25,000 tonnes of copper in the two months respectively. According to the company, the strong performance was attributed to consistent milling rates and better than expected …

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FQM’s KANSANSHI MINE HANDS OVER REVAMPED MATERNITY WING AT SOLWEZI GENERAL HOSPITAL

First Quantum Minerals (FQM) subsidiary Kansanshi Mining Plc has officially handed over the reconstructed maternity wing at Solwezi General Hospital to the government following repairs to extensive storm damage to the building. The entire roof of the hospital’s maternity wing and trusses covering an area of 768 sq. metres were …

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Trident acquires royalty over Zambian copper mine

Trident Resources has acquired a gross revenue royalty (GRR) over production from Moxico Resources’ Mimbula copper mine, in Zambia, as well as over associated stockpiles, for $5-million in cash. Trident is entitled to royalty payments on production starting from July 1 and extending in perpetuity. Moxico is a private company, which is rapidly …

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KCM and CEC Power Supply Agreement (PSA)

First established in March 2000 for a period of 20 years(until March 2020) Payment in US$ to be paid offshore to CEC in London Initial obligation for CEC to meet a maximum demand of 250MW with an escalation of up to 300MW provided KCM did not purchase the Nkana Smelter …

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FQM CALLS FOR TIME TO PRESERVE NATURE

As the mining firm commits to ensuring its operations continue so in an environmentally responsible manner First Quantum Minerals has continued to call for recognition of effective environmental management programmes for mining operations, which should strive for the protection of the ecosystem, add value to local biodiversity and safeguard Zambia’s …

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Kachiwala Sapalo: Integrating sound environmental management practices into mining

Integrating sound environmental, safety and social management practices into mining operations is a huge challenge for the industry, but Kachiwala Sapalo, the new environmental manager at First Quantum Minerals Kalumbila Minerals subsidiary, is determined to help leave a legacy of meaningful environmental and social performance at the mine, which is …

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