Recent News

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Emeralds have been a beacon of hope across the world since time immemorial. Now Zambia is taking its place as the leading source of these precious gemstones, thanks to the world’s largest producing emerald mine – Kagem – in Lufwanyama, which is owned by Gemfields in partnership with the Zambian …

Kagem Mining has donated disinfectants, cleaning products and public health posters worth K100,000.00 to Lufwanyama District Hospital, Lufwanyama, giving residents hope in the fight against COVID-19 in the province. The donation is part of the company’s community development work, aiming to improve access to quality healthcare in society. “These materials …

Mopani Copper Mines, a Zambia subsidiary of Glencore is set to do a comprehensive review which aims to minimise cash outflow to guard against uncertainty caused by the threat of coronavirus “The rapid decline in the price of copper due to the impact of COVID-19 has now placed significant additional …