Zambia’s mining giant, Konkola Copper Mines (KCM) is currently holding discussions with the government regarding import duty as plans to step up production are in the pipeline. KCM corporate affairs manager Eugene Chungu earlier alluded that the Nchanga smelter had been idle pending availability of concentrates stocks. Operations at Nchanga …
Read More »CSO records highest inflation rate midyear
According to the data from the Central Statistical Office (CSO), the inflation rate in June this year has increased to 8.6 percent from 8.1 percent recorded in May this very year. The CSO acting Director of Census and Statistics Iven Sikanyiti made mention that this was mainly ascribed to the …
Read More »KAGEM PREDICTS RISE IN EMERALDS DEMAND
KAGEM Mining has predicted an increase in the demand for Zambian coloured gemstone in the world. Gemfields and Kagem chief executive officer Sean Gilbertson said responsible sourcing of coloured gemstones was receiving increased attention. “Coloured gemstones were progressively becoming more valuable to consumers on the international market compared to …
Read More »CEC and ZESCO called on by the President
President Lungu has implored Copperbelt Energy Corporation (CEC) and Zambia Electricity Supply Corporation -Zesco to guarantee a smooth transition of the bulk power supply agreement which would come to an end in the year 2020. The power utility firm generates and supplies power in bulk to CEC which in turn …
Read More »Canadian Lucara extracts a massive diamond in Botswana
The world’s second-largest uncut diamond has been unearthed in the Karowe Mine of Botswana. After the announcement by Canadian company Lucara Diomond Corp, the miner’s share price increased to 11% to C$1.68 a share. The 1758ct diamond is second in size only to the 3 106ct diamond that was mined …
Read More »Cummins debuts new gas generator
Cummins has debuted the HSK78G natural gas generator series at the 2019 Middle East Electricity (MEE) at the Dubai World Trade Centre. The equipment is expected to fuel the next generation of power and offer a total package of gas generator capabilities and innovative gas technology for prime and peaking …
Read More »Hanergy debuts at Solar Show Africa
Hong Kong-listed Hanergy Thin Film Power Group has showcased its path-breaking solar-power products at the just ended Solar Show Africa 2019. The event is Africa’s largest and longest running power and electricity show recently held in South Africa. The group showcased a series of its most promising solar solutions – …
Read More »Local processing plant a necessity and cost effective-Gov
The Zambian government has appealed to the private sector to contemplate on building an emerald processing plant locally. Speaking at the recent Grizzly Mining’s emerald auction in Lusaka, Ministry of Mines Permanent Secretary Paul Chanda stated that a locally built processing plant would be of national benefit. Chanda added that …
Read More »THIESS WINS $1.7B CONTRACT IN BOTSWANA
CIMIC Group’s global mining services provider, Thiess, through Majwe Mining Joint Venture (Majwe), has secured a A$1.7 billion contract at Debswana Diamond Company’s Jwaneng Mine Cut 9 project in Botswana. Majwe, a joint venture between Thiess (70 per cent) and long-term local partner Bothakga Burrow Botswana (30 per cent), will …
Read More »Rank rises for Wits School of Mining Engineering
The University Of Witwatersrand School Of Mining Engineering has again scooped a better position in the QS World University Rankings to 13th place in 2019. The latest achievement allows it to retain its position as the highest ranked school at Wits University as it is also the only mining school …
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