Recent News

China has ordered to buy about 1,000 tonnes of copper following the agreement which was signed between the two countries, Small Scale Industries Association of Zambia (SSIAZ) has said. Recently, SSIAZ and the China WTO Africa Affairs Trade Promotion Centre (CWTO) signed an agreement to promote trade and investment between …

Zambia Chamber of Mines president Nathan Chishimba says the mining industry has no major concerns going into next month’s elections because there is an understanding among all political parties that mining is not a short-term venture. There have been concerns by some political and economic commentators that after the elections, …

Zambia cut its trade deficit by 92%, a move that is expected to shore up the country’s economic outlook of sustained. The copper rich country recorded a trade deficit in May 2016 valued at K 65.2 Million, representing a 91.5 percent drop in the trade deficit from K765.3 Million recorded …

After enjoying one of the greatest mining booms in its history, Zambia is now suffering. The price of copper—a metal on which much of the country depends—has fallen by half in the last five years. This fall has resulted in the loss of thousands of jobs and the deterioration of …

It was very interesting listening to the plans of Botswana coal mining companies on South Africa call for 3 750 MW of cross- border power from independent power producers (IPPs). Much reference was made to a gazette notice put out by South Africa’s Department of Energy that opens the way …

Zambia’s copper output will rise by 5.5% to 750 000 t this year and output is expected to double to 1.5-million tonnes in 2017, Mines Minister Christopher Yaluma said. Copper production in Africa’s second-biggest producer of the metal was at 711 515 t in 2015. “It has to do with …

The South African mining industry is facing another challenging year with slower than expected economic growth, a prolonged and continuing downswing in commodity prices, an increase in short-term volatility, increased pressure on operating models, and regulatory uncertainty. Adding to these challenges is the increased difficulty in raising capital due to …

In recent years, an ongoing drought has caused a severe power crisis in Zambia. The new analysis “Power crisis and consequences for solar energy in the Zambian mining sector” from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in its role as facilitator of the Project Development Programme and THEnergy …

Aim-listed BMR said it had been approached for an offtake agreement for agricultural-grade zinc sulphate heptahydrate (ZSH) and lead sponge from its Kabwe project, in Zambia. The mineral processing group secured Zambia Environmental Management Agency approval for the environmental- and social-impact assessment for its tailings retreatment process and the construction …

Mining is poised to receive a spinoff benefit from Monday’s announcement that the power grid in Zambia is to be boosted by a $60-million investment. In this latest transaction, Standard Chartered bank has partnered with the United States Agency for International Development (USAID) to provide a long-term loan to the …