Recent News

Two major African mining economies’ presidents addressed the Investing in African Mining Indaba in South Africa, this year. South African President Cyril Ramaphosa and Nana Akufo-Addo of Ghana shared their thoughts with audience of government representatives, investors, mining companies, the media, NGOs and others. “This Indaba offers us a valuable …

Export of finished products can offer significant cover for the country’s economy against falling copper prices, Stanbic Bank has said. Leina Gabaraane, Stanbic Bank Chief Executive Officer said there is need to invest in value addition in the mining sector to minimise the impact of changes in the prices of …

As part of its corporate social responsibility Copperbelt Energy Corporation (CEC) recently handed over text books to the Mwangala Mwenda Foundation prior to the start of the 2019 year. According to the company, the books are just some of the essential supplies the Foundation requires for the school year to …

Pollution of the natural environment is generally viewed as an inherent consequence of the complexity of large-scale commercial mining, which often negatively affects communities when harmful emissions find their way into the environment. To minimise the negative impact on the environment, First Quantum Minerals’ Kansanshi Mining has established a pioneering …

Construction of the US$770 million Kabwelume and Kundabwika hydro power stations and a transmission power line is scheduled to start in March 2019. When completed and fully operational, the two hydro power stations will generate a total of 163 megawatts (MW). The two projects, which will be undertaken by the …

Zambia’s annual copper output rose 10.4 percent in September to 631,359 tonnes, the central bank in Africa’s second-biggest producer of the industrial metal announce last week. Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada’s First Quantum Minerals, Glencore, Barrick …

About 1, 000 miners at Mopani Copper Mines (MCM) are likely to lose their jobs after the mining giant starter its voluntary retrenchment exercise. According to latest correspondence from MCM Chief Services Manager KV Chitoshi and to the people close to the Development , the company is asking employees to …

Proposed tax changes will make it difficult to invest in Zambia Chamber of mines in Africa’s second largest copper producer has opposed the states proposed mining tax regime. This was contained in a press release issued by the COM on 04 October. More tax regime instability, massive increases, and novel …

Copperbelt Energy Corporation has signed a long-term contract to supply up to 78MW of electricity to Metalkol SA, major cobalt and copper tailings reprocessing operation in the Democratic Republic of Congo. Metalkol owned by Eurasian Resources Group is a leading diversified natural resources group, also a low-cost hydro-metallurgical facility. The …

Government has given First Quantum Minerals more time to complete its analysis of what it owes after it was slapped with a $7.9-billion tax bill. According to the Finance Minister the government has audited major mining companies operating in the country, which include Vedanta Resources and Glencore. “They are doing …