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Zambia’s ban on exports of copper concentrate to foreign – based smelters remains in force because the country has enough capacity to process the raw material, says mines minister Christopher Yaluma. Last year, a debate ensued as to whether foreign mining companies operating in Zambia should continue exporting copper concentrates …
Read More »Kalumbila Minerals ponders over ‘350 graves’ in mine site
The planned commissioning of the US$2 billion Trident Kalumbila mine in Solwezi planned for next year may probably be delayed after the developers discovered over 300 graves during the construction of the Greenfield project. Kalumbila mine project is a unit of First Quantum Minerals Limited who are also owners of …
Read More »KCM fails to meet various operational obligations
The fate of one of Zambia’s leading mining companies, Konkola Copper Mines has continued unfolding with Government revealing various shortcomings on the operations of the copper producer. Recently, the Government announced its intentions to audit the Vedanta Resources Plc owned KCM to establish various developments and commissioned a technical committee …
Read More »“Use mining revenue to improve social sector,” says United Kingdom
“African Governments and mining companies that they host should co-exist in ensuring that the revenues realised from mining activities are translated into improving people’s welfare,” a United Kingdom official says. Lynne Featherstone, the United Kingdom’s Minister for International Development urged mining companies and African governments to ensure that mining revenues helped to …
Read More »ZCCM IH shareholders to earn more
Zambia Consolidated Copper Mines Investment Holdings-ZCCM IH share earnings are forecast to rise 34 percent higher than the six months ending 31 March last year as total number of shares in issue almost doubled. Stockbrokers Zambia, the agents for multi listed holding mining company, in a cautionary notice to shareholders …
Read More »Zambia rakes in US$30 million as redress the ‘wear and tear’ on roads
Zambia’s efforts to generate revenue intended to sustain its infrastructure and bolster economic growth other than rely on the income from mines, is paying dividends with Government to date, raising US$30 million in toll gate charges. Since the late 1990s Zambia has attracted over US$8 billion in direct foreign investment …
Read More »Glencore Xstrata ‘flagship’ shaft set for 2016
Part of the shaft being sunk Swiss-based commodity trader, Glencore Xstrata’s planned commissioning of the US$323 million synclinorium shaft at its Nkana operations in Kitwe is earmarked for next year as it seeks to boost production. Mopani Copper Mine, Zambia’s second leading producer of copper and cobalt seeks to increase …
Read More »North Western Railway cheers Lumwana Mine
“Anything that will ease our transportation of concentrates and other mineral related products to refineries is welcome including the North Western Railway line planned for North Western Province,” says Lumwana Copper Mine, one of the beneficiaries of the US$1 billion-worth infrastructure. The construction of the liner, to be jointly developed …
Read More »KCM relocates 402 Chingola squatters
Vedanta Resources Plc, owners Konkola Copper Mines, a Zambian unit, has asked over 400 squatters living on a mine land and has disbursed K588, 000 to those farming in the same area earmarked for mine expansion. The 402 residents who have encroached in Chabanyama area in Chingola, one of its …
Read More »Environmentalists halt oil Exploration in DR Congo national park
As concern grows over the continued environmental degradation globally, Zambia included, concerned activists have taken one more hindrance step in Africa’s fifth largest country-Democratic Republic of Congo. The Democratic Republic of Congo has halted oil exploration in the Virunga National Park, Africa’s oldest UNESCO-protected national park after global environmental activists …
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