Recent News

Government has been challenged establish to a mineral stabilisation fund. The Economics Association of Zambia (EAZ) says authorities should take advantage of the current rise in copper price to establish the fund. Herryman Moono, EAZ National Secretary said the mineral stabilisation fund will be used to save revenue from the …

Strong copper prices and support extended to the industry by government are expected to drive copper production growth, despite ongoing power shortages, this year. Statistics from the central bank indicate that copper production reached 362 000 t by June 30, down slightly from the 367 000 t produced in the …

Copperbelt Energy Corporation (CEC) has agreed to restore power to Glencore’s Mopani Copper Mines. The deal was reached after lengthy consultation to restore full power supply to the mine from Wednesday, the president’s office said. Amos Chanda, Presidential Spokesman said details of the agreement facilitated by government will be finalised …

Afrique Nama Mining Limited (ANML) has announced intentions to develop a US$10 million cobalt mine in Mushindano district. ANML has submitted an environmental impact assessment (EIA) report to the Zambia Environmental Management Agency (ZEMA) ahead of the development. The project is to construct a mineral processing plant to process copper …

Mopani Copper Mines (MCM) has de-activated over 1,000 electronic access cards for employees engaged by companies whose contracts have been suspended by the mining firm, the Zambian Daily Mail has reported. The development comes after Copperbelt Energy Corporation (CEC) has restricted power supply to MCM following a contractual dispute between …

Copperbelt Energy Corporation Plc (CEC) has announced plans to undergo an Environmental and Social Impact Assessment (ESIA) study ahead of expanding a power supply services to Dangote power station. The development will allow extra capacity supply to Dangote power station owned by Dangote Industries Zambia which supplies power to Dangote …

First Quantum Minerals’ Kansanshi Mine has posted positive results despite operational challenges, declining ore grades and the need to contain costs The company’s 2016 financial results confirm its status as Zambia’s flagship copper mine. Kansanshi maintained its position during 2016 as Zambia’s largest copper producer (250 000 tonnes), one of …

Mineral Junxion Zambia has budgeted US$3 million to construct a mineral processing plant to extract copper and cobalt slag at the dumpsite owned by Konkola Copper Mine in Kalulushi. The company has already submitted an environmental impact statement (EIS) report to the Zambia Environmental Management Agency (ZEMA), ahead of commencing …

Konkola Copper Mines (KCM) has suspended operations at its Nchanga Mine following acts of vandalism. Shapi Shachinda, Konkola Copper Mines Manager for Public Relations and Communications on Wednesday told media that the criminals cut a high voltage electricity cables disrupting operations. The criminals stole at least 9 high voltage copper …

Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and Sinoconst are to build a $548-million cement plant in Ndola. The development is part of efforts to diversify the economy and reduce reliance on the country’s economic mainstay copper mining. President Edgar Lungu said the two companies will raise financing for the project …