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The Zambia Chamber of Mines has urged Zambians to download its report on Mineral Royalty Tax, after strong endorsement by leading business personalities, who said the report would promote greater understanding of a complex issue which affects them. The report , A guide to understanding Mineral Royalty Tax (MRT), has …
Read More »Zambia’s 2016, 2017 copper output seen flat at 700,000t
LUSAKA – Zambia’s copper production will be around 700 000 t this year and next year before rising to one-million tonnes in 2018, a top government official said on Monday. Copper production in Africa’s second-biggest producer of the metal inched higher to 711 515 t in 2015 from 708 000 …
Read More »Kipushi mineral resource estimates exceed expectations -Ivanhoe
A new, independent, mineral resource estimate for Ivanhoe Mines’ joint venture Kipushi mine, in the Democratic Republic of Congo (DRC), has shown measured and indicated mineral resources in the big zinc zone of 10.2-million tonnes. “This has exceeded our expectations and we are convinced that significant additional mineral resources can …
Read More »Esqtra warns of lower H1 earnings, to sell Moz mining equipment
South African mobile capital equipment distributor Eqstra has, through its Mozambican subsidiary, signed a memorandum of agreement with Minas de Benga Limitada to dispose of all plant and equipment assets used in the provision of mining services during a five-year contract at Minas’ Benga coal mine, in Tete. This was …
Read More »Bristish,Chinese companies to develop Moz coal mine, power station projects
AIM-listed company Ncondezi Energy has entered into a binding joint development agreement (JDA) with China’s Shanghai Electric Power Company (SEP) to develop the Ncondezi coal mine and thermal power station project in Mozambique, in the province of Tete. The deal results in SEP becoming a strategic investor in the Mozambique …
Read More »Mine dewatering to cost $100m
CHINA Non-Ferrous Metal Company (CNMC) will spend about US$100 million to dewater shaft 28 at the Luanshya Copper Mines (LCM). Shaft 28, which got flooded in February 2008, holds an estimated 70 million cubic litres of water and will take about three years to drain. Chief executive officer Luo Xingeng …
Read More »Mumbwa exploration yields positive results
INTREPID Mines Limited has produced samples which show the existence of more copper and gold at the company’s Mumbwa projects, chief executive officer Scott Lowe has disclosed. Mr Lowe said once the results from the report have been analysed, Intrepid will do some follow-up drilling. Mr Lowe said in Intrepid’s …
Read More »Zambian economy must diversify – CSPR
The Civil Society for Poverty Reduction (CSPR) says economic diversification is a must for the country because depending entirely on the mining sector is not sustainable. According to CSPR vice-board chairperson, Partner Siabutuba, it is not enough for the Government to continually say that the economy would be diversified when …
Read More »Kagem Mining pays shareholders $14m dividends in 2015
KAGEM Mining Limited says the company is now profitable after paying dividends to its shareholders for a third successive year, the latest being US$14 million in 2015. Kagem chief executive officer Ian Harebottle stated the dividends paid demonstrated what could be done when national resources and world-class private sector expertise …
Read More »Denison has commenced exploration in Siavonga
A CANADIAN firm, Denison Energy Corporation, has started pursuing uranium exploration at the Muntanga Mine in Siavonga District. The company is a result of a merger between Fission Uranium and Denison Mines in July this year to create a US$900 million exploration and development company which would combine top uranium …
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