Zambian Mining News The Premium Source of Information on The Zambian Mining Industry
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 …
Read More »Kagem emerald mine still strong for next 25years
The world’s single largest producing emerald mine – Kagem in Lufwanyama District – looks set to continue benefitting Zambia for the next 25 years, according to an in-depth technical study of its prospects by independent experts. The estimated reserves at the mine reinforce the company’s potential long-term commitment to Zambia …
Read More »Copper at $5,000 per tonne not a disaster, says Kaberuka
DR Donald Kaberuka says Zambia and other African governments must fix economic policies that are leading to massive job losses in the mines. And Dr Kaberuka, the immediate past president of the African Development Bank, says copper prices at $5,000 per tonne is not a disaster that can lead to …
Read More »Gemfileds delivers maiden mineral resource, ore reserves for Kagem
Coloured gemstones miner Gemfields has produced the first measured mineral resource and proven ore reserve statement for its 75%-owned Kagem emerald mine, in Zambia. The company on Wednesday said a Competent Persons Report (CPR), produced by consulting firm SRK Consulting, had shown a Joint Ore Reserves Committee-compliant measured, indicated and …
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