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A legal claim on behalf of 1 826 Zambian villagers against global diversified metals and mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines (KCM) has been given the go-ahead by a High Court judge to proceed in the UK courts. The judgment, handed down on Friday by …
Read More »Contract mining offers edge in depressed market
There is a direct correlation between the market size of contract mining and the commodities cycle/prices and investment patterns in capital projects Historically, mining was a highly protected industry and had a low propensity for outsourcing, but more operations are being outsourced across Africa, says global consultant and adviser Deloitte. …
Read More »Copper proves a rocky road for Zambia
The town of Luanshya, situated on Zambia’s copperbelt, serves as a bellwether for the country’s economy. However, political developments in Zambia are causing significant uncertainties in the copper industry. With a sustained annual GDP growth rate above 6%, driven primarily by copper, the past decade has been tumultuous for Luanshya. …
Read More »Destitute Zambia mineworkers dream of a copper market rebound
Local residents walk along a road leading towards the Mopani copper mine in Kitwe. Maybin Chibale had a steady job for four years at Glencore Plc’s Mopani mining complex in northern Zambia’s Copperbelt Province. Then came the global commodity slump. Now he spends his days drinking beer with former colleagues …
Read More »Stakeholders welcome Chamber of Mines report on Mineral Royalty Tax
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 …
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