Operations at Kalumbila Mine in Solwezi, Zambia’s newest copper mine, have been paralysed following a protest by workers over a funeral grant for their deceased colleague. The protest was reportedly sparked by First Quantum Minerals (FQM) refusal to award a funeral grant for the deceased worker at the mine which …
Read More »Barrick saga: Chief Mumena urges dialogue
Chief Mumena of Zambia’s North Western Province has urged urgent dialogue between Government and Barrick Lumwana over the mining company’s decision to suspend operations in the country. The traditional ruler said suspending operations and pulling out of the country was not the solution, but instead Barrick and the Government should …
Read More »‘Dismiss Dangote defamation lawsuit’
Zambia’s Labour Minister Fackson Shamenda has asked the High Court to dismiss a defamation lawsuit by Dangote Industries Zambia Limited. Mr Shamenda said the Dangote lawsuit should be set aside because it was wrongly taken to court. Dangote Industries Zambia Limited sued Mr Shamenda for slander and libel. The company …
Read More »LONDON COURT UPHOLDS THE FREEZING OF KCM ASSETS
In order to avoid the risk that Vedanta Resources- owned mining firm Konkola Copper Mines might use its liquid assets to frustrate U& M Zambia’s efforts to enforce an arbitration award a London Court has maintained that the freeze on the firms global assets be sustained. This matter came up …
Read More »Mineral Royalty Taxes to have devastating impact – FQML
Concerns over the revised mineral royalty taxes in Zambia have continued with the country’s leading miner First Quantum Minerals Limited raising fears that the proposals to review the regime will have devastating impact on the country’s mining sector and deter capital investment and new projects. Recently First Quantum Minerals announced …
Read More »Zambia’s economy is 7th best economy in the World-WCF
Zambia’s economic resilience has received a pat on the back from reputed global lenders inspite of the country facing some setbacks in realigning its economy ahead of its projected middle income status in 2030. A recent rating by globally reputed, World Economic Forum (WEF), Zambia, one of the fastest growing …
Read More »MOPANI PROMOTES SAFE MINING
Safety is of key importance to Mopani. Since inception in 2000, Mopani has implemented a number of safety initiatives that have contributed to the reduction in lost Time Injury Frequency from 9.3 in 2000 to 1.3 in 2014. In a bid to continue improving its safety performance, Mopani has devised …
Read More »LOCAL CONTRACTOR COMMENDS JOINT VENTURE PARTNERSHIP INITIATIVE BY MOPANI
Mopani Copper Mines Plc has implemented a number of programmes aimed at empowering and building capacity of local contractors and other small and medium enterprises in Zambia. The Company is encouraging formation of joint venture partnerships between local contractors and internationally-recognized and well-established foreign firms wishing to do business with …
Read More »ZEST ENERGY CLOSE TO COMMISSIONING ITS FIRST REFERENCE SITE
Playing a key role in the growth of the Zest WEG Group’s footprint across Africa, group company Zest Energy is moving towards the commissioning of its first reference site for diesel power generation in Zambia. Zest Energy also has installations in Congo, DRC, Tanzania, Zimbabwe and Ghana. The order was …
Read More »Zambia’s cobalt exports slump 26 percent – report
Exports of cobalt from Zambia slowed down 26.4 percent last year compared to a year earlier as earnings rose, a report by the ministry of finance says. The slowdown in exports is chiefly attributed to the slowdown in the economic growth of top mineral consumer, China last year compared to …
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