Despite the challenges of continued decline in commodity prices and the lack of return on investment, there remains a great opportunity on the continent for mining to grow, professional services firm KPMG South Africa CEO Moses Skosana said recently. Sharing his insights ahead of the 2015 Investing in African Mining …
Read More »Johan- Ernst Linström is new Airgas Sales boss
Johan-Ernst Linström has been appointed Airgas Sales Manager with effect from January 28, 2015. He assumes sales responsibilities at the firm, a Sub-Saharan subsidiary of German-based Aerzener Maschinenfabrik (Aerzen) – one of the world’s leading specialists in the design and manufacture of roots blowers, turbo blowers, screw compressors, rotary lobe …
Read More »Mabiza Resources appoints Matthew Banda as GM
Mabiza Resources Limited(MRL) which operates Munali Nickel Mine has appointed Mr. Matthew Banda as General Manager of the company. This comes after Consolidated Nickel Mines Plc (CNM) the holding company partnered with Jinchuan to restart mining operations at the nickel mine, located 75 km south of Lusaka in Mazabuka, Southern …
Read More »Miners’ jobs safe, says Scott
By Potipher Tembo THE Zambian government has reiterated that no mine will easily close down and result in job losses for miners. Faced with various challenges, many mines in the country have been threatening to cut down on the workforce for them to continue operating profitably. Some of the mining …
Read More »ZCI offers an additional loan facility pact
African Copper Plc’s ZCI Limited, has entered into an additional loan facility of $2.5 million to be provided to its subsidiary, Copperbelt Development Foundation (CDF), according to African Mining.com ZCI entered into the additional agreement to provide CDF with further working capital for the Mowana Mine facilities. The facility will …
Read More »Kalumbila miners protest over funeral grant
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 …
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