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Revenue for Mopani Copper Mines, a unit of Switzerland based commodity trader, Glencore Xstrata rose 18 percent by December last year as copper sales rose, the company says. In a report for the 12 months period to December 31 last year, Mopani Copper Mines, Zambia’s second leading producer of copper …
Read More »Paragon Diamonds to raise its stake in
Paragon Diamonds seeks to conditionally increase its interest in the Lemphane Kimberlite project in Lesotho, owned by Meso Diamonds, to 100 percent from 85 percent. The company, which already has projects in Lesotho, Botswana and Zambia, said it is moving toward the stage one mining development phase at the Lemphane …
Read More »Renewable energy, a priority for African mining countries
With various fundamentals besetting the mining and energy sectors, several countries are looking at various cheaper and reliable options to remain sustainable and enhance economic growth and meet demands for their people. With the unstable copper, coal, gold, nickel afflicting the international metal market, most African mining companies have been …
Read More »Uganda ‘revisits’ mining laws to lure capital in the industry
The Ministry of Energy and Mineral Development in Uganda has started the process of revising some clauses in the mining laws to attract the highly mobile capital and finance needed to establish a modern and viable mining industry. The laws in question are; the Mineral Policy, which was put in …
Read More »Chamber of mines in Zambia seeks partnership over mineral data production
The Chamber of mines in Zambia, a consortium of foreign mining companies operating in the copper rich southern African state seek to partner with other players in the industry for comprehensive and accurate information on the production of minerals as the country grapples to increase production. The chamber of mines …
Read More »Zambia’s Copper concentrate export ‘ban’ still in force
Zambia’s ban on exports of copper concentrate to foreign – based smelters remains in force because the country has enough capacity to process the raw material, says mines minister Christopher Yaluma. Last year, a debate ensued as to whether foreign mining companies operating in Zambia should continue exporting copper concentrates …
Read More »Kalumbila Minerals ponders over ‘350 graves’ in mine site
The planned commissioning of the US$2 billion Trident Kalumbila mine in Solwezi planned for next year may probably be delayed after the developers discovered over 300 graves during the construction of the Greenfield project. Kalumbila mine project is a unit of First Quantum Minerals Limited who are also owners of …
Read More »KCM fails to meet various operational obligations
The fate of one of Zambia’s leading mining companies, Konkola Copper Mines has continued unfolding with Government revealing various shortcomings on the operations of the copper producer. Recently, the Government announced its intentions to audit the Vedanta Resources Plc owned KCM to establish various developments and commissioned a technical committee …
Read More »“Use mining revenue to improve social sector,” says United Kingdom
“African Governments and mining companies that they host should co-exist in ensuring that the revenues realised from mining activities are translated into improving people’s welfare,” a United Kingdom official says. Lynne Featherstone, the United Kingdom’s Minister for International Development urged mining companies and African governments to ensure that mining revenues helped to …
Read More »ZCCM IH shareholders to earn more
Zambia Consolidated Copper Mines Investment Holdings-ZCCM IH share earnings are forecast to rise 34 percent higher than the six months ending 31 March last year as total number of shares in issue almost doubled. Stockbrokers Zambia, the agents for multi listed holding mining company, in a cautionary notice to shareholders …
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