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As Zambia seeks to raise enough revenue to meet various financial obligations including infrastructure development, renowned economic analysts contend the policy deprives the treasury of resources. The Statutory Instrument (SI) number 89, which demands Government slapping a 10 percent export levy on copper concentrates by mining companies to allow maximising …
Read More »Don’t nationalize KCM, says International Monetary Fund
After lengthy debate by various economic players within and outside Zambia, the International Monetary Fund has added its voice to appeals by the Government not to nationalize Konkola Copper Mines despite its shortcomings in recent years over its operations. In recent years, KCM, one of Zambia’s main copper and cobalt …
Read More »Mopani Copper Mine smelter upgrade completed ahead of schedule
The mining company has since taking over the unit pledged to cut down the emissions from the smelter a gas which will now be converted into production of acid which the company seeks to maximize in its production unlike releasing to the atmosphere. The completion of the upgrade programme …
Read More »Mopani Copper Mine
MOPANI Copper Mines in Mufulira has increased copper production by 2,500 tonnes in the first quarter of 2014 highlighting a growth rate of 10 per cent, a quarterly report has disclosed. Mopani, a subsidiary of Swiss owned conglomerate Glencore Xstrata, produced 27,700 tonnes of copper in the first quarter of …
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