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Franklin Electric – Grid Solutions offers DTM with new capabilities

Comtest, the representative of Franklin Electric—Grid Solutions has announced that their INCON™ Distribution Transformer Monitor (DTM) has been updated to include new transformer life prediction functionality, enabling service and maintenance forecasting. The enhancement leverages predictive algorithms to estimate the remaining lifespan of transformers to streamline operations. Additionally, the DTM now …

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Ctrack launches ultra compact tracking device

Ctrack launches ultra compact tracking devices The leading vehicle tracking and telematics provider – Ctrack, has launched its BX500 and BX600 range of wireless, ultra-compact GPS tracking devices. Ideal for use in cars, trucks and motorbikes, quads, golf carts, delivery vans and generators, the new devices are also designed to …

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CEC to conduct biodiesel, by-product survey

The Copperbelt Energy Corporation Plc (CEC) intends to conduct a survey for biodiesel and its by-product to enable the firm establish market for potential customers. The firm’s biodiesel plant, which has a production capacity of one million litres per annum, produces diesel from jatropha curacas derived oil and soya bean. …

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Kibo Mining confirms delay in amalgamation of gold projects

Kibo Mining has confirmed that a minor unforeseen delay will set back finalising the definitive agreement with Lake Victoria Gold. Tanzania focused mineral exploration and development company, Kibo Mining said on Tuesday that its Memorandum of Understanding (MOU) signed with Lake Victoria Gold (Lake Victoria) to consolidate the companies’ respective …

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Gemfields finalises $65 million debt financing facilities to fund expansions

Aim-listed Gemfields has announced the finalisation of four debt financing facilities after considering a number of alternatives from various banks. Janet Boyce, Gemfields CFO says the facilities, together with Kagem’s existing revolving credit facility of USD$ 30 million with Barclays Bank in Zambia, provides the company with the necessary funding …

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Zambia’s copper output expected to double next year

Zambia’s copper output will rise by 5.5% to 750 000 t this year and output is expected to double to 1.5-million tonnes in 2017, Mines Minister Christopher Yaluma said recently at the just ended mining and energy expo in Lusaka. Copper production in Africa’s second-biggest producer of the metal was …

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Copper Production On Rise

While commodity prices on the international market have not fared well this year, Zambia has continued to record high grade copper on an annual basis. Coupled with falling commodity prices, the country has been grappling with power outages which to some extent have led to challenges in the mining sector. …

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Gemfields achieves record price for emerald carat price

Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, in Zambia, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem Mining, in Zambia. …

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ENRC to cut over 2000 mining jobs in Congo

Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday. The company, owned by Eurasian Resources Group, plans to shed 996 jobs at its Boss Mining unit and 1 300 …

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Zambia resumes issuance of new mining licenses

LUSAKA – Zambia has resumed the issuance of new mining licences, renewal and transfer of rights which it suspended in August last year, its mines minister said on Thursday. Mines minister Christopher Yaluma said the government had since the suspension established new licensing regulations to improve the administration of mining …

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