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FQM remains persistent despite decreased output

In contrast to many of its competitors, Canadian miner First Quantum has decided to maintain its 2022 cost projection despite inflationary pressures and decreased output from its mines in Zambia. Despite second-quarter cash expenses exceeding the upper limit of the yearly guidance, the business continues to predict cash costs of …

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John Deere’s ADT hits Southern Africa market

Designed with the demands of today’s job site in mind, John Deere has introduced the new 460E-II Articulated Dump Truck (ADT). The John Deere-designed machine delivers ultimate productivity with a redesigned wider dump body, electrical and hydraulic systems, and new drive modes to help you get the job done in …

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ENTERPRISE NICKEL – GAME ON!

Zambia poised to take the lead in the electric vehicle revolution on the continent Zambia officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week as President Hakainde Hichilema launched the Enterprise nickel mine in Kalumbila. Once up and running, First …

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FQM’s renewed dedication to Zambia attributed to the new regime

First Quantum Minerals (FQM), a large mining company with a TSX listing, plans to make significant investments in the expansion of its Kansanshi copper and gold mine. This shows not only the persistent demand for these two metals from international markets, but also the company’s dedication to a nation that recently welcomed a new political leadership that aims to raise Zambia’s status as a mining investment destination going forward. According to Dr. GODWIN BEENE, an expert in FQM government relations affairs, LAURA CORNISH. Zambia’s mining tax regime, amended in 2019, has seen investment from the sector dwindle and total copper production output stagnate ever since. But the introduction of new president Hakainde Hichilema (appointed into office in September 2021) could change this as he has reopened the door to working …

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Zambia Mining set to benefit from Indian investment

The deputy president of Zambia stated on Wednesday that $5 billion in Indian investment is planned for Zambia with a focus on infrastructure development, agriculture, and the health sector. Speaking to reporters in the Indian capital New Delhi on the sidelines of the ongoing Exim Bank India-Africa Growth Partnership Conclave, …

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