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The previous administration’s effort to liquidate Vedanta’s Konkola Copper Mining (KCM) business, which caused years of bickering between the firm and the government, was criticized by Zambia’s mines minister Paul Kabuswe on Monday. Since May 2019, when Zambia, which owns 20% of KCM through state mining investment firm ZCCM-IH, transferred …

2020 was a remarkable year for the global mining industry. The impact of the covid-19 pandemic was felt early and hard by the global mining industry through shutdowns of mines, ports and rail and other transportation infrastructure, with shipments stranded at sea or caught in port and with inconsistent restrictions …

Robert Kamanga, the deputy Chief Executive Officer of China Non-Ferrous Metal Business (CNMCLuanshya )’s Copper Mines ( LCM), said his company is considering shutting down mine operations at its Baluba shaft in 2022. Mr Kamanga claims that the LCM has exhausted all copper reserves at the mine, prompting the decision …

GEMFIELDS made a taxed profit of $23.8 million in the six months ended June, compared to a loss of $56.7 million in the prior fiscal year’s six months. Due to the emergence of the Covid-19 pandemic and the subsequent suspension of gem auctions for the year, the company’s losses were …

Zambian government will preserve the mining sector’s stability and predictability, assuaging concerns over royalty increases, this is according to the newly appointed mines minister. Paul Kabuswe also stated that the government must combat corruption in the mining sector, which is Zambia’s economic engine. “We may not do everything in the …