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Zambia at odds with copper miners over new tax regime

Zambia’s new tax regime has resulted in significantly higher royalty bills than in the past, pitting the nation against copper mining companies. Zambia is Africa’s second-largest copper producer, behind only the Democratic Republic of the Congo. As of 1552 GMT, the London Metal Exchange three-month copper price was trading at …

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FQM reduce annual spending on tyres

Investment in design and management of its haul road network has reduced annual spending on the haul fleet at First Quantum Minerals’ Kansanshi Mine by US$5 million. Good pit road maintenance has reduced damage to the tyres – worth US$31,000 each – on its fleet of 82 massive US$3.8 million …

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Measuring viscosity is now as easy as 1,2,3!

Condition monitoring specialists, WearCheck, recently launched a quick, cost-effective viscosity test kit known as the WearCheck Rheo-stick. Technical manager for WearCheck Steven Lumley, elaborates, ‘It is important to know the viscosity (thickness) of a lubricant because this determines its film strength and its efficiency in preventing friction between moving parts. …

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Zambia denies Konkola Copper Mines reports

A mines ministry official said on Thursday that Zambia’s Konkola Copper Mines (KCM) has not been temporarily or permanently closed, denying a Bloomberg story about the copper mine previously operated by India’s Vedanta Resources. According to Bloomberg, Zambian mines ministry permanent secretary Barnaby Mulenga said on Wednesday that the Konkola …

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African gov’ts pushing mining companies to consider renewable energy

Governments and investors around the world are putting growing pressure on industries to minimize pollution, and this, combined with favourable economics and the need for reliable and cost-effective power, is pushing mining companies to consider renewable energy. Centamin, a gold miner listed on the TSX and the London Stock Exchange, …

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