WearCheck

More News

Mining Companies in Zambia contest 28% energy tariffs

The revised 28.8% energy tariffs for mining companies in Zambia-Africa’s rich copper producer has taken a new twist with the chamber of mines contesting in the courts of law, that decision by the energy regulatory body effected on 2nd April this year. The courts have since granted a judicial review …

Read More »

Vedanta Resources keen to remain in Zambia

Amid the fray over the alleged underpayment of tax to the Zambian Government coupled with the recent ‘mocking’ of the laxity in mining policies that has seen the company pocket over US$500 million in profits annually, Konkola Copper Mines wants to remain in the copper rich nation for over 50 …

Read More »

FQML ‘staggers’ US$1 billion capital outlay for Zambia

Uncertainty in fiscal regime coupled with bureaucracy have forced Toronto listed and leading copper and gold miner, First Quantum Minerals to ‘hold on’ to its planned US$1 billion capital outlay to Zambia. While there has been remarkable investment at its flagship and US$2 billion Trident Kalumbila mine in Solwezi in …

Read More »

Glencore Xstrata ‘flagship’ shaft set for 2016

Part of the shaft being sunk Swiss-based commodity trader, Glencore Xstrata’s planned commissioning of the US$323 million synclinorium shaft at its Nkana operations in Kitwe is earmarked for next year as it seeks to boost production. Mopani Copper Mine, Zambia’s second leading producer of copper and cobalt seeks to increase …

Read More »