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Zambia hopes to “strike a win-win situation”, says mines minister

Zambia hopes to “strike a win-win situation” with bondholders, Mines Minister Richard Musukwa said after Africa’s no.2 copper producer nation failed to pay the $42.5-million coupon on its Eurobond debt last Friday. Zambia doesn’t expect its mining assets to be taken away by bondholders and has no plans to sell its …

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Sarens sets permanent base in Zambia

Sarens has been supplying cranes to Zambia since 2018 on a project by project basis, however, the new facility in Chingola will allow the company to establish a permanent base and serve projects within a 300km radius. The company has opened a new depot in Chingola, northern Zambia near the …

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Virus vaccine hopes propel copper to a two-year high

Base metals have climbed this month on signs of progress in developing a drug to combat Covid-19, which would help economies reopen and global growth recover. But there are still immediate fears that fresh lockdowns – especially in the US – could bring renewed pressure on economic activity. The Trump …

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Chief’s training programme drives youth employment at FQM

Some 50 young local haul truck operators have secure jobs at First Quantum Minerals’ Sentinel Mine at Kalumbila thanks to an innovative Chief’s training programme spearheaded by Senior Chief Musele. The programme is aimed at giving individuals with no experience of operating mining equipment or vehicles an opportunity to expand …

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Arc Minerals signs exclusive agreement with Anglo American

Chief Executive Officer of Arc Minerals and CEO Nick von Schirnding has revealed that copper explorer Arc Minerals, which has carried out extensive exploration drilling in Zambia in its study of the near-term copper opportunity, has signed an exclusive agreement with Anglo American. The UK Aim-listed Arc Minerals holds former …

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