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Tap into unexploited Mining resources, Exploration Companies Challenged

Exploration Companies need to tap into vast unexploited mining resources as part of the diversification from the mono-commodity copper mineral and assist develop the sector’s operations in the country, says mines and mineral resources minister Christopher Yaluma. The spreading of exploration activities in unexploited areas will assist Zambia; Africa’s leading …

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Gemfields’ ‘emerald’ profits up 137 percent, says report

Revenue for the world’s largest emerald producer, Gemfields Limited Plc., rose 137 percent during the last six months ending December last year, compared to a similar period a year earlier. The rise in revenue spurred by its new advertising campaign image entitled ‘The Art of Colour’ unveiled, has boosted the …

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First Quantum laments low smelting capacity in Zambia as weir Minerals Africa joins other engineers at Kalubila-Trident site

First Quantum Minerals Limited has lamented the constrained copper smelting capacity in Zambia which has negatively affected the company’s annual profits recorded at its Kansanshi unit in Solwezi, north western province, a company official says.  Chief executive officer and Chairperson Phillip Pascall said inadequate smelting capacity forced a build-up in …

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Mopani Copper Mines copper output rises 12 percent, says report

Glencore Xstrata increased its copper outturn by more than 12 percent at its Mopani Copper Mines in Zambia last year compared to a year earlier, as expansion bolstered by investment in the local unit rose; company says. Annual Copper output  rose 12 percent to 111,000 tons last year compared to …

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NFCA Chambishi mine sets aside US$100 million for SEOB-report

China’s Non Ferrous Africa Mining Corporation (NFCA) plans to spend US$100 million this year towards the development of the South East Ore Body Mine (SEOB) at its Chambishi unit in Zambia as it seeks to expedite the project.  It is estimated that when the project is complete more than 5,000 …

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