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SANDVIK ZAMBIA STEPS UP TO ASSIST IN COVID-19 RELIEF EFFORTS

Sandvik Mining and Rock Technology believe that as a responsible and engaged global corporate citizen, it is critically important to contribute to and have a positive influence in the communities where they are active. The ongoing COVID-19 pandemic poses unique challenges to communities, which is why Sandvik in Zambia have …

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KCM and CEC Power Supply Agreement (PSA)

First established in March 2000 for a period of 20 years(until March 2020) Payment in US$ to be paid offshore to CEC in London Initial obligation for CEC to meet a maximum demand of 250MW with an escalation of up to 300MW provided KCM did not purchase the Nkana Smelter …

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ZCCM-IH and NDOLA LIME

I have learnt that ZCCM-IH has decided to dissolve Ndola Lime and form a New Company out of the assets called Limestone Resources. Ndola Lime was practically insolvent; it had liabilities of more than K1bn (accumulated over the last 8 years). This is a company at its best was bringing …

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Zambian Ministry of Mines on warpath against undervaluation of minerals

The Zambian mines ministry has disclosed that mineral exporters deliberately submit low-grade samples to the state laboratory, causing an undervaluation of mineral exports and depriving the government of mineral royalty tax revenue. Mines ministry officials said starting next month, it will personally collect samples from mine sites around the country …

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Ndola Lime retrenches all employees

All Ndola Lime company employees are set to be jobless effective 31st July as the company reportedly issued an internal retrenchment notice. According to a source, a memorandum signed by the interim business rescue administrator, Stephen Bwalya, employees will receive letters of retrenchment together with computations of amounts due to …

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