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Greening the Copperbelt, CEC plants trees

Despite being one of the smallest provinces the Copperbelt province is faced with enormous deforestation and forest degradation challenges attributable to being one of the most densely populated provinces. This sad state of the natural environment has caught CEC’s eye and, consistent with its values, the Company is doing something …

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Trident acquires royalty over Zambian copper mine

Trident Resources has acquired a gross revenue royalty (GRR) over production from Moxico Resources’ Mimbula copper mine, in Zambia, as well as over associated stockpiles, for $5-million in cash. Trident is entitled to royalty payments on production starting from July 1 and extending in perpetuity. Moxico is a private company, which is rapidly …

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Zambia’s Arc Minerals second season of exploration resumes

Arc Minerals has resumed its second season of exploration activities at its Zamsort and Zaco licence areas in north-western Zambia. Diamond drilling activities will resume over the Fwiji target, where the company already defined the target area through previous exploratory works. Follow-up work at a number of the other target …

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Glencore pays $1.3bn to SA government in 2019

Diversified miner Glencore made payments of $7.7-billion to the governments of countries in which it operates in 2019. This includes $96.6-million paid to the South African government in taxes, royalties and other payments. It paid Argentina $21.6-million, Australia $1.6-billion, Bolivia $10.9-million, Cameroon $5.3-million, Canada $51.4-million, Chad $88.6-million, Chile $235.6-million, Colombia …

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