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Mopani Copper Mines to review spending amid Coronavirus threat

Mopani Copper Mines, a Zambia subsidiary of Glencore is set to do a comprehensive review which aims to minimise cash outflow to guard against uncertainty caused by the threat of coronavirus “The rapid decline in the price of copper due to the impact of COVID-19 has now placed significant additional …

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High-speed Zambia-Mozambique rail on the cards

A US-based company, Railnet International, is proposing to Fund an $11 billion medium speed rail line between Zambia, Zimbabwe and Mozambique. Railnet CEO, Donald Kress, said the company was in talks with governments in the three countries and had, on 21 March, signed an agreement to start feasibility studies in …

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FQM finding alternatives routes for exports as SA goes on lockdown

FIRST Quantum Minerals is finding alternative routes to export its copper from Zambian mines after restrictions were imposed by South Africa. The Toronto-listed firm also said copper production from Zambia had been “better than expected” for the year to date, amid COVID-19 threat “Year-to-date operations in Zambia have been slightly better …

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OP-ED: How less tax can lead to more

Zambia is fortunate to be blessed by nature in several ways and has rich mineral and gemstone reserves, which, if harnessed and developed properly, can go a long way in enhancing the economic wealth of the country. The government of Zambia is committed to making strides towards paving the way …

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