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In order to incentivize gold production in Zimbabwe, an additional payment above the contractual purchase price will be provided by Fidelity as announced. Caledonia’s operating subsidiary Blanket Mine sells its gold production to Fidelity in Zimbabwe and is contractually entitled to receive a price which is derived from the afternoon …

As part of efforts to ensure Mopani has a viable future the company is planning to cease operations at Mindola North Shaft and Central Shaft. In accordance to the press statement availed by Nebert Mulenga, Public Relations Manager for Mopani Copper Mines said the miner is to focus on essential …

The contractor engaged by government to rehabilitate Mazabuka-Turnpike and other road construction projects across the country has cut off all works due to government debt of more than K200 million. Inyatsi Construction Limited has with immediate effect terminated all contracts and shut down its operations in Zambia due to lack …

The pronouncement of two major shafts in Kitwe scheduled for closure by Mopani Copper Mines has not been welcomed by the Mine Unions in the country as over two thousand job losses will be the outcome. Speaking at a joint Media briefing at Katilungu House in Kitwe on the Copperbelt, …

Over 400 miners belonging to three contractors at Nchanga underground mine in Chingola have been dismissed by Konkola Copper Mine (KCM). This follows the non-renewal of expired contracts for the three drilling companies namely Elioyoni, Lukoria and Mpelembe. KCM Corporate General Manger Eugene Chungu made mention that Nchanga underground mine …