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Copper price soars

The price of copper, which is Zambia’s foreign exchange earner, rose to two and half highs at US$6,495 a tonne on the international market on Wednesday, supported by anticipated low demand from China. The raise in copper price means that Zambia will have more foreign exchange inflows and will also …

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Solwezi’s mining activities attract Mauritian mall developers

Mauritian company African Property Investments is building a $25 million complex with 10 000 m2 of commercial space in Solwezi. The presence of three major copper mines, whose18 000-plus employees and contractors collectively release millions of dollars of disposable income into the local economy every month has attracted the investor. …

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Konecranes celebrates 1000th RTG delivery

Konecranes is celebrating a milestone of its cranes this year with phenomenal installations across the globe. Konecranes’ 100th rubber tired gantry (RTG) crane has been installed at the Georgia Ports Authority at the Port of Savannah in the USA. In South Africa, three 350kg RMG’s have been installed at Transnet …

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Kansanshi Mine remains resilient

First Quantum Minerals’ Kansanshi Mine has posted positive results despite operational challenges, declining ore grades and the need to contain costs The company’s 2016 financial results confirm its status as Zambia’s flagship copper mine. Kansanshi maintained its position during 2016 as Zambia’s largest copper producer (250 000 tonnes), one of …

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Copper-processing plant to open at Kalulushi dumpsite

Mineral Junxion Zambia has budgeted US$3 million to construct a mineral processing plant to extract copper and cobalt slag at the dumpsite owned by Konkola Copper Mine in Kalulushi. The company has already submitted an environmental impact statement (EIS) report to the Zambia Environmental Management Agency (ZEMA), ahead of commencing …

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