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Government invest in cement plant to diversify economy

Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and Sinoconst are to build a $548-million cement plant in Ndola. The development is part of efforts to diversify the economy and reduce reliance on the country’s economic mainstay copper mining. President Edgar Lungu said the two companies will raise financing for the project …

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Reinstate clause on mineral revenue

The Centre for Trade Policy and Development (CTPD) has urged Government to reinstate the clause on mineral revenue sharing mechanism (MRSM) in the Mines and Minerals Act to realise the aspirations of the Seventh National Development Plan (7NDP). CTPD acting executive director Isaac Mwaipopo said the 7NDP seeks to improve …

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$12 million sourced for small-scale miners

Goverment has obtained a loan worth US$12 million from African Caribbean Pacific and the European Union (ACP- EU) countries to support growth of small-scale miners in the gemstone sector. Ministry of Mines permanent secretary Paul Chanda told captains of the industry at a business seminar taking place on the side-lines …

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Maamba Collieries plans to increase generation

Maamba Collieries Limited (MCL) is engaging key stakeholders in the mining industry on possibilities of increasing its thermal-generated power plant to 600 megawatts (MW) in view of the growing electricity demand in the country. Last year, President Edgar Lungu commissioned the 300MW of power at MCL and connected to the …

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