Zambian Mining News The Premium Source of Information on The Zambian Mining Industry

Vedanta Resources developers of Konkola Copper Mines (KCM) have announced a 50-year blueprint for the integrated copper mine. With a budget of US$1 billion, the long term project is expected to grow KCM’s employment to 7000 jobs. “I want Konkola Copper Mines (KCM) to be the largest integrated copper producer …

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

Metalco Industries Company Limited, a Kabwe-based firm, has injected a capital of about US$55 million to upscale its operations in the manufacturing sector over the past 18 years. The company recycles scrap metal to manufacture copper cables, lead-acid batteries, aluminium sheets and various utensils. Company chairman and managing director Hussein …

The copper price, which has remained strong on the global market, is expected to boost the Kwacha’s performance against the United States (US) dollar in the medium term, Cavmont Bank notes. On Friday, copper, which is Zambia’s major export earner, witnessed a price fall of one percent on the London …

By 2020, all Extractive Industries Transparency Initiative (EITI) member countries, including Zambia, will be required to publish the identity of companies that bid for, operate or invest in extractive projects in their country to curb tax evasion. According to a latest EITI newsletter for Zambia, EITI requirements have sparked reform …