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KSB invests in Zambia

Global pump manufacturer, KSB Pumps and Valves, has established an independent operation in Zambia to ensure that its rapidly expanding customer base has full access to the company’s world-class sales and support services. Having previously been represented by a network of agencies and dealers throughout the country, the growing number …

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Scrap property transfer tax for exploration companies – AZMEC

Investors in the mineral exploration sector want exemption from property tax. The Association of Zambian Mineral Exploration Companies (AZMEC) says paying property transfer tax levied at 10 percent from exploration stage of mining dents profit. Geoffrey Mulenga AZMEC President speaking during the 10th AZMEC Explorers Forum  held under the banner: ‘Exploration …

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Govt. foresee positive copper prospects

The rising commodities prices are to spur the country’s copper production, government officials have said. Paul Chanda, Mines permanent secretary said the prospects for 2017 are largely positive. Government projects copper production to exceed 850,000 tonnes on account of recovering prices nearing US$6,000 per tonne. “The commodity prices have shown …

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Cape Lambert seals DRC JV, sets eyes on Zambia

Australian company Cape Lambert has ventured into a joint venture with Democratic Republic of Congo’s (DRC) Paragon Mining to exploit the country’s cobalt and copper. The JV is to develop the Kipushi cobalt-copper tailings project, the Kasombo copper-cobalt project and operate the Kipushi processing plant. In addition, operate the fully …

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Governments urged to craft fitting policies for mining industry

Poorly thought-out mining policies are impacting Africa’s mining sector, the annual mining jamboree Mining Indaba in Cape Town, South Africa has heard. Sharing the same sentiments, stakeholders said uncertainty and inconsistency are hampering the search for new mining investment on the continent. In addition, the policies have cast a shadow …

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