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Kabwe firm’s $55m project pays off

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 …

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Copper maintains steady trend

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 …

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Mandatory disclosure of mines coming

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 …

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Southern Africa records first electricity surplus in 10 Years

Southern Africa is experiencing surplus electricity generation capacity for the first time in a decade, thanks to the success of regional cooperation in energy planning during the past few years. Figures released by the Southern African Power Pool (SAPP) show that the 12-member pool is sitting on surplus peak period …

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Copper producer plants bio-diesel trees on tailings dumpsite

…trees will revegetate a disused dump site, improve soil fertility and produce bio-diesel Konkola Copper Mines (KCM) has launched an ambitious bio diesel project in the Copperbelt at one of the company’s disused dump site. According to the company, the project aims to cultivate elite Pongamia Pinnata trees for bio-diesel …

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