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Consider establishing mineral stabilisation fund, State urged

Goverment should consider establishing a mineral stabilisation fund to cushion the negative impact of falling copper prices on the international market, Economics Association of Zambia (EAZ) says. The price of copper, which is the mainstay of Zambia’s foreign exchange earnings, has been declining from the highs of about US$8,000 per …

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Innovative new Core Tray introduced in the mining and drilling sectors

INNOVATIVE NEW CORE TRAY INTRODUCED IN THE MINING AND DRILLING SECTORS Kim Cloete Following research and analysis of the global explorationindustry, a South African company has designed a new, innovative core tray for geologists in the mining and drilling sectors which will help to improve efficiencies and reduce hidden costs …

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Copper market seen ‘broadly balanced’ in 2016,2017 – IWCC

Global demand for copper is expected to broadly meet supply in 2016 and 2017, while there is a chance of stronger-than-expected consumption in top user China, an industry body said on Friday. The International Wrought Copper Council (IWCC) sees a modest 120 000 t deficit this year, narrowing to 60 000 …

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Burey expands DRC holdings

ASX-listed Burey Gold is acquiring a 60% interest in five exploitation permits, covering 1 456 km2 of highly prospective ground in the Haut Uele province, in north-east Democratic Republic of Congo (DRC). Through an agreement with a Dubai-based private company Medidoc FZE, the company would obtain the Tendao project, which …

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CEC to conduct biodiesel, by-product survey

The Copperbelt Energy Corporation Plc (CEC) intends to conduct a survey for biodiesel and its by-product to enable the firm establish market for potential customers. The firm’s biodiesel plant, which has a production capacity of one million litres per annum, produces diesel from jatropha curacas derived oil and soya bean. …

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