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FQM commits $50 million for Chingola-Solwezi road repairs

First Quantum Minerals has committed US$50 million next year for longer-term repairs on the Chingola-Solwezi road as part of the public-private partnership. In a statement, FQM head of government affairs John Gladston said the mine is spending US$2 million on stabilising the 180 kilometre road before the onset of the …

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Murray & Roberts completes sale of infrastructure and building businesses

Murray & Roberts has entered into an agreement with Firefly Investments for the sale of the Murray & Roberts Infrastructure and Building Platform (MRIB) for R314 million. Firefly Investments represents a consortium led by Southern Palace, a black-owned industrial group, which includes the Government Employees Pension Fund (GEPF) and members …

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The time to invest is now

Will Zambia be ready when the copper price recovers? Being unprepared for the coming upswing in metal prices is the number one risk facing global mining – and copper mining in particular, says Ernst & Young in its annual risk report, Business risks facing mining and metals: 2015-2016. That’s according to …

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Copper price rises

The price of copper on the international market recorded a marginal rise of 0.2 percent yesterday on the back of tight supply in China’s domestic market despite a stronger dollar and expectations of high supply next year. According to Reuters, three-month copper on the London Metal Exchange (LME) edged up …

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