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

Copper price on the London Metal Exchange (LME) last week registered its biggest weekly lose with weakness set to extend into this week due to the strong United States (US) dollar. Zambia’s major export earner is expected to trade at about US$4,755 per tonne. Reuters reports that the dollar reached …

Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …

Vale said on Thursday it has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. …

What are the main factors Zambia needs to address to make the country an attractive mining destination, unleash billions of dollars of foreign investment and create a stronger economy? The question featured prominently in this year’s Zambia International Energy Conference and Exhibition (Zimec), in Lusaka on 23-24 June. A stable …

Toxic fumes from one of Glencore’s copper plants in Zambia caused the death of a politician, the African country’s high court said, in a ruling that could trigger fresh claims against the company. The London-listed mining and commodities trader was ordered to pay 400,000 Zambian kwacha (£30,000) in damages to …