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Gemfields finalises $65 million debt financing facilities to fund expansions

Aim-listed Gemfields has announced the finalisation of four debt financing facilities after considering a number of alternatives from various banks. Janet Boyce, Gemfields CFO says the facilities, together with Kagem’s existing revolving credit facility of USD$ 30 million with Barclays Bank in Zambia, provides the company with the necessary funding …

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Zambia’s New Mining Tax Regime May Fail the Test of Time

After enjoying one of the greatest mining booms in its history, Zambia is now suffering. The price of copper—a metal on which much of the country depends—has fallen by half in the last five years. This fall has resulted in the loss of thousands of jobs and the deterioration of …

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Zambia’s copper output expected to double next year

Zambia’s copper output will rise by 5.5% to 750 000 t this year and output is expected to double to 1.5-million tonnes in 2017, Mines Minister Christopher Yaluma said recently at the just ended mining and energy expo in Lusaka. Copper production in Africa’s second-biggest producer of the metal was …

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Zambia expects copper output to double next year

Zambia’s copper output will rise by 5.5% to 750 000 t this year and output is expected to double to 1.5-million tonnes in 2017, Mines Minister Christopher Yaluma said. Copper production in Africa’s second-biggest producer of the metal was at 711 515 t in 2015. “It has to do with …

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