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Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday. The company, owned by Eurasian Resources Group, plans to shed 996 jobs at its Boss Mining unit and 1 300 …

Chibuluma Mines embarked on a rigorous operations restructuring programme which was aimed at ensuring the survival of the Company. As a consequence of the restructuring, 300 jobs were initially planned to be lost, however, through dialogue with the Government and the workers representatives (Mineworkers’ Union of Zambia), this number reduced …

Brazilian miner Vale has written $2.4 billion off the value of its coal assets in Mozambique over the last year, now valuing its project in the country at $1.73 billion. The operation continues to lose the company half a billion dollars per year, Vale said in its end of year …

A planned coal-fired power plant in Moatize, province of Tete, is seeking more than half a billion dollars in financing from multilateral lenders and export credit agencies, the head of the company leading the project told the media. Saudi Arabia-based ACWA Power is leading the development of the 300 MW …

LUSAKA – Zambia’s copper production will be around 700 000 t this year and next year before rising to one-million tonnes in 2018, a top government official said on Monday. Copper production in Africa’s second-biggest producer of the metal inched higher to 711 515 t in 2015 from 708 000 …