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Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, in Zambia, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem Mining, in Zambia. …

Zambia on Thursday introduced equipment which will enable its revenue authority and other government agencies to independently verify the quality of mineral exports, a senior government official said. Treasury Secretary Fredson Yamba said in a statement that Africa’s second-biggest copper producer had previously depended on what mineral exporters said through …

Glencore will invest over $1.1 billion in Zambia to sink three copper mine shafts with new technology that will extend mine life by over 25 years, pushing the kwacha to its highest in two months. By 1040 GMT (6.40 a.m. ET) the currency of Africa’s number 2 copper producer had …

Local residents walk along a road leading towards the Mopani copper mine in Kitwe. Maybin Chibale had a steady job for four years at Glencore Plc’s Mopani mining complex in northern Zambia’s Copperbelt Province. Then came the global commodity slump. Now he spends his days drinking beer with former colleagues …

The Zambia Chamber of Mines has urged Zambians to download its report on Mineral Royalty Tax, after strong endorsement by leading business personalities, who said the report would promote greater understanding of a complex issue which affects them. The report , A guide to understanding Mineral Royalty Tax (MRT), has …