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

Mozambique mineral sands miner Kenmare will pursue a capital raising and debt restructuring to materially deleverage its balance sheet with US$100 million already secured. Subject to agreement with lenders, the plan is expected to result in gross outstanding debt being substantially reduced. The capital raising is expected to be conducted …

CHINA Non-Ferrous Metal Company (CNMC) will spend about US$100 million to dewater shaft 28 at the Luanshya Copper Mines (LCM). Shaft 28, which got flooded in February 2008, holds an estimated 70 million cubic litres of water and will take about three years to drain. Chief executive officer Luo Xingeng …

UNIVERSAL Mining and Chemical Industries Limited (UMCIL) has urged Government to set up regulations that will compel contractors undertaking public projects to use locally produced steel and related products to boost the manufacturing base. Meanwhile, Zambia Development Agency (ZDA) director general Patrick Chisanga says it is saddening to see that …

THE government recently introduced a new mining tax regime in the 2015 national budget and the reverberations of this decision are still being felt as various stakeholders express their reactions. For instance, the Chamber of Mines has warned that the new regime is likely to hit investment. One of the …

INTREPID Mines Limited has produced samples which show the existence of more copper and gold at the company’s Mumbwa projects, chief executive officer Scott Lowe has disclosed. Mr Lowe said once the results from the report have been analysed, Intrepid will do some follow-up drilling. Mr Lowe said in Intrepid’s …