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

Central African mining company Katanga Mining Limited had begun a review of its business, including operations and expenses, in light of the challenging environment for commodities, Glencore said on Monday. A similar review was under way at Mopani Copper Mines in Zambia, the London-, Hong Kong- and Johannesburg-listed global commodities …

Zambia-focused precious stones miner Gemfields has garnered revenues of $35.14-million from its most recent auction of predominantly rough emeralds extracted by subsidiary Kagem Mining, as well as the sale of amethyst mined by 50%-owned Kariba Minerals. Held in Singapore from August 31 to September 4, the auction followed seven successive …

Konkola Copper Mines (KCM), a Zambia-based producer of the red metal — owned by Vedanta Resources (LON:VED) — has asked 133 workers to take paid leave while the firm reviews its operations. The mining company’s chief executive Steven Din said the move was a result of the ongoing difficulties the …

“Many entities are likely to use the dollar as the currency of choice for transactions, thereby putting more pressure on the demand side,” said analyst Peter Sitamulaho of the local Bonds and Derivatives Exchange. “The kwacha is afflicted by lack of price transparency, lack of liquidity, too few market participants …

This week, following a drop in water levels, Zambia increased cuts in electricity generationfrom hydropower stations at Kariba Dam. As a second consecutive year of low rainfall looms, these power cuts are likely to intensify, and there is a risk that Zesco, Zambia’s largest power producer, may have to disrupt electricity supplies to …