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

THE Economics Association of Zambia says there may not be enough mining tax revenue collected by the government this year because the sector is grappling with low copper prices and production.Copper prices on the international market have this year been steadily declining, now trading at around US$5,165 down from over …

Lusaka – Zambian power companies will cut electricity supply to mining firms by 30 percent due to a power deficit which threatens to bring the economy of Africa’s No.2 copper producer to its knees, an industry official said on Wednesday. The decision was reached on Tuesday in a meeting involving mining …

Aim-listed Gemfields’ 75%-owned Kagem emerald mine, in Zambia, delivered 8.1-million carats of emerald and beryl in the quarter ended June 30, lifting output for the full 2015 financial year to 30.1-million carats of emerald and beryl. This was comparable with the 6.2-million carats of emeral and beryl produced in the fourth …

LUSAKA – Zambian power utility Zesco has restored full power to First Quantum Sentinel mine, the Canada-based company said on Thursday. “Sentinel Mine has been given unlimited power, more than previously used to run the plant,” the company said in a statement. Energy minister Christopher Yaluma on Wednesday directed Zesco …

LUSAKA – Mining companies operating in Zambia’s copper belt have agreed to reduce power usage by between 10% and 15% to ease pressure on the national grid, the chamber of mines said on Wednesday.Zambian power utility Zesco Ltd is limiting the power it supplies to customers, including Copperbelt Energy Corp (CEC) …