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

Zambia plans to narrow its budget deficit to about 5 percent of economic output next year even after lowering its 2015 growth forecast for the second time since June. The shortfall will shrink from an expected 6.9 percent this year, Deputy Finance Minister Christopher Mvunga said in an interview at his …

Zambia is worried about the economic slowdown in China, a key consumer of its copper, and expects a further decline in revenue due to sharply lower prices for the commodity, a senior official said on Wednesday. “We are worried because China is one of the major consumers of our copper,” …

BMR Mining (LON:BMR), formerly Berkeley Mineral Resources, saw shares surge in early deals as it took a further step towards processing tailings at a pilot plant in Zambia. The firm wants to extract lead and zinc from the vast tailings deposits at the Kabwe mine. Now the Zambia Environmental Management Agency (ZEMA) …

THE shock waves from China’s surprise yuan devaluation are ricocheting through African economies, sending currencies tumbling and stoking anxiety that the continent’s biggest trading partner might be losing its appetite for everything from oil to wine. The rand hit a 14-year low of R12.94 to the dollar on Monday, extending …

Lusaka, Zambia has started importing 100 megawatts of power from neighboring Mozambique as part of efforts to mitigate a power deficit the southern African nation was currently facing. Zambia is currently facing a 560 megawatts power deficit caused by reduced water levels in the reservoirs for hydro power generation. The …