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

Zambia has started rationing power supply to mines, an industry source said on Tuesday, as Africa’s second-biggest copper producer struggles to meet electricity demand. “They have given us a schedule indicating how much electricity they will supply to us at different times of the day due to the power shortage,” …

British company Xtract Resources has issued shares to partially finance the acquisition of a gold mining license in Manica province, Mozambique, the company said in a statement issued on Monday. This issue of almost 1.5 million shares generated a cash inflow of 4.4 million pounds, which will be used in the …

LUSAKA – Zambia, Africa’s No. 2 copper producer, plans to introduce a law banning the export of unfinished mineral products, minister of mines Christopher Yaluma said on Friday.“We want to curb the unnecessary export of unfinished mineral products. We need to get all exports to be beneficiated within the country and …

Namibia is finalising a deal with diamond producer De Beers that will see more of the gems cut and polished in the southern African country rather than abroad, newspaper The Namibian reported on Tuesday.A unit of Anglo American, De Beers operates a joint venture in Namibia with the government called Namdeb, …

THE Zambia Chamber of Mines says government’s revision of the economic growth target to 5.8 per cent is “too optimistic”. And the Chamber of Mines has continued to press government for the same royalty tax rate for all mines, rejecting a proposal to reduce royalties for underground mines to six …