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Coloured gemstones miner Gemfields earned $29.3-million from the sale of rubies mined at its Montepuez deposit, in Mozambique. The Aim-listed company’s fourth auction of rough rubies from Montepuez, saw 46 companies placing bids, with the auction realising an average price of $617/ct. The auction, which took place from June 16 …

LUSAKA – Zambia has asked Vedanta Resources’ Konkola Copper Mines (KCM) to delay the processing of copper concentrate it imported from Chile until it puts in place safety measures to avoid pollution, Zambia’s deputy minister of mines said on Thursday.KCM said on June 3 it had imported its first semi-processed copper …

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 …