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KCM importing toxic copper concentrates

KONKOLA Copper Mines has started importing copper concentrate from Chile which contains arsenic, a toxic chemical element that causes cancer if exposed to humans in uncontrolled quantities. But the mining company says it has taken the necessary precautions to ensure that “this and all impurities are captured and safely stored …

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Investor confidence in Zambia very low – Osborne

COPPERBELT Show Society chairman Bill Osborne says investor confidence in Zambia at the moment is very low. And President Edgar Lungu says the country must move away from perceiving mining as a mere source of revenue, and see it as a catalyst for economic transformation. Speaking when President Lungu opened …

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First copper from DRC-CHINA deal due by year end – govt

A joint venture between Democratic Republic of Congo’s (DRC’s) State miner and two Chinese companies, signed under a 2009 “minerals for infrastructure” deal, will begin producing copper before the end of 2015, the DRC’s government said on Thursday.Under the deal Chinese companies pledged to build $3-billion worth of roads, railways, …

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Governor of Congo mining hub Katanga warns against tax hike

The powerful governor of Democratic Republic of Congo’s Katanga province warned on Wednesday against significant tax hikes in a proposed new mining code amid a recent decline in copper prices.The southeastern province accounts for nearly all of the vast central African state’s copper production, which surpassed one-million tonnes for the first time …

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