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LUSAKA – Zambia’s Northwest Rail said on Friday it has secured $500-million for the first phase of a railway linking Zambia’s copperbelt to the Angolan border, in a project that aims to extend the line to Angola’s coast.South Africa’s Grindrod and other shareholders will put up the equity, and several banks would …

LUSAKA – Vedanta Resources’ Zambian unit Konkola Copper Mines (KCM) said on Thursday one of the biggest challenges it faced was the high cost of electricity in Africa’s No 2 copper producer.“One of the big challenges that we have for the future, for us to be able to stabilize our operations, is …

Indian thermal coal imports were expected to spike over the next few months, exceeding the 200-million-ton forecast for the current financial year, a senior government official has said. Indian thermal coal import projections for 2015/16 have already been increased to 200-million tons, but shipments could well increase by between 15% …

Democratic Republic of Congo said recently that Ivanhoe Mines’ sale of a stake in the Kamoa copper mine to China’s Zijin Mining should be suspended until concerns raised by the government can be resolved.Vancouver-based Ivanhoe announced last month that it would sell a 49.5% stake in Ivanhoe subsidiary Kamoa Holding …

Junior explorer Excalibur Mining has its eye on a manganese deposit in Zambia.The ASX-listed junior reported on Thursday that the company would partner with Pinto Minerals to acquire a 75% shareholding in Maybach Mining Services, which holds the early stage production asset.In exchange for its 50% interest in Maybach, with Pinto holding …