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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 …

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, …

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 …

Underground at Acacia Mining’s Bulyanhulu mine A report recently released by EY has demonstrated the significant impact that African gold miner Acacia Mining’s activities in Tanzania continue to have on the country’s economic development. Entitled Acacia Mining Total Economic and Tax Contributions in Tanzania, 2014, the report demonstrated that in 2014, Acacia purchased …

MINEWORKERS unions say the suspension of 139 workers at Barrick Lumwana Mine in North-Western Province is an indirect way of retrenching employees. Barrick Lumwana Mine management has suspended 139 workers, mostly those who were suspected to have taken part in the threatened mine closure protests following increased mineral royalty taxes. …