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Zambian Consortium plans to bid for Collumn Coal Mine

CIVILSTRUST Consortium Limited has teamed up with a group of Zambian experts in various fields to put in a bid to run the embattled Collum Coal Mine. Executive chairman for the consortium, Peter Kapala, revealed that Civilstrust wants to acquire a large-scale mining licence and restore operations at the defunct …

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Mines under pressure to raise production – Sikamo

THE Chamber of Mines of Zambia says uncertainty in the fiscal regime brought about by new mineral royalties as the final tax has unsettled mining companies, warning that about 12,000 jobs are on the line this year. And Engineering Institution of Zambia vice-president for policy and public relations, George Sitali, …

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DR Congo to maintain copper production lead over Zambia

The Democratic Republic of Congo is expected to maintain a clear and decisive lead in its copper production over Zambia into 2020 should Lumwana close as planned, new mining research reveals. According to the 2015 Deloitte State of Mining in Africa report, new data shows that copper production in the …

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Sale of Richland’s Tanzanite mining assets concluded in Tanzania

THE London-listed Richland Resources this week closed the sale of its tanzanite mining unit, beneficiation and tsavorite licence interests in Tanzania to Sky Associates for US$ 5.1 million. The gemstone mining company revealed on Wednesday that it had completed its exit from Tanzania with the receipt of US$5.1 million from …

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Gemfields looks to expand trading in precious stones

Trading in precious stones could account for “a sizeable chunk” of Gemfields‘ revenue within five to ten years, the company’s CEO said on Monday. Gemfields holds ambitions of creating a stable world market for colored gemstones, polishing their image in the way that Anglo American’s De Beers has championed diamonds from London‘s Bond Street to China. London-listed Gemfields gets about …

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