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Kenmare forced to cut employees at Moma to save costs

Despite injecting major time and effort into reducing its unit costs to conserve cash at its Moma minerals sands project in Mozambique, and achieving some success, LSE/ISE-listed minerals sands miner Kenmare Resource has declared its actions to date insufficient. According to the company, it needs to cut costs in order …

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Gold mines in Ghana to be sold over power problems

Some gold mines in Ghana are about to be closed mainly due to power shortages that interfere with operations. The Chamber of Mines in Ghana has declined to name the mining companies. The Chamber has continuously called for lower taxes on diesel but the government wasn’t fast enough to provide for a solution …

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PRESIDENT LUNGU CHALLENGED OVER MINES BENEFITS

By Potipher Tembo SOON after being elected, Zambia’s sixth president, Edgar Lungu has been challenged by citizens living in mine areas to pay more attention to their problems. Those who talked complained that for a long time now, they had not benefited from the mineral wealth. They said now that …

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‘Squeezed’ mining sector needs urgent solutions

Mining is being squeezed between low commodity prices and rising expectations from government and civil society, but is still struggling to find practical strategies out of this predicament, according to SRK Consulting (SA) chairperson and corporate consultant Roger Dixon. Commenting from the African Mining Indaba held in Cape Town recently, …

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ZESCO has a new boss

ZESCO’S performance has been poor, energy minister Christopher Yaluma said yesterday after announcing the appointment of Victor Mundende as Zesco’s new managing director. Mundende has replaced Cyprian Chitundu, whom Yaluma said would be redeployed in the Ministry of Energy. The changes at Zesco management comes barely two days after Yaluma …

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