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KAGEM STARTS $2m COMMUNITY PROGRAMME IN LUFWANYAMA

A US$2 million (K12 million) program of community work by Lufwanyama-based emerald producer Kagem Mining has been launched in the district. Acting President Guy Scott officially launched the program yesterday with a ground-breaking ceremony for a new secondary school at Chapula and upgrade of Nkana Health Centre in the area. Dr. …

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Zambia opens talks with mining companies

The Zambian Government has opened talks with mining companies over the controversial mineral royalty tax, on the eve of the Barrick Gold Corporation embarking on the process to suspend operations at Lumwana mine in Solwezi. However, acting president Guy Scott has maintained Zambia will not be intimidated by some mining …

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ZCI offers an additional loan facility pact

African Copper Plc’s ZCI Limited, has entered into an additional loan facility of $2.5 million to be provided to its subsidiary, Copperbelt Development Foundation (CDF), according to African Mining.com ZCI entered into the additional agreement to provide CDF with further working capital for the Mowana Mine facilities. The facility will …

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Eastern Platinum, Hebei Zhongbo seal acquisition deal

Eastern Platinum Limited says it has concluded an agreement with Hebei Zhongbo Platinum Company Limited to buy Eastern Platinum’s entire South African platinum group metal business. According to African Mining.com, the acquisition is for a total consideration of $225 million in cash. The acquisition will include all major interests held …

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Kalumbila miners protest over funeral grant

Operations at Kalumbila Mine in Solwezi, Zambia’s newest copper mine, have been paralysed following a protest by workers over a funeral grant for their deceased colleague. The protest was reportedly sparked by First Quantum Minerals (FQM) refusal to award a funeral grant for the deceased worker at the mine which …

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