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CEC sues KCM over US$30 million power debt

Copperbelt Energy Corporation, Zambia’s supplier of electricity to mining companies on the Copperbelt has dragged Konkola Copper Mines to court over a US$30 million debt it is owed based on an internal agreement, the Post reported. Citing an affidavit filed before the Lusaka High Court, CEC wants KCM, a unit …

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African Union praises Zambia’s ‘economic gains’

The African Union has noted Zambia’s resilience to improve its growth prospects and has attributed the good investment environment in the country to the Government’s good management of the economy and the prevailing peace. Ambassador Jean-Baptiste Natama, Chief of Staff of the Bureau of the Chairperson of the African Union …

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Zambia’s Copper concentrate export ‘ban’ still in force

Zambia’s ban on exports of copper concentrate to foreign – based smelters remains in force because the country has enough capacity to process the raw material, says mines minister Christopher Yaluma. Last year, a debate ensued as to whether foreign mining companies operating in Zambia should continue exporting copper concentrates …

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