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Mozambique in talks with coal mining companies over depressed market

Mozambique, one of Africa’s fastest emerging mining frontiers is dialoguing with its foreign coal mining partners’ to find ways of helping them ride out depressed markets following a free-fall of the price of the heating commodity, says its mineral resources minister, Esperance Bias. The price for thermal coal has plunged more than …

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Chamber of mines calls for ‘attractive policies’ to spur mining

Zambia, one of Africa’s leading copper producers should initiate reliable and predictable policies to attract direct foreign investment into the mining and copper industry, the chamber of mines says. Chamber of Mines of Zambia, a consortium of foreign mining companies operating in Zambia says Zambia is still very competitive as …

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President Mutharika sees mining as Malawi’s economic option

Malawi President, Arthur Peter Mutharika seeks to transform the country-chiefly reputed as an agricultural – driven economy- into a mining frontier to assist accelerate its growth. With barely 60 days in office, having ascended to power on the Democratic Progressive Party (DPP) ticket in the country’s first tripartite elections, Mutharika looks poised …

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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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