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FQML ‘staggers’ US$1 billion capital outlay for Zambia

Uncertainty in fiscal regime coupled with bureaucracy have forced Toronto listed and leading copper and gold miner, First Quantum Minerals to ‘hold on’ to its planned US$1 billion capital outlay to Zambia. While there has been remarkable investment at its flagship and US$2 billion Trident Kalumbila mine in Solwezi in …

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Glencore Xstrata ‘flagship’ shaft set for 2016

Part of the shaft being sunk Swiss-based commodity trader, Glencore Xstrata’s planned commissioning of the US$323 million synclinorium shaft at its Nkana operations in Kitwe is earmarked for next year as it seeks to boost production. Mopani Copper Mine, Zambia’s second leading producer of copper and cobalt seeks to increase …

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Master Power’s R&D Department Stresses Innovation

South African electricity supplier, Eskom recently announced intentions to reintroduce load shedding as South Africa is experiencing winter. The detrimental factors to this course of action are obvious, including the disruption of business and income generating activities. Therefore, continuous power management solutions are essential. Master Power Technologies, with operations in South Africa …

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Trident Kalumbila mine project on course

Work on $2 billion Kalumbila minerals, a subsidiary of Toronto listed miner, First Quantum Minerals Limited, situated in Solwezi, is progressing well with the miner seeking to connect to the national grid by December this year. The mine, lying 140 kilometres west of Solwezi, which will embrace a US$680 million …

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