Zambian Mining News The Premium Source of Information on The Zambian Mining Industry

PRESSURE on the kwacha to decline will likely be limited this week as companies convert their dollars to meet tax obligations, market watchers said. The kwacha has come under pressure against major convertibles like the US dollar, declining to a record low last due to a shortage of dollars. The …

LOW copper output at its Zambian unit Konkola Copper Mines (KCM) in Chingola has cost Vedanta Resources an 8.5 per cent drop in annual copper earnings on the global market. According to the global miner’s latest preliminary market report released this weekend, KCM recorded a slump of 19.2 per cent …

THE Australian owned mining conglomerate Blackthorn Resources, this year intends to commence a Definitive Feasibility Study (DFS) on the Kitumba copper project located in Mumbwa, Central Province. Blackthorn Resources chief executive officer Mark Mitchell said in a statement that the company will fund the DFS, with focus on priority exploration …

MOPANI Copper Mines in Mufulira has increased copper production by 2,500 tonnes in the first quarter of 2014 highlighting a growth rate of 10 per cent, a quarterly report has disclosed. Mopani, a subsidiary of Swiss owned conglomerate Glencore Xstrata, produced 27,700 tonnes of copper in the first quarter of …

THE Australian owned mining conglomerate Blackthorn Resources, this year intends to commence a Definitive Feasibility Study (DFS) on the Kitumba copper project located in Mumbwa, Central Province. Blackthorn Resources chief executive officer Mark Mitchell said in a statement that the company will fund the DFS, with focus on priority exploration …