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Gemfields’ ‘emerald’ profits up 137 percent, says report

Revenue for the world’s largest emerald producer, Gemfields Limited Plc., rose 137 percent during the last six months ending December last year, compared to a similar period a year earlier. The rise in revenue spurred by its new advertising campaign image entitled ‘The Art of Colour’ unveiled, has boosted the …

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Lumwana Mine not processing Uranium yet, says Minister

The uranium being extracted at Lumwana mine in Zambia as a by-product of copper ore, is merely being stockpiled and not processed, says Mines and energy minister Christopher Yaluma.  Yaluma told lawmakers on February 25 that although there were stockpiles of the uranium product at the mine in north western …

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ZCCM-IH in K275 fillip for gemstones value addition, President Sata

Government seeks to enhance the growth of the extractive industry by taking bold decisions that will benefit the Zambian people from the country’s mineral wealth as adopted by the Government when it ascended to power in 2011. President Michael Sata noted that although there have been some pockets of ‘resistance …

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First Quantum laments low smelting capacity in Zambia as weir Minerals Africa joins other engineers at Kalubila-Trident site

First Quantum Minerals Limited has lamented the constrained copper smelting capacity in Zambia which has negatively affected the company’s annual profits recorded at its Kansanshi unit in Solwezi, north western province, a company official says.  Chief executive officer and Chairperson Phillip Pascall said inadequate smelting capacity forced a build-up in …

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