More News

DRC releases Zambian ‘miners’

EIGHT Zambians that were arrested and prosecuted by authorities in Congo DR for illegal mining activities have been brought back into the country. EIGHT Zambians that were arrested and prosecuted by authorities in Congo DR for illegal mining activities have been brought back into the country. Mkushi district commissioner Christopher …

Read More »

Zambian Kwacha Expected to Weaken

The kwacha is expected to soften next week due to a strengthening of the dollar against other currencies and its long-term prospects are bleak given waning offshore investor interest in Zambian assets. Commercial banks quoted the currency of Africa’s top copper producer at 5.380 to the dollar on Thursday, down …

Read More »

First Quantum profit surges on higher copper, gold sales

First Quantum Minerals Ltd, which is engaged in a hostile takeover bid for rival base metal miner Inmet Mining Corp, reported a 146 percent jump in quarterly profit, helped by higher copper and gold sales. Net earnings attributable to shareholders rose to $186.7 million, or 39 cents per share, in …

Read More »

Zambia, Congo, Tanzania railways sign deal to free up traffic

LUSAKA – The national railways of Zambia, Democratic Republic of Congo and Tanzania have signed an agreement to make it easier to transport goods such as copper by rail between the countries, an official said on Monday. Until now, railway traffic has often been held up by paperwork and procedures …

Read More »