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

COPPER prices rebounded last week after latest data in the United States showed demand for the metal could be boosted. Copper for delivery in three months rose as much as 0.6 per cent to US$ 7,738 a metric tonne on the London Metal Exchange and was at US$ 7,725.25 on …

OPERATIONS at Collum Coal Mine which government recently seized have grounded to a halt, chief Sinanzongwe confirmed yesterday. ZCCM are already at the site [ but nothing is happing]. I went to the site to go and see… [ and found that] the mine is not in operation,” chief Sinanzongwe …

FIRST Quantum Minerals ( FQM) has pledged to cooperate with the Zambian government following the suspension of its surface rights at the Kalumbila mining project. Recently, lands minister Wilbur Simuusa announced the cancellation of FQM’s surface rights which intended to build an ultra- modern housing complex for workers. The government …

A LOCAL development analyst has challenged the government to disclose the details of the investment protection deal it recently signed with Canada. Canada, home of the largest mining investors in Zambia, last week moved in to secure its investments in Zambia with the signing of a foreign investment promotion and …

Gemfields H1 earnings slump to $19.5m on fewer auctions   Aim-listed gemstone miner Gemfields on Monday reported earnings before interest, taxes, depreciation and amortisation of $19.54-million for the half-year ended December 31, 2012. This was down from the $32.44-million posted for the comparative 2011 period. Gemfields’ after-tax net profit also dropped from its …