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

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 …

KONKOLA Copper Mines and Zambia Railways have signed a memorandum of understanding which will see the railway company transporting lime from Ndola to the mine in Chingola. The MoU is expected to culminate into a long- term agreement, which would enable Zambia Railways to transport KCM’s copper anodes from Chingola …

A JOINT venture company where Copperbelt Energy Corporation ( CEC) has 50 per cent shareholding has acquired 60 per cent interest in the Abuja Electricity Distribution Company that supplies power to over 10 million people in Nigeria. KANN Utility Limited is a joint venture company between CEC Plc and XerXes …