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

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group’s 10 per cent stake in a giant Mozambique gas field for $ 2.475 billion, according to the company statement released yesterday. OVL, the overseas arm of the Indian state-run explorer Oil & Natural Gas …

Copper Prices rebound on LME Copper prices on the international metal market have continued to rise, allaying fears from Zambian mining players that the downward trend was a cost on their prospects to make real returns on their investment. The three-month copper price on the London Metal Exchange (LME) went …

Construction of the Mokambo underground copper mine in Mufulira, a unit of China’s Changfa Resources Limited is expected to start in August this year with an initial investment of about US$500 million, the company says.  During recent geological studies undertaken in Mufulira, the company established vast deposits of copper in …

The peace and tranquility that has characterized the Lufwanyama district, the home of precious stones in Zambia, may soon change with the local people now demanding for royalties from investors in the gemstone industry. The Lamba and Lima tribes, who live in the gemstone-prone area, have resolved that all investors …

MAAMBA coal mine limited plans to commission the 150 megawatt thermal power plant before the end of this year at a cost of US$750 million, the company said. According to Maamba Collieries, 65-percent majority owned by Singapore’s Nava Bharat Pvt, the collier is expected to spend US$750 million over the …