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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 …

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 …

In a continued effort to stay abreast of new technology in geotechnical investigations and exploration drilling, Geomechanics recently took delivery of its new R7million, track mounted Sonic 450-24 drill rig.   Sonic Drilling offers many advantages over conventional rotary core and percussion drilling techniques in overburden ground conditions: It delivers …

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 …

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 …