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FQM projects increased copper production

FIRST Quantum Minerals Limited is expected to ramp up its copper production to 700,000 metric tonnes per annum by 2015 with the completion of Sentinel Mine and increase output arising from the expansions at Kansanshi mine. And First Quantum Mineral head of public relations Godfrey Msiska said once Kalumbila Mine …

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Gemfields sees fall in auction revenue

GEMFIELDS Plc estimates a 46 per cent fall in full-year auction revenue after it delayed its rough emeralds auction by a month following a directive by the Zambian government. The government issued a directive in April that all auctioning of emeralds mined in the country be held in Zambia as …

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Tanzania revises up coal reserves to as much as 5bn tonnes

Tanzania has coal reserves of up to five-billion tonnes, more than thrice its previously stated figure of about 1.5-billion tonnes, Energy and Minerals Minister Sospeter Muhongo said on Wednesday. Tanzania produces coal from two mines mainly for domestic use, such as power generation. It has plans to increase its coal-fired …

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Gemfields warns of possible Zambia ban on overseas gemstone auctions

Aim-listed gemstone miner Gemfields has warned shareholders of a possible ban by the Zambian government on the sale of domestically mined gemstones outside of the country, which would severely impact on the company’s revenue. If instituted, the measures would prevent the company from freely selling its gemstones in the markets …

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Botswana advised to turn focus to power generation not exports

JOHANNESBURG  – Given Botswana’s vast coal reserves, which were estimated at 200-billion tons, the country’s coal mining industry should seek to encourage investment and drive expansion in power generation, rather than ramping up its thermal coal exports over the next few years, research firm Frost & Sullivan mining, manufacturing and …

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