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CEC acquires 60% shares in Nigerian energy company

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 …

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MCM invests US27m in upgrading its cobalt plant

MOPANI Copper Mines yesterday unveiled a US$27 million (KR142 million) project for upgrading its cobalt plant aimed at securing more than 300 jobs. According to a press release made available yesterday, Mopani Copper Mines chief executive officer Danny Callow stated that the project was critical to Zambia’s economy as the …

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BSI re-certifies Mopani

THE British Standards Institute (BSI) has re-certified Mopani Copper Mines for operating in compliance with the international quality management system standard. In a statement released yesterday, Mopani Copper Mines chief executive officer Danny Callow stated that the recertification followed a successful quality management system audit which took place in December …

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Zambia hikes mine licence fees to global levels

Zambia has managed to increase the cost of its mining licences in order to bring them in line with other countries, stated Minister of Mines, Energy and Water Development, Yamfwa Mukanga. The fees for large-scale mining and change of control licences has been increased to 28 800 kwacha from 1 …

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Govt takes over Collum Mine

The government has cancelled Collum Coal Mining’s licences and immediately taken over operations of the troubled and dangerous underground mine situated in Sinazeze district. Mines minister Yamfwa Mukanga said the mine, which is a hotbed for acrimonious relationships between local labourers and their Chinese masters, would be run by ZCCMInvestment …

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