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ZCCM seeks to diversify assets as it reports 2015 loss

By: Ilan Solomons     29th April 2016 Zambian investments holding group ZCCM reported a full year loss after tax of K987-million for the year ended March 31, 2015. At the company level the loss was K639-million in 2015, which was a significant reversal from the profit of K893-million it made in 2014. 

COPPER CONVOLUTION

By: Martin Creamer     1st April 2016 This scale model shows the web of underground tunnels that provide access to copper ore at the Nchanga copper mine in Chingola, Zambia. The operation forms part of Konkola, a unit of the London-listed Vedanta Resources. Konkola mines collectively produce two-million tonnes of copper ore a year... 

Zambian copper mine signs mine-support supply contract

By: David Oliveira     12th September 2014 South Africa-based Mine Support Products (MSP) in July signed a 12-month supply contract with mining companies Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) and China Nonferrous Metals Company’s Luanshya Copper Mines (LCM) for the supply of MSP’s Rocbolt device. The Rocbolt is a... 

Vale’s African production rises, Rio Tinto sells Mozambique assets

By: Keith Campbell     8th August 2014 Brazilian mining major Vale has reported a stronger performance by its Moatize coal operation in Mozambique during the second quarter of this year (2Q14) in comparison to the first quarter (1Q14). Vale’s Carborough Downs coal operation in Australia also showed better performance, taking the... 

Vedanta declares $196m attributable loss, to focus on Zambia play

By: Leandi Kolver     15th May 2014 London-listed Vedanta Resources on Thursday reported a $196-million attributable loss for the year ended March 31, as opposed to a profit of $162-million during the prior year. The company’s operating profit before special items also declined by 11% from $2.57-billion to $2.29-billion, with basic... 

Production-monitoring products to be showcased at expo

By: Pimani Baloyi     2nd May 2014 South Africa-founded and -based electronics and software solutions manufacturer Accutrak will exhibit its latest mobile-enabled software that allows mine production managers to trace real-time production volumes on a smartphone mobile device at this year’s West African Mining and Power Exhibition... 

Accutrak Prepares for its First Showing at WAMPEX

     17th March 2014 Accutrak makes its first appearance at the West African Mining and Power Exhibition this year. The electronics and software company designs, develops and supplies unique production optimisation systems for tracking and weighing in the mining environment. WAMPEX 2014 takes place from 28 to 30 May... 

Feasibility study to be completed by year-end

     13th September 2013 South Africa-based mining company African Rainbow Minerals (ARM) Copper in conjuction with its joint venture (JV) partner diversified mining corporation Vale, is planning to complete a feasibility study on the second phase of the Lubambe Copper mine, in Zambia, by the end of this year. 

New polyurethane formulation to improve slurry-pumping capability

By: Ilan Solomons     14th June 2013 Polyurethane product manufacturer Urethane Moulded Products (UMP) is working closely with the mining industry to create abrasion-resistant polyurethane body liners and impellors for slurry pumps, which will extend the pumps’ product life, UMP CEO Trevor Carolin tells Mining Weekly. In 2011, UMP... 

SA must instil new confidence in global investors – Motsepe 

By: Martin Creamer     26th February 2013 South Africa would benefit greatly if it succeeded in instilling new confidence in the global investment community, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Tuesday. Answering questions after the JSE-listed ARM presented a 30% fall in headline earnings to... 

African Rainbow Minerals half-year earnings down 30%

By: Martin Creamer     26th February 2013 The headline earnings of the South African diversified mining company African Rainbow Minerals (ARM) fell 30% in the six months to December 31. The earnings of R1.41-billion for the second half of 2012 compared with R2-billion in the first half of 2012.  

Zest WEG completes R200m Zambia electrical equipment contract

By: Nomvelo Buthelezi     18th January 2013 The Zest WEG Group, including its group companies EnI Electrical and Shaw Controls, has successfully completed an extensive contract, worth about R200-million, at Lubambe Copper Zambia’s Konkola North Project, which is located near the town of Chililabombwe. 

World copper refining fees set to rise in 2013 -Aurubis

By: Henry Lazenby     21st December 2012 Global copper ore treatment and refining charges (TC/RCs) for annual contracts are likely to rise in 2013 but talks about new year deals are making slow progress, Europe's biggest copper smelter Aurubis said on Friday. "The various TC/RC targets of smelters and mines are moving within a range of... 

Company Announcement: Zest WEG Group Completes Extensive Contract at Konkola North

     3rd December 2012 The Zest WEG Group, including EnI Electrical and Shaw Controls, has successfully completed an extensive contract, worth in excess of R200-million, at Lubambe Copper Zambia’s Konkola North Project 

Logistical limitations compel Vale to slow down production ramp-up at Vale’s Mozambique coal mine

By: Keith Campbell     26th October 2012 Brazilian diversified mining major Vale has reported that it had to decelerate the production ramp-up at its Moatize coal mine, in Tete province, Mozambique, during the third quarter of this year due to “logistical limitations”. The problem is that the refurbishment of the Sena railway to the... 

ARM squeezes out 2% earnings rise as nickel, chrome take battering

By: Martin Creamer     3rd September 2012 JSE-listed black-controlled diversified mining company African Rainbow Minerals (ARM) squeezed out a 2% increase in headline earnings after being battered by falling nickel, chrome and platinum prices. The contribution to headline earnings by nickel and chrome plummeted 179% and platinum-group... 

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