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Zambia considers simpler tax for miners as VAT row simmers – source

By: Reuters Zambia could simplify its fiscal regime for mining companies by scrapping corporate tax for the sector next year, a government source said on Friday, a move that comes against the background of a simmering dispute over value-added tax (VAT). Instead of corporate tax, regarded as hard to... 

Zambia's Copperbelt Energy restores power to Konkola mines

By: Reuters Zambian electricity supplier Copperbelt Energy Corp has restored power supply to Konkola Copper Mines (KCM), it said on Friday, ending a week-long supply restriction stemming from a dispute over an unpaid bill. "It is our hope that in response to this show of good faith, KCM will pay all its... 

Vedanta's Zambia unit halts underground work due to reduced power

By: Reuters Zambia's Konkola Copper Mines (KCM) has suspended underground work at its Nchanga mine due to flooding caused by reduced electricity supply stemming from a dispute with Copperbelt Energy Corp (CEC). Copperbelt Energy restricted power to the mine on Saturday over an unpaid electricity bill,... 

Zambia Vedanta unit loses 482 t of copper due to reduced power

By: Reuters Zambia's Konkola Copper Mines (KCM) has lost 482 t of copper output worth $3.3-million after Copperbelt Energy Corp started restricting its power supply, it said on Tuesday. KCM, owned by Britain's Vedanta Resources, was forced to shut down its Nchanga concentrator on Saturday after Copperbelt... 

Zambia power firm restricts power supply to Vedanta unit

By: Reuters Zambia's Copperbelt Energy Corporation, has cut down power supply to the Konkola Copper Mines (KCM) owned by London-listed Vedanta Resources after a dispute over electricity bills, the mining company said on Sunday. Konkola last week lost a court application to stop Copperbelt Energy, one of the... 

Zambian Minister commissions mining equipment

Zambian Minister of Agriculture and Livestock Wylbur Simuusa visited Konkola Copper Mines (KCM) in his capacity as Nchanga Member of Parliament last month to familiarise himself with the company’s operations. Speaking after commissioning of new equipment at the Chingola Open Pits (COP) F&D, which... 

Copper mine invests in community programmes

Copper mining and metals company Konkola Copper Mines (KCM), in Zambia, restocked its Mushishima stream, in Chingola, with 50 000 fingerlings and launched a tree-planting programme at the Chingola Prison and selected local schools, in June. 

Refractory lining to be completed in June next year

By: Zandile Mavuso Mineral processing and mining services company Dickinson Group has been contracted to complete the refractory lining of all the smelting units at Toronto-listed company First Quantum Minerals’ (FQM’s) Kansanshi mine, in Zambia.  

Empowered company acquires 26% of reagent chemicals trader ChemQuest

By: Leandi Kolver Broad-based black economic-empowerment (BBBEE) company Dziviri Potash, which is jointly owned by industrials investment companies Arkein International, Leruo MMVM Investment Holdings and Prograce Investments, acquired 26% of South African reagent chemicals trader ChemQuest earlier this month.... 

Zambia wants Vedanta's KCM to reduce planned layoffs

By: Reuters Zambia has told Konkola Copper Mines, owned by London-listed Vedanta Resources, and the country's mining unions to work together and find ways of mitigating proposed jobs cuts. KCM said last week it will cut 2 000 jobs in Zambia to restore profits. 

Zambia's Konkola says smelter to remain shut for one month

By: Reuters Zambia's Konkola Copper Mines, owned by London-listed Vedanta Resources, said on Tuesday that its Nchanga smelter will remain shut for one month. Konkola last week closed the smelter as a result of a metal leak through the wall of a furnace. 

Railway contractor undertakes various underground projects

By: Chantelle Kotze Railway and civil engineering contractor Flint Construction, a division of the First Tech group of companies, aims to complete the refurbishment of the existing railway infrastructure at 7 Level of junior platinum miner Atlatsa Resources’ Bokoni platinum mine, located on the north-eastern limb of... 

Economic recovery gaining momentum

By: Zandile Mavuso Following the recovery of copper mining in Zambia in the past decade, the country has redeemed its economy. 

Seychelles-registered group clinches Konkola underground development contract

By: Creamer Media Reporter Seychelles-registered mining contracting company Group R Mining & Exploration has been awarded a five-year contract for decline and ancillary underground development at Vedanta’s Konkola copper mine, at Chililabombwe, in Zambia.  

Zambia’s position as Africa’s top copper producer to be consolidated

By: Chantelle Kotze Large-scale copper and nickel development projects in Zambia are expected to consolidate the country’s status as Africa's largest copper producer, and will increase sub-Saharan Africa’s copper production from 1.2-million tons in 2011 to 1.7-million tons by 2015. 

South African consultancy assisting mining industry in Cameroon

By: Leandi Kolver Mining engineering consultancy SRK Consulting is currently advising the government of Cameroon on developing a minerals and mining industry in the country, chairperson Roger Dixon tells Mining Weekly. 

Increased need for equipment as mining operations evolve

By: Reggie Sikhakhane The global need for headgears, shaft equipment and related expertise is growing at a significant rate as openpit mines adopt underground mining methods to exploit finely disseminated or deep ore deposits.  

Mining specialist awarded supply and installation contract for Zambian operation

By: Nomvelo Buthelezi Mine wide communications, automation and safety solutions specialist Becker Mining Systems, part of the Becker group of companies, has been awarded a contract for the supply and installation of a high-speed data signalling, automation and communication system at the Konkola copper mine (KCM), in... 

Zambia Vedanta unit miners call-off planned protest

By: Reuters Miners at Zambia's Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources called off a planned demonstration over the outsourcing of labour by the company which agreed to halt the programme. Workers at KCM, the second largest mining company by output in Zambia, Africa's largest... 

Vedanta reports record Q3 production

By: Chanel de Bruyn Diversified-miner Vedanta Resources achieved record output volumes of zinc, lead, aluminium and iron-ore in the third quarter of its 2010 financial year. The London-listed company reported to shareholders on Wednesday that its iron-ore output reached a record 5,4-million tons in the three months... 

SA contract miner clinches Zambia deal

By: Talent Ngandwe Zambia’s largest copper producer, Konkola Copper Mines (KCM), has engaged South African mining contractor Moolmans to undertake mining operations at its Chingola openpit A. 

Five-year concentrate agreement finalised

International mining company Equinox Minerals reports that its wholly owned subsidiary, the Lumwana Mining Company (LMC) has signed a five-year concentrate offtake agreement with Konkola Copper Mines (KCM). 

Zambia’s Lumwana Mining inks five-year concentrate offtake deal

By: Jonathan Faurie Zambian copper mining company Lumwana Mining Company (LMC), part of the Equinox group, has signed a five year concentrate offtake beneficiation agreement with Konkola Copper Mines (KCM). The deal is for between 70 000 t/y and 80 000 t/y of concentrates from the Lumwana mine with an option by... 

Zambian, DRC firms in electricity interconnector deal

By: Talent Ngandwe Copperbelt Energy Corporation (CEC), the sole distributor of electricity to the major mines in Zambia, will this year embark on the construction of a double-circuit 220-kV interconnector between the country and the Democratic Republic of Congo (DRC), at a cost of $14-million.  

Three firms shortlisted for Maamba colliery partial privatisation

By: Talent Ngandwe Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) has prequalified three companies out of the dozens vying for a stake in its wholly owned Maamba, the country’s largest coal producer. 

Zambian antitrust regulator delays Vedanta transaction - ZCI

By: Liezel Hill Indian miner Vedanta's acquisition of the 28,4% of Konkola Copper Mines (KCM) shares held by JSE-listed Zambia Copper Investments (ZCI) has been delayed, after the Zambian Competition Commission said that it would exercise jurisdiction over the transaction, ZCI reported on Thursday. The... 

Konkola: 28,4% is worth R213,5m, says bank

By: Creamer Media Reporter JSE-listed Zambia Copper Investment's (ZCI's) 28,4% interest in Konkola Copper Mines (KCM) in Zambia is worth $213,15-million, an independent investment bank calculates.  

ZCI receives independent valuation, says KCM stake worth $213,5m

JSE-listed Zambia Copper Investment (ZCI) said on Thursday that it had received the independent investment bank’s valuation of its 28,4% stake in Konkola Copper Mines (KCM), and that this investment was worth $213,15-million.  

ZCI still hopeful of Konkola stake valuation in January

By: Matthew Hill JSE-listed Zambia Copper Investments (ZCI) said on Wednesday that, while it still expects to receive the independent valuation of its 28,4% stake in Konkola Copper Mines (KCM) by mid-January, there might yet be further delays. 

ZCI and Vedanta Resources move towards next milestone in KCM dispute resolution

By: Olivia Soraya Spadavecchia JSE-listed copper and cobalt Zambia Copper Investments (ZCI) and Vedanta Resources expect to finalise the independent investment bank`s terms of engagement in the next seven days. 

ZCI finalises terms of engagement for KCM stake valuation

By: Matthew Hill JSE-listed miner Zambia Copper Investments (ZCI) said on Wednesday that it had now finalised the independent investment bank's terms of engagement regarding the valuation of its stake in Konkola Copper Mines (KCM). 

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