R/€ = 16.73 Change: 0.06
R/$ = 14.45 Change: 0.06
Au 1228.43 $/oz Change: 10.12
Pt 843.50 $/oz Change: 3.78


Greater emphasis on safety at Konkola

By: Paige Müller     14th September 2018 Diversified miner Vedanta Resources is strengthening its focus on safe production at its subsidiary Zambia-based integrated copper producer Konkola Copper Mines (KCM) through the implementation of its Safety Stand Down campaign. Vedanta’s campaign was launched by KCM CEO Deshnee Naidoo in July to... 

Anil Agarwal faces shareholder resistance to $1bn Vedanta bid

By: Reuters     4th July 2018 Billionaire Anil Agarwal faces investor resistance to his $1-billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were... 

Konkola CEO to head up new antimony and gold plant in Oman

By: Creamer Media Reporter      18th May 2018 The CEO of Vedanta-controlled Konkola Copper Mines, Steven Din, will join Strategic and Precious Metals Processing (SPMP) as CEO on August 1. He will lead SPMP’s new Oman antimony and gold processing facility, which is coming into production. 

Vedanta chairperson outlines KCM long term growth plan

18th May 2018 Employees of natural resources company Vedanta Resources subsidiary copper mining and smelting company Konkola Copper Mines (KCM) should feel secure and understand that the company cares for them as it rolls out its ‘Path to Growth’ to boost copper production, states Vedanta Resources chairperson... 

Vedanta appoints Deshnee Naidoo as Africa Base Metals CEO

By: Simone Liedtke     16th May 2018 Deshnee Naidoo has been appointed as CEO of Vedanta Resources’ Africa Base Metals, an entity through which its zinc and copper assets in South Africa, Zambia and Namibia will be managed. Naidoo’s appointment signals Vedanta group’s ongoing commitment to enhancing its African operations and is... 

Vedanta's KCM disputes $18m Zambia tax bill – industry source

By: Reuters     9th May 2018 Vedanta Resources' Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18-million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday. Zambia's revenue authority concluded audits of mining companies that... 

Vedanta chairperson upbeat on Zambia’s growth prospects

By: Simone Liedtke     12th April 2018 Vedanta Resources chairperson Anil Agarwal on Thursday shared his views on a path to growth for subsidiary Konkola Copper Mines (KCM). He expressed confidence in what he sees as the start of an “African economic resurgence driven by various metals”. 

Zambian mining sector edging closer to ‘zero harm’

By: Nadine James     17th November 2017 The atmosphere at the Zambian mining industry’s third annual Health and Safety Conference, held in Ndola on November 2 and 3, was particularly positive as, at the time, the industry was firmly on course for a fatality-free year, the Zambia Chamber of Mines (ZCM) reports. This was significant, as... 

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

Solutions provider helping Zambia tackle mining challenges

By: Simone Liedtke     15th September 2017 The mining and mineral processing sectors present some of the most challenging production environments, as the large-scale operations are often located in harsh, remote areas, explains technical solutions provider BMG.  

Conflicting Perceptions

By: Ilan Solomons     4th August 2017 There exists a clear sense of optimism in Zambia’s government circles about the future of the mining industry, particularly regarding the stability of the regulatory and fiscal regime, a stronger copper price and increased production, which the government projects will reach 850 000 in 2017 from... 

Zambian copper mines urged to ‘grasp the opportunity’ as price enjoys strongest, most sustained rally

By: Ilan Solomons     4th August 2017 With the copper price hovering at around $6 000/t, the red metal is enjoying its strongest and most sustained price rally since the depths of the global commodity slump in January 2015, when it was languishing at around $4 300/t owing to slower Chinese demand, notes the Zambia Chamber of Mines... 

Vedanta’s KCM UK Court of Appeal hearing starts next week

By: Natasha Odendaal     29th June 2017 Global mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines’ (KCM’s) UK court appeal against a decision in favour of 1 826 Zambian villagers is set to get under way next week. High Court Judge Justice Coulson last year ruled that English courts had jurisdiction to hear... 

Vedanta seeks to quadruple Zambia copper output over three years

By: Bloomberg     26th June 2017 Vedanta Resources plans to quadruple its Zambian copper output over the next three years, the local unit’s chief executive officer said, signaling a more ambitious expansion in Africa’s second-biggest producer of the metal. Most of the increase will come from Konkola Copper Mines’ flagship... 

Growth in Zambian Copperbelt to average 5.5%/y to 2021

By: Nica Schreuder     2nd June 2017 Zambia is expected remain an attractive foreign investment, with copper prices recovering in 2017, owing to a reduced global supply. Research firm BMI Research is predicting growth of 5.5% a year in the mining sector, most notably the Copperbelt region, from 2017 and 2021. The report expects... 

Current players on Zambian Copperbelt to draw further investors

By: Nica Schreuder     2nd June 2017 Investments from strong mining companies create the possibility of attracting more foreign investment to the Zambian Copperbelt region, stresses research firm BMI Research, adding that these companies’ investments are paving the way for solidifying Zambian economic stability, subsequently... 

Zambian mine in first-of-a-kind tailings dump site rehab, hopes to eventually produce biodiesel

By: Mia Breytenbach     21st April 2017 Zambia’s largest integrated copper producer, Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources, has launched the first project of its kind in Zambia to rehabilitate a mining site. The project, launched earlier this month, aims to cultivate elite Pongamia Pinnata trees for... 

Zambia dumps copper concentrate import tariff

By: Ilan Solomons     24th February 2017 The Zambia Chamber of Mines (ZCM) has welcomed the removal of 7.5% import duty on copper concentrates following a recent statement by Finance Minister Felix Mutati. This was preceded by months of mining companies voicing concern about the impact that the imposition of the duty would have on the... 

Leigh Day lawyer arrested in Zambia

By: Anine Kilian     12th January 2017 A lawyer at international law firm Leigh Day, Oliver Holland, was arrested in Zambia while meeting communities who are bringing claims against diversified global natural resources group Vedanta Resources and its subsidiary Konkola Copper Mines (KCM). The law firm is representing local communities... 

Equipment supplier positioning itself for turnaround in Zambia

By: Robyn Wilkinson     9th September 2016 Mining solutions manufacturer Joy Global is positioning its business, through a partnership with Chingola-based company Lusanga Technical Services, to support and drive mining production in Zambia when the commodities price downturn comes to an end. 

Event attracts high-level delegates

9th September 2016 This year’s Copperbelt Mining Trade Expo and Conference (CBM-Tec) was a great success, attracting over 2 090 attendees, 74% of which make or influence purchasing decisions at their companies, reports event organiser Specialised Exhibition Montgomery and Spintelligent. The event, which was held in... 

Claim against Vedanta, KCM given the green light to proceed in court

By: Samantha Herbst     27th May 2016 A legal claim on behalf of 1 826 Zambian villagers against global diversified metals and mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines (KCM) has been given the go-ahead by a High Court judge to proceed in the UK courts. The ruling, handed down on Friday, follows... 

Working to stay ahead of competitors

By: Kimberley Smuts     27th May 2016 Crane and hoist manufacturer Condra intends to focus on continuing to supply high-quality, robust and reliable products and lowering the overall lifetime maintenance costs of these products to foster a sustainable competitive advantage while mitigating the major challenges currently faced by the... 

Company to exhibit highly resilient pipe at Copperbelt expo

29th April 2016 Two trading arms of complete pipeline solutions provider Rare, Rare Plastics and Rare Pipeline Services (which incorporates Rare Construction Zambia), will be exhibiting at this year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC) from May 12 to 13. Rare will be showcasing their new Rare... 

Leigh Day, Vedanta to argue jurisdiction of class action

By: Creamer Media Reporter      11th April 2016 UK-headquartered Vedanta Resources, its Zambian subsidiary Konkola Copper Mines (KCM) and law firm Leigh Day were set to argue the jurisdiction of an upcoming legal battle between the miner and villagers living near KCM’s operations over alleged pollution in the areas surrounding KCM in Zambia.... 

Vedanta rephases capex at Gamsberg as part of cost-cutting measures

By: Kim Cloete     9th February 2016 In light of tumbling commodity prices, global diversified metals and mining company Vedanta Resources has had to restructure costs across all of its businesses, including South Africa-based Gamsberg zinc project .  Vedanta Resources CEO Tom Albanese told delegates at the Investing in African... 

Zambian chamber to push for strategic consensus as copper price rout throws country into crisis

By: Ilan Solomons     29th January 2016 Reeling from the worst crisis it has faced this century and losing millions of dollars a month in a depressed copper-price environment, the Zambian mining industry is to push for a long-term strategic consensus to promote the growth not just of the mining industry, but of the entire country,... 

Copper production cuts abound as industry hit by six-year price low

4th December 2015 Copper-laden African countries are seeing investors pull back on copper output to withstand the effects of the troubled sector and emerge intact once it turns around. 

Copper mine to continue production

11th September 2015 Zambia-based copper miner Konkola Copper Mines (KCM) has affirmed that it has not made a decision to close its Nchanga underground mine or scale down operations at the Nkana refinery, following media reports alleging closures. KCM, a subsidiary of London-listed global diversified natural... 

Zambian communities sue copper mining giant in English High Court

3rd August 2015 1800 Zambian villagers are taking legal action in the High Court in London against UK based mining giant Vedanta Resources Plc and Konkola Copper Mines after they claim their water sources and farming land were poisoned from the copper mining operations of both companies. The 1,800 are members of... 

Zambia’s double-edged mining taxation sword

15th April 2015 Zambia, one of the major players in mining in the Southern African Development Community, faced a shake-up in views surrounding the implications of a rise in underground mining royalties. As of 1 January 2015, legislation stipulated a rise in underground mining royalties from six to eight per... 

Tom Albanese

By: Martin Creamer     13th March 2015 Main Activity of the Company: Globally diversified mining company Date and Place of Birth: September 9, 1957, New Jersey, Ohio, US Education: Bachelor’s degree in mineral economics; master’s degree in mining engineering, University of Alaska, Fairbanks Career Path: 1981 to 1983, junior engineer... 

Process control company hones in on Africa  

By: Ilan Solomons     31st October 2014 The African mining industry is becoming an increasingly important market for process control instrumentation and industrial electronics supplier Instrotech, a member of local technology group Comtest, with the company expanding its footprint on the continent, particularly in Zambia, says... 

Zambia power firm restricts power supply to Vedanta unit

By: Reuters     22nd September 2014 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

12th September 2014 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... 

Refractory lining to be completed in June next year

By: Zandile Mavuso     13th September 2013 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.  

Copper mine invests in community programmes

13th September 2013 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. 

Empowered company acquires 26% of reagent chemicals trader ChemQuest

By: Leandi Kolver     23rd August 2013 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.... 

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