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Zambia sees 2017 copper output rising up to 850 000 t

By: Reuters     14th December 2017 Zambia's 2017 copper output is expected to increase to between 800 000 t and 850 000 t from 774 290 t in last year, Mines Minister Christopher Yaluma on Thursday. Zambia's copper production is next year likely to increase further to reach 1-million tonnes, Yaluma said, citing improved power... 

Tanzania-Zambia railway authority resumes transportation of copper

By: Reuters     8th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) said on Friday it had resumed transportation of copper which it halted on Tuesday after unionised workers went on strike. TAZARA suspended all train services, including the transportation of copper following a strike by workers in Africa's... 

Vedanta's Zambian arm to set up new processing plants

By: Reuters     7th December 2017 London-listed Vedanta Resources said on Thursday its Zambian subsidiary Konkola Copper Mines (KCM) plans to set up a new copper smelter, cobalt refinery and other infrastructure under a $1 billion investment programme announced earlier. In March Vedanta announced the $1 billion investment after a... 

Pallinghurst targets London, okays share buyback, halves executive pay

By: Martin Creamer     7th December 2017 Diversified mining and marketing company Pallinghurst, which has moved fast to stabilise the now-integrated coloured gemstone acquisition, is initiating a listing on the main board of the London Stock Exchange, going ahead immediately with a share buyback programme and benefitting from executive... 

Tanzania-Zambia railway halts copper transportation after strike

By: Reuters     6th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and... 

Zambia mines deny they are being subsidised by domestic electricity consumers

By: Ilan Solomons     29th September 2017 The notion that Zambia’s mines are being subsidised by domestic consumers is  “wholly untrue and completely at odds with the facts”, states Zambian Chamber of Mines president Nathan Chishimba, in response to a number of recent articles in the Zambian media suggesting that the government and... 

German companies to display digital solutions for Zambian mines

By: Simone Liedtke     15th September 2017 Nonprofit organisation, the Southern African-German Chamber of Commerce and Industry, is aiming to invite more German companies to Zambia to display digital solutions for mining and Industry 4.0, following the success of its German-Zambian Business Forum. SA-German Chamber Lusaka office head... 

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.  

Galileo moves to acquire stake in Zambia zinc project

By: Creamer Media Reporter      31st August 2017 Aim-listed Galileo Resources has entered into a binding term sheet with BMR Group and agreed to advance $591 600 to BMR to enable it to exercise an option to acquire the Star zinc project, in Zambia. BMR will establish a joint venture (JV) with Galileo over the project. 

Africa's biggest copper mine hit by Zambian power restrictions

By: Bloomberg     15th August 2017 Zambia is cutting power to mines including Africa’s biggest copper site, the Kansanshi pit owned by First Quantum Minerals, escalating a fight over tariffs. "They have still got some significant amount of power for them to operate, but obviously their operations will not be at 100% because of the... 

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... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

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... 

Zambian company seeks multicommodity approach

By: Nica Schreuder     2nd June 2017 Zambian Investment holdings company ZCCM CEO Dr Pius Kasolo has emphasised the importance of the company’s adoption of a multi-commodity approach as part of its resilience, in light of the cyclical nature of commodities. Presenting investment opportunities for potential strategic partners at the... 

Zambia President orders case against First Quantum to be dropped

By: Bloomberg     10th May 2017 Zambian President Edgar Lungu has instructed that the fraud case the State investment company brought against the country’s biggest copper producer and some of its directors be dropped, his spokesman said. Arbitration over the matter will continue in London. First Quantum Minerals, based in... 

The growth of a diversified economy through the development of mining and energy at ZIMEC 2017!

By: Creamer Media Reporter      3rd May 2017 Lusaka, Zambia – April, 2017 - With around 70% of Zambia’s earnings currently depending on copper mining, the Zambian government aims to diversify mining activities and strive towards a sustainable and viable mining sector.  

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

Consolidated Nickel Mines wins top honours in Investment Battlefield competition

By: Megan van Wyngaardt     28th February 2017 Zambia-focused Consolidated Nickel Mines (CNM) won the first Investment Battlefield Competition for junior miners at this year’s Investing in African Mining Indaba, with Sula Iron & Gold in second place. CNM, a subsidiary of Consolidated Mining and Investments, is planning to restart the 4 500... 

World Bank lends Zambia $100m to tackle mining pollution

By: Reuters     20th December 2016 The World Bank has agreed to lend Zambia more than $100-million to reduce environmental health risks in polluted mining areas and support economic diversification. Mining is a major contributor to the economic growth of Zambia, Africa's second biggest copper producer, but it has left... 

First Quantum faces $1.4bn claim from Zambian firm

By: Bloomberg     15th November 2016 ZCCM Investments Holdings, the state-controlled Zambian company that holds minority stakes in most of the country’s copper mines, plans to claim as much $1.4-billion from First Quantum Minerals . after  accusing the Vancouver-based company of fraud. The Canadian company’s stock fell. The claim... 

BMR raises funds to advance Star Zinc project

By: Megan van Wyngaardt     28th October 2016 Zambia-focused zinc developer BMR Group has raised £620 000 through the placement of 9.25-million shares at 6.7p apiece. Each placee will also, for each share subscribed, receive one warrant to subscribe for a further new ordinary share at 7p apiece in the 42 days following publication of BMR's... 

Norman Mbazima

By: Martin Creamer     23rd September 2016 This week we feature Norman Mbazima in his role as deputy chairperson of Anglo American South Africa. 

Sentinel at forefront of global mining technology

     9th September 2016 Canadian base metals producer First Quantum Minerals’ (FQM’s) $2.1-billion Sentinel mine, in Zambia’s North-Western province, is described by the Zambian Chamber of Mines (CoM) as the country’s mining industry’s “most ambitious venture ever” and the single-largest upfront infrastructure... 

Zambia conference to retain 2016 theme in 2017

     9th September 2016 The seventh Zambia International Mining and Energy Conference (Zimec) will be held in Lusaka on April 5 to 6, 2017, and will retain the theme of Zimec 2016: ‘Mining and energy on the growth path to support and grow the Zambian economy’. Zimec 2016 was hosted at the New Government Complex... 

BMR Group seeks to acquire Zambian zinc prospect

By: Megan van Wyngaardt     16th August 2016 Aim-listed BMR Group is in the process of acquiring a large-scale zinc prospecting licence, known as Star Zinc, from Zambia-based Bushbuck Resources for $1-million. The two companies on Monday entered into a 60-day exclusive option agreement for the 83 km2 licence, to the immediate north of... 

CHANGING OF THE GUARD

By: Martin Creamer     5th August 2016 Lusaka-born Norman Mbazima, 58, will be focusing on the divestment of Anglo American plc’s noncore assets in South Africa from September 1, when he will retain the Anglo deputy chairperson position and pass the Kumba Iron Ore CEO baton on to Themba Mkhwanazi, the CEO of Anglo’s South African coal... 

Huge potential to replicate hybrid power solution in African mining sector

By: Mia Breytenbach     15th July 2016 Australia’s largest offgrid solar and battery storage facility has been successfully commissioned and has started providing electricity to the DeGrussa copper and gold mine in Western Australia. As local renewable energy leadership believes this project will pioneer the way in Africa for offgrid... 

GIZ/ German Energy Solutions Initiative/ THEnergy-Analysis: Momentum for solar-diesel hybrid microgrids in the Zambian mining industry

     20th June 2016 In recent years, an ongoing drought has caused a severe power crisis in Zambia. The new analysis “Power crisis and consequences for solar energy in the Zambian mining sector” from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in its role as facilitator of the Project... 

$60m boost to Zambia power grid

By: Martin Creamer     30th May 2016 Mining is poised to receive a spinoff benefit from Monday’s announcement that the power grid in Zambia is to be boosted by a $60-million investment. In this latest transaction, Standard Chartered bank has partnered with the United States Agency for International Development (USAID) to provide a... 

Gemfields posts ‘solid’ production in Q3

     4th May 2016 Despite reporting lower year-on-year emerald and beryl production in the three months to March 31, Gemfields CEO Ian Harebottle said the company had “another pleasing quarter of solid production across its emerald and ruby operations”. He noted that both its 75%-owned Kagem and Montepuez... 

Gemfields achieves record price per emerald carat at auction

By: Natasha Odendaal     4th April 2016 Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem... 

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,... 

Zambia govt engages Sentinel over job cut plans – media report

By: Natasha Odendaal     7th January 2016 The Zambia government is reportedly in talks with base metals producer First Quantum Minerals to try put a stop to possible job cuts, as operational challenges around restricted power supply have pushed subsidiary Kalumbila mine to possibly retrench 730 miners at Sentinel mine. Zambia National... 

African Potash delivers first 20 000 t of fertiliser stock

By: Megan van Wyngaardt     6th January 2016 Aim-listed exploration company African Potash has dispatched 20 000 t of urea stock in partial satisfaction of sale agreement with a Zambian customer for 50 000 t of fertiliser, signed in October 2015. The urea stock, valued at $10-million in gross revenue, was delivered to the Mozambique port of... 

South African mining’s delicate make-or-break phase outlined 

By: Martin Creamer     19th October 2015 The South African mining industry’s delicate make-or-break phase has been outlined by some of the sector’s leading lights who make it clear that only give-and-gain will prevent it from losing colossal value. What will break it, they make clear, is failure to achieve a win-win, despite the... 

African Potash secures $500/t fertiliser sale price for Zambia

By: Ilan Solomons     25th September 2015 Aim-listed exploration company African Potash has reached an agreement to establish a sale price of $500/t for 50 000 t of fertiliser product.  African Potash executive chairperson Chris Cleverly said the deal would see NPK and urea fertilisers delivered in Zambia at a price that “supported the... 

Miner focuses on new targets

     11th September 2015 Exploration activities at uranium exploration and development company Denison Mines’ wholly-owned Mutanga project, in Zambia, will focus on generating additional exploration targets through soil and radon sampling, excavator trenching and geological mapping, the company states. The Mutanga... 

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