Zambia aims to tighten grip on share of mining profits

Zambia, Africa's top copper producer, plans to tighten its grip on the government's share of profits made at the country's mines, boosting tax revenue and ensuring a more level playing field for Chinese and other investors. Investors in miners...

Higher demand, better quality lift Gemfields results

Increased per-carat prices achieved at auction for emeralds from Gemfields helped the Aim-listed company increase revenue from rough and finished sales by 57%, to $45.7-million, the firm said on Monday. The gem producer attributed the revenue...

Zambia not looking to take 35% of mines – First Quantum chair

Copper miner First Quantum Minerals, which saw its shares plunge over 12% in Toronto on Wednesday, said that supposed plans by the Zambian government to take a 35% stake in the country’s mines were “misreported”. Speaking in a conference...

No need to panic over Zambia licence moratorium – lawyer

There is no need for panic over Zambia’s decision to place a moratorium on the renewal and issuing of new mining licences, managing partner of Lusaka-based law firm Musa Dudhia & Company, Arshan Dudhia, said this week. The moratorium on the...

African Eagle rules out Zambia copper IPO this year

African Eagle Resources has ruled out a initial public offering of its Zambian copper assets this year due to global market volatility. "It won't be later this year given what the markets are up to," chairman Euan Worthington told Reuters on...

Resources nationalism: distant thunder or looming storm?

It was last year’s Zambian presidential election campaign that brought the ‘resource nationalism’ issue into focus for Southern Africa. Resource nationalism has been defined as the control, by the State in whose territory they...

Resources Nationalism & Africa: Distant thunder or looming storm?

It was last year’s Zambian presidential election campaign that brought the ‘resource nationalism’ issue into focus for Southern Africa. Resource nationalism has been defined as the control, by the State in whose territory they...