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Vedanta seeks urgent meeting over its besieged Zambian unit

By: Bloomberg     22nd May 2019 Vedanta Resources is seeking an urgent meeting with Zambian President Edgar Lungu over the threat to its local assets after a state-owned investment company asked the Lusaka High Court to liquidate them. Lungu at the weekend accused Konkola Copper Mines of lying and cheating and said Africa’s... 

Zambian court appoints provisional liquidator of Vedanta's KCM 

By: Reuters     21st May 2019 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines (KCM), according to a court document seen by Reuters. The document named Zambian law firm Lungu Simwanza & Company to oversee KCM a day after the president said Zambia... 

Traka accelerates expansion into wider African markets

By: Creamer Media Reporter      20th May 2019 Leveraging on almost two decades of experience in South Africa, and a presence in a further six African countries, networked key and equipment management solutions company Traka Africa announces an acceleration in their growth strategy. It plans to open new operations or expand more widely in... 

Gemfields reports signs of recovery in emerald sector

By: Tasneem Bulbulia     20th May 2019 JSE-listed Gemfields continues to see “encouraging” signs of a recovery in the emerald sector, product and sales MD Adrian Banks said in a statement on Monday. This follows Gemfields’ latest auction of higher-quality rough emeralds, in Singapore, which generated revenue of $22.4-million and... 

Zambia files 'notification' of plans to take over Vedanta assets

By: Bloomberg     20th May 2019 Zambia’s government filed notification of plans to take over Vedanta Resources’s domestic copper assets, President Edgar Lungu said. The move marks an escalation in tension between the government and mine owners, after Lungu last week threatened to “divorce” Vedanta and Glencore, two of the... 

Zambian President threatens Glencore, Vedanta with 'divorce' 

By: Bloomberg     17th May 2019 Zambian President Edgar Lungu threatened to “divorce” the domestic copper units of Vedanta Resources and Glencore after the companies said they’d curb operations in the Southern African nation. The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest... 

Explorer to acquire interest in Zambian copper licence

17th May 2019 Aim-listed copper/gold explorer Bezant Resources entered into a binding memorandum of agreement with horizontally-integrated holding company KPZ International last month for a conational option to acquire 50% interest in the Buffalo copper/gold exploration project in Zambia. Under the terms of... 

Junior starts copper exploration programme in Zambia

17th May 2019 Junior exploration company Arc Minerals has started an exploration programme at its Zamsort copper/cobalt project, in Zambia. The exploration programme follows the completion of an airborne geophysical programme at the project. 

Reduce exports, increase beneficiation – CDAA

By: Mc'Kyla Nortje     17th May 2019 Nonprofit organisation Copper Development Association Africa (CDAA) encourages countries, such as Zambia and the Democratic Republic of Congo, to reduce their copper exports and start investing in infrastructure to support the use of copper in downstream industries. CDAA executive chairperson... 

Copper majors report sound performances

17th May 2019 Several large diversified miners dominate copper production in Zambia and account for a significant amount of copper production in the Copperbelt, which includes the Copperbelt province and the towns of Ndola, Kitwe, Chingola, Luanshya and Mufulira in particular, as well as the Democratic... 

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