AEL Mining Services (Z) Plc, MiningMarch 21, 2020

Weakening Kwacha helps “increase” AEL Mining Zambia revenue
AEL Zambia has recorded a marginal 0.8% increase in revenue following the continued weakening of the kwacha, according to a statement from its 2019 financial year statement. “The turnover for the year 2019 showed an increase of 0.8% from the revenue recorded in 2018”, read a statement on the review of the year-end results issued […]

MiningJanuary 11, 2020

First Quantum Minerals Announces Senior Notes Offering
-FQM capital raising for debt repayment First Quantum Minerals (FQM) has announced that it will be offering addition debt securities that it hopes will allow it to raise $300 million, according to the company. “First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today announced that it is launching an offering of an additional […]

MiningNovember 15, 2019

Vedanta deeply disturbed by news from Nchanga Plant: Vedanta Resources Limited
Vedanta Resources has expressed deep concern regarding the Sulphur dioxide leak at the Nchanga Smelter that occurred on the night of the 14th of November that has affected communities in the surrounding areas resulting in an undisclosed number being hospitalized. “Vedanta is deeply disturbed and concerned by the news coming from Konkola Copper Mines (KCM) […]

AEL Mining Services (Z) Plc, MiningNovember 3, 2019

AEL Zambia declares ‘K2’ interim dividend
The board of Zambia’s largest mining explosives company, AEL Zambia Plc has announced an interim dividend of K2 per share to be paid to shareholders of its LuSE listed shares. “At the Board Meeting held on 23 September 2019, an Interim Dividend of 2.0 Kwacha per share for the half-year ended 30 June 2019 was […]

AEL Mining Services (Z) Plc, MiningSeptember 26, 2019

AEL Mining revenue increases by 4.5% on account of exports at half year 2019
The Mufulira based explosives company’s AEL Mining Plc has posted a 4.5% increase in revenue on account of increased exports, according to a statement in the Company’s 2019 half-year financials.   However, the company also disclosed that the move towards exports was driven by weakened local demand following the loss of one of their largest […]

MiningSeptember 25, 2019

FQM pours ice on speculation
 First Quantum Minerals have announced that speculation around the potential sale of a minority stake in the company as well as a takeover bid or other change of control are immaterial at this moment, according to a SENS announcement.   “FQM is aware of speculation regarding a potential transaction involving Jiangxi Copper Co. Limited”, the […]

MiningAugust 1, 2019

FQM Q2 2019 Performance
First Quantum Minerals Ltd. is a Canadian based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016. First Quantum’s common shares are listed for trading on the Toronto Stock Exchange in Canada (symbol “FM”). Until 2016, First […]


Economy, MiningJuly 11, 2019

First Quantum Minerals announces the commencement of Copper Concentrate shipping at Cobre Panama
Mining Company rumps up as it focuses on Cobre FQM’s intentions of ramping up its output at its Cobre Panama mine were cemented at it announced that it had commenced Copper Concentrate shipping. The company announced on June 24 2019 that first shipment of copper concentrate from Cobre Panama had left port, according to a […]

AEL Mining Services (Z) Plc, MiningMarch 7, 2019

AEL Zambia – Explosive Analysis
AEL Zambia is a subsidiary company of AEL international and the major holding company is AECL Limited that is listed on the Johannesburg Stock Exchange in South Africa. In Zambia, 25% shareholding is publicly held through the Lusaka Stock Exchange (LuSE) and the other 75% is held by AEL international. The steady increase of copper […]

MiningFebruary 21, 2019

FQM gives with one hand; Offers to “Take” with the other
First Quantum Minerals Ltd, on Tuesday 20th February, announced that its Board of Directors had approved a final dividend of $0.005 Canadian Dollar per share in respect of the financial year ending December 31, 2018. This together with the interim divided announced earlier last year brings the total dividend paid to CDN$0.01 for the 2018 […]