MiningSeptember 16, 2020

COMPETITIVE FISCAL REGIME KEY TO EXPANSION PLAN, SAYS FQM
SOLWEZI, ZAMBIA – A massive US$650 million investment that will double copper output and extend the life of Kansanshi Mine to 24 years has been pencilled in for 2023/24 by First Quantum Minerals (FQM). But the mining firm has cautioned shareholders that the expansion project can only go ahead if the company is confident of a […]

MiningSeptember 9, 2020

China promises huge market for Kagem emeralds, says new research
A world-leading supplier of responsibly sourced coloured gemstones, Gemfields – which operates the Kagem mine in Lufwanyama – has identified “huge potential” to market Zambia’s responsibly sourced emeralds to consumers in China. All proceeds from the sale of Kagem’s emeralds are repatriated back to Zambia, generating tax revenue for the government as well as employment […]

MiningJuly 11, 2020

FQM’s Cobre Panama outfit given the ‘OK’ to resume production
First Quantum Minerals has announced that it will soon be able to resume operations at its Cobre Panama mine after health officials gave it the green light to resume production, according to a statement from the mining company. “First Quantum Minerals Ltd. (“FQM” or the “Company”) announces that Cobre Panama can resume full production. The […]

Economy, Mining, ZCCM-Investment Holdings PlcJune 15, 2020

ZCCM-IH: Restructuring Of Ndola Lime Company Ltd
14th June 2020, Lusaka, Zambia – Over the past 8 years Ndola Lime Company Limited (NLC) accumulated an insurmountable amount of debt, in excess of K1 billion, owed to various statutory bodies as well as private creditors, which led to the Company being technically insolvent. In September 2018, two (2) former employees of instituted business […]

Economy, Mining, OpinionJune 10, 2020

Special Report: Could Copper Become the Mining and Metals Saviour?
Will this metal lead the industry out of lockdown? So far, 2020 has been undeniably challenging for the mining and metals industry. The COVID-19 global pandemic has routed markets and dented investor confidence around the world. Until now, gold as a safe-harbour asset, has been one of the rare gainers in metals markets – but […]

Copperbelt Energy Corporation Plc, Energy, MiningJune 9, 2020

Konkola Copper Mine parts company with Copperbelt Energy
Barely a fortnight after publishing its 2019-year end financial results which signaled the erosion of value due to impairments caused by its biggest mining customer, Copperbelt Energy Plc (CEC) has announced the end and non-renewal of its power supply contract with Konkola Copper Mine (KCM). “In accordance with Section 11.40 of the Lusaka Securities Exchange […]

Economy, Mining, OpinionJune 9, 2020

The Impact of COVID-19 on Junior Explorers: Past, Present, and Future
A guest article from Mark Parker, Mark Parker, CEO of Equator Gold. As delegates were arriving in Cape Town for Mining Indaba 2020 in the last days of January, the WHO declared a “public health emergency of international concern”.  A week earlier, the Chinese city of Wuhan had been locked down, and cases of a […]

Economy, Mining, Opinion, StrategyJune 8, 2020

Artisanal Mining: 6 reasons why COVID-19 response planning should prioritise ASM communities
A guest article by Adam Rolfe, Estelle Levin-Nally and Holger Grundel. As the world’s priorities are reshaped by the COVID-19 crisis, Artisanal and Small-scale Mining (ASM) communities should not be overlooked. Here are 6 reasons why: The underlying health characteristics of ASM communities may mean that they are likely to be disproportionately impacted by the […]

MiningApril 25, 2020

First Quantum Minerals secures relief from lenders
Mining company First Quantum Minerals has successfully negotiated adjusted terms to some of the financing facilities that have been availed to them by lenders in light of the unprecedented COVID-19 pandemic, according to a statement from the company. “During this unprecedented time, the Company, with the support of its long-term relationship lenders, has taken the […]

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 […]