MiningNovember 2, 2020

Francis Herbert Kaunda, renowned former ZCCM-IH CEO, has passed 
Francis Kaunda can best be remembered as an industrialist who managed ZCCM at the height of its capabilities. He was known as one of the greatest minds of his generation. A softly spoken but confident leader who socialized with freedom fighters in his youth. He spent almost 30 years running one of the biggest mining […]

MiningOctober 29, 2020

FQM’S SENTINEL MINE  ACHIEVES HIGHEST EVER QUARTERLY PRODUCTION
As the mine produces 70,829 tonnes and record low cash costs in Q3 LUSAKA, ZAMBIA – First Quantum Minerals’ Sentinel mine in Kalumbila achieved its highest ever quarterly production of 70,829 tonnes and record low cash costs in the third quarter of this year, according to its latest results announcement to shareholders. Increased throughput and higher grades […]

Finance, Mining, ZCCM-Investment Holdings PlcOctober 5, 2020

50kgs of Gold Produced from Kasenseli gold mine
Minister of Mines and Minerals Development Hon. Richard Musukwa has expressed happiness with the progress made at Kasenseli gold mine project in Mwinilunga District. The project being developed by Zambia Gold Company Ltd (ZGC) owned by ZCCM-IH (51%) and Ministry of Finance (49%) has so far produced 50 kilograms of gold worth USD $3 million. […]

Energy, MiningSeptember 27, 2020

Maamba Collieries unveils game changing mining equipment
Minister of Mines and Minerals Development highlights the importance of coal and coal-based electricity to national economy and the country’s energy diversification mix Minister of Mines and Minerals Development Hon. Richard Musukwa, MP this weekend officially inaugurated Maamba Collieries Ltd.’s (MCL) most recent acquisition, the state-of-the-art, high technology Surface Miner. Maamba Collier

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 […]