AEL Mining Services (Z) Plc, MiningAugust 29, 2021

AECI Mining announces Esther Johnson as new Financial Director
Explosives mining Company, AECI Mining Plc has announced the departure of Financial Director and his immediate replacement, according to an issued statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of AECI Mining Explosives PLC (“AECI Mining” or the “Company”) wishes to announce the resignation of Francois […]

MiningJuly 30, 2021

STRONG COPPER PRICE PUTS FQM ON COURSE FOR DEBT REDUCTION
The mining firm is well on its way to achieving its targeted gross debt reduction of at least $2 billion in 2022 LUSAKA, ZAMBIA – First Quantum Minerals (FQM) has recorded solid operational and financial performance in the second quarter of 2021 according to the mining company’s global quarterly results. This achievement puts the mining giant […]

AEL Mining Services (Z) Plc, MiningJuly 13, 2021

AEL Zambia Shareholders nod name change
Shareholders of Zambia’s only listed mining explosives company, have resolved to change the name of the company to AECI Mining Explosives Plc. “At the Annual General Meeting of Members of AEL ZAMBIA PLC (“AEL” or “The Company”), held on 26th March, 2021 (the “AGM”), the following Special resolution was duly passed by AEL Shareholders: It […]

MiningMay 4, 2021

Kagem Emerald Auction Results
LUFWANYAMA, ZAMBIA – Gemfields, which operates the Kagem emerald mine in Lufwanyama, has announced the results of an emerald auction comprising a series of five sequential mini-auctions held between 15 March and 17 April 2021). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of […]

MiningMay 3, 2021

FQM HAUL ROAD INVESTMENT SAVES $5M IN TYRE WEAR
SOLWEZI, ZAMBIA – Investment in design and management of its haul road network has reduced annual spending on the haul fleet at First Quantum Minerals’ Kansanshi Mine by US$5 million. Good pit road maintenance has reduced damage to the tyres – worth US$31,000 each – on its fleet of 82 massive US$3.8 million haul trucks that […]

MiningMay 3, 2021

SENTINEL’S FIRST QUARTER PRODUCTION UP 3 PERCENT
KALUMBILA, ZAMBIA – Production at First Quantum Minerals’ Sentinel Mine for the first quarter of 2021 was broadly in line with the company’s expectations, with production increasing by 3% year-on-year, according to the company’s latest results announcement to shareholders. Innovation helped ensure robust management of costs, reducing the unit cost of production, but savings were outwe

MiningApril 8, 2021

FQM REVEALS THE INNOVATION CULTURE BEHIND ITS SUCCESS
Zambia’s largest mine credits ‘a culture of innovation’ among its staff for its efficiency   SOLWEZI, ZAMBIA – Zambia’s mining sector has faced significant challenges over the last decade due in part to fluctuating commodity prices, unstable taxes and most recently, the outbreak of COVID-19. Despite the many obstacles in the sector however, the country’s biggest […]

MiningMarch 22, 2021

EFFICIENT LOGISTICS AND FREIGHT MOVEMENT IS KEY TO THE GROWTH OF ZAMBIA’S MINING SECTOR
Logistical operations and freight movement have continued to play a vital role in the growth of the mining sector in Zambia. Mining, as a business has a delicate value chain that must operate at optimal efficiency at every stage for that value chain to remain viable. An efficient transport sector that connects key industries to […]

AEL Mining Services (Z) Plc, MiningMarch 10, 2021

AN ANALYSIS OF AEL ZAMBIA PLC PERFOMANCE FOR THE FINANCIAL YEAR 2020
As per the requirement by the Securities Act No. 41 of 2016 and the Listings Requirements of the Lusaka Securities Exchange, AEL ZAMBIA PLC announces the audited financial results for the year ended 31 December 2020. With the impact of Covid-19 clearly cited to have adversely affected the performance of the company in the just […]

MiningFebruary 24, 2021

ANTHONY MUKUTUMA: THE MINING GLOBETROTTER AT THE HEART OF FQM
SOLWEZI, ZAMBIA – Anthony Mukutuma was recently appointed General Manager at First Quantum Mineral’s Kansanshi mine in Solwezi, North-Western Province. He grew up in the mining town of Kabwe in Central Zambia. His upbringing developed his interest and passion for mining at an early age. As a child, Mr Mukutuma was fascinated by the mining process: […]