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FQM Maintains Support For North-West’s Health Sector 1 Mining in Zambia Corporate social responsibility 

FQM Maintains Support For North-West’s Health Sector

arnbethnic
Zambia’s Mining giant First Quantum Minerals (FQM) has continued to fortify its support of North-Western Province’s health sector, with financial assistance in 2020 alone exceeding a million kwacha. The contribution underlines FQM’s commitment to the health and wellbeing of the communities it operates in and the provision of resources to help government combat challenges such as those posed by the COVID-19 pandemic, said FQM health programs and projects adviser Gertrude Musunka.  “We hope that the support will help ease the burden on our host communities as we work together towards… Read More Here
Ndola Lime Mining in Zambia Mining Careers 

Ndola Lime Issues Retrenchment Notice to Employees

arnbethnic
Ndola Lime Company Limited is expected to retrench its employees on 31st July, 2020.   Ndola Lime Company Limited (NLC) produces various limestone products by quarrying, crushing, kilning and hydration processes and recognizes that it has a responsibility to its employees, stakeholders and the natural environment, for providing a safe, healthy and conducive workplace.  According to an internal memorandum signed by the interim business rescue administrator, Stephen Bwalya, employees will receive letters of retrenchment together with computations of amounts due to each of them. “Kindly take note that the last day… Read More Here
COVID-19 Challenge New Mining Projects Economy 

DRC’s major development projects have stalled

arnbethnic
Dry port of Kasumbalesa, Deepwater port of Banana, Construction of the terminals of N’djili and Luano, inga 3 project, rehabilitation of the national number one, are all major projects undertaken by the Republic but not always materialized. The President of the Republic declared 2020 the year of action during his speech to Congress on 13 December 2019. This political ambition was not to mention the serious health crisis that the country, like the rest of the world, has been experiencing since the beginning of the year. The Democratic Republic of… Read More Here
Minerals Mining in Zambia 

Zambia tackles undervaluation of mineral exports

arnbethnic,
Zambia on Wednesday said mines ministry officials will, starting next month, personally collect samples from mine sites around the country to prevent mining companies seeking to undervalue their production to pay less taxes.  The ministry said some mineral exporters deliberately submit low-grade samples to the state laboratory, causing an undervaluation of mineral exports and depriving the government of mineral royalty tax revenue. AFRICA’S SECOND-LARGEST COPPER PRODUCER, ZAMBIA IS ALSO TRYING TO DIVERSIFY ITS REVENUE BASE BY BOOSTING ITS GOLD PRODUCTION “The loss of revenue could amount to hundreds of thousands,… Read More Here
Zesco Mining in Zambia Energy 

ZESCO Signs Long-term Power Supply Agreement with Konkola Copper Mines

arnbethnic
ZESCO Limited has entered into a long-term power supply agreement with Konkola Copper Mines (KCM) following successful conclusion of negotiations. And Zesco has revealed that it is currently being owed millions of dollars by Copperbelt Energy Corporation (CEC) for power supplied to the company under the recently expired Bulk Supply Agreement (BSA).  In a statement, Saturday, company director of strategy and corporate services Patrick Mwila stated that the agreement with KCM was part of Zesco’s long term strategy of correcting imbalances in the power supply chain. “The agreement between ZESCO… Read More Here
Konkola Copper Mines provides clarity on power issues 2 Copper Mining in Zambia 

Konkola Copper Mines provides clarity on power issues

arnbethnic
Following events of the last few days, which culminated into the Copperbelt Energy Corporation (CEC) temporarily restricting power to Konkola Copper Mines Plc (KCM) for a few hours on Monday, we seek to update our stakeholders and the nation on the matter.  In the last 20 years, Konkola Copper Mines had a Power Supply Agreement (PSA) with the CEC, which was underpinned on the Bulk Supply Agreement (BSA) between Zesco Ltd., and the CEC. Our agreement with the CEC expired on 31 March 2020, but was extended by mutual agreement… Read More Here
Cobalt Supply Chain 1 CKM Cobalt Battery Metals Economy International Mining in DRC 

What Investors Should Know About Cobalt Supply Chains

arnbethnic
Interest in the cobalt space surged in 2017 and 2018, when prices were going through the roof on the back of expected demand from the electric vehicle (EV) space.   Cobalt is a key element in the lithium-ion batteries used to power EVs, and even though prices are far away from those highs, the long-term future of the metal is still quite bright. When looking at the cobalt supply chain, there are two countries that dominate. On the mining side, the Democratic Republic of Congo (DRC) takes the lead, with Benchmark Mineral Intelligence… Read More Here
CEC sued Energy Mining in Zambia 

ZESCO and KCM sue CEC for Power Restrictions | Zambia

arnbethnic
ZESCO Limited and Konkola Copper Mines Plc (in liquidation) have sued the Copperbelt Energy Corporation (CEC) in the Lusaka High Court seeking a declaration that the latter’s action to restrict power supply to KCM contravenes the law. Zesco and KCM are further seeking an order of injunction restraining the CEC by itself, its directors, officers or agents from interfering in the Time Sheet Agreement between the Plaintiffs through restricting KCM from receiving supply from Zesco, pending determination of the matter, among other claims. In a statement of claim filed in… Read More Here
Hypocrisy of the Zambian govt in the power sector | CEC 4 Energy Mining in Zambia 

Hypocrisy of the Zambian govt in the power sector | CEC

arnbethnic
Mining has been Zambia’s economic mainstay and CEC the engine that has unfailingly powered the wheels of mining. CEC accounts for between 45-50% of Zambia’s national energy consumption. Beyond its role on the Copperbelt, CEC is an indispensable member of the Southern African Power Pool (SAPP). It co-owns and operates, with DRC’s national utility, Société Nationale d’Electricite (SNEL), the transmission lines interconnecting the Zambia and DRC electric grids, and which form an integral part of the SAPP central transmission corridor. This is the only connection between DRC and Southern Africa,… Read More Here
Bolloré Transport & Logistics opens a new agency in Kalemie in the DRC 5 Mining in DRC Transport and Logistics 

Bolloré Transport & Logistics opens a new agency in Kalemie in the DRC

arnbethnic
  Bolloré Transport & Logistics is announcing the opening of an agency in Kalemie in the Democratic Republic of the Congo (DRC). The new site, located in the province of Tanganyika, strengthens the network of the leading logistics operator in Africa. The opening of the new agency provides a logistics solution to the humanitarian organisations based in the region. It will also contribute via Tanganyika lake to the development of intra-African trade in eastern DRC, the Port of Kigoma (Tanzania), Bujumbura (Burundi) and Mpulungu (Zambia). Lastly, the agency will support… Read More Here

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