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Category: Mining in Zambia

Zambian Govt awards mines more tax exemptions 1 Mining in Zambia Copper Mining Policy 

Zambian Govt awards mines more tax exemptions

arnbethnic
Finance Minister Situmbeko Musokotwane has yet again given mining companies more tax exemptions by suspending import taxes on mining equipment and machinery. This is additional to the making of mineral royalty tax deductible which resulted in the country losing about $200 million in lost revenue. Mineral Royalty Tax (MRT) was introduced to bring certain loss making mining companies on the tax base as most mining corporations were declaring losses and the tax authorities have no capacity to find loopholes in their tax declarations, which made it difficult to tax the… Read More Here
Jubilee Metals delivering on investments and ramping up production 2 Mining in Zambia Copper 

Jubilee Metals delivering on investments and ramping up production

arnbethnic
Jubilee Metals Group plc (LON:JLP) CEO Leon Coetzer talks through the key highlights over the previous period, the significant progress being made in Zambia, PGM prices, its strengthened Board ready for ramping up production and what we can look out for over the next 6 months. Jubilee Metals Group plc (LON:JLP) is an industry leading metal recovery business focused on retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials that are generated from mining operations. Read More Here
Zambia has finally received approval of a long-awaited IMF-supported program, what next? 3 Mining in Zambia Economy 

Zambia has finally received approval of a long-awaited IMF-supported program, what next?

arnbethnic
Now that Zambia has finally received approval of a long-awaited IMF-supported program, what will it do for the country? Renowned economist Prof. Oliver Saasa gave Mining For Zambia this exclusive comment:“At the end of the day, in Zambia, the entry of the IMF spells good tidings. It allows us to go back to being a member of the global village where there is fiscal prudence and management of our economy, alongside other like-minded countries. It allows us to receive advice from multilateral institutions on the number of challenges that the… Read More Here
First Quantum Minerals 1 FQM Mining in Zambia Copper 

First Quantum Announces Senior Leadership Appointments

arnbethnic
TORONTO, Sept. 01, 2022 – First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) announced today the appointment of Ryan MacWilliam as Chief Financial Officer (“CFO”) and Rudi Badenhorst as Chief Operating Officer (“COO”), effective September 1, 2022. Mr. MacWilliam joined First Quantum in 2019 and has been leading the business development and investor relations functions. Prior to joining First Quantum, Mr. MacWilliam was the CFO of Nevsun Resources, a Canadian base metals company, until its acquisition by Zijin Mining. He was previously a founding member of X2 Resources,… Read More Here
Zambia’s long-neglected copper riches are turning heads again 4 Copper Mining in Zambia 

Zambia’s long-neglected copper riches are turning heads again

admin
MAJOR mining companies are getting increasingly involved in the Central African Copper Belt, expanding existing operations and exploring for new discoveries as the positive fundamentals for copper in terms of soaring demand and limited new supply remain in place. Those groups include Barrick Gold, Anglo American, Ivanhoe Mines and First Quantum, which are stepping up their investments in copper mining in Zambia, the Democratic Republic of Congo (DRC) and even Angola. The driving forces behind the copper boom are that demand for the metal from EV (electrical vehicle) and renewable energy… Read More Here
The British Chamber of Commerce Zambia (BCCZ) Commends Government On Improved Investment Climate 5 Mining in Zambia Governance 

The British Chamber of Commerce Zambia (BCCZ) Commends Government On Improved Investment Climate

arnbethnic
LUSAKA, ZAMBIA – The British Chamber of Commerce Zambia (BCCZ) has commended the New Dawn government for improving Zambia’s investment climate and restoring investor confidence in the local economy as the government marks its first year in office.BCCZ Chief Executive Officer John Paton said the Hakainde Hichilema-led government has made significant strides towards making Zambia a favourable investment destination in the region, attracting local and foreign investors into the local economy.“In just one year, Zambia has gone back to being a positive economic and political story for the rest of the… Read More Here
Copperbelt Minister tours Kagem 6 Emeralds Mining in Zambia 

Copperbelt Minister tours Kagem

arnbethnic
LUFWANYAMA, ZAMBIA – The Copperbelt Province Minister Hon. Elisha Matambo undertook a familiarisation tour of Kagem Mine in Lufwanyama District recently. The minister, who was accompanied by the Copperbelt Province Permanent Secretary Augustine Kasongo and other officials, was impressed with Gemfields’ investment in the emerald mine and applauded its management’s professionalism.  Meanwhile, Kagem Mine General Manager Mr. Sanjeev Kumar noted that the mine’s CSR expenditure had made a significant difference to the lives of people in the communities around the mine. He added that the company also plans to build a… Read More Here
Kagem renews support for the Copperbelt University<br> 7 Mining in Zambia Emeralds Environment Social Governance (ESG) 

Kagem renews support for the Copperbelt University


arnbethnic
KITWE, ZAMBIA – Further consolidating its goal of providing support for the most critical social sectors in Zambia, such as education, Kagem Mining Ltd has signed a Memorandum of Understanding (MoU) with the Copperbelt University (CBU) to ensure its continued support for the university through a scholarship programme, amongst other forms of assistance. Through the MoU, Kagem will provide scholarships to students from CBU’s School of Mines and Mineral Sciences that will cover tuition fees, medical, upkeep and book allowances, while also providing the university with staff assistance, equipment, consultancy, industrial projects,… Read More Here
Barrick Lumwana launches Zambia business accelerator programme 8 Mining in Zambia 

Barrick Lumwana launches Zambia business accelerator programme

admin
Zambian miner Barrick Lumwana, in collaboration with the Accelerated Growth for Micro, Small and Medium-sized Enterprises in Zambia (AGS) programme and the Women’s Entrepreneurship Access Center (WEAC), has launched the 10X Business Accelerator Programme to build business capacity for local contractors in Barrick’s mining supply chain. The programme will be implemented by WEAC to build local contractor capacity and to support contractors in effecting their growth plans, diversifying their markets to become sustainable beyond the mine’s operations. Barrick’s 10X Business Accelerator Programme is further aimed at enabling the small and… Read More Here
Re-opening of Mufumbwe’s Kalengwa copper mine still undecided 9 New Mining Projects Copper Mining in Zambia 

Re-opening of Mufumbwe’s Kalengwa copper mine still undecided

arnbethnic
Expansion of Zambia’s total annual copper production remains a challenge as the re-opening date of Mufumbwe’s Kalengwa mine which is believed to have the highest copper ore grades in Zambia remains undecided. North-Western Province Permanent Secretary – PS disclosed that he is yet to meet Moxico Resources Zambia (MRZ), a company which has taken over the running of Kalengwa mine in Mufumbwe District as to be able to determine the reopening  date of Kalengwa copper mine. Speaking in an exclusive interview, the North-Western Province PS Grandson Katambi said the new… Read More Here

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