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Category: Mining in Zambia

Gemfields share price soars by 7% 1 Gemstones International Mining in Zambia 

Gemfields share price soars by 7%

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Gemfields’ stock soared nearly 7% on the JSE yesterday after the supplier of coloured gemstones said that its first ruby auction of the year brought in $95.6 million (R1.6 billion), the company’s all-time high auction income. In intraday trading on Monday, the shares were trading at R3.55. The Gemfields Group, headquartered in London and traded on the Johannesburg and London Stock Exchanges, specializes in emerald mining at the Kagem mine in Zambia and the Montepuez Ruby Mining (MRM) in Mozambique. According to the report, the ruby auction consisted of seven… Read More Here
Zambians must benefit more from mining, minister says 2 Mining in Zambia 

Zambians must benefit more from mining, minister says

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Zambia needs to hold a bigger stake in new mines and local communities should benefit more from the mineral values chain, mines minister Paul Kabuswe said on Wednesday. “This government is saying Zambians must be an integral part of whatever investment. We can no longer sit in the terraces and watch,” Kabuswe said at a conference. The minister said later in response to questions that the government was planning to increase the state’s shareholding in new mines to ensure that Zambia maximises its benefits from the sector. “Going forward, I… Read More Here
Castillo Copper grants option to sell Zambian projects for £2.25 million  3 Copper Mining in Zambia 

Castillo Copper grants option to sell Zambian projects for £2.25 million 

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“The board is delighted to have granted London-based Hyperion Copper the option to acquire the Zambia Projects … we now have a partner who will fund all future development work, whilst benefits accrue to CCZ via retaining the shareholding in Hyperion Copper post its AIM listing,” said MD. Castillo Copper Ltd has awarded London-based company Hyperion Copper a 12-month option to acquire its wholly-owned subsidiary Zed Copper, which holds four assets in the Zambian copper belt, including the advanced Luanshya and Mkushi projects. Under the terms of the agreement, Hyperion will… Read More Here
MAINTENANCE, PLANNER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 4 Mining Careers Mining in Zambia 

MAINTENANCE, PLANNER | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR6258 | Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Engineering Apply now Job description: Purpose of the role: The position exists to produce detailed and comprehensive plans/schedules of work orders for planned, routine, equipment overhaul and shutdown maintenance work and minor capital projects, providing an efficient and effective in-house work order planning service for key stakeholders. Key Responsibilities: Liaise with work request originators, Maintenance and Operations staff onsite inspections of planned work activities to ensure that work orders accurately reflect the specific actions necessary to complete the task effectively. Ensuring work order contains all… Read More Here
ENGINEER, ELECTRICAL | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA 5 Mining Chemicals Mining in Zambia 

ENGINEER, ELECTRICAL | MINING CAREERS AT FQM, SOLWEZI, ZAMBIA

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Requisition Number: JR6242 | Contract Type: On-going | Country: Zambia  Location: Solwezi   Category: Engineering Apply now Job description: Purpose of the role: Reporting to the Superintendent Electrical Infrastructure, you will be responsible for assisting in the establishment of preventative and responsive electrical fixed plant maintenance within the FQM Trident mine process plant: to ensure maximum operational performance is achieved in a safe and cost effective manner. Key Responsibilities: Provide guidance on the installation of new electrical infrastructure operational equipment and systems, replacement of old, faulty or redundant electrical infrastructure operational equipment and systems, inside the process plant… Read More Here
Eighth and last missing miner found dead in flooded Burkina Faso mine 6 Mining in Zambia 

Eighth and last missing miner found dead in flooded Burkina Faso mine

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The body of the last of eight miners who drowned in a Burkina Faso zinc mine owned by Trevali Mining Corp when it flooded on April 16 was found on Monday, the government said. The seven other bodies have been recovered gradually from the mine’s underground passages since May 24, when the first four were discovered. Hopes of finding any survivors had already dissolved by then, as rescue teams had found no one inside a chamber in which there had been a slim chance that the eight missing miners who… Read More Here
FQM Trident Limited, Signs a Collective Bargaining Agreement (CBA) with four union bodies 7 Mining in Zambia Copper Environment Social Governance (ESG) 

FQM Trident Limited, Signs a Collective Bargaining Agreement (CBA) with four union bodies

arnbethnic
FQM Trident Limited, a subsidiary of First Quantum Minerals has signed a Collective Bargaining Agreement (CBA) with four union bodies – National Union of Miners and Allied Workers (NUMAW); Mine Workers Union of Zambia (MUZ); United Mine Workers Union of Zambia (UMUZ); Miners and Allied Workers Union (MAWU). The parties agreed on an interim agreement for eight (8) months for the applicable terms for which the salary increment shall be effective from 1st May 2022 to 31st December 2022. A full agreement shall be negotiated to replace the interim one… Read More Here
Mopani Copper Mines Mining in Zambia Copper 

ZCCM-IH engages Rothschild & Co. to assist with the strategic review of Mopani Copper Mines

arnbethnic
Market Announcement: Rothschild & Co. engaged to assist with the strategic review of Mopani Copper Mines Plc This engagement follows a competitive procurement process in which five other companies, both local and international, participated. Rothschild & Co has extensive experience and an established reputation as a leading global financial services group, with a history of over 200 years at the centre of the world’s financial markets. Rothschild & Co will undertake an assessment of the strategic options available to the business, to ensure the sustainability, growth and profitability of MCM.… Read More Here
Efforts are continuing to find a solution that unlocks KCM’s potential and delivers maximum benefit to the people of Zambia 8 Mining in Zambia 

Efforts are continuing to find a solution that unlocks KCM’s potential and delivers maximum benefit to the people of Zambia

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Zambia’s decision to take control of a copper mine in the country’s north three years ago will be subject to an arbitration hearing in London in January, the country’s mines minister announced on Wednesday, amid a long-running dispute over the mine’s ownership. Zambia handed control of Konkola Copper Mines (KCM) to a state-appointed provisional liquidator in May 2019, igniting a legal battle with the company’s previous owner, India-listed Vedanta, with arguments heard in Zambia and South Africa and the dispute heading to international arbitration. Zambia’s government accused Vedanta of violating… Read More Here
HOLDING MINING HOUSES TO A HIGHER STANDARD 9 Mining in Zambia 

HOLDING MINING HOUSES TO A HIGHER STANDARD

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Venerated novelist, essayist and critic George Orwell once said, “If liberty means anything at all, it means the right to tell people what they do not want to hear.” Among the many things that have often been difficult to hear is the opinion that Foreign Direct Investment (FDI) is the key to unlocking Zambia’s true mining potential. Not infrequently, we read about one person or the other declaring that all foreigners come to steal from us and that Zambians would be better off running the mining show on our own.… Read More Here

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