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Category: Mining in Zambia

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
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
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 3 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
Zambia denies power firm CEC claims of expropriation 4 Mining in Zambia Energy 

Zambia denies power firm CEC claims of expropriation

arnbethnic
Zambia’s government said on Wednesday it had no intention of taking over Copperbelt Energy Corp (CEC), after the company accused the government of expropriating its power lines by saying others must be allowed to use them if they paid.   Energy Minister Matthew Nkhuwa issued a statement, known as a statutory instrument, on Friday declaring the CEC power lines a “common carrier” and obliging it to transmit electricity on behalf of other players on agreed terms and conditions. CEC, formerly a state-owned firm before it was privatised in the 1990s, said… Read More Here
CEC Hydro Power Lines And Towers, Glass, Manitoba Energy Mining in Zambia 

Zambia intends to seize CEC infrastructure an act of arrogance – Haimbe

arnbethnic
Energy minister Matthew Nkhuwa on May 29, 2020 issued Statutory Instrument No.57 of 2020, the electricity (common carrier) (declaration) regulations, 2020 just before CEC was about to cut power supply to Konkola Copper Mines.   “The transmission and distribution lines set out in this schedule are declared as a common carrier for the purposes of the Act and shall be used on the terms and conditions determined by the Energy Regulation Board,” reads the SI. “Schedule: 1. Transmission lines. All transmission lines operated by the Copperbelt Energy Corporation. 2. Distribution lines.… Read More Here
Copperbelt energy Mining in Zambia Energy 

Zambia’s Declaration of CEC power infrastructure as common carrier | CEC Statement

arnbethnic
The Copperbelt Energy Corporation Plc (CEC) has become aware of Statutory Instrument No. 57 of 2020 (SI 57) issued by the Minister of Energy, Honourable Mathew Nkhuwa, declaring all of CEC’s distribution and transmission lines as Common Carrier. This declaration came just hours before the expiry of CEC’s power supply agreement (PSA) with Konkola Copper Mines Plc (KCM), which took effect at midnight on 31 May 2020 and in the wider context of the failed negotiations for the renewal of the Bulk Supply Agreement (BSA) between CEC and ZESCO, which… Read More Here

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