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Category: Mining in Zambia

CEC Energy Mining in Zambia 

Copperbelt Energy Corporation (CEC) to discontinue power supply to Konkola Copper Mines

arnbethnic
Zambia’s Copperbelt Energy Corp (CEC) will stop supplying power to Vedanta’s local unit Konkola Copper Mines (KCM) from Monday, it said after talks on an extension to their supply agreement broke down over debt owed to CEC. Zambia’s Energy Minister Mathew Nhkuwa told Reuters that KCM would now receive its power directly from state-owned utility Zesco, which has previously sold electricity to CEC for onward supply to KCM. Nkhuwa said the bulk electricity supply agreement between Zesco and CEC, which expired on March 31, would not be renewed. The power… Read More Here
Gold Gold Mining in Zambia New Mining Projects 

Zambia to amend mining rules to treat gold as strategic asset

arnbethnic
Zambia is moving to amend gold-mining rules so that they treat the metal as strategic. The cabinet agreed to amend the Mines Act to align it with a policy set last October to recognize gold as a strategic mineral. That requires production by artisanal miners to be bought through the state-owned mining investment company ZCCM-IH Plc.  The cabinet’s May 20 approval to modify laws and regulations stemmed from a proposal from the mines minister, according to the ministry’s permanent secretary, Barnaby Mulenga. Zambia wants its national gold production to help… Read More Here
Hanson Sindowe Mining in Zambia Energy 

The story of Hanson Sindowe and the Copperbelt Energy Corporation (CEC)

arnbethnic
Hanson Sindowe is the last person you would expect to be one of Zambia’s richest; he grew up the son of a policeman in a family of farmers in the village of Kalomo, 120 kilometres north of Livingstone. It’s a place thousands of kilometres from where he made his fortune on power distribution along Zambia’s copper belt, the lifeblood of the country.  Sindowe is the engineer, who wanted to be a pilot, but ended up buying Zambia’s copper belt power distribution company, Copperbelt Energy Corporation (CEC,) in 2006 for $120… Read More Here
KCM Digital Justice DRC Copper Mining in Zambia 

Zambian Supreme Court Orders Mopani Mines To Pay Over US$13 Million Tax Debt

arnbethnic
MOPANI Copper Mines has been ordered to pay over US $13 million tax liability to the Zambia Revenue Authority-ZRA for the years 2006 to 2010. Of the amount, over US$7.6 million covers tax liabilities from 2008 to 2010 while US$5.4 million caters for the years 2006 to 2008. The order has been made by the Supreme Court in a 63-page Judgement. Chief Justice Ireen Mambilima, Supreme Court Judges Mumba Malila, and Nigel Mutuna handed down the judgment. The judgment is on the backdrop of the appeal filed in the Supreme… Read More Here
Gemfields accepted as corporate member of voluntary human rights initiative 1 Mining in Zambia Emeralds Precious Stones 

Gemfields accepted as corporate member of voluntary human rights initiative

arnbethnic
London-headquartered Gemfields, which owns the Kagem emerald mine, in Zambia, and the Montepuez ruby mine, in Mozambique, has become the first gemstone company in the world to be recognised as a corporate member by the Voluntary Principles on Security and Human Rights (VPSHR). The principles are a globally recognised initiative by governments, companies and nongovernmental organisations (NGOs) to confront human rights abuses and violations, and have become the common standard implemented across a variety of industries, guiding companies on how to conduct their security operations while at the same time… Read More Here
More Zambian Copper Mines Scale Down Operations 2 Copper Mining in Zambia 

More Zambian Copper Mines Scale Down Operations

arnbethnic
As a consequence of the COVID-19 pandemic, dwindling international metal prices and a concoction of other operational challenges; some foreign mining companies are scaling down their operations in Zambia in order to remain sustainable. Three leading mines in the country have been put on care and maintenance amid various developments, threatening their long term sustainability.These are namely the Glencore majority-owned Mopani Copper Mines, Maeterox owned Chibuluma Mines, and Lubambe mines Plc. All their units are located in the country’s rich-mineral region, located over 440 kilometers from the capital, Lusaka. Mopani… Read More Here
Gold dust Gold Mining in Zambia 

Zambia’s Gold partnerships raises more “gold dust”

arnbethnic
With the recent discoveries of Gold in various parts of Zambia, there seems to be great interest in the speedy exploitation of the mineral. The general citizenry is hoping for a super economic relief on a debt-burdened country. Expectations of job creation, more forex, more taxes and an economic mining diversification from copper to the newfound Gold.  Following the frenzied gold discoveries in Kasenseli, Mwinilunga district of northwestern province of Zambia, the government made some pronouncement on the prudent exploitation of this strategic mineral for the greater benefit of Zambians.… Read More Here
Gold ZCCM-IH Gold Mining in Zambia 

ZCCM-IH and its Investment Strategy in the Gold Sector in Zambia | A statement by ZCCM-IH

arnbethnic
Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As mandated by Government to harness the gold potential in the country, ZCCM-IH strategy is to forge partnerships with any industry player within the gold value chain. The partnership with Karma Mining Services and Rural Development is one such partnership were the joint venture (Consolidated Gold Company Zambia) is entirely focused on gold processing. The following account provides clarity on various issues raised by stakeholders: The partnership… Read More Here
Manganese in Serenje Mining in Zambia 

ZCCM-IH’s Kabundi Resources Ltd commences manganese mining operations in Serenje

arnbethnic, ,
Works at the manganese mine in Serenje have commenced following the end of the heavy rains that had hampered kick-starting operations, posing a challenge in accessing the mine site areas. ZCCM Investments Holdings Plc (ZCCM-IH) through its wholly-owned subsidiary Kabundi Resources Limited (KRL) are on-site and have started Phase one of the project in the small-scale mining license, with an initial capital injection of K18.6 million. Phase two of the project which is scheduled to start before the onset of this year’s rainy season will be extended to other areas… Read More Here
Gold Gold Mining in Zambia 

Zambia partners with Array Metals to process gold

arnbethnic
LUSAKA – Zambia’s state mining investment company ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture with mining services firm Array Metals to process production from a gold deposit, the company said in a statement on Wednesday. Africa’s second-largest copper producer, Zambia is trying to diversify its revenue base, and aims to produce 40 000 kg of gold in 2020 from primary and secondary sources including gold bought from small-scale miners. ZCCM-IH subsidiary Consolidated Gold Company Zambia (CGCZ) will hold 65% of the project processing gold in Mumbwa, west of… Read More Here

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