Mining giants operating in the DRC have expressed an interest in taking joint action to improve the social conditions of children…
Mining giants operating in the Democratic Republic of Congo (DRC) including Kamoa Copper, Tenke Fungurume Mining, MMG and KICO have expressed an interest in taking joint action to improve the social conditions of children whose lives are negatively impacted by mining in the province of Haut-Katanga. This initiative was welcomed by the United Nations Children’s Fund (UNICEF) and several other stake…Read full details
Mining licences that a company can hold at a time will be restricted to five…
Zambia, Africa’s second-largest copper producer, said on Monday the number of mining licences that a company can hold at a time will be restricted to five to curb speculative purchases within the country’s licensing system. The ministry of mines in February suspended the issuance of mining licences and commissioned an audit in response to public complaints about a lack of transparency. “Every mine… Read full details
MMG plans to launch international arbitration against Congolese state mining company Gecamines…
MMG Limited said it plans to launch international arbitration against Congolese state mining company Gecamines after Democratic Republic of Congo armed forces occupied two concessions near its Kinsevere copper mine. Hong Kong-listed MMG said armed forces entered its Nambulwa mining lease on Sept. 16 claiming Gecamines had signed a research contract for it. MMG staff were able to return to site and… Read full details
Michael Phiri, unpacks the Budget measures designed to set in motion a mining-led economic recovery…
Tax Partner at KPMG Zambia, Michael Phiri, unpacks the Budget measures designed to set in motion a mining-led economic recovery. The dust has now settled since the announcement of the 2023 National Budget, during which the Minister of Finance set out the Government’s plan to revive Zambia’s economy. In this, the first in a series of exclusive interviews with financial, economic, and mining experts… Read full details
RMB has commenced preliminary works at KM leading to the search for a provider of long-term finance…
Further to the announcement of 28th September 2022, in relation to the appointment of Rand Merchant Bank (RMB) as financial advisor to Konkola Copper Mines plc (KCM), the Company is pleased to inform stakeholders that RMB has commenced preliminary works at KM leading to the search for a provider of long-term finance… Read full details