Keyword: "zambia"

Mining News Pro - Zambia`s main opposition party leader Hakainde Hichilema criticised the government`s deal with Glencore on Thursday, comparing the economy to a leaky bucket broken by debt.

Mining News Pro - Glencore Plc has agreed to sell its stake in Mopani Copper Mines Plc to the Zambian government for $1.5 billion, but will get just $1 upfront.

Mining News Pro - Zambian President Edgar Lungu has assured ZCCM Investments that the country`s government will support the miner’s expansion of its Lubambe copper mine.

Mining News Pro - The Zambian government has concluded its talks with Glencore about buying a majority stake in Mopani Copper Mines, state radio reported, citing President Edgar Lungu.

Mining News Pro - A Zambian court has ruled the State-appointed liquidator of Vedanta`s Konkola Copper Mines will not be discharged despite a November ruling ordering a halt to proceedings to allow Vedanta and minority KCM shareholder ZCCM-IH to pursue arbitration.

Mining News Pro - Zambia produced 646 111 t of copper between January and September 2020, up from 590 321 t in the same period last year, Mines Minister Richard Musukwa said on Thursday, attributing the 9.45% rise to increased mine output.

Mining News Pro - Zambia expects to conclude talks over buying Glencore Plc’s stake in Mopani copper mines Plc within a month, according to Barnaby Mulenga, permanent secretary in the Ministry of Mines.

Mining News Pro - Zambia’s plan to sell the copper mines it seized last year from-billionaire Anil Agarwal’s Vedanta Resources is bogged down in legal challenges that are discouraging buyers.

Mining News Pro - Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group.

Mining News Pro - Copper miners in Zambia have halted $2-billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group.

Mining News Pro - Glencore will likely sell its entire 73.1% stake in Zambia`s Mopani Copper Mines to the government`s mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters

Mining News Pro - Zambia’s state-owned mining investment company (ZCCM-IH) is seeking a controlling stake in Glencore subsidiary Mopani Copper Mines, Mines minister Richard Musukwa said on Tuesday.

Mining News Pro - Glencore’s Zambia subsidiary Mopani Copper Mines on Thursday said the country’s mines ministry rejected its proposal to suspend operations because of low copper prices and disruptions caused by the coronavirus crisis.

Mining News Pro - Canada’s GoviEx Uranium Inc. said on Wednesday it would appeal Zambia’s decision to terminate its Chirundu mining license.

Mining News Pro - Barrick on Thursday said there is “absolutely no truth” in a news release circulated on social media in Zambia claiming the gold miner sold its Lumwana copper mine.

Mining News Pro - Zambia`s attempt to force Copperbelt Energy Corp (CEC) to open up its infrastructure to other power producers has dented the country`s image as an investment destination, the Chamber of Mines said on Friday.

Mining News Pro - 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.

Mining News Pro - 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.

Mining News Pro - Junior Volt Resources has inked a binding term sheet to acquire an 85% interest in the Luiri Hill gold project, in Zambia.

Mining News Pro - Rio Tinto has entered into an earn-in and joint venture agreement with Vancouver-based junior Midnight Sun Mining (TSXV: MMA), under which the Anglo-Australian miner can earn up to a 75% interest in the latter’s Solwezi licenses.

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