Zambia plans mine-tax concessions while trimming budget deficit

Mining News Pro - Zambia plans to reduce its budget deficit next year, even as it makes further cuts to copper mining royalties, Finance Minister Situmbeko Musokotwane said.

Tertiary Minerals, FQM team up to boost copper exploration in Zambia

Mining News Pro - Shares in Tertiary Minerals jumped on Thursday after the junior said it had inked a technical cooperation agreement with First Quantum Minerals, which would “turbo-charge” its copper exploration projects in Zambia.

Vedanta agrees to suspend lawsuits over Zambia copper mines

Mining News Pro - Billionaire Anil Agarwal’s Vedanta Resources Ltd. confirmed it has agreed to suspend legal action to reclaim copper mines Zambia seized three years ago, pending talks to settle the dispute.

Zambia ends legal spat with Vedanta over seized copper mines

Mining News Pro - Zambia has agreed to end legal action against billionaire Anil Agarwal’s Vedanta Resources Ltd. as President Hakainde Hichilema seeks to revive mining output in the southern African country.

Vedanta offers Zambia investment commitments if handed back KCM

Mining News Pro - Vedanta Resources has offered to step up investment in Zambia’s Konkola Copper Mines (KCM) and implement several social responsibility programmes if it resumes control of the local firm, a company letter sent to the government showed.

Zambia “very close” to picking investor for Mopani copper mine

Mining News Pro - Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country.

Gemfields finds largest emerald ever at Zambia mine

Mining News Pro - Africa-focused Gemfields has found the largest emerald ever mined at its Kagem mine in Zambia — a 7,525-carat (1,505g) gemstone named Chipembele, which means “rhino” in the local dialect of Bemba.

Gemfields finds largest emerald ever at Zambia mine

Mining News Pro - Africa-focused Gemfields has found the largest emerald ever mined at its Kagem mine in Zambia — a 7,525-carat (1,505g) gemstone named Chipembele, which means “rhino” in the local dialect of Bemba.

Big miners reconsider Congo, Zambia risks as copper price surges

Mining News Pro - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.

Big miners reconsider Congo, Zambia risks as copper price surges

Mining News Pro - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.

Zambia’s Konkola liquidator arrested, calls money-laundering charges “baseless”

Mining News Pro - The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia’s money-laundering authority said on Wednesday.

Zambia mines minister takes aim at Konkola liquidation

Mining News Pro - Zambia’s mines minister on Monday criticised the previous administration’s push to liquidate Vedanta’s Konkola Copper Mines (KCM) unit, which sparked years of wrangling.

Zambia names new mines minister

Mining News Pro - Zambian President Hakainde Hichilema on Tuesday announced the appointment of lawmaker Paul Chanda Kabuswe as the country's new minister of mines and minerals and said central bank governor Christopher Mvunga had resigned.

First Quantum shelves stake sale for Zambia copper mines

Mining News Pro - Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, COO Tristan Pascall said on Wednesday.

First Quantum sees no `contagion` risk in Zambia after Mopani deal

Mining News Pro - First Quantum Minerals sees no risk of nationalization in Zambia following the sale last month of Mopani Copper Mines to the country`s mining investment arm ZCCM-IH, the Canadian miner`s chief operating officer, Tristan Pascall, said on Wednesday.

Zambia is done for now with taking over mining companies

Mining News Pro - Zambia isn’t looking to take over more mining companies, nor is the government planning to nationalize the industry, according to Finance Minister Bwalya Ng’andu.

Zambia is done for now with taking over mining companies

Mining News Pro - Zambia isn’t looking to take over more mining companies, nor is the government planning to nationalize the industry, according to Finance Minister Bwalya Ng’andu.

`The bucket is leaking`: Zambia opposition leader denounces debt-funded Mopani deal

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.

Glencore seals Zambia copper sale

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.

Zambian President pledges government support for Lubambe mine expansion

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.

Zambia concludes talks with Glencore on buying Mopani mine stake

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.

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

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.

Zambia`s copper production rose 9.45% this year

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.

Zambia sees deal over Mopani within a month

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.

Zambia’s plan to sell billionaire’s mines stuck in legal mire

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.

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