STANBIC BANK BULLISH TOWARDS ZAMBIA’S MINING SECTOR OUTLOOK
Stanbic Bank says Zambia’s mining prospects look very bright on account of increased copper productivity and continued investments in the sector. The Bank is also...
Category : Business
FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3
First Quantum Minerals (FQM) has reported a 13 percent increase in copper production for the third quarter of this year, accompanied by a doubling of...
ZCCM-IH Expands Stake in Lubambe Copper Mines
ZCCM Investments Holdings PLC (ZCCM-IH) has secured a deal with Jinchengxin Mining Management Company Ltd (JCHX) to purchase an additional 10% shareholding in Lubambe Copper...
ZCCM-IH DELIVERS A K146 MILLION DIVIDEND TO IDC
ZCCM Investments Holdings Plc (ZCCM-IH) has handed over a K146 million dividend cheque to its majority shareholder, the Industrial Development Corporation (IDC), for the 2023...
First Quantum Declares Commercial Production at Enterprise Nickel Project
First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) declared commercial production as of June 1, 2024 at the Enterprise nickel mine, located...
KAGEM ranks in US$17.1 million
KAGEM Emerald Mine generated US$17.1 million from the auction of emeralds in March, hitting the US$1 billion mark in terms of revenue generated from the...
JAPAN PLEDGES 1.5 BILLION USD INVESTMENT IN ZAMBIA’S MINING SECTOR
The Japanese government has pledged an investment of $1.5 billion to support investment by Japanese companies to boost Zambia’s mining sector. Japan’s Minister of Economy,...
Bearings International fosters a segment strategy to keep customers ‘in motion’
Bearings International’s (BI) segment approach to the market places an intentional focus on key industries in South and Sub-Saharan Africa in a bid to optimise...
DECLINE IN MINING REVENUE IN FIRST QUARTER OF 2023 ATTRIBUTED TO NON-OPERATING OF KCM AND MOPANI
Economist Noel Kabwita has attributed the mining revenue decline in the first quarter of 2023 to non-operating of Konkola Copper Mines –KCM- and Mopani Mines...
Vedanta Resources repays $800-mn loans to StanChart
The company has repaid three facilities, which were taken from Standard Chartered Bank, London and Hong Kong, VRL said in a stock exchange update. London-headquartered...