Vedanta's KCM says to cut 2 000 mining jobs in Zambia

Zambia's Konkola Copper Mines owned by London-listed Vedanta Resources will cut 2 000 jobs to restore profits, the company said on Friday, in a move likely to spark labour unrest in the continent's top copper producer. "With the depression in the...

Zambia's Konkola says smelter to remain shut for one month

Zambia's Konkola Copper Mines, owned by London-listed Vedanta Resources, said on Tuesday that its Nchanga smelter will remain shut for one month. Konkola last week closed the smelter as a result of a metal leak through the wall of a furnace.

Auction generates $15.2m revenue for Gemfields

Aim-listed Gemfields sold 6.3-million carats of predominantly lower quality rough emeralds and beryl extracted from its Zambia-based Kagem mine, last week, generating $15.2-million in revenue. The auction was the second of the current financial...

Gemfields warns of possible Zambia ban on overseas gemstone auctions

Aim-listed gemstone miner Gemfields has warned shareholders of a possible ban by the Zambian government on the sale of domestically mined gemstones outside of the country, which would severely impact on the company’s revenue. If instituted, the...

Zambia asks mining firms to reduce electricity use

LUSAKA  - Zambia's state-owned utility Zesco Ltd has asked mining companies in Africa's top copper producer to cut back on electricity use to help ease a power shortage, its managing director said on Friday. Zambia generates 1,746 megawatts (MW)...

Seychelles-registered group clinches Konkola underground development contract

Seychelles-registered mining contracting company Group R Mining & Exploration has been awarded a five-year contract for decline and ancillary underground development at Vedanta’s Konkola copper mine, at Chililabombwe, in Zambia.

Water expertise

Specialist contractor in the water and wastewater treatment industry WEC Projects will showcase its expertise at this year’s Electra Mining Africa exhibition. WEC Projects sales and marketing manager Graham Hartlett reports that the...

Zambia tightens mine tax collection regulations

Zambia, Africa's top copper producer, has tightened its regulations on taxation of mining companies to boost compliance and revenue collection, the minister of mines said on Saturday. President Michael Sata has expressed concerns that copper...

Glencore restarts output at shut Zambia plant

Glencore International's Mopani Copper Mines has resumed production at its Zambian copper treatment plant, which was shut in March for pollution violations, it said on Saturday. "It is with great delight that stakeholders have managed to reach an...

Zambia 2011 copper output eclipses 2010

Copper production in Zambia, Africa's top producer of the metal, rose to 869 058 t in 2011 from 852 566 t the previous year, the central bank said on Monday. Exports between January and December also rose to 876 555 t from 829 726 t the previous...

Company Announcement: Agility and Partnership are Key Drivers for Mining Suppliers in Africa

Johannesburg – South Africa – February 2012 - With an estimated explosive sales’ potential for Africa’s greenfields pegged at 500 million US dollars over the next 5 years, mining services companies need to step up and provide quality...

Konkola miners win 17% pay rise

Konkola Copper Mines, the Zambia miner owned by Vedanta Resources, has awarded its workers a 17% pay increase, ending weeks of negotiations, a union official said on Friday. "We signed the new agreement yesterday and the lowest paid employee will...