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COPPER

Zambia waives VAT rule for mining firms, other exporters

Zambia will from September 8 waive a rule requiring mining companies and other exporters to produce import certificates from destination countries in order to claim tax refunds, the Zambia Revenue Authority (ZRA) said. Finance minister Alexander...
3rd September 2014
 
COPPER

Botswana blocks copper trucks from Congo on Ebola fears – Times of Zambia

More than 100 trucks hauling copper from the Democratic Republic of Congo (DRC) have been denied entry into Botswana over fears of an Ebola outbreak in Congo, leaving the trucks stranded at a border crossing, local media reported on Thursday. The...
28th August 2014
 
COPPER

Zambia says to waive VAT rule on mining firms, refund $600m

Zambia plans to waive a rule requiring mining companies and other exporters to produce import certificates from destination countries because it is impracticable, finance minister Alexander Chikwanda said on Tuesday. Chikwanda said the ministry...
26th August 2014
 
Base Metals

Base metals to see growth in Africa

PROSPECTING
Africa promises to yield increased amounts of base metals   
Africa, and Southern Africa is particular, is contributing significantly to the increase in global copper supply, says mining consultancy The MSA Group GM Dr Ian Haddon tells Mining Weekly that, in addition to copper, mining projects in Africa...
15th August 2014
 
CORPORATE ACTIVITY

Gemfields achieves second-highest revenue from lower-quality gems

Aim-listed Gemfields’ first auction of the current financial year netted the company the second-highest proceeds to be generated from lower-quality rough emerald and beryl sales. The rough emerald and beryl auction, held in Lusaka from August 5...
11th August 2014
 
GEMSTONES

Gemfields narrows emerald output in Q4

Gemfields’ 75%-owned Kagem emerald mine, in Zambia, tightened emerald output in the quarter ended June 30, yielding 6.3-million carats, compared with 8.9-million carats recovered in the comparable quarter of the previous year. Similarly, the...
7th August 2014
 
COPPER

Canada's First Quantum delays $1bn Zambia capex - director

Kansanshi, Zambia. Canada's First Quantum has delayed investment projects worth more than $1-billion in Zambia due to uncertainty over the fiscal regime in Africa's second biggest copper producer, a director said on Tuesday. Zambia plans to review mining taxes to...
24th June 2014
 
GEMSTONES

Gemfields emerald auction yields $13.5m revenue

Coloured-gemstones mining and marketing company Gemfields on Tuesday reported a gross revenue of $13.5-million after selling 268 000 ct of emeralds at auction. The revenue from this latest auction, which took place from April 28 to May 2, in...
6th May 2014
 
COPPER

Zambia electricity price hike threatens mining output - Chamber

Zambia's decision to increase electricity prices by almost 29% for mining companies is likely to hit operations in Africa's second largest copper producer, the Chamber of Mines of Zambia said. The bulk power supply agreement tariffs between state...
4th April 2014
 
COPPER

Copper prices below $5 000 could threaten Zambian mines - Minister

Zambian mines are still operating profitably, despite the fall in copper prices, but could be threatened if the price dropped below $5 000/t, Mines Minister Christopher Yaluma said on Saturday. Copper markets had been edgy over slowing Chinese...
17th March 2014
 
MINING TECHNOLOGIES

Gilat Satcom to sponsor mining summit in Lusaka

Generic satellite image Telecommunications group Gilat Satcom on Monday said it was set to sponsor the second yearly Great Rift Valley Mining Summit, where it planned to unveil new mining-focused mobile satellite services and technologies. The summit, held from March 13...
10th March 2014
 
GEMSTONES

Gemfields achieves record revenue at gem auction

Kagem emerald mine in Zambia London-listed Gemfields marked a “record revenue” year after its third auction of the year achieved revenue of $36.5-million after selling 15 of the 17 lots of gemstones on offer. The company reported in a statement on Wednesday that...
26th February 2014
 
 
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