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COPPER

Zambia's Copperbelt Energy restores power to Konkola mines

Zambian electricity supplier Copperbelt Energy Corp has restored power supply to Konkola Copper Mines (KCM), it said on Friday, ending a week-long supply restriction stemming from a dispute over an unpaid bill. "It is our hope that in response to...
29th September 2014
 
COPPER

Vedanta's Zambia unit halts underground work due to reduced power

Zambia's Konkola Copper Mines (KCM) has suspended underground work at its Nchanga mine due to flooding caused by reduced electricity supply stemming from a dispute with Copperbelt Energy Corp (CEC). Copperbelt Energy restricted power to the mine...
25th September 2014
 
COPPER

Zambia Vedanta unit loses 482 t of copper due to reduced power

Zambia's Konkola Copper Mines (KCM) has lost 482 t of copper output worth $3.3-million after Copperbelt Energy Corp started restricting its power supply, it said on Tuesday. KCM, owned by Britain's Vedanta Resources, was forced to shut down its...
24th September 2014
 
ELECTRICITY

Zambia minister urges dialogue over mine power dispute

Zambia's energy minister on Monday called for dialogue between Copperbelt Energy Corp and Vedanta Resources to end a power supply dispute that has paralysed the British mining company's operations. Copperbelt Energy on Sunday cut power to...
23rd September 2014
 
GEMSTONES

Gemfields triples FY revenue to $160m

Posting a threefold jump in revenue from $48.4-million in 2013, to $160.1-million for the year ended June 30, gemstone producer Gemfields has enjoyed what CEO Ian Harebottle describes as a “stellar year”, during which the miner saw record...
22nd September 2014
 
power & mining

Zambia power firm restricts power supply to Vedanta unit

Zambia's Copperbelt Energy Corporation, has cut down power supply to the Konkola Copper Mines (KCM) owned by London-listed Vedanta Resources after a dispute over electricity bills, the mining company said on Sunday. Konkola last week lost a court...
22nd September 2014
 
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
 
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
 
 
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