THE annual rate of inflation has continued rising to hit 22.2 per cent in February, up from 21.5 per cent recorded last month, mainly induced by sustained price increases in food items, a near-five-year high, according to the Zambia Statistics Agency (ZSA). Announcing Zambia’s annual rate of inflation for the month of February, ZSA Interim...

ZAMBIA has recorded a huge increase in its copper production for 2020 to over 882,000 metric tonnes from 796,432 tonnes recorded in 2019, mainly triggered by record-breaking output from First Quantum Minerals’ (FQM) subsidiary companies, which collectively posted the highest last year. But Zambia Chamber of Mines data has revealed that last year’s copper output...

FIRST Quantum Minerals (FQM) Limited has posted an increased gross profit of over US $1.1 billion during its 2020 financial year ending December 31, mainly boosted by higher sales volumes of copper and gold. In a statement, the Canadian miner posted an increased gross profit of around US $1.1 billion last year, up from US...

ZAMBIA’s High Commissioner to South Africa Major General Jackson Miti says the Mission has engaged a number of South African companies to partner with Zambian companies to promote trade balances between the two countries. In a statement availed by First Secretary for Press and Public Relations at the High Commission in Pretoria Naomi Nyawali, General...

THE cost of living for a family of five has skyrocketed to nearly K8,400 in January, 2021, a new all-time high, mainly triggered by high inflation, says the Jesuit Centre for Theological Reflection (JCTR). In a statement showing the latest Basic Needs and Nutrition Basket (BNNB), the JCTR stated that the cost of living for...

FIRST Quantum Minerals (FQM) Limited has posted record-breaking copper production of 779,000 metric tonnes in 2020, mainly boosted by its Kalumbila-based Sentinel Copper Mine, whose output soared to 251,000 tonnes. And the Canadian miner’s capital expenditure is projected to hit around US $950 million this year and in 2022, which includes US $40m in each...

THE annual rate of inflation has again jumped to 21.5 per cent in January, up from 19.2 per cent recorded in December, mainly induced by massive price increases in food items, the highest on record since April, 2016, according to the Zambia Statistics Agency (ZSA). Announcing Zambia’s annual rate of inflation for the month of...

WHOEVER wins Zambia’s presidential election must be allowed to be sworn- in peacefully following the results of the August 12 general election, says US Embassy in Zambia interim Chargé d'Affaires David Young. And Chargé d'Affaires Young says a free press remains essential during and after a hotly-contested election campaign to effectively apply checks and balances...

BARRICK Gold Lumwana has recorded increased copper production of around 35,380 metric tonnes in the last quarter of 2020, up from 28,576 tonnes in the corresponding period in 2019. According to its preliminary results, the Canadian miner posted a total of 53,977 tonnes of copper from all three of its copper-producing assets, with Lumwana yet...

INCOMING US President Joe Biden will have the unenviable task of rebuilding America’s battered image in the eyes of the world once he takes over from outgoing President Donald Trump, says veteran politician and diplomat Vernon Mwaanga. Commenting on the scenes of mayhem that rocked Capitol Hill in Washington, D.C., where President Trump’s supporters besieged...