The kwacha has depreciated against the South African rand to breach the K0.90 per rand for the first time since November, 2015. And financial market analyst Mambo Hamaundu says the kwacha’s depreciation against the rand […]

Zambia Airways Limited has appointed Ethiopian national Bruk Endeshaw Abebe as the company’s inaugural chief executive officer effective immediately. In a statement availed by acting chairperson of the board of Zambia Airways Bonaventure Mutale, SC, […]

First Quantum Minerals Limited (FQML) has offered the Zambian government US$700 million to buy off the latter’s 20 per cent stake in its subsidiary Kansanshi Mining Plc through ZCCM-IH. According to Bloomberg, the Canadian miner, […]

The annual rate of inflation has remained at 7.9 per cent for January, 2019, with food and non-alcoholic beverages accounting for 4.3 per cent, according to Central Statistical Office (CSO) data. Announcing Zambia’s annual rate […]

ZCCM-IH says the uncertainty in the 2019 mining fiscal regime may affect its profitability and dividends payable to government. And ZCCM-IH has increased its shareholding in Copperbelt Energy Corporation (CEC) to 24 per cent from […]

Zambia has recorded a marginal increase in its copper production for 2018 to around 861,946 metric tonnes from 799,329 tonnes recorded in 2017, boosted by First Quantum Minerals’ (FQM) operations in Kalumbila District. But last […]

Konkola Copper Mines (KCM) has announced that the 2019 mining fiscal regime will not lead to any job losses at any of its operations. In a statement jointly-issued by Ministry of Finance spokesperson Chileshe Kandeta […]

Ministry of Mines Permanent Secretary Paul Chanda says some mining companies are yet to submit their financial models explaining how the 2019 mining fiscal regime will hurt their profitability. And Chanda disclosed that the mine […]

Government’s insistence to implement Sales Tax this April will kill Zambia’s already stressed economy, a certified fraud examiner and tax expert has warned. In a statement outlining the dangers of implementing the controversial Sales Tax […]

First Quantum Minerals Limited (FQML) hit a record-breaking 605,853 metric tonnes in copper production last year, preliminary data shows. According to a news release issued by the mining giant, data shows that FQM recorded a […]