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Business
FQM’s copper output surges to 779,000 tonnes
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 […]
Inflation soars to 21.5%
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 […]
Free Trade Area isn’t working as it should – Kingsley
ZAMBIA Revenue Authority (ZRA) Commissioner General Kingsley Chanda says the Free Trade Area is not working as it ought to because member countries are still imposing barriers on this country’s exports. Speaking when he appeared […]
Glencore will benefit more than ZCCM-IH in Mopani deal – CTPD
GLENCORE Plc has transmitted all technical and market risk to ZCCM-IH following the sale of its majority stake in Mopani Copper Mines (MCM), a move that means that the former will benefit more than government, […]
Glencore will be earning 80% copper sales from Mopani – ZCCM-IH
ZCCM-IH chief executive officer Mabvuto Chipata says Glencore Plc will be collecting 80 per cent of copper sales over the next 10 to 17 years in order to pay off the US $1.5 billion Mopani […]
Increased load shedding will persist throughout Q1 – Zesco
ZESCO Limited has announced that increased load shedding will continue throughout this current quarter, pending the review of the water allocation from the Zambezi River Authority (ZRA) and coming onstream of the Kafue Gorge Lower […]
Govt will pay first instalment for Mopani in April – PS
ZAMBIA is expected to deposit its first instalment of the US $1.5 billion debt acquired following the attainment of majority shares in Mopani Copper Mines in April, 2021, Ministry of Mines Permanent secretary Barnaby Mulenga […]
We’ve sold 49% of KCM Smelter to recapitalise operations – Musukwa
MINES and Minerals Development Minister Richard Musukwa says 49 per cent of the smelter at Konkola Copper Mines (KCM) has been sold to recapitalise operations at the mine. And Musukwa says the UPND should start […]
Lumwana posts 35,380 tonnes of copper in Q4
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 […]
Fuel prices might rise despite govt’s waiver, caution OMCs
OIL Marketing Companies Association of Zambia (OMCAZ) president Dr Kafula Mubanga says fuel pump prices are likely to be adjusted upwards despite the government’s decision to waive the importation of finished petroleum products. On Tuesday, […]
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