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Business
26 Jan 2021
|
Natasha Sakala
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 […]
26 Jan 2021
|
Natasha Sakala
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 […]
25 Jan 2021
|
Abraham Kalito
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 […]
21 Jan 2021
|
Ulande Nkomesha
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 […]
21 Jan 2021
|
Stuart Lisulo
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 […]
21 Jan 2021
|
Abraham Kalito
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, […]
19 Jan 2021
|
Abraham Kalito
ZCCM-IH completes Mopani takeover
GOVERNMENT has finally acquired a majority stake in Mopani Copper Mine following a conclusion in negotiations with Glencore last week. And Mines Minister Richard Musukwa says $300 million is required to instantly revamp mining operations, […]
18 Jan 2021
|
Abraham Kalito
Hiring Highgate Ltd as comms advisor on debt unnecessary – Kanyama
ECONOMIST Chibamba Kanyama says government’s decision to hire Highgate Advisory Limited as communications advisor in the debt management process is unnecessary because Lazard’s contract should have come with that component. In an interview, Kanyama said […]
14 Jan 2021
|
Ulande Nkomesha
ZRA still owes mines K7.1bn in VAT refunds
THE Zambia Revenue Authority (ZRA) still owes mining companies a total of K7.1 billion in VAT refunds, says ZRA Commissioner General Kingsley Chanda. And Chanda has announced that the Authority paid a total of K12.9... […]
12 Jan 2021
|
Brandina Munyama
SA shuts down 20 land port entries
SOUTH Africa has announced the closure of 20 land port of entries until February 15, 2021, as part of the ongoing alert level three measures to fight increasing numbers of Coronavirus infections in that country. […]
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