Zambia Mining News

Did $78 billion South African gold exports really go missing?

According to a UN report, since 2000 two-thirds of South Africa's gold exports – mostly to India – did not appear on its trade partners' books.

Top 10 copper producing countries

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

Big shot in the arm for Zambia

Glencore's $1.1 billion investment in Mopani marks a turnaround for Zambia’s copper sector and will help lift economic growth to 5% by 2018.

Zambian copper mining under threat, stable rules needed

Hit by a slump in copper prices, Zambia should maintain stable mining policies and taxes to avoid losing out to new, lower cost mines elsewhere, said the Chamber of Mines President Nathan Chishimba.

Glencore axes jobs, coal output at Australia’s mine as price collapses

The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.

Follow the yellow brick road: a journey into the world of coloured gemstones

For nearly five centuries gemstones have been synonymous with wealth, power, luxury and royalty.

Gemfields shares soar on ‘knock out’ auction results

The emeralds and rubies miner raised $19.2 million from its recent auction in Jaipur, India.

Glencore shares soar on faster than expected debt reduction

The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.

African Potash signs supply deal with Zambia distributor

The contract will give the company, which wants to become a one-stop shop African fertilizer business, a platform to distribute the product across eastern and southern Africa.

Gemfields mine in Zambia richer than initially thought

According to SRK, the company needs to spend $84 million over the first four years of the project

Glencore to sell part of its Chile, Peru copper output

The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.

Former Anglo CEO Cynthia Carroll is back, joins Vedanta's unit board

Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.

Glencore to reduce debt after getting $2.5 billion in shares sale

The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.

Zambia orders Vedanta unit to get rid of Chilean copper

The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.

Africa mining stumbles, raising fears of job loss chaos

As mining companies in resource-rich Africa bleed jobs due to plunging commodity prices, the ripple effect of redundancies has raised concern about social unrest amid declining economic growth.

MechCaL expands its footprint into Zambia

This marks a key point in the company’s on-going geographic expansion strategy which is aimed at increasing its presence in key growth markets.

Glencore fights back — to slash debt by $10bn, halt copper mines in Africa

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

Vedanta forces 133 of its Zambian workers to take paid leave

Konkola Copper Mines, owned by Vedanta, said the move was a result of poor metal prices, which has hit the global copper industry very hard.

First Quantum begins production at $2.1bn Sentinel copper mine in Zambia

The Vancouver-based miner aims to produce 280,000 to 300,000 tonnes of the red metal a year, but commercial levels won't be reached until state power utility Zesco finish connecting the mine to the power grid.

Copper down to fresh six-year low after China market falls

The red metal dropped to $5,012 on trading on the London Metal Exchange, approaching the level of $5,000 it last hit in late 2008.

Mining firm faces pollution allegations in Zambia

London-listed Vedanta Mining (LON:VED) will be in court to defend itself against claims by hundreds of Zambian villagers that its copper mining operations polluted a water source and farmland.

Zambia power cuts feed copper supply worries, lift prices

Power restrictions could hit output of most copper mines operating in the country.

Zambia mining industry says new rules to scare investors, deter local processing

The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.

Prepare for flood of copper concentrate

New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.

Zambia to slash royalties, reinstate mining tax

The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.