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24 Onshore Construction Company employees in Chingola have been sent back to India for gross misconduct and inciting fellow employees to strike following Monday's protest...
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Luiri Gold Limited is pleased to announce that it has finalized its resource updates resulting from the 9,244m diamond drilling programme recently completed at the Luiri Hills Project (Dunrobin and Matala deposits) in Zambia. The new mineral resource estimates show a significant increase in gold ounces...
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Zambia's parliament approved an amendment to the Mines and Minerals Act that will increase taxes and abolish existing agreements between the government and mining companies, the Zambian Chamber of Mines said. The bill, which will be signed into law by President Mwanawasa on April 1, will lift royalties...
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Dan Haglund argues strongly against the government taking unilateral action through the new mining tax regime at the Mine Watch blog . Excerpt:
To sum up, I believe government is doing the right thing reforming the fiscal framework, but it is also adopting a strategy which appears, on the face of it...
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Thirty foreign and local companies have tendered for shares in Zambia's major coal supplier to its copper mines, a senior industry official said on Wednesday. Joseph Chikolwa, chief executive officer of ZCCM Investments Holdings, which wholly owns the Maamba Collieries Ltd mine, said tenders would...
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The Chinese managers of Zambia's Chambishi Copper Smelter (CCS) agreed on Thursday to reinstate 500 workers who had been sacked, their union said.
"They have assured us that everybody will get back to work and we hope normal operations will resume on Monday," National Union of Mining and...
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The Financial Post has a nice piece on how Equinox Minerals secured Lumwana, and are now poised for greatness. Excerpt:
Lumwana was discovered in 1961, but there was no serious work done on it until Equinox got involved in 1999. At the time, the property was controlled by Phelps Dodge Corp., a major...
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Reuters reports that Zambia & China are now on verge of signing a deal that would see fifty Chinese companies invest over $800 million in the Chambishi tax free economic zone within the next five years. According to Felix Mutati (Commerce Minister), in addition to removing tax restrictions, the Zambian...
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Zambia has asked foreign mining companies for alternative proposals following their criticism of planned tax changes, officials said on Friday, according to a Reuters story. "As a committee, we believe the government has done its research worldwide on which they are basing their proposal,"...
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Metorex, which depends heavily on copper earnings, continues to be sold down by investors while dozens of other listed copper stocks around the world continue a dazzling upwards rip. On January 24 Metorex took the unusual step of publishing an announcement dealing specifically with the activity in, and...