zambia

Zambia: Largest Solar Plant Complete

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

President Edgar Lungu has commissioned a 54-MW solar power plant, as the construction of the Bangweulu plant reached completion. The plant is Zambia’s largest renewable energy project, constructed at a cost of $60 million. The solar power plant under the Bangweulu Power Company Limited is a JV of the Industrial Development Corporation and Neoen, a French company. The World Bank Group’s Scaling Solar Project awarded a contract to Neoen to construct a 100 MW solar…

Mining vs Safety: Two killed in accident at Glencore’s Zambian mine

Posted on March 20, 2019March 20, 2019 by Mozambique Resources Post

Two workers died in an accident at Glencore’s Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said.

Zambia: Xtract enters option agreement for Eureka project

Posted on March 6, 2019March 6, 2019 by Mozambique Resources Post

Xtract Resources has concluded a memorandum of agreement with KPZ International to enter into an option agreement for the Eureka copper/gold project area, in Zambia.

Africa Energy: Zambia, Zimbabwe cut Kariba Dam power generation

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

Zambia and Zimbabwe reduced power generation to around half capacity at their power stations at the Kariba Dam as water levels in the reservoir fell, Zambia’s State-owned Zesco said on Monday.

Africa Mining: “Zambia will enforce copper import tax” – Mining Minister

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said.

Africa Mining: Zambia receives bids for stake in state mining investment arm

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

Zambia has received bids from Canada’s First Quantum Minerals (FQM) and others for a 17 percent stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday.

Africa Mining: “Threats don’t solve problems” – Barrick CEO on Zambia tax dispute

Posted on January 29, 2019January 29, 2019 by Mozambique Resources Post

Barrick Gold’s new CEO, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia.

Africa Mining: Zambia’s mining investment arm ups stake in Copperbelt Energy

Posted on January 29, 2019January 29, 2019 by Mozambique Resources Post

Zambia’s mining investment arm ups stake in Copperbelt Energy Zambia’s state mining investment arm is increasing its shareholding in Copperbelt Energy Corporation (CEC) by four percent, its CEO said on Monday.

Africa Energy: World Bank to Fund Zambia Electrification

Posted on January 28, 2019January 28, 2019 by Mozambique Resources Post

The government of Zambia will see funds from the World Bank in the amount of $26.5 million to enhance electricity access across rural areas. The project has been funded by a financial credit and will be implemented by the Rural Electrification Authority and ZESCO (the state-owned power company in Zambia).

Africa Mining: First Quantum calls off massive job cuts in Zambia

Posted on January 25, 2019January 25, 2019 by Mozambique Resources Post

First Quantum Minerals (TSX:FM) has scrapped plans to lay off 2,500 workers in Zambia over an increase in mining taxes, and has committed to extend talks with the southern African nation’s government over the issue.

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