Base Metals

Zambia is “not in a position of crisis”, says Lungu of...

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ZAMBIA would be able to repay its debt and would soon emerge from an economic slump, said Bloomberg News, citing the comments of the...

Vedanta dismay as Zambia High Court rejects application, Lungu lines up...

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VEDANTA Resources expressed dismay at a High Court decision in Lusaka today in which the judge rejected the firm's application to be joined to liquidation...

Congo sends troops to protect China Molybdenum’s Tenke Fungurume from artisanal...

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THE Democratic Republic of Congo (DRC) has deployed troops to protect the property of China Molybdenum's Tenke Fungurume copper mine, but a watchdog group expressed...

Zambia’s Mopani Copper Mines shuts Mufulira smelter for refurbishment

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ZAMBIA'S Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, said Reuters citing the company which is owned by Glencore. "The...

Zambia’s Lungu threatens to fine companies failing to meet country’s mining...

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ZAMBIA will fine and break ties with mining firms that fail to operate in compliance with the southern African country’s mining legislation, said Reuters...

Vedanta rejects reports of KCM “sabotage”, seeks urgent meeting with liquidator

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VEDANTA distanced itself from allegations published in local Zambian media that it was involved in the sabotage of facilities owned by its Konkola Copper...

Zambia mines minister Richard Musukwa hits out at Vedanta for failing...

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THE Zambian government had applied for the provisional liquidation of Konkola Copper Mines (KCM) because it was late in implementing its plans, had failed...

KCM to restart operations at Nchanga smelter as court date with...

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KONKOLA Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, said Reuters, citing the company. KCM said the...

Zambia not turning sights on First Quantum Minerals amid KCM fallout

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THE Zambian government would not seize the assets of First Quantum Minerals, a Toronto-listed firm that has been operating in the southern Africa country...

Gecamines rejects criticism about destiny of tax payments, citing company overhaul

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GECAMINES, the Democratic Republic of Congo's (DRC's) state-owned base metals company, rejected criticism it ought to pay tax advances to the country's tax authorities,...