Business

Copper falls below $10,000 per tonne – Mining.Com

Copper prices fell below $10,000 a metric ton as traders weighed a sharp rise in global inventories and soft US job openings data that reinforced bets that the Federal Reserve…

Vedanta well positioned to seize India’s economic boom using metals, gas – Agarwal

By Staff Reporter Vedanta Resources chairman Anil Agarwal says as the economic growth engine gathers steam in India, the demand for commodities is set to surge, and that the mining…

ZANACO announces upward tariff adjustments on Xapit management fees

The Zambia National Commercial Bank will effect upward tariff adjustments on the Xapit management fees, cash out and NFS Bank to mobile money transfers from the K11 they currently charge.…

Kwacha 8th worst performing currency in the world – Bloomberg

The Kwacha is the eighth worst performing currency in the world, among those that international media organisation Bloomberg tracks. According to Bloomberg, the Kwacha has continued to weaken against the…

Kawambwa Council embarks on K2.5 million CDF funded road

By Staff Reporter The Kawamba Town Clerk has commenced rehabilitation of the 2.5 kilometers Ntulo road funded by the Constituency Development Fund (CDF) and the local authority’s capital projects fund…

I can’t speculate on the right person to hold govt shares – Nkulukusa

By Patson Chilemba Secretary to Treasury Felix Nkulukusa says he does not want to speculate on the issue of who should hold government shares in state assets as he is…

Loadshedding will force companies to put factories under care and maintenance – Dodia

By Mubanga Mubanga The extended load shedding of 12 hours by Zesco may cause some manufacturers to put their factories under care and maintenance, Economist Yusuf Dodia has said. Speaking…

Copper price hits record $11,000 a tonne … Hedge Fund manager expects price to quadruple

By Mubanga Mubanga Hedge Fund manager Pierre Andurand expects the price of copper to almost quadruple to US$40,000 a tonne in the next few years as soaring demand causes global…

50% of our production time is affected by load shedding – Manufacturers Association

By Mubanga Mubanga The extended hours of loadshedding and inconsistent timing of power supply by Zesco is affecting us greatly, says Zambia Association of Manufactures (ZAM) president Ashu Sagar. Responding…

ZCSA, Mongu Council confiscates K15,670 worth of undergarments in Mongu

By Mubanga Mubanga The Zambia compulsory Standard Agency (ZCSA) in collaboration with Mongu Town has seized used undergarments worth K15,670 from traders in Mongu. According to the media statement issued…