Copper hits new 2-year high at $10,000 per ton
By Mubanga Mubanga Copper prices have now hit $10,000 a ton, a new high in two years, on assumptions that miners will struggle to service a surge in demand for…
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SA company allegedly involved in gold scam receives jet from Zambia
An SA aviation company allegedly involved in a gold smuggling scheme has had its business jet returned after a Zambian court ruled that the seizure of the aircraft was unprocedural,…
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Negotiations for new conditions of service commence at Mopani – Simujika … Union expects 3000 jobs to be created in Mufulira
By Isaac Zulu Negotiations for new conditions of service for workers at Mopani Copper Mines (MCM) have resumed. National Union for Miners and Allied Workers president Saul Simujika has confirmed…
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Rio Tinto Group, Saudi-backed company among suitors considering bids in FQM – Mining.Com
Rio Tinto Group and Saudi Arabia’s state-backed Manara Minerals Investment Co. are among suitors considering bids for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, according to people…
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Currency appreciation, reduced fuel prices push electricity cost 13.7% down in Kenya
Kenya Power has recently announced a significant reduction of 13.7 percent in electricity costs, effective from this month onwards, which comes as a welcome relief for consumers across the country. …
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We can’t manage to fight smuggling on our own – ZNS Commander … It’s good there is a law being worked on to jail smugglers for 5-years
By Agness Changala Zambia National Service commander Lieutenant General Maliti Solochi has urged Mwense Council chairperson Stephen Chikota to work with his office to curb mealie meal smuggling in his…
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Czech Republic donates $200,000 to Zambia for drought mitigation
By Mubukwanu Kaingu The government of Czech Republic has donated 200 thousand United States dollars to Zambia for drought mitigation, saying this demonstrates commitment towards supporting the country’s development agenda.…
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Only K1.3 billion of the required K23.5 is available for recovery needs owing to droughts – Hichilema
By Staff Reporter President Hakainde Hichilema says 9.8 million people have been adversely affected by the drought, and of these 6.6 million are in urgent need of humanitarian assistance “On…
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We expect deal with remaining creditors in months – Musokotwane tells Bloomberg
By Mubanga Mubanga Zambia has made good progress in concluding a marathon debt restructuring and is confident of soon striking agreements with its remaining creditors. “We expect the deal to…
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Be responsible in managing public funds, urges Musokotwane
By Staff Reporter Finance minister Dr Situmbeko Musokotwane has cautioned public officials who are charged with the responsibility of managing public funds to exercise prudence and comply with relevant laws,…
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