BHP Billiton Ltd, the world’s leading mining company, slipped 2.5 percent to A$33.43. Equinox Minerals Ltd., owner of the Lumwana copper mine in Zambia, dipped 2.5 percent to A$2.69. For full story, click here
Continue reading "BHP Billiton slipped 2.5%"
Wednesday, June 24, 2009
Zambia President Rupiah Banda declared that he was willing to review copper mining taxes and he criticised the country’s opposition for blocking a Chinese firm from running a big mine. For full story, click here
Continue reading "Zambia oppostion has moved towards blocking Chinese Mine Deal"
Tuesday, June 23, 2009
Zambia Copper Mining declared that it has entered into a new term loan facility agreement with African Copper to refinance the existing bridging loan facilities it made to ACU subsidiary, Messina Copper. For full story, click here
Continue reading "At Copper seal deal with ZCI"
Friday, June 19, 2009
Zambia’s leading copper producer, Konkola Copper Mines, is battling to pump water which flooded underground sections of the mine following a nationwide power failure Monday. For full story, click here
Continue reading "Zambia's Power Failure has flooded Konkola Copper Mines"
Friday, June 12, 2009
Mining Minister Maxwell Mwale declared that Zambia is beginning to see a rebound in its crucial copper mining industry, which was hammered last year by plunging commodities prices. For full story, click here
Continue reading "Zambia has seen rebound in Copper"
Tuesday, June 2, 2009
Zambia’s state-run power utility is rationing electricity to its vital copper mines due to a water weed, introduced from Brazil in the 1990s as a flower, has blocked flows into the biggest hydro power dam. For full story, click here
Continue reading "Water Weed has choked Zambian Power Supply for Copper"
Wednesday, May 27, 2009
Zambia Copper Investments announced completion of a subscription agreement with African Copper, rasing its stake in the copper-miner to 82 percent. For full story, click here
Continue reading "Zambia Copper Investments raises stake in African Copper"
Monday, May 25, 2009
African Copper Plc, the owner of the Mowana mine, declared that it is planning to re-open its Botswana operation in the next three months after it got an injection of US $ 10 million from its Zambia Copper Investments, as part of a move to help the country’s budding miner to get off its feet. [...]
Continue reading "African Copper will reopen Mowana Mine soon"
Tuesday, May 19, 2009
African Copper Plc, the company that closed a mine in January after running out of cash, surged the most in a week in London trading after Zambia Copper Investments Ltd. agreed to lend it an additional $25.4 million. For full story, click here
Continue reading "African Copper has jumped on funding from Zambia Copper"
Wednesday, May 13, 2009
Zambia’s copper cathode output surged 17 percent to 167,185 tonnes during the first quarter of 2009 compared with the same period last year. For full story, click here
Continue reading "Zambia's Copper Cathode output surged 17%"
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Friday, July 3, 2009