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After Default, Zambia's Outsized Bet on Copper Could Play
2021/4/27Global News Select After Default, Zambia's Outsized Bet on Copper Could Play Into China's Hands Provided by Dow Jones Apr 27, 2021 9:23 AM UTC By Alexandra Wexler and Nicholas Bariyo Zambia, which
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Zambia
A virtual guide to Zambia, officially the Republic of Zambia, a landlocked country in central south Africa, separated from Zimbabwe by the Zambezi River. Zambia is also bordered by Angola, Botswana, the Democratic Republic of the Congo, Malawi, Mozambique, Namibia, and Tanzania.
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Zambia: Glencore to close copper mining operations for three
2020/4/7It had been forecast to generate between 50,000 and 70,000 tonnes of copper this year, but has struggled against a tough operating and regulatory backdrop in Zambia. Glencore, which separated its African copper business from its wider copper operations last year, launched in March a review of MCM aimed at cutting spending.
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ARGONAUT RAISES CASH FOR ZAMBIAN COPPER DRILLING PROJECT
2021/6/17ARGONAUT RAISES CASH FOR ZAMBIAN COPPER DRILLING PROJECT. AUSTRALIAN-based Junior Argonaut Resources has completed a A$5.2-million private placement to professional and sophisticated investors to fund drilling work in Zambia. According to Miningweekly, the company on Tuesday announced that it placed 693.3-million shares, at a price of 0.75c a
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The copper industry is vital to Zambia's economic revival and future prosperity. With restoration and improvement, KCM can help Zambia regain its status as a world leader in copper production. Vedanta has pledged to invest $1.5 bn into the KCM integrated asset to bring back the glory days of Zambia. ABOUT. Hover over slide to pause.
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Tokyo Olympics: Zambia's Copper Queens out to shine despite
2021/7/19Zambia's Copper Queens are aiming to continue defying the odds as they represent Africa in women's football at the Tokyo Olympics. Archive of Zambia's Barbra Banda: The striker who is also a
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Arc Minerals Shares Rise on 'Massive' Copper Intersections in Zambia
Shares in Arc Minerals Ltd. rose Wednesday after it reported massive sulfide copper intersections at its Cheyeza East project in Zambia. The mining company said the intersection provides support
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Zambia's Konkola Copper Mines liquidator arrested, calls money
2021/9/29The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia's money-laundering authority said on Wednesday. The money is said to have come into his possession by virtue of being the Provisional Liquidator for Konkola Copper Mines Plc, the Drug
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Zambia's Copper production to slow down from 2022
2021/8/13An assessment of Zambia's copper production is likely to slow down from 2022, following a resource nationalistic rhetoric that will be a key deterrent for Zambia's Copper production to slow down from 2022. Follow the Vaultz News for more news updates and
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Tertiary looks to acquire majority stakes in Zambian copper licenses
2021/8/3Credit: Albert Hyseni on Unsplash. Tertiary Minerals subsidiary Luangwa Minerals has signed an option agreement to acquire up to a 90% interest in five copper exploration licences in Zambia from Mwashia Resources. The agreement would help Luangwa Minerals earn a stake in exploration licence 27069-HQ-LEL, also called Jack's Licence.
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Zambia: Konkola copper mine falls prey to cable thieves
2017/7/26Zambia copper mine falls prey to cable thieves. On Tuesday, Zambia's Konkola Copper Mines (KCM) announced that operations at its Nchanga underground mine (NUG) in Chingola state would be paused indefinitely following theft of high voltage cables. Engineering News reported that Konkola, a subsdiary of London-listed Vedanta Resources, had also
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Copper
2017/12/15Zambian cotton is grown primarily by smallholder farmers. So the sector could be an effective tool for tackling the country's prevailing poverty - especially in rural areas - which actually worsened during the copper boom years. Between 2002 and 2010, the poverty headcount ratio at US$1.90 per day soared from 49% to 64%.
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China's CNMC says followed the law in closing Zambian copper
2015/9/14China's CNMC Luanshya Copper Mines followed Zambian law when it closed the Baluba mine and sent more than 1,600 workers on forced leave due to plunging prices and energy
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Zambia's Konkola Copper Mines liquidator arrested, calls money
2021/9/29The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia's money-laundering authority said on Wednesday. The money is said to have come into his possession by virtue of being the Provisional Liquidator for Konkola Copper Mines Plc, the Drug Enforcement Commission, which
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Four Big Mines Dominate Zambia's Copper Production
2016/6/24The "Big Four" are Barrick Lumwana, FQM Kansanshi, Mopani and KCM (Konkola Copper Mines) . They account for around 80% of Zambia's annual copper production. They account for most of the mining employment, most of the corporate social investment and most of the media publicity.
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FOCUS: Zambian copper industry warns new tax regime will hit
2019/3/18Zambia is home to Africa's largest copper mine, Kansanshi, as well as other major sites including Sentinel and Konkola. Market sources gave different estimates on Zambian mined copper production last year, ranging 678,000 to 861,000 tonnes.
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ZAMBIA COPPER PRODUCTION HITS OVER 800,000T
2021/2/23ZAMBIA, which is Africa's second largest copper producer, last year mined a record high production registering a 10.8 percent increase from that produced in 2019. Mines Minister Richard Musukwa disclosed on Tuesday, calling it a 'historical high' for the country. The mining sector produced 882, 061 tonnes of copper in 2020, up 10.8 percent from 796, 430
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Will Zambia benefit from the current copper price boom? – Zambian News
15 Mar 2018 --. No Comment. By Claude Kabemba and Edward Lange. Today, the prices of copper and cobalt, the minerals in which Zambia has the largest stake, have risen at an unprecedented high rate of $7,000 and $80,000 per tonne respectively. This increase in price of these two minerals is a great opportunity for the economy of Zambia.
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Vedanta seeks urgent technical fix for Zambian copper mine
2017/2/9Vedanta has three smelters in Zambia, Africa's second biggest copper producer, and the import duty was expected to disrupt the supply of copper concentrate from
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Port of Walvis Bay pivotal in Zambia
2021/11/3The copper cathodes were produced at the Mopani Copper Mine in Zambia and transported to Walvis Bay by road. "Due to the ongoing global shortage in containers, it has become a phenomenon for shippers to opt for their consignments to be carried by bulk vessels to ensure continuity of operations and less dependency on containers", Namport explained in a statement.
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Jubilee secures additional copper and cobalt refining capacity in Zambia
2021/8/25Jubilee secures additional copper and cobalt refining capacity in Zambia. An MoU signed with Mopani Copper Mines to use the latter's refining capacity will enable Jubilee Metals to increase its existing copper refining capacity by an additional 17,000 tonnes of copper per annum. Jubilee Metals signs MoU with Mopani Copper Mines for securing
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Mining firms in Zambia call for predictable env't to spur
2021/10/6Mining firms operating in Zambia on Tuesday called for a predictable business environment that will enable the sector to inject more investments in production. The Zambia Chamber of Mines, an organization representing foreign mining firms operating in Zambia, said a supportive environment, stable policies and exploration were key in the long-term future of the mining industry in Zambia.
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After Default, Zambia's Outsized Bet on Copper Could Play Into China's Hands
2021/4/27After Default, Zambia's Outsized Bet on Copper Could Play Into China's Hands Zambia takes on $1.5 billion debt to acquire loss-making mine, raising fears it could ultimately hand strategic
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Mend your relations with investors to benefit from high copper prices, Magande urges govt
2021/5/4FORMER Finance Minister Ng'andu Magande says government and investors should work on their relationship so that they can take advantage of the high copper prices. 23 Parirenyetwa Road Rhodes Park P.O. Box 32147 Lusaka, Zambia Telephone or WhatsApp:
Get PriceCopper in Zambia: Charity for multinationals
2011/6/2In April 2008, the last year of the five-year commodity boom, when copper hit US$9,000 per tonne, then-Zambian president Levy Mwanawasa exclaimed that Zambia must no longer accept the pennies from copper mines. And though prices increased, Zambia's revenue actually decreased, by 50 per cent from 1.4 per cent (2003) to 0.7 per cent (2004).
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Big miners reconsider Congo, Zambia risks as copper price surges
2021/10/13Big miners reconsider Congo, Zambia risks as copper price surges. LONDON, Oct 13 (Reuters) - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.
Get PriceZambia royalty spat halts $2 billion of copper mine projects
2020/9/30Zambia royalty spat halts $2 billion of copper mine projects. Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. A plan by First Quantum Minerals to invest $1 billion extending the life of its Kansanshi operation won
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Zambia's new president tackles debt mountain and empty
Last year, Zambia, Africa's second-biggest copper producer, became the continent's first country to default since the start of Covid-19 after it skipped payments on US dollar eurobonds.Out of
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Bezant says Zambian Minemba prospect has considerable copper potential
2021/9/20Mon, 20th Sep 2021 11:34. (Alliance News) - Bezant Resources PLC on Monday said its Minemba Prospect Kalengwa copper project in Zambia has considerable copper mineralisation potential. The London
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Copper News: Mining Commodities
An extensive look at the copper mining industry, copper prices and the latest news and developments as they unfold. Mining Journal is your source for commodities updates. Home
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BBC News
2002/1/25Blow to Zambia copper industry. The Anglo American decision could have a huge social and economic impact on the copperbelt. Mining giant Anglo American is to pull out of its Zambian copper mining operations. The Zambian government has sought to reassure the company's 10,000 workers that their jobs are safe. Anglo American says the low price of
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Zambia Copper (ZCI) News Headlines
Zambia Copper Share News (ZCI) Follow ZCI [ADVERT] Share Name Share Symbol Market Type Share ISIN Share Description Zambia Copper LSE:ZCI London Ordinary Share BMG988431240 BD$0.24 Price Change % Change Share Price Bid Price 0.00 ----0
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