R/€ = 16.61 Change: 0.00
R/$ = 14.80 Change: 0.01
Au 1340.90 $/oz Change: -14.02
Pt 801.00 $/oz Change: -13.09


Zambian President threatens to fine miners who break law

By: Reuters     13th June 2019 Zambia will fine and break ties with mining firms that fail to operate according to the southern African country's laws, President Edgar Lungu said on Thursday, escalating a dispute with India-listed Vedanta. Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run... 

Vedanta denies sabotaging KCM operations 

By: Marleny Arnoldi     13th June 2019 Diversified miner Vedanta Resources on Thursday denied allegations of the company’s involvement in “certain problems” being experienced at its Konkola Copper Mines (KCM) operations, in Zambia. This comes amid court proceedings launched by the State to have KCM wound up.  

Broll Signs Exclusive African Affiliation with Cushman & Wakefield

By: Creamer Media Reporter      13th June 2019 Broll Property Group, the largest independently owned Pan-African commercial property services company, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading global real estate services company. The new venture represents a partnership with Broll’s Occupier... 

KCM plans to restart smelter on June 22

By: Reuters     12th June 2019 Konkola Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, the company said on Wednesday. KCM said the Nchanga smelter, near Zambia's border with the Democratic Republic of Congo, had been idle pending availability of concentrates. 

Top trends energising Africa’s power sectors

By: Creamer Media Reporter      12th June 2019 An optimal energy mix for Africa relies on a variety of generation technologies. In fact, in a 2015 report McKinsey estimated that if every country in Africa had to build to meet their current electricity demand, the region would require about $490 billion of capital for new generating capacity –... 

Judgment reserved in Vedanta’s application to join KCM proceedings 

By: Marleny Arnoldi     11th June 2019 Diversified miner Vedanta Resources on Tuesday said its application to be joined to the confirmation hearing for the ex parte appointment of a provisional liquidator for its Konkola Copper Mines subsidiary had been heard by judge Annesie Banda-Bobo in the Lusaka High Court and that judgment had... 

Zambian government has no plans to seize First Quantum assets – sources 

By: Reuters     11th June 2019 Zambia has no plans to seize the assets of First Quantum Minerals and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters. Canadian-listed First Quantum has looked on nervously as the... 

Vedanta to challenge winding up of Zambian business in court

By: Reuters     11th June 2019 Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show. According to a notice filed in court on June 6, Vedanta... 

Copper anomaly identified at ABM’s Kisinka project

By: Tasneem Bulbulia     7th June 2019 Aim-listed African Battery Metals on Friday reported the identification of a copper anomaly related to the undifferentiated roan horizons passing through the length of its Kisinka copper/gold licence area in the Democratic Republic of Congo (DRC). In a statement on Friday, African Battery Metals... 

DHL rolls out e-commerce platform to more African markets following initial success

7th June 2019 Following the success of the DHL Africa eShop app in 11 countries across Sub Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in nine more countries across the continent.... 

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