CNMC Luanshya Copper Mine to pump US$13 million to reopen Baluba Mine

China Nonferrous Mining Corporation Luanshya Copper Mine says US$ 13 million will be pumped into the reopening of Baluba mine.

CNMC Luanshya Copper Mine Deputy Chief Executive Officer, Wang Jingjun said the firm was looking forward to reopen Baluba mine this year after the increase in copper prices on the international market.

Mr. Wang has stated that the reopening of Baluba mine will be enhanced by concerted efforts with the government and the community of Luanshya town.

He has appealed to members of the public to take time to understand and appreciate the challenges the mining company was facing such us increment in the price of sulphuric acid, electricity tariffs by Copperbelt Energy Corporation and paying back of the loan especially now that the operations of Baluba mine were about to resume.

And Luanshya Mayor Nathan Chanda is happy with china nonferrous Mining Corporation, Luanshya copper mine’s plans to reopen Baluba mine in 2018.

Speaking during a meeting with CNMC Luanshya Copper Mine Deputy Chief Executive Officer, Wang Jingjun held at the Mine’s Head Office in Luanshya on Thursday, Mr. Chanda has called on CNMC Luanshya copper mines to support local suppliers and contractors once Baluba opens.

Mr Chanda also urged the mine to employ as many local people as possible in the Baluba mine workforce and first consider all those who are on forced leave and those who may had left on voluntary separation scheme.


Source: Lusaka Times

KCM pays ZCCM-IH $70 million

KALONDE NYATI, Lusaka
KONKOLA Copper Mines (KCM) has paid out about US$70 million to ZCCM-Investment Holdings (IH) in claims as at December last year.

ZCCM-IH chief executive officer Pius Kasolo said in an interview on Monday that KCM has been making monthly payments to the company.

In 2016, the English High Court granted default judgment in favour of ZCCM-IH in its claim against KCM, brought pursuant to a settlement agreement entered by the parties in 2013, for a sum of US$103 million.

The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between ZCCM-IH and KCM.


Source: Zambia Daily Mail Limited

Global Cobalt Market 2017 Key Players – Chambishi Metals plc, Formation Metals Inc, BHP Billiton plc, Vale S.A, Shandong Jinling Mining

Cobalt analysis is offered for global market including growth factors by region, aggressive analysis of the Cobalt. Cobalt Industry report concentrates on important drivers and restrictions for the main players. This report examines the Cobalt. This Cobalt report elucidates manufacturing procedure inspected thoroughly with respect four points Manufacturers, regional analysis, Segment by Type and Segment by Applications.

The report concentrates on Cobalt in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. The report classifies the market is dependent on manufacturers, regions, type and application. The highlights of Cobalt inculcates market by type and application, with sales market share and growth rate by type, application.

Cobalt market forecast is based on regions, type and application, with sales and revenue, from 2017 to 2022. Recount Cobalt industry introduction, product scope, market overview, market opportunities, market risk, and market driving force. Examine the apex manufacturers of Cobalt industry with sales, revenue, and price.

Request For Sample Report @ https://www.fiormarkets.com/report-detail/145777/request-sample

Showcase the aggressive condition amid the topmost manufacturers, with sales, revenue and market share of Cobalt market. To display the global market by regions, with sales, revenue and market share of Cobalt industry, for each region. Analyze the key regions, with sales, revenue and market share by key countries in these regions. Describe Document Readers Industry sales channel, distributors, traders, dealers, appendix and data source.

In addition, considering that the global economy is altering depending upon several factors, it is vital to take a note that our report entails data that are not only carried out regarding CAGR forecasts but it also analyzes the key parameters such as yearly market growth in order to have complete information about the future of the market worldwide. It also helps in identifying the wide opportunities that will open up for the market. The other key feature included in this report is the analysis of the revenue forecasts of all the important regions and applications, which is in terms of dollars.


Source: SATPRNEWS

Konkola Copper Mines commissions new x-ray facilities

Konkola Copper Mines has commissioned new, state of the art x-ray medical facilities at its Nchanga South Hospital in Zambia valued at over US$135 000.

The x-ray facilities are expected to speed up radiological diagnostic services for the Konkola Copper Mines medical services which currently serve a catchment population of over 63 000 in four towns, namely: Chililabombwe, Chingola, Kitwe and Nampundwe.

Chingola District Commissioner Mary Chibesa, who commissioned the facilities, said that the facilities would not only benefit mine employees and commended Konkola Copper Mines for their longstanding partnership with the government to delivering quality healthcare.

“My government appreciates the long standing relationship with Konkola Copper Mines and it is our desire to sustain this mutual cooperation aimed at improving the quality of life of the Zambian people,” she said.

Acting Konkola Copper Mines CEO, Enock Mponda, reiterated the company’s commitment to the health and safety of its employees as top priority and stated that the company would continue to ensure that the health and safety of its workforce remained paramount as it embarks on its rigorous growth plan.

“The health and safety of our people is the number one priority for management. By firstly providing our employees with the best possible health care and ensuring that everyone is healthy and well, only then can we can focus on growing production and taking Konkola Copper Mines to even greater heights,” he said.

Konkola Copper Mines manager for medical services Edward Chilekwa hailed the new facilities as a big step in raising the standards of radiological diagnostic services and overall patient care at the Konkola Copper Mines medical facilities.

“The x-ray machine is something we have been looking forward to and it couldn’t have come at a better time than this as it will help us improve diagnostic quality. I am positive that this upgrade will enable our staff to serve patients in much more efficient manner,” said Dr. Chilekwa.


Source: Mining Review

ZCCM-IH gets extra $36 million

An English Court has awarded ZCCM Investment Holdings PLC an addition 36 million U.S dollars in claims against Konkola Copper Mines -KCM.

This is was as a result of unpaid sums due to ZCCM IH pursuant to a settlement agreement entered by the parties in 2013.

This brings the total amount awarded to ZCCM IH to 139 million US dollars in claims against Konkola Copper Mines.

The court has also given directives for the inquiry to determine whether KCM had breached the settlement agreement by making payments to Vendetta group of companies whilst sums remained due and owing to ZCCM-IH.

ZCCM-IH Executive Director Pius Kasolo disclosed this at a media briefing in Lusaka on Tuesday.

Dr Kasolo said the parties have since agreed a repayment plan for the recovery of the additional sums which consists of 21 equal months instalments together with interest at three percent.

He said the final payment is expected on August 31st, 2019.

Dr Kasolo said partners should not take the move as a deliberate attack on them but a move that will make the investment holdings answerable to Zambians.

He however, said that ZCCM IH remains committed to ensuring that the KCM operations continue in Zambia.

Dr Kasolo said ZCCM IH will continue to provide the necessary support to ensure the value of the stake in the company.


Source: ZNBC

PE firm EMR Capital completes acquisition of 80% stake in Zambia copper mine

Australian resources specialist private equity firm EMR Capital has completed the acquisition of an 80 per cent controlling stake in Zambia copper mine Lubambe from African Rainbow Minerals (ARM) and Vale International for $97.10 million.

EMR will partner with 20 per cent shareholder, ZCCM Investments Holdings, an investment company majority owned by Zambia government, a statement said on Thursday. It added that the acquisition, which was announced earlier in August, will substantially enhance EMR’s copper portfolio.

Lubambe, the mine in Zambia — the second largest copper producing nation in Africa — is an existing underground high-grade copper mine and extension area development project, with a total resource base of approximately 9.2 million tonnes of contained copper metal.

It currently produces close to 20 ktpa of copper in concentrate with EMR planning to optimize operations and ramp up annual production significantly over time.

EMR now has eight operations worldwide, including three copper mines that have potential to expand and other opportunities in the pipeline, EMR chief executive Jason Chang said.

Nick Bowen, a former Macmahon and Orica executive, has been appointed Lubambe CEO and will be based in Chingola, Zambia. His key focus will be the completion of the final feasibility study on the larger extension area orebody (resources greater than 212mt at 3.6% Cu) some 6 km to the southeast of the existing workings.

Taylor Collison acted as financial advisor for EMR while Allen & Overy acted as legal counsel and KPMG was EMR’s accounting and taxation advisor. The specialist mining private equity manager founded by Jason Chang and Owen Hegarty has linkages to Asian markets and has a focus on assets in copper, gold, potash and coking coal that it looks to acquire globally.

The mineral and natural resources investor closed its second private equity fund earlier, EMR Capital Resources Fund II, at $860 million (AU$1.12 billion) and also purchased Golden Grove, a copper zinc mine in Western Australia last year.


Source: Deal Street Asia

EMR takes over Lubambe mine

EMR Capital, an Australian mining giant has taken over operations at Lubambe Copper Mine in Chililabombwe.

EMR Capital Group Chief Executive Officer Jason Chang says the mining giant has invested 100 million U.S Dollars in taking over operations at the mine.

Mr. Jason says EMR Capital will invest a further 15 million Dollars in the next 6 to 12 months and continue to re-investing cash proceeds at the mine to expand the mine and double production.

He says EMR Capital will double copper production at Lubambe Copper Mine from its current 15,000 tonnes to about 40,000 tonnes per year.

Mr. Jason has told ZNBC News in Perth, Australia that EMR Capital will localize the company by retaining all the 1-thousand 500 plus jobs including management so that decisions of the company are made by the local management.

And Nick Bowen, the Chief Executive Officer at Lubambe Copper Mine said after looking at other African Countries, a decision was made to invest in Zambia because of its rich mineral resource and stable political environment.

Mr. Bowen said it is the first time that EMR Capital limited is investing in Africa and Zambia.

And Minister of Mines Christopher Yaluma said the take over at Lubambe copper mine is a relief to government.

He said government through ZCCM-IH endorsed the investment deal with EMR because of its enormous appetite of wanting to invest in the country’s mining sector.


Source: ZNBC

A Zambian success story

The 24-year nationalisation period (1973-1997), during which Zambia’s mining industry was in government hands, has left a noteworthy legacy – a reservoir of high-level mining skills that has served the country well.

One of the crowning achievements of that era was the formation of the University of Zambia’s School of Mines in 1973, which has turned out more than 1 000 graduates in mining engineering, geology, and metallurgy and mineral processing. In addition, the nationalised mining industry under Zambia Consolidated Copper Mines (ZCCM) sent large numbers of Zambians to study at leading universities overseas – not just in mining, but in related fields too. They brought back valuable skills which helped to build a solid intellectual foundation.

“The mining skill level of Zambia improved so much that later, when the mines were re-privatised, the new owners did not need to employ many expatriates,” according to a paper, Copper Mining in Zambia – History and Future, published in the journal of the Southern African Institute of Mining and Metallurgy (June 2016).

A 2014 study by the International Council on Mining and Metals (ICMM) found that the proportion of mining expatriates in Zambia is less than 2% of the industry workforce, compared to 8% in Peru and 17% in Tanzania.

Dr. Osbert Sikazwe, Dean of the School of Mines at the University of Zambia in Lusaka, says academic standards at the institution are high. “Our lecturers have studied at overseas universities. Our graduates hold their own, both in the mining industry and when they pursue post-graduate studies at international universities.”

Graduates of the School of Mines can be found in high-level careers, both in mining and academia, in countries as diverse as Finland, South Africa and Australia. Those prominent in Zambia include Dr. Pius Kasolo, CEO of government’s investment-holding company ZCCM-IH; Emmanuel Mutati, one-time CEO of Mopani Copper Mines; and Keith Kapui, Vice-President at Konkola Copper Mines (KCM).

The skills bequeathed to Zambia by the nationalised mining industry were a good beginning, but there was still much to do because the industry had been starved of investment and innovation for so long. Mining had moved on. The level of technology now coming on stream worldwide – and the higher level of skills needed to operate it – was at a whole different level.

So from 1997 onwards, the new investors in Zambia’s rundown mines poured billions of dollars into expansion, upgrading the technological base and starting new greenfield projects. As a natural consequence, they upgraded the skill base of the industry too. This was done very strategically, and has formed part of an ongoing process which continues to this day.

For example, Barrick Lumwana spends more than $100 000 a year on some 400 school and tertiary scholarships. Since 2007, KCM has offered around 500 scholarships, at school and university level, and has sent many students to top universities in Australia, India, Namibia and South Africa. Since 2005, First Quantum Minerals (FQM) has spent more than $50 million on a broad basket of initiatives which include scholarships, apprenticeships, and the construction and funding of trade schools.

“The focus on skills is a response to the growing sophistication of mining”
And in a bold initiative to train miners at the highest level, Mopani recently opened a $20-million technical training centre in Mufulira. It features world-class technology, including simulators, and will eventually receive students not just from other Zambian mines, but from other countries too. “You can’t just teach miners to pass exams,” says Lourens de Klerk, who heads the centre. “You also need practical, hands-on training where people learn to identify faults and handle unexpected situations. It is this which makes our school unique, even by international standards.”

The Zambian mining industry’s focus on skills is primarily a response to the rapidly advancing technological sophistication of the global industry. Like their international competitors, Zambia’s mines operate some of the world’s most sophisticated – and expensive – machinery and equipment. At FQM’s Sentinel Mine, for example, drivers learn to operate multimillion-dollar, 300-tonne haul trucks in state-of-the-art simulators which are able to mimic all kinds of weather, scenarios and driving conditions.

The growing technological sophistication of mining is one of the first things university graduates encounter. Dr. Sikazwe of the School of Mines explains: “While the intellectual base of our graduates is solid because of the quality of the teaching, they have to spend time on the job learning about the latest mining technology because they haven’t always been exposed to it. We would love to see more students accepted on internships before they graduate.”

Copperbelt University (CBU), in Kitwe, also has a School of Mines and Mineral Sciences, which was established in 2010. It offers not just degree courses, but also diploma programmes in areas such as mine ventilation, surveying and chemical technology.

Perhaps the biggest challenge facing local universities is that they depend on a cash-strapped Zambian government for funding. While this has less of an effect on the quality of teaching, it does affect the standard of laboratory equipment and technology – as well as the infrastructure, much of which is in need of refurbishment.

Outside help is always appreciated. The Dutch government recently funded a new boardroom at the School of Mines in Lusaka, as well as two scholarships at the University of the Witwatersrand in South Africa. Mines such as FQM, Mopani and KCM have financed library facilities, donated books, refurbished rundown infrastructure, sponsored student awards and accepted students on internships. Kagem Mining recently provided full scholarships to two geology undergraduate students, while Barrick Lumwana has been providing one scholarship a year to study mining engineering at Master’s level.

More than 40 years after the first wave of Zambia’s mining engineering students started graduating, the industry’s skill base has grown steadily. Today, it is one of the country’s competitive strengths. The challenges facing Zambia’s mining sector are well documented, but a lack of homegrown skills is not one of them.


Source:

Misenge constructs Chibalashi Dam in Mansa

The construction of Chibalashi Earth Dam at Chibalashi in Mansa District, Luapula Province at a total cost of about K7.4 million was undertaken by Misenge Environmental and Technical Services Ltd (METS).

Completed in January 2017, the project which was financed by the Zambian Government from a World Bank loan, was awarded to Intergrity Enterprises Limited, of Kabwe, by the Ministry of Water Development, Sanitation and Environmental Protection.

Intergrity subsequently subcontracted METS in 2016 to construct and manage the project in five months with the official contract commencement date of 8th July 2016 and the defects liability period of 12 months.

The scope of works included among other things; site clearing, river diversion works, excavation works for the core trench, the construction of dam embankments, excavation and construction of spillways with their associated structures, irrigation intake structures and canals and laying the low flow pipe.

Due to unfavourable weather conditions the contract was extended for 45 days and the project was finally completed on 17th January 2017.

The construction of Chibalashi dam will significantly boost agriculture and fisheries activities in the area throughout the year.

About Misenge

Misenge Environmental and Technical Services Ltd (METS) is a former Environment Department of the ZCCM Investments Holdings Plc (ZCCM-IH). Following the privatization of ZCCM Ltd and the transformation of the Company into ZCCM-IH the ZCCM Ltd Group Environmental Services (GES) was transformed into an Environmental Department.

In 2012, ZCCM-IH decided to transform the Department into a subsidiary Company – Misenge Environmental and Technical Services Ltd (METS).

METs offers the following services: environmental consultancy, radiation and safety Management, analytical services and engineering services.


METS – Constructs Chibalashi Dam in Mansa

Maamba Collieries plans to increase generation

MAAMBA Collieries Limited (MCL) is engaging key stakeholders in the mining industry on possibilities of increasing its thermal-generated power plant to 600 megawatts (MW) in view of the growing electricity demand in the country.

Last year, President Edgar Lungu commissioned the 300MW of power at MCL and connected to the national grid through Zesco Limited.

Company corporate affairs senior manager Mayford Chikoya said in an interview on Tuesday that under phase II, the coal-fired power plant will cost around US$850 million.
“We have started discussions with the mines for phase two of the project. A committee has been formed to look at all the necessary documentation for the construction of the phase two project.

“Construction of the phase two of the thermal power plant is expected to start early next year,” Mr Chikoya said.

The committee is composed of officials from MCL, Ministry of Finance, Energy and selected stakeholders that deal in electricity.

He said the company will source for financiers once documentation for the project is finalised soon.

Mr Chikoya said the construction of the power plant will not take long like the first phase because basic infrastructure is already in place.

“We will still use the same power lines running from the thermal power plant to Muzuma, same water pipe line and coal handling plant. The first phase is running smoothly… The project is expected to be commissioned end of this month and hopefully, the power plant will be stable,” he said.

Mr Chikoya, however, said constant supply of power is being affected by Zesco Limited as it is still upgrading its transmission lines from Muzuma power station to Kafue from 220-330 kilovolts.

He said because of the major works being undertaken by Zesco, the power plant is constantly cutting on supply.

Currently, MCL is producing 300MW of power, and 265MW is supplied to Zesco, while the remaining 35 is used for the thermal plant.


Source: Daily Mail