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KCM abrogating Electricity Act by refusing to pay us – CECKONKOLA Copper Mines Plc (KCM) is still receiving electricity from the Copperbelt Energy Corporation (CEC) without paying for the commodity, contrary to the Electricity Act, says CEC chief financial officer Mutale Mukuka. And Mukuka says […]
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Beene takes over from Mateyo as Chamber of Mines presidentTHE Zambia Chamber of Mines has elected its new president, Dr Godwin Beene, the First Quantum Minerals (FQM) government relations specialist, taking over from Goodwell Mateyo. And Dr Beene, a former Ministry of Mines permanent... […]
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West Indian bank buys 24% stake in InvestrustTHE Bank of Nevis International Limited, a commercial bank operating on the West Indian island of St. Kitts and Nevis in the Caribbean, has bought a 24 per cent shareholding in Investrust Bank Plc, becoming […]
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KCM pays employees redundancy packages following mining company splitKONKOLA Copper Mines Plc has announced that the first instalment of staff redundancy packages due to employees who had crossed over to the newly-created SmeltorCo Limited and Konkola Mineral Resources Limited were paid on March […]
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IMF to resume virtual discussions with Zambia on March 30ZAMBIA and the International Monetary Fund (IMF) will resume virtual discussions on the outstanding issues relating to the economic bailout package on Tuesday, March 30 and continue into the first two weeks of next month. […]
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No job losses once we take over Mopani – ZCCM-IHMOPANI Copper Mines Plc has no plans to make any employee redundant once ZCCM-IH takes full ownership from March 31, 2021, says acting chief executive officer Charles Sakanya. And Sakanya has insisted that ZCCM-IH’s imminent […]
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Zambian Breweries profits dwindle to K6mZAMBIAN Breweries Plc has posted reduced profit after tax of only K6 million in its financial year period ending December 31, 2020, mainly triggered by higher costs of production and the devastating impact of the […]
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Zanaco’s operating income soars to K2.3bnZANACO Plc has posted increased operating income of over K2.3 billion during its financial year period ending December 31, 2020, mainly boosted by higher returns from lending, which grew by 53 per cent. In a […]
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Mopani, KCM takeover won’t increase copper productivity – MusokotwaneGOVERNMENT’s takeover of Mopani Copper Mines and Konkola Copper Mines will not increase the mining companies’ copper productivity because the move is politically-motivated and will deter the much-needed fresh capital to expand operations, says UPND […]
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KCM’s electricity bill to CEC increases to $155mKONKOLA Copper Mines Plc (KCM) now owes Copperbelt Energy Corporation (CEC) an outstanding US $155 million electricity bill, up from around US $150 million by the end of September last year. According to a market […]
