AFRINET nods KCM hand over to Vedanta Resources
• AFRINET is elated that the standoff has been brought to a logical finality in the interest of optimum.• The organization is optimistic and expectant
Tag : zccm-ih
ZCCM-IH’s suspension on LSE will indirectly affect economy – Expert
• This is because there will be no income coming into the stock exchange where ZCCM-IH normally generates money from.• However, this will not kill
ZCCM-IH’s trading of shares on LSE temporarily suspended
• The suspension is as a result of the non-publication of audited financial results for 2021 and 2022 within regulation time.• Delay in the financial
ZCCM-IH to receive 3.1% of Kansanshi Mining Plc’s total revenue
• Approval was given at the Shareholder’s Extraordinary General Meeting held in Kitwe.• The completion of the Royalty Transaction follows extended discussions over the past
FQM 3.1% Royalty model deal good for ZCCM-IH – Govt
• 3.1 percent Royalty model deal which it has signed with First Quantum Minerals Kansanshi mine will help ZCCM-IH expand its operations• Government saw it
Bank of Zambia buys US$72 million worth of gold bullion
• BoZ is doing two kinds of gold purchases now, the first is gold bullion which is refined to the highest standard.• US$72 million has
ZCCM-IH engages Rothschild to review Mopani Copper Mines
• This engagement follows a competitive procurement process in which five other companies, both local and international, participated.• Rothschild & Company has extensive experience.• The
ZCCM-IH nods FQM’s US$1.25 billion mine expansion in Zambia
• The investment will lead to renewed vibrancy in the mining sector.• ZCCM-IH is pleased to partner with FQM in a manner that will build
Gold purchases are meant to boost international reserves – BoZ
• Gold is one of the well traded commodities.• It has a deep market.• For now that is really what the Bank is focusing on.
BoZ purchase Gold worth K345.6 million since 2020 – MoF
• Government will also continue working with gold mining companies.• Government will continue to collect mineral royalty in line with international best practice.• Companies will