Category: Business News

By JUDITH NAMUTOWE  – Emerald production at  the Gemfields owned Kagem Mine in Lufwanyama District, has increased by 6.5 per cent  to 14.5 million carats from last year’s figure of 8.8 million carats, chief executive officer Ian Harebottle has said. Production figures moved up to 14.5 million carats during the period July to December, 2012 […]

‘¢ MINISTRY of Transport, Works, Supply and Communications Permanent Secretary Julius Shawa (left), hands over a dummy key to Cynthia Chuma-Lungu, winner of the Furnishing World Grand Festive Sale Promotion’s grand prize, a Hyundai I10 car worth KR100,000, during the prize giving ceremony held at the company’s Lusaka Cairo Road outlet. In the centre is […]

THE ejection of Zambia from this year’s Africa Cup of Nations (AFCON) on Tuesday has telling effects on some traders in the country. Vendors of various types of Chipolopolo regalia in Lusaka and other towns have told Talking Shop that since Zambia’s failure to advance to the quarter-finals, business had slumped. By the time the […]

‘¢ BANK of Zambia governor Michael Gondwe (left) and Indo-Zambia Bank managing director Shankardas Gupta unveiling the copper plaque during the official launch of Indo-Zambia Bank’s Jacaranda Mall Agency in Ndola yesterday. Picture by GIDEON THOLE By GIDEON THOLE – THE new Kwacha notes are durable and the people who are deliberately soiling them or […]

Bantubonse By GIDEON THOLE  – THE approval of 27 mining and exploration licences by the Zambia Environmental Management Agency (ZEMA), is expected to boost the country’s copper production capacity, Association of Zambian Mining Exploration Companies (AZMEC) has said. AZMEC said it was now expecting ZEMA to approve more exploration projects to accerarate the opening up […]

First Quantum Minerals Limited (FQM) is stuck with 60,000 tonnes of copper concentrates worth US$100 million. By Shamaoma Musonda  – MINING giant First Quantum Minerals Limited (FQM) is sitting on 60,000 tonnes of copper concentrates worth US$100 million from its Kansanshi Mine in Solwezi because all smelters on the Copperbelt, are heavily congested with the […]

Kagem wants to double it's production capacity of emeralds to five million carats per month in the next five years. By JUDITH NAMUTOWE KAGEM Mining Limited is set to double production capacity of emeralds to five million carats per month in the next five years, when it injects an additional US$100 million in its operations […]