Mopani Copper Mines (MCM) plans to spend US$1.5 billion on a new Zambian copper project that would extend the life of its operations in the Nkana and Mufulira mines by more than 30 years
Mining
Revenue boost for Zambian mining sector
Tax revenue from Zambia’s copper-mining sector has undergone a 46 per cent leap, now totalling ZMK 35 billion (US$7.1 million) per month, as a result of the doubled mineral royalties that came into effect in April 2012
China plans US$100 million Zambian copper project
China Copper Mines looks set to build a US$100 million plant in Zambia, with the expected production capacity of 600 tonnes of copper cathodes per annum
SA mining firm buys stake in Xceed’s coal project
Xceed Resources has signed an MoU with South Africa’s Thebe Mining Resources to sell a cornerstone stake in its Moabsvelden coal project for AUD 11 million (US$112.90 million)
Rise in gold production helps Mwana overcome losses
Mwana Africa, a Pan-African mining company, has recorded an increase in gold production at its Freda Rebecca mine in Zimbabwe
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