Economy

KCM Smelter Closes For Routine Maintenance

Konkola Copper Mines has closed down its smelter for routine maintenance, provisional liquidator Milingo Lungu has confirmed but has assured all other operations of the mine remain normal. Mr Milingo...

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Kwacha Steps Into October On Strong Footing

The kwacha has started October on a strong footing, breaching the K13 psychological barrier at some point in Tuesday’s trading. “The local unit started October on a bullish note. The...

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Zambezi Receives 17,000 Bags Of Relief Mealie Meal

Zambezi District in North-Western Province has received relief of over 17,000 bags of mealie-meal. Acting Zambezi acting District Commissioner Sombo Chiteta said in an interview that Zambezi District has received...

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Inflation in Double Digits

The monthly rate of inflation for September 2019 has increased by 1.2 per cent to 10.5 per cent. Central Statistical Office Interim Statistician General Mulenga Musepa has announced that inflation...

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FQM Denies Jiangxi’s Takeover Rumours

First Quantum Minerals that owns Kansanshi Mining has said it has not engaged in any discussions for the company’s takeover. In a statement availed to the media, First Quantum Minerals...

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Bus Operators Body Opts to Maintain Fares Despite Fuel Price Hike

The Bus and Taxi owner Association (BTOAZ) says it will maintain the current bus and taxi fares despite the increase on petroleum products as announced recently by the Energy Regulation...

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Emerald Mining Association Advocates Mini Auctions For Zambians

The Emerald and Semi Precious Stones Mining Association of Zambia (ESMAZ) has called on all emerald producing companies to consider holding mini auction sales for local cutters. ESMAZ president Victor...

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Cost of Living in Lusaka Jumps to Over K6, 200

The cost of living for a family of five living in Lusaka district has increased by over K230 from K5, 979.57 in the month of July to K6, 210.76 in...

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Lumwana Denies Retrenchment Reports

Lumwana Mine has refuted media reports suggesting that the copper mining company is expected to retrench some mine workers. In a statement issued by Mine Country Manager Nathan Chishimba, Lumwana...

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Mine Suppliers Reject Mopani’s Planned New Business Model

The Association of Mine Suppliers and Contractors have rejected Mopani Copper Mine’s plans to introduce a new business model called contractor optimization. Association president Augustine Mubanga has alleged that the...

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