A unit of China Nonferrous Mining Corp has won ZEMA approval to build a $832 million copper mine that will add 60,000 tonnes to the country's annual output of the metal. This is part of NFC's South East Ore Body Project.
Caledonia Mining Corporation has been told by the Government it must meet a number of conditions in order to continue holding the mining licence covering the company’s Nama base metals project. According to a letter from the Ministry of Mines the company is currently not complying with certain requirements governing the licences it holds. It has been asked to give a written assurance it will remedy the situation.
Government plans to create the small-scale miners’ revolving fund to foster active involvement of ordinary Zambians in mining. According to Mines Deputy Minister Richard Musukwa the revolving fund is expected to be up and running by the end of this year. The idea seems interesting but it is lacking in details. Presumably this would be funded from ZCCM-IH funds rather than tax payers. It would be a tragedy for ordinary Zambians who pay more tax than mining companies to then end up funding yet more investment in the same sector sector.