Market News

THE Government has signed a five year agreement with China geological survey to carry out a geological mapping for Zambia.   The cooperation is expected to be beneficial as it will enhance geological, geophysical and geochemical data gathering in areas where the geological survey department h . . .

GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it ha . . .

NAMIBIA'S uranium production is expected to be three times the volume produced in 2015, according to statistics issued by finance minister Calle Schlettwein in parliament recently.   "We are of the opinion that, in spite of weak commodity prices and relatively slow growth in external demand, . . .

Redwing mine, a subsidiary of South Africa-based Metallon Gold is set to increase gold production after resuming operations following a de-flooding exercise, management has revealed.   Redwing mine stopped operations in 2008 after Zimbabwe Electricity Supply Authority (ZESA) cut power supplie . . .

Gold production for 2016 is forecast at 24 tonnes buoyed mainly expected increase from small scale miners. Small scale miners last year produced seven tonnes while big players produced 14 tonnes. The expected increase in production for small scale miners will be driven by $5 million worth of mining . . .