KALONDE NYATI, Lusaka

WITH copper prices yesterday climbing to record high in both London and Shanghai markets, Zambia Consolidated Copper Mines -Investments Holdings (ZCCM-IH) is optimistic that the development will boost revenue for Mopani Copper Mines.
The prices have continued rising breaching the US$10,000 mark as hopes of improved demand and tight supply fuelled sentiment.
Three-month copper on the London Metal Exchange touched its all-time high level of US$10,660 a tonne earlier in the session before easing to US$10,628 a tonne, but still up by two percent.
The most-traded June copper contract on the Shanghai Futures Exchange climbed by 4.2 percent to 77,260 yuan (US$12,014) a tonne.
ZCCM-IH chief investments officer Brian Musonda said with the acquisition of the mine by his organisation on behalf of CLICK TO READ MORE

Source: http://www.daily-mail.co.zm/copper-price-reaches-10628-a-tonne/

By JOHN KOMBE GOVERNMENT is still carrying out explorations to ascertain the presence of oil in the Gwembe Valley and that results cannot be rushed without concluding the process. Gwembe District Commissioner Timothy Siakaziba, said Government had tasked ZCCM-IH to carry out the investigations and was confident that the company would deliver its mandate. Mr Siakaziba was reacting to sentiments by some stakeholders who included traditional and civic leaders, who accused Government of delaying the oil exploration in the valley. He said that ZCCM-IH had visited the area and collected samples for further investigations. According to him, the undertaking was a mammoth that required systematic investigations before a conclusive position could be made. Mr Siakaziba said Government was on top of things and the public and stakeholders would get the position once the investigations were concluded. He wondered why some stakeholders were asking ZCCM-IH to declare that it had failed the project when the holding firm was following the technical procedure on the matter. Mr Siakaziba said that rushing the results was not the best option as resolutions must be based on scientific evidence. And ZCCM-IH public relations manager, Louisa Kakoma, earlier confirmed that the company was still carrying out investigations on the samples and would submit results once the process was completed.

Source: http://www.newszambia.co.zm/gwembe-oil-exploration-still-active

By Musenge Mulimba:

Miners in Kitwe on the Copperbelt have thanked government for saving thousands of jobs through the takeover of Mopani Copper mines by ZCCM-IH.

National Union of Miners and Allied Workers -NUMAW- President James Chansa has commended President Edgar Lungu for prioritizing the plight of Miners in the Country.

Speaking during a joint media briefing with the Mine Workers Union of Zambia, Mr. Chansa urged miners to work hard and improve productivity amid the high Copper prices.

And MUZ President Joseph Chewe appealed to Government through the ministry of mines to consider paying Mopani miners their terminal benefits before transferring them to ZCCM-IH.

Mr. Chewe also pleaded with Stanbic bank to consider renegotiating charges on various loan and financial packages given to the miners.

Source: https://www.znbc.co.zm/news/miners-thanks-govt/