Search Results for: Zambia

BY KEITH NUTHALL
HIV and AIDS are so-ravaging southern Africa that local life expectancy rates are tumbling to where 30-year-olds are considered old men. The United Nations Development Programme (UNDP) has reported cataclysmic falls in life expectancy in Zambia, where 32.7% HIV infection rates for adults aged 15-49 has cut average mortality ages from 47.4 in 1990 to 32.7 in 2002.…

BY RICHARD HURST
THE WORLD Bank and the Nordic Development Fund have announced that they will be donating US$52 million to Zambia to tackle environmental problems associated with its copper and cobalt mines. Ohene Nyanin, World Bank country manager in Zambia said that the funds would be used to strengthen existing regulatory and institutional frameworks to improve mine compliance with environmental guidelines.…

BY KEITH NUTHALL
A SUPERMARKET boom in sub-Saharan Africa is raising standards in food production and distribution, which many small producers struggle to meet, said the United Nations’ Food and Agriculture Organisation (FAO). It says the growth of mass retail in South Africa, Kenya, Zimbabwe, Zambia, Namibia, Botswana and Swaziland is having “a direct impact on the lives of millions of small farmers.”…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has drawn up plans to lend Canada’s First Quantum Minerals Ltd up to Euro 50 million to help develop a new open pit copper mine in north-western Zambia and an associated dedicated power supply.…

BY RICHARD HURST
ZAMBIA’S Konkola Copper Mines (KCM) has announced that it expects its copper cathode production to increase to 300,000 tons per year in 2004, due to the 50,000 tons which will be produced from the residues of its Nchanga operation.…

BY KEITH NUTHALL
THE WORLD Bank is granting Zambia US$10 million so it can deal with the withdrawal of Anglo American plc (AA) from Konkola Copper Mines (KCM), without the company being wound up and its operations halted. AA acquired majority control of Konkola in 2000 under a World Bank-assisted privatisation, however, in 2002, in announced its abandonment of the mine, threatening to sell, liquidate or transfer the company to the Zambian government.…

BY RICHARD HURST
ZAMBIA’S Konkola Copper Mines (KCM) has announced that has launched an investigation to extend the working of its Nchanga open pit mine beyond its current planned three year lifespan.

Russell Alley, KCM chief executive officer, said that the company was exploring additional adjacent resources within the Nchanga area to replace the tonnage of copper ore mined.…

BY KEITH NUTHALL
AS with many projects inspired by the start of the next 997 years and the last three, the framing of the United Nations’ (UN) Millennium Development Goals was an ambitious enterprise.

Imposing statistically measurable targets for international organisations and national governments in making improvements in global poverty, education, gender equality, health, the environment and education, they have proved tough to attain.…

BY RICHARD HURST
ZAMBIA’S Konkola Copper Mines (KCM) has posted a consolidated loss of US$159-million for the 2002 financial year which saw the exit of its key shareholder, the diversified mining giant Anglo American.

Barry Ireton, KCM chairman, blamed the loss on a continued depressed metal price during the year and a write off, (naming it a “negative impairment adjustment”), of US$104-million, about which he would not give details.…

BY RICHARD HURST
ZAMBIA’S Copperbelt Energy Corporation (CEC), the supplier of electricity to the country’s mining industry, has embarked on a diversification growth programme, aimed at increasing its role in the Zambian and other southern African electricity markets through appropriate investments.…