More than 12 000 to lose jobs in mines

Courtesy of Bloomberg News) A new Zambian tax system that prompted Barrick Gold Corp. (ABX) to halt operations at its Lumwana mine may lead to 12,000 job losses in the industry next year, the country’s mines chamber said. The system that takes effect on Jan. 1 may also push companies including Glencore Plc (GLEN) and […]

Nevers Mumba asks Lumwana mine owners to wait before closing it

Movement for Multiparty Democracy President and Presidential candidate Dr. Nevers Mumba has made an impassioned appeal to Barrick Gold, the Canadian owners of the US$8 Billion investment Lumwana Copper Mine in North-Western Province to wait just a few weeks for the MMD to get back into government in January 2015 before they proceed with placing […]

HH heads to the Copperbelt to continue campaigns and says..

As we prepare for a large rally in Kitwe today and in Mufulira and Ndola tomorrow I want to address some of the issues that particularly affect the Copperbelt region, and the question of how to better manage our natural resources. The Copperbelt region is host to so much wealth, yet even some of those […]

Muhabi gets injunction restraining Mumba from filing in

The Lusaka High Court last night granted an injunction to MMD National Secretary Muhabi Lungu and Deputy National Secretary Chembe Nyangu restraining party President Nevers Mumba from expelling them. Lusaka High Court Judge In-charge Isaac Chali has also restrained the newly appointed National Secretary Mwansa Mbulakulima and his deputy Winnie Zaloumis from performing their duties […]

Poor Guy Scott

We actually feel sorry for Guy Scott. It is not easy to stand against a gang of thieves, especially when the power you hold is not real but just interim. If Scott had stood his ground and protected public resources and presided over a credible election like he had promised, he would have secured himself […]

Opinion polls puts HH ahead

 Two local, public opinion polls have put UPND’ Hakainde Hichilema ahead of other presidential contestants. A poll by radio QFM puts HH at 53% followed by Edgar Lungu at 43%. Edith Nawakwi is third at 9% per cent. Another opinion poll conducted by a local publication Zambian Eye puts HH way ahead of Lungu. But […]

Ignore retirement age law signed by Scott – Shamenda

LABOUR and Social Security Minister Fackson Shamenda has urged the labour movement in Zambia to ignore the recently-signed Statutory Instrument purporting to revise the retirement age from 55 to 65 years. Mr Shamenda said nothing had been agreed yet on the revision of the retirement age and that was the reason the proposal had been […]

IMF says Zambia will need more help next year

Zambia’s struggling economy will need more financial assistance in 2015 than previously thought, the International Monetary Fund said on Friday. According to the Financial Times, the country turned to the fund this year after the kwacha fell to record lows against the US dollar and the government battled a fiscal deficit, blamed largely on excessive […]

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