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VEDMon, 04th Jul 2016 18:25
* Mineral royalties to be determined by price * Royalty tax rate to range between 3-9 percent * Chamber of Mines welcomes planned sliding scale (Adds detail, comment from Chamber of Mines) By Chris Mfula LUSAKA, Dec 22 (Reuters) - Zambia, Africa's second largest copper p
Read more(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read more(Adds details, energy minister, CEC) LUSAKA, Dec 11 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Friday it would suffer slight output losses following a countrywide power blackout which hit Africa's second-largest copper producer. Most of Zambia
Read moreLUSAKA, Dec 11 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Friday it would suffer slight output losses following a countrywide power blackout which hit Africa's second-largest copper producer. Most of Zambia was affected by a power blackout on Thursd
Read more(Adds quotes, mining firms not affected) LUSAKA, Dec 2 (Reuters) - Zambia announced a sharp increase in electricity tariffs on Wednesday, aiming to generate revenue for investment in additional supply, but said mining firms would be exempt. The average price of electricity was raised
Read moreLUSAKA, Dec 2 (Reuters) - Zambia's power regulator has approved new tariffs that sharply increased the cost of electricity to 10.35 U.S. cents per kilowatt hour (KWh) from 6 U.S. cents per Kwh, it said on Wednesday. Zambia's state power utility Zesco Ltd had applied for the higher tariffs i
Read more(Fixes typo in third paragraph, inserts missing words in last paragraph) * Imported oil will meet 90 pct of India's needs by 2014 * Domestic output to tail off due to limited resources, high costs By Sankalp Phartiyal NEW DELHI, Nov 27 (Reuters) - India's reliance on forei
Read more(Adds quotes, job losses, spending cuts, details) LUSAKA, Nov 26 (Reuters) - Zambia does not plan to take over mines that have shed jobs after a sharp fall in global copper prices, President Edgar Lungu said on Thursday, backtracking from a warning earlier this month that the state would ta
Read more(Adds details) LUSAKA, Nov 26 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Thursday it would mothball its loss making Nchanga underground mine from Nov. 27, a sign of the increasingly weak global demand for base metals. Benchmark copper on the L
Read more(Repeats with no changes to text) LUSAKA, Nov 26 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Thursday it was placing its Nchanga underground mine under managed care and maintenance from Nov. 27 as it was making losses. KCM said the mine's perma
Read moreLUSAKA, Nov 26 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Thursday it was placing its Nchanga underground mine under managed care and maintenance from Nov. 27 as it was making losses. KCM said the mine's permanent employees would be deployed within
Read more(ShareCast News) - South32 Limited: UBS downgrade to neutral, trims target price to 67.00p. Vedanta Resources: UBS downgrades to neutral, cuts target price to 400.00p. Imi: Nomura upgrades to buy, bumps down target price to 955.00p. Diageo: JP Morgan Cazenove upgrades to overweight, lifts target p
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