Government has ruled out the reintroduction of subsidies on electricity being produced and supplied within Zambia. Finance Minister Felix Mutati says government’s position still remains the same that no customer whether domestic or commercial will be subsidized on account of power. Mr. Mutati says this position includes mines notwithstanding the fact that they are the biggest consumers. He states that ...

The opposition Party of National Unity (PNU) has expressed concern that Zambia has not done enough fiscal consolidation to engagement the International Monetary Fund (IMF). PNU president Highvie Hamududu says his party thinks that government should have done enough fiscal consolidation before engaging the IMF in its set out economic recovery program. Mr. Hamududu states that this is if the ...

Barrick Gold Lumwana Copper Mine is currently sitting on 4 million tons of unprocessed copper ore with elevated levels of Uranium. Head of Corporate Affairs Nathan Chishimba says the 4 million tons of the copper ore has accumulated since 2011. Mr. Chishimba says the copper ore which occurred with elevated levels of Uranium was mined from its Malundwe pit and ...