Tag Archives: US

Pull out by biofuels firm regrettable

THE Biofuels Associations of Zambia (BAZ) has described the decision by a Chinese firm, Kaid Bio Mass to pull out of Zambia, as unfortunate because the move will deny the country of the immense economic benefits. Kaid Biomass Zambia Limited … read more »

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A response to Human Rights Watch’s update on Chinese copper mining in Zambia

Regular readers of Pambazuka News will remember a debate held a year or so ago in its pages between the US-based NGO Human Rights Watch (HRW) and ourselves about a lengthy report that HRW had issued on labour rights violations … read more »

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Lafarge forecasts demand growth

LAFARGE Cement Plc has forecast market growth for cement this year after posting an increase in 2012 profits. And Standard Chartered bank managed to increase its profits for a 10th consecutive time last year despite being hit by a huge … read more »

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Zambia Mines GDP contribution to hit $1bn in 2015

ZAMBIA’s mining contribution to the Gross Domestic Product (GDP) is projected to grow to US$1.35 billion by the year 2015, due to increased mining activities. According to the Zambia Extractive Industry Transparency Initiative (EITI), reconciliation report, contribution to GDP was … read more »

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Zambia Railways rehabilitation to unlock mineral resource potential

STANDARD Bank says the allocation of US$ 120 million to Zambia Railway Limited (ZRL) to rehabilitate its infrastructure and railway network will form the catalyst for Africa’s ability to unlock bulk mineral resource potential. The bank notes that with the … read more »

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Chinese media respond to John Kerry’s “China is all over Africa” statement

Major Chinese media outlets are re-printing a slightly-modified version of a January 30 op-ed from the Independent that is critical of US Secretary of State John Kerry’s statement on January 24 that “China is all over Africa.” A translation of … read more »

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Audience doubts Chirwa’s targets for Zambia Railways

Some members of the audience that attended the Akapelwa Public Lecture by Professor Clive Chirwa’s felt his ambitious targets for Zambia Railways was not achievable. They said Prof Chirwa’s self-appointed three and half year timeline for turning around the ailing … read more »

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Kwacha continues bearish run against dollar

THE Kwacha continued its bearish run against the United States (US) dollar as demand for the greenback from interbank players saw the local currency lose 40 Ngwee on the day. Having opened trading at between KR5.290 and KR5.310 on the … read more »

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FQM sitting on 60,000 tonnes of copper concentrates worth US$100 million

MINING giant First Quantum Minerals Limited (FQM) is sitting on 60,000 tonnes of copper concentrates worth US$100 million from its Kansanshi Mine in Solwezi because all smelters on the Copperbelt, are heavily congested with the mineral. FQM Director of Operations … read more »

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