Edition:
India

Chris Mfula

Zambia's mines minister orders regular audits at all mines

12:45am IST

LUSAKA Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its license, the mining ministry said on Thursday.

UPDATE 3-Zambia's mines minister orders regular audits at all mines

12:40am IST

* State power company expects power rationing from June 1 (Adds Vedanta comments)

Vedanta, KCM seek urgent Zambia talks, court appoints liquidator

21 May 2019

LUSAKA Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.

Zambia seeks 'divorce' from Vedanta over alleged mining breaches

20 May 2019

LUSAKA Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining licence and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in the sector.

Zambia's finance minister says tax reforms needed to cut debt

03 May 2019

LUSAKA, May 3 Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday.

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

11 Dec 2018

LUSAKA, Dec 11 Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday.

Zambian court says Lungu can run for president in 2021, opposition cries foul

08 Dec 2018

LUSAKA President Edgar Lungu can stand in presidential elections due in 2021 without breaching a constitutional two-term limit, Zambia's top court ruled on Friday, rejecting an opposition challenge.

UPDATE 1-South Africa should avoid uncertainty in land reform - World Bank executive

15 Nov 2018

LIVINGSTONE, Zambia, Nov 14 Investors will want South Africa to avoid creating uncertainty with its proposed land reforms, a senior World Bank group executive said on Wednesday, as the ruling African National Congress considers changing the constitution to allow expropriation of land without compensation.

South Africa's land expropriation unnerves investors: World Bank executive

14 Nov 2018

LIVINGSTONE, Zambia Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday.

South Africa's land expropriation unnerves investors - World Bank executive

14 Nov 2018

LIVINGSTONE, Zambia Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday.

World News

UK's May hangs on after Brexit gambit backfires

Prime Minister Theresa May was clinging to power on Thursday after her final Brexit gambit backfired, overshadowing a European election that has shown a United Kingdom still riven over its divorce from the EU.