By Nawa Mutumweno – The National Airports Corporation Limited (NACL) is to invest $10 million in full body scanners at all its airports to curb illegal drug trafficking. According to NACL managing director Robinson Misitala, each scanner costs about $1 million and once purchased will help reduce the incidences of drug trafficking. The company also needs additional funds to purchase drug trace detectors and sniffer dogs. “We need to legislate and approve the use of the full body scanners at all entry and exit points if we are to reduce on drug trafficking cases,” Mr Misitala said. He was speaking... Continue Reading
Publish Date: Friday, March 4th 2011 |
By Nangayi Guyson – MTN telecommunications company of Zambia Tuesday launched the broadband internet services, to make it one of the fastest internet service. Farhad Khan ,the managing director MTN Zambia,said his company had made substantial investment in technology such as easy cable to ensure that the broadband internet was the best on the market with higher speed and reliability. He added that MTN was using integrated network and was offering the third generation (3G) and EDGE technologies. Mr Khan ,Speaking at the launch in Lusaka, said US$200 million was invested to ensure delivery of quality services to its customers.... Continue Reading
Publish Date: Wednesday, March 2nd 2011 |
By Nawa Mutumweno – Construction of a railway line connecting Botswana’s Mmamabula coal field with the Namibian port of Walvis Bay to cost up to $9 billion is expected to commence in eighteen months. According to Namibia’s director of railway affairs (Ministry of Works), Robert Kalomo, construction of the Trans-Kalahari Railway would take five years ranging between $5-9 billion. The Trans-Kalahari line would stretch over 1 500 km from Mmamabula to Walvis Bay, with a possibility of a connection to the South African Waterberg coal field, which is poised to be South Africa’s next major coal mining area. Twenty-one consortiums,... Continue Reading
Publish Date: Monday, February 14th 2011 |
By Nawa Mutumweno – Equinox Minerals is to spend between $450 million to $550 million for plant expansion, mainly on the concentrator to accommodate increased copper ore from the Chimiwungo East shoot within its mining area in North-Western Zambia. According to an update on the expansion strategy for its Lumwana copper mine issued by Equinox Minerals president and chief executive Craig Williams on February 3, 2011, the expansion investment decision was expected in early 2012 with expanded production anticipated to commence in 2015. Following the discovery of the Chimiwungo East shoot at Lumwana in early 2010, a continuous six rig... Continue Reading
Publish Date: Monday, February 14th 2011 |
By Nawa Mutumweno – Universal Mining and Chemical Industries Limited (UMCIL) is to invest over $130 million in the development of two iron ore mines and construction of a railway line from Mumbwa (Central Zambia) to Lusaka. The railway line would be pivotal in addressing transport infrastructure bottlenecks. The two mines would be in Mumbwa and Nampundwe respectively. According to UMCIL technical director Julius Kaoma, the $130 million investment would be spread over the next three years. The planned investment covers a feasibility study, geological investigation and the development of the mine in Mumbwa district. “We plan to build a... Continue Reading
Publish Date: Wednesday, February 9th 2011 |
