Zambia’s mining sector is reeling after a dramatic surge in fuel prices, with diesel costs rising to nearly K34 per liter the most severe cost crisis in recent memory. Mining Expert and Associate Professor at Copperbelt University’s School of Mines, Professor Peter Chileshe, has told the Zambian Business Times – ZBT, that the cost spike poses a major threat to mining operations as diesel is a critical input for mining, and such a sharp increase in price severely impacts the bottom line. The Energy Regulation Board (ERB) recently raised fuel prices, with diesel which is vital for mining operations, seeing...
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