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Zambia Addresses Energy Crisis Amidst El Niño and Climate Change 1 Mining in Zambia Electricity Energy 

Zambia Addresses Energy Crisis Amidst El Niño and Climate Change

Constance
Minister of Energy, Hon. Makozo Chikote, addressed the nation regarding the severe electricity shortage caused by El Niño and climate change. He emphasized the government’s efforts to mitigate the crisis and commended Zambians for their patience and resilience. The country’s installed national power generation capacity stands at 3,777 MW, with a current peak demand of 2,400 MW. However, as of July 2024, only 1,255 MW is available, resulting in a deficit of 1,145 MW. To bridge this gap, Zambia is importing 1,664 MW of power. Key measures implemented by the… Read More Here
Zambia's Maamba Collieries Rebrands to Maamba Energy, Doubles Power Capacity 2 Mining in Zambia Electricity Energy 

Zambia’s Maamba Collieries Rebrands to Maamba Energy, Doubles Power Capacity

Constance
Maamba Collieries Ltd, Zambia’s leading independent private power producer, has rebranded to Maamba Energy Ltd to better reflect its core focus on energy production. This rebranding aligns with the company’s ambitious plan to double its electricity generation capacity from 300 MW to 600 MW, aiming to address Zambia’s critical power deficit. “Energy is our primary business, and the new name Maamba Energy better reflects that,” said Chief Executive Officer Lt Col Cyrus Minwalla (Retd). “Coal sales have been merely an adjunct to our core power business. As the new name… Read More Here
World Bank to Approve Five-Year Partnership Framework with Zambia 3 Mining in Zambia Economy 

World Bank to Approve Five-Year Partnership Framework with Zambia

Constance
The World Bank is poised to approve a five-year New Partnership Framework with Zambia by September this year, which will run from 2025 to 2029. This strategic initiative aims to bolster human capital development and support the nation’s infrastructure advancements. World Bank Managing Director and Group Chief Administrative Officer, Wencai Zhang emphasised the significance of this partnership during a meeting with Zambia’s Infrastructure Development Minister, Charles Milupi. Zhang highlighted that the framework is designed to address critical areas essential for Zambia’s socio-economic growth. “The framework will play a pivotal role… Read More Here
Zambia Projects 6% Economic Growth for 2025 4 Mining in Zambia Economy 

Zambia Projects 6% Economic Growth for 2025

Constance
During the Mid-year Budget and Economic Performance Review in Lusaka, Finance and National Planning Minister Situmbeko Musokotwane projected a minimum 6% growth for Zambia’s economy in 2024. He attributed this optimistic outlook to various government measures aimed at fostering economic stability. Musokotwane also highlighted a positive vision for 2025, expecting favourable rainfall to aid the recovery of the agriculture and energy sectors. Despite ongoing challenges such as price volatility and supply chain interruptions, the ministry is committed to improving enforcement measures to address weaknesses like tax compliance. Zambia Revenue Authority… Read More Here
Zambia Turns to Angola for Fuel Imports to Ensure Supply Stability 5 Mining in Zambia Oil & Gas Petroleum 

Zambia Turns to Angola for Fuel Imports to Ensure Supply Stability

Constance
Zambia is actively considering the importation of fuel from Angola to secure a consistent supply within the country. Rodney Kalota, Director of Petroleum at the Ministry of Energy, announced this development, highlighting the government’s commitment to ensuring a stable fuel supply. Speaking at the Zambia Chamber of Commerce and Industry’s (ZACCI) Energy Breakfast Meeting in Lusaka, Kalota stated, “The government is committed to exploring various measures to ensure a constant fuel supply in the country.” Kalota also reaffirmed the Ministry of Energy’s dedication to President Hichilema’s directive to stabilize fuel… Read More Here
Non Ferrous Company to Create 2,400 Jobs with $600 Million Expansion in Kalulushi 6 Mining in Zambia Copper 

Non Ferrous Company to Create 2,400 Jobs with $600 Million Expansion in Kalulushi

Constance
Non Ferrous Company Africa (NFCA) Mining Limited is poised to create approximately 2,400 jobs through the expansion of its South East Ore Body project in the Kalulushi District of Copperbelt Province. The company has committed a substantial investment of $600 million for this significant development. During a media tour in Chambeshi, NFCA Chairperson Zhanyan Li outlined the ambitious plans, stating, “This expansion will boost our copper production to 110,000 tonnes per year.” He further highlighted the economic benefits, noting that the project is expected to generate $36.15 million in taxes… Read More Here
DRC Govt Commits to Transparency in Management of Sino-Congolese Project Funds 7 Mining in DRC 

DRC Govt Commits to Transparency in Management of Sino-Congolese Project Funds

Constance
The Congolese government has expressed its commitment to enhancing transparency and good governance in the management of funds associated with Sino-Congolese projects. This announcement was made by Minister of Finance Doudou Fwamba Likunde Li-Botayi during a meeting with key players in the Congolese financial sector. During the meeting, participants reviewed recommendations from the International Monetary Fund (IMF) aimed at improving the management of resources stemming from an amendment signed between the Democratic Republic of Congo (DRC) and a consortium of Chinese companies involved in the Sicomines project. The Ministry of… Read More Here
Paladin Energy Celebrates First Uranium Shipment from Langer Heinrich Mine in Namibia 8 International Uranium 

Paladin Energy Celebrates First Uranium Shipment from Langer Heinrich Mine in Namibia

Constance
Paladin Energy announced on July 22 that it has successfully completed its first shipment of uranium since the restart of its Langer Heinrich mine in Namibia. A cargo of 319,229 pounds of uranium departed from the port of Walvis Bay on July 12, destined for customers. The Langer Heinrich mine resumed commercial production on March 30, 2024, following a maintenance and servicing period that began in May 2018 due to low global uranium prices. The company is on track to meet its fiscal year 2025 targets, with the mine having… Read More Here
NGOs and Multinationals Launch Campaign Against DRC's Subcontracting Reform Efforts 9 Mining in DRC 

NGOs and Multinationals Launch Campaign Against DRC’s Subcontracting Reform Efforts

Constance
Non-governmental organizations (NGOs) and some multinationals dissatisfied with the growing support for the Congolese Head of State’s initiative to enforce the subcontracting law have allegedly initiated a campaign to undermine the efforts of Miguel Kashal, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP). In a recent press release, the ARSP management denounced what it called a “cabal mounted against Miguel Kashal.” The statement emphasized that these NGOs are resisting the economic independence movement spearheaded by President Félix Tshisekedi through the promotion of subcontracting. This initiative… Read More Here
IEA Forecasts 35% Increase in Global Electricity Supply by 2025 10 International Electricity 

IEA Forecasts 35% Increase in Global Electricity Supply by 2025

Constance
The International Energy Agency (IEA) projects a 35% increase in global electricity supply by 2025, up from 30% in 2023, according to its latest report published this month. The report indicates a gradual decrease in dependence on coal, which is expected to decline from 36% to 33% during the same period. Titled “Electricity Mid-Year Update,” the report highlights the significant role of solar photovoltaic (PV) and wind power in this energy transformation. Their combined share in the global electricity mix is anticipated to rise from 13% in 2023 to 15%… Read More Here

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