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Zambia's Copper Production Set to Soar to 1 Million Tons by 2026 Amid Mine Expansions 1 Mining in Zambia Copper Economy 

Zambia’s Copper Production Set to Soar to 1 Million Tons by 2026 Amid Mine Expansions

Constance
Zambia anticipates a significant rise in copper output, potentially reaching close to 1 million tons by 2026, driven by investments in expanding production at various mines, including those owned by First Quantum Minerals, according to Finance Minister Situmbeko Musokotwane. Copper production, crucial for Zambia’s economic prosperity, has been experiencing a gradual decline in Africa’s second-largest producer of the metal. Despite this, the government aims to boost output to around 3 million tons within the next decade. In 2023, copper output decreased to 698,000 tons from 763,000 tons the previous year,… Read More Here
Zambia and Mozambique Strengthen Power Collaboration to Address Electricity Deficit 2 Mining in Zambia Electricity 

Zambia and Mozambique Strengthen Power Collaboration to Address Electricity Deficit

Constance
Zambia and Mozambique have enhanced their partnership to tackle Zambia’s electricity shortfall by finalizing an agreement for additional power imports on Thursday last week. Under the agreement, signed by Zambia’s Zesco Limited and Mozambique’s state-owned energy firm, Mozambique Electricity (EDM), Zambia will now import an extra 40 megawatts of power, supplementing the existing 50 megawatts from a previous deal. This raises the total import capacity to 90 megawatts, effective until June 30, 2025. Victor Mapani, Zesco’s managing director, praised the amended agreement as evidence of the strong collaboration between the… Read More Here
Rio Tinto to manage Ranger uranium mine clean-up in Australia 3 International Uranium 

Rio Tinto to manage Ranger uranium mine clean-up in Australia

Constance
Energy Resources of Australia (ERA) has chosen Rio Tinto to carry out Ranger uranium mine rehabilitation in Australia’s Northern Territory after several delays and cost overruns. Rio Tinto holds an 86.3% stake in ERA. ERA ceased mining operations at the Ranger site in 2021, aiming to complete the site’s clean-up and restoration by 2026 at an estimated cost of around A$800m ($527.7m). However, the company encountered several setbacks, leading to a revised cost projection of more than A$2.2bn and an extended completion timeline beyond 2028. ERA CEO Brad Welsh said:… Read More Here
KBR Secures Management Contract for Lobito Refinery Expansion Project in Angola 5 International Oil & Gas Petroleum 

KBR Secures Management Contract for Lobito Refinery Expansion Project in Angola

Constance
Engineering firm KBR has been awarded a project management contract for the development of the Lobito Refinery, a significant project located in Benguela Province, Angola. With a capacity of 200,000 barrels per day (bpd), this refinery expansion project marks a pivotal moment in Angola’s oil industry. Under the contract granted by Angolan national oil company Sonangol, KBR will oversee the engineering, procurement, and construction (EPC) phase of the project. This agreement solidifies a 20-year partnership between KBR and Sonangol, demonstrating KBR’s continued commitment to the region. Jay Ibrahim, President of… Read More Here
IMF to Grant $8.2M to Guinea-Bissau 6 International Economy 

IMF to Grant $8.2M to Guinea-Bissau

Constance
The International Monetary Fund (IMF) has proposed disbursing $8.2 million to Guinea-Bissau, pending approval by the IMF’s Executive Board. This funding, expected to be disbursed in May upon approval, is part of Guinea-Bissau’s Extended Credit Facility program, which commenced in January 2023. The program aims to allocate approximately $47 million to support the country’s economic adjustments. The IMF initiated the program to strengthen domestic resource mobilization, enforce expenditure controls, facilitate fiscal consolidation, and reduce public debt levels. Jose Gijón, the head of the IMF mission in Guinea-Bissau, remarked that “the… Read More Here
Japanese copper smelters’ H1 output seen rising 4.2% y/y 7 International Copper 

Japanese copper smelters’ H1 output seen rising 4.2% y/y

Constance
Japan’s refined copper production in the first half of the 2024/25 financial year is expected to rise 4.2% from a year earlier, Reuters calculations from plans outlined by smelters showed, amid stronger local demand from the chip industry. The financial first half falls between April and September. Sumitomo Metal Mining (SMM) expects a 21% surge in first-half output following a two-month maintenance shutdown at its Toyo Smelter & Refinery between September and November last year, a company spokesperson said. Japan’s biggest copper supplier Pan Pacific Copper (PPC) also expects a… Read More Here
Peru’s Congress backs new cabinet after government announces new funding for mining 8 International 

Peru’s Congress backs new cabinet after government announces new funding for mining

Constance
Lawmakers in Peru voted to support the government’s new slate of ministers on Wednesday, just hours after the prime minister promised billions of dollars in new spending, including for mining projects. The vote of confidence in President Dina Boluarte’s latest cabinet passed by a lopsided margin of 70 votes in favor and only 35 opposed, and came on the heels of recent corruption charges that implicate the mining-dependent country’s embattled leader. All of her ministers would have been forced to resign if the cabinet failed to win congressional backing. Earlier… Read More Here
Taiwan rescuers Races Against Time to Rescue Trapped Miners and Tourists After Devastating Earthquake 9 International Mine Safety Safety & Health 

Taiwan rescuers Races Against Time to Rescue Trapped Miners and Tourists After Devastating Earthquake

Constance
Emergency response units in Taiwan have been tirelessly working through the night to rescue over a hundred miners, hotel staff, and tourists who are still trapped under rubble and debris more than a day after the island was struck by its most powerful earthquake in 25 years. The 7.4-magnitude quake, which occurred on Wednesday, caused significant damage primarily near the epicenter on Taiwan’s eastern side. Rescue efforts have been concentrated on locating and rescuing individuals missing or trapped in the mountainous terrain surrounding greater Hualien, an area that encompasses a… Read More Here
Zambia's Mining Association Voices Concerns Over License Cancellations 10 Mining in Zambia 

Zambia’s Mining Association Voices Concerns Over License Cancellations

Constance1 Comment
The Emeralds and Semi-Precious Stones Mining Association of Zambia (ESMAZ) has expressed apprehension following the Ministry of Mines and Minerals Development’s decision to revoke over 2,500 mining licenses for small-scale miners. ESMAZ President Victor Kalesha has raised questions about the intended recipients of these licenses, expressing worry that they may be allocated to foreign companies instead of benefiting local miners. Kalesha highlighted concerns about certain officers within the Ministry’s cadastre department who, he believes, are working against the interests of Zambians. He stressed the need for engagement on statutory requirements… Read More Here

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