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Grizzly Mining's Dubai Auction Showcases Strong Demand for Zambian Emeralds 1 Mining in Zambia Gemstones 

Grizzly Mining’s Dubai Auction Showcases Strong Demand for Zambian Emeralds

Constance
Grizzly Mining, a leading emerald producer, recently conducted a successful international emerald auction in Dubai, showcasing medium- to high-grade rough emeralds from its flagship Grizzly emerald mine in Zambia. The auction generated $19 million in sales, with notable interest from 76 clients. A highlight of the auction was the sale of an exceptional 4,145-carat gem-quality rough emerald, fetching over $1 million. Grizzly’s Chairperson, Abdoulaye Ndiaye, expressed satisfaction with the auction’s outcome, emphasizing the continued strong demand for high-quality Zambian emeralds. A total of 117 emerald lots were offered, with 112… Read More Here
Gemfields Records Strong Revenues in 2023 Despite Production Challenges 2 Mining in Zambia Gemstones 

Gemfields Records Strong Revenues in 2023 Despite Production Challenges

Constance
Gemstone miner Gemfields achieved its second-highest yearly revenues in 2023, driven by record prices for rough colored gemstones sold at auction. However, production challenges were encountered at its key operating assets, the Kagem emerald mine in Zambia and the Montepuez Ruby Mining (MRM) in Mozambique, compared to the previous year. CEO Sean Gilbertson expressed optimism about the company’s future despite production setbacks, highlighting ongoing investments aimed at transforming the business. He mentioned upcoming auctions in Jaipur for emeralds and rubies, indicating strong demand for colored gemstones. In 2023, Kagem and… Read More Here
Debswana Prepares for Jwaneng Underground Project with Local Talent Development 3 Mining in Zambia Diamond 

Debswana Prepares for Jwaneng Underground Project with Local Talent Development

Constance1 Comment
Debswana, in preparation for its upcoming Jwaneng underground project in Botswana, has been actively nurturing local talent and enhancing skills development by enrolling graduate learners in various mining-related disciplines. Selected from a pool of candidates, 26 graduates are currently undergoing experiential learning at the Mopani Central training center in Zambia, a strategic move aimed at equipping them with the necessary skills and expertise for the challenges ahead. This initiative not only strengthens Debswana’s strategic partnerships with other underground mines but also promotes diversity and helps mitigate business risks. According to… Read More Here
SADC Pledges Support for Peace and Stability in DRC and Mozambique 4 Mining in DRC Governance 

SADC Pledges Support for Peace and Stability in DRC and Mozambique

Constance
The Southern African Development Community (SADC) has reaffirmed its commitment to providing diplomatic and military assistance to the Democratic Republic of Congo (DRC) and Mozambique in their efforts to address ongoing violence and unrest. During the summit, SADC member states pledged their unwavering support to the governments of the DRC and Mozambique, aiming to achieve lasting peace, stability, and security in the region. The summit’s communique, delivered by SADC Executive Secretary Elias Magosi, lauded troop-contributing countries and commended the dedication of personnel deployed in the SADC Missions in Mozambique (SAMIM)… Read More Here
FQM Trident: A Leading Mining Powerhouse in Zambia 5 Mining in Zambia About Company Copper Mining Companies Nickel 

FQM Trident: A Leading Mining Powerhouse in Zambia

Constance
FQM Trident, a subsidiary of First Quantum Minerals Ltd. (FQM), is a significant player in Zambia’s mining sector. Formerly known as Kalumbila Minerals, FQM Trident operates the Trident Project, encompassing two key mines: Sentinel Copper Mine: This large-scale open-pit mine, operational since 2019, is a major producer of copper, a vital metal for modern industries.Enterprise Nickel Mine: Located near the Sentinel Mine, Enterprise achieved first ore production in February 2023. It’s poised to become a significant contributor of nickel, a metal crucial for electric vehicle batteries and stainless steel.Investment and… Read More Here
President Felix Tshisekedi Attends SADC Summit in Lusaka to Address DRC Security Issues 6 Mining in Zambia Governance Mining in DRC 

President Felix Tshisekedi Attends SADC Summit in Lusaka to Address DRC Security Issues

Constance
President Felix Tshisekedi arrived in Lusaka, Zambia, on Saturday 23rd March to attend the extraordinary summit of the Southern African Development Community (SADC) focused on security issues in the eastern Democratic Republic of Congo (DRC) and in Cabo Delgado, Mozambique. The summit brings together a dozen Heads of State representing the Troika of the Body, consisting of Zambia, Tanzania, and Namibia, as well as the SADC Troika composed of Angola, Zimbabwe, and the DRC. Additionally, Personnel Contributing Countries to the SADC Mission in Mozambique (SADC) and the SADC Mission in… Read More Here
Successful Project Financing Secured for Centinela Copper Mine Expansion in Chile 7 International Copper 

Successful Project Financing Secured for Centinela Copper Mine Expansion in Chile

Constance
Marubeni Corporation, in collaboration with UK-based Antofagasta plc, has successfully secured loan agreements totaling $2.5 billion for the expansion project of Minera Centinela, situated in Chile. The financing agreement, concluded on March 15, involves a consortium of international lenders, including prominent institutions such as the Japan Bank for International Cooperation, Export Development Canada, Export-Import Bank of Korea, KfW IPEX-Bank, Sumitomo Mitsui Banking Corporation, Crédit Agricole, Société Générale, and Natixis. This landmark agreement aims to expedite the construction process and facilitate the commencement of production under the Expansion Project by 2027.… Read More Here
MOPANI ATTENDS 7TH ZAMBIA-CANADA CORPORATE SOCIAL RESPONSIBILITY FORUM 8 Mining in Zambia Copper Corporate social responsibility 

MOPANI ATTENDS 7TH ZAMBIA-CANADA CORPORATE SOCIAL RESPONSIBILITY FORUM

Constance
Mopani Copper Mines PLC took part in the just ended 7th Zambia-Canada Corporate Social Responsibility Forum in Solwezi. The event, which aimed to foster the exchange of ideas regarding CSR, community engagement, and sustainable investment, took place from March 18th to 19th, 2024, at Solwezi’s Kansanshi Hotel in the North-Western Province. This year’s CSR Forum took place under the theme “Sharing Best Practices in Community Relations, Environmental Stewardship, and Responsible Business Conduct,” and brought together mining experts, traditional leaders, the Canadian High Commission, and other stakeholders. Under the theme of “Sharing Best Practices… Read More Here
Abu Dhabi Firm Eyes Acquisition of Zambia's Lubambe Copper Mine 9 Mining in Zambia Copper Economy 

Abu Dhabi Firm Eyes Acquisition of Zambia’s Lubambe Copper Mine

Constance1 Comment
An entity of the International Holding Company (IHC), Abu Dhabi’s esteemed corporation, has expressed interest in acquiring Zambia’s Lubambe copper mine, a deal that could potentially complicate the ongoing sale process initiated by China’s JCHX Mining, according to sources familiar with the matter. International Resources Holding (IRH), a subsidiary of IHC, has communicated its interest to EMR Capital, a private equity manager holding an 80% stake in the Lubambe copper project, currently up for sale. This development adds a layer of complexity to the sale process already initiated by JCHX,… Read More Here
Mozambique: EDM loses over 78 million dollars from vandalization and illegal connections 10 International Electricity 

Mozambique: EDM loses over 78 million dollars from vandalization and illegal connections

Constance
Mozambique’s publicly-owned electricity company, EDM, has recorded, over the last year, a financial loss of five billion meticais (78.3 million dollars at the current exchange rate) as a result of damage of equipment by criminals across the country, as well as illegal connections. According to EDM Executive Director, Noel Govene, who was speaking recently at the signing ceremony of a Memorandum of Understanding between EDM and the Institute for Scholarships (IBE), “in 2023 alone, EDM recorded losses of around five billion Meticais, an amount that could have been used to… Read More Here

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