You are here

Written by 

Zambia's Direct Copper Trading Strategy to Reshape Economy 1 Mining in Zambia Copper Economy 

Zambia’s Direct Copper Trading Strategy to Reshape Economy

Constance
In a strategic move set to transform Zambia’s copper industry, the nation plans to directly purchase and sell a portion of its copper production, challenging industry giants like Mercuria Energy and Glencore. Jito Kayumba, senior economic adviser to President Hakainde Hichilema, emphasized the aim of ensuring fairness and commercial viability for mining companies in this new approach. Zambia aligns itself with neighboring countries such as Botswana and the Democratic Republic of Congo, seeking to maximize economic benefits from mineral resources by gaining direct access to commodities for sale. Despite holding… Read More Here
Ivanhoe Mines' Kamoa-Kakula to Export Copper via Lobito Railway 2 Copper Mining in DRC Press Release Transport and Logistics 

Ivanhoe Mines’ Kamoa-Kakula to Export Copper via Lobito Railway

Constance
Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025 ■ Lobito Corridor passes through Ivanhoe’s Western Foreland licences and within five kilometres ofKamoa-Kakula ■ Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development ■ Lobito Corridor is supported by the United States and G7 nations through the Partnership for Global Infrastructure and Investment  Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna… Read More Here
Uganda Strengthens Border Control Measures for Gold Shipments 3 International Gold Mining in Uganda 

Uganda Strengthens Border Control Measures for Gold Shipments

Constance
Uganda has recently implemented stringent measures to enhance the verification of products entering its borders, particularly focusing on gold shipments. The Uganda Revenue Authority (URA) issued a notice informing clearing officers of a new rule aimed at ensuring the legitimacy of such imports. According to a report by the East African, the URA has written to Ugandan airlines, warning that gold shipments will be denied unless exporters provide proof of payment clearance. This move comes as a response to concerns about the violation of East African Community Customs Management due… Read More Here
DRC and China Settle 16-Year Mining Dispute with $5.8 Billion Deal 4 Mining in DRC Governance 

DRC and China Settle 16-Year Mining Dispute with $5.8 Billion Deal

Constance
A rift between China and the Democratic Republic of Congo has been averted owing to the intervention of the Congolese government. The Congolese government noted that it recently resolved the controversial mining deal between it and China. The contentious deal had felt like it would sour the relationship between both countries. A report by the East African showed that DRC government officials disclosed recently that open talks with Beijing led to the new agreement. It happened sixteen years after the two parties signed “the contract of the century,” as described… Read More Here
Zambia's Mining Sector Sets New Record with Tax Contributions Reaching K43 Billion 5 Mining in Zambia Mining revenue 

Zambia’s Mining Sector Sets New Record with Tax Contributions Reaching K43 Billion

Constance
Tax payments from the mining sector rose by 11 percent to K43.3 billion in 2022, according to the latest independently audited report from the Zambia Extractive Industries Transparency Initiative (ZEITI). The report showed that total revenues received by government from the mining sector rose to more than K43.3 billion in 2022, a significant increase on the K39 billion received in 2021. With top contributing mines being Kansanshi Mining with contributions of K15 billion, FQM Trident making contributions of K8.6 billion and Lumwana Mine making contributions of K4 billion. The overall… Read More Here
FQM BACKS ZAMBIA’S MINING GROWTH STRATEGY  6 Mining in Zambia Copper 

FQM BACKS ZAMBIA’S MINING GROWTH STRATEGY 

Constance
First Quantum Minerals (FQM) pledged its support for President Hakainde Hichilema’s vision for the future of mining in Zambia, in which he outlined plans to expand copper production and position the country as a major player in the global mining industry. Speaking at the Investing in African Mining Indaba 2024, where the President gave a keynote address last week, FQM Lead of Infrastructure Development, Jed Goldstein, restated the company’s dedication to fostering sustainable development in Zambia through continued investment in infrastructure, technology, and people, aimed at enhancing operational efficiency and… Read More Here
ZCCM-IH and Kobold Mingomba JV Unveils Zambia's Biggest Copper Find in a Century 7 Mining in Zambia Battery Metals Cobalt Copper Lithium New Mining Projects Nickel 

ZCCM-IH and Kobold Mingomba JV Unveils Zambia’s Biggest Copper Find in a Century

Constance
Yesterday, Joint venture partners ZCCM-IH and KoBold Metals, a Silicon Valley company using artificial intelligence to discover critical minerals for the electric vehicle and renewable energy revolutions, discussed the details of their recent copper discovery at the Mingomba deposit.“ZCCM-IH’s goal is to ensure that Zambia’s finite mineral resources are optimized and benefit the people of Zambia,” said ZCCM-IH Board Chair Mr. Kakenenwa Muyangwa. “ZCCM-IH is proud to be an active investor partnering with Kobold Metals in the Mingomba Deposit, which is well-positioned to help create new jobs, bring significant new… Read More Here
President Hakainde Hichilema Delivers Keynote speech at the Mining Indaba 2024 8 Mining in Zambia Battery Metals Copper Events & Expos 

President Hakainde Hichilema Delivers Keynote speech at the Mining Indaba 2024

Constance
In his address at the 2024 African Mining Indaba in Cape Town, Zambia’s President Hakainde Hichilema highlighted the significant strides made in the country’s mining sector and called for continued investment to power Africa’s future. President Hichilema began by expressing condolences on the passing of Namibian President Hage G. Geingob and extended sympathies to his family and the people of Namibia. He then expressed gratitude to His Excellency President Cyril Ramaphosa and other dignitaries present. Reflecting on the progress since his last address in 2022, President Hichilema highlighted key investments… Read More Here
RAMAPHOSA OPENS MINING INDABA WITH CALL FOR COLLABORATION 9 Events & Expos International Sponsored Content 

RAMAPHOSA OPENS MINING INDABA WITH CALL FOR COLLABORATION

Constance
Investing in African Mining Indaba 2024 opened yesterday 5th January in Cape Town with a record 11,000 registered delegates from 126 countries, and 8,000 delegates attending on the first day. South Africa’s President Cyril Ramaphosa delivered a keynote address at the opening ceremony with a clarion call for collaboration between the mining industry and government, highlighting the immense potential that Africa has in being central to the global clean energy transition. “Our Just Energy Transition Investment Plan outlines a pathway to create new industries and support more livelihoods in the… Read More Here
Zambia Aims for Glencore Debt Restructuring with New Mopani Investor 10 Mining in Zambia Copper 

Zambia Aims for Glencore Debt Restructuring with New Mopani Investor

Constance
Zambia is in the process of restructuring a $1.5 billion debt owed by Mopani Copper Mines to Glencore, originating from Glencore’s acquisition of Mopani in 2021, ZCCM-Investment Holdings (ZCCM-IH) announced on Friday. A Glencore spokesperson confirmed ongoing discussions on the debt restructuring but emphasized that no final agreement had been reached. In 2022, Glencore had written down the Mopani debt to $596 million as the copper miner struggled to meet production targets due to insufficient funding. In November, Zambia selected the United Arab Emirates’ International Resources Holdings (IRH) as the… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.