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Zambia's Mines Ministry Plans Extensive Geological Mapping for Mineral Assessment 1 Mining in Zambia Exploration 

Zambia’s Mines Ministry Plans Extensive Geological Mapping for Mineral Assessment

Constance
Permanent Secretary of Zambia’s Ministry of Mines and Minerals Development Hapenga Kabeta, recently disclosed plans to commence geological mapping across the country to determine its mineralization. In an interview, Dr. Kabeta outlined the division of the nation into four zones, marking the preparation for this extensive exercise. “We have to find out what minerals are there in the country, where they are, and in what quantities. This year we are starting the exercise of mapping the country, and we have divided it into four zones. I’m confident the exercise will… Read More Here
𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗠𝗣𝗘𝗧𝗜𝗧𝗜𝗢𝗡 𝗔𝗨𝗧𝗛𝗢𝗥𝗜𝗧𝗬 𝗔𝗣𝗣𝗥𝗢𝗩𝗘𝗦 𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗧𝗔𝗞𝗘 𝗢𝗩𝗘𝗥 𝗕𝗬 𝗠𝗠𝗚 𝗚𝗥𝗢𝗨𝗣 2 International Copper 

𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗠𝗣𝗘𝗧𝗜𝗧𝗜𝗢𝗡 𝗔𝗨𝗧𝗛𝗢𝗥𝗜𝗧𝗬 𝗔𝗣𝗣𝗥𝗢𝗩𝗘𝗦 𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗧𝗔𝗞𝗘 𝗢𝗩𝗘𝗥 𝗕𝗬 𝗠𝗠𝗚 𝗚𝗥𝗢𝗨𝗣

Constance
Botswana Competition & Consumer Authority (CCA) has given green light to the take over of Khoemacau Copper Mining by Chinese global miner MMG Limited. In a merger notice to the market this week the authority said after all the necessary assessments it is all systems go from their end. The Competition Authority screens a proposed transaction and looks into the acquiring enterprise and the target company aswell as the relevant markets, competitive analysis and public interest. The Acquiring Enterprise, AcquireCo, is a company incorporated in accordance with the Laws of… Read More Here
BRICS: South Africa announces five new confirmations 3 International Economy 

BRICS: South Africa announces five new confirmations

Constance
Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have officially confirmed their participation in the BRICS bloc after receiving invitations last year, according to South Africa’s Foreign Minister Naledi Pandor. These five nations, along with Argentina, were invited to join the bloc during a summit in August held in Johannesburg, joining the existing BRICS members—Brazil, Russia, China, India, and South Africa, Reuters reported. However, Argentina has officially declined the invitation to join the BRICS bloc, as President Javier Milei, who assumed office, reversed his predecessor’s membership bid. “With… Read More Here
FQM to sell 120,000 tons of copper in Panama mine 4 Copper International 

FQM to sell 120,000 tons of copper in Panama mine

Constance
Canadian miner First Quantum Minerals said on Monday it intends to sell the 120,000 tons of copper concentrate stored near the Punta Rincon port. First Quantum’s Panama unit said in a statement that due to the lack of options available to finance the essential activities of preservation and safe operations, selling the copper concentrate is the best alternative to generate resources to cover the costs. In December, the Panama government ordered the shutdown of First Quantum’s Cobre Panama mine after protests erupted across the country against the mine. Since then,… Read More Here
PRIME MINISTER OF THE DEMOCRATIC REPUBLIC OF CONGO TOATTEND MINING INDABA 2024 5 Battery Metals Events & Expos Sponsored Content 

PRIME MINISTER OF THE DEMOCRATIC REPUBLIC OF CONGO TOATTEND MINING INDABA 2024

Constance
Investing in African Mining Indaba is honoured to announce that the Prime Minister of the Democratic Republic of Congo (DRC), Jean-Michel Sama Lukonde will be attending Mining Indaba 2024 where he will deliver a keynote address on Monday 5 February at the official opening ceremony.  As one of the world’s largest producers of green metals, it is expected that Prime Minister Sama Lukonde will highlight key investment opportunities in the DRC’s mining sector at Mining Indaba. Attendees can also expect to get the latest on the partnership between the DRC… Read More Here
FQM Dominates Zambia's Extractive Sector Contributions 6 Mining in Zambia Copper Mining tax 

FQM Dominates Zambia’s Extractive Sector Contributions

Constance
First Quantum Minerals (FQM) emerged as the primary revenue contributor to the Zambian government from the extractive sector in 2022, according to the latest Zambia Extractive Industry Transparency Initiative (ZEITI) report. The independently audited report unveiled that FQM, a key player in the mining industry, significantly contributed over K25 billion in taxes, royalties, and various payments. The report, presented during the launch in Solwezi, North-Western Province, underscored FQM’s pivotal role in supporting the Zambian economy. The company made a substantial commitment of over a billion dollars for additional capital investment,… Read More Here
PRESIDENT CYRIL RAMAPHOSA TO ATTEND THE 30th ANNIVERSARY CELEBRATION OF THE MINING INDABA 7 Events & Expos International Sponsored Content 

PRESIDENT CYRIL RAMAPHOSA TO ATTEND THE 30th ANNIVERSARY CELEBRATION OF THE MINING INDABA

Constance
President Cyril Ramaphosa will on Monday, 5 February 2024 deliver a keynote address during the 30th anniversary celebration of the Mining Indaba in Cape Town. This year’s theme “Embracing the power of positive disruption: A bold new future for African Mining,” marks three decades as Africa’s premier platform for deal-making and discussions on critical mining issues. The President’s participation underscores the significance of collaboration and sustainable development in the mining sector. His insights will contribute to disruptive discussions aimed at uncovering opportunities and addressing challenges within the industry. The event… Read More Here
Gemfields Achieves Strong Auction Revenues in 2023 Despite High-Quality Emerald Auction Withdrawal 8 Gemstones Mining in Zambia Precious Stones 

Gemfields Achieves Strong Auction Revenues in 2023 Despite High-Quality Emerald Auction Withdrawal

Constance
Gemstone mining company Gemfields reported robust auction revenues and pricing for both emeralds and rubies, reaching $242 million in 2023. This marks the second-highest year in Gemfields’ history, even with the withdrawal of the higher-quality emerald auction in November 2023. Gemfields’ 75%-owned Kagem emerald mine in Zambia witnessed a notable improvement in the quality and quantity of premium emeralds recovered in recent months. Emerald auction revenues for the year amounted to $90.4 million. The company’s 75%-owned Montepuez ruby mine in Mozambique earned $151.4 million for the year. Gemfields’ cumulative emerald… Read More Here
Zambia's Govt Inaugurates Chambeshi Railway Siding Depot to Boost Logistics in the Country 9 Mining in Zambia Coal Transport and Logistics 

Zambia’s Govt Inaugurates Chambeshi Railway Siding Depot to Boost Logistics in the Country

Constance
The Zambian government has officially launched a railway siding depot at Sunline Zambia logistics company in Kalulushi District, Copperbelt. The depot aims to facilitate the transportation of fifteen thousand metric tonnes of coal monthly, contributing to efforts to enhance the railway sector and alleviate road congestion caused by heavy cargo transport. Transport and Logistics Minister Frank Tayali emphasized the project’s significance, praising the government’s economic policies that attracted a three-million-dollar investment from the Chinese company into the Chambeshi railway siding. Johnny Jiang, Chairman of Sunline International Logistics, commended the Zambian… Read More Here
IMF Forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings 10 Mining in Zambia Copper Economy 

IMF Forecasts 4.7% Economic Growth for Zambia in 2024, Citing Mining Sector Reopenings

Constance
The Country Representative of the International Monetary Fund (IMF), Eric Lautier, has projected a robust economic growth of 4.7% for Zambia in 2024, surpassing last year’s recorded growth of 4.3%. Lautier attributes this positive outlook to the anticipated reopening of production at Konkola Copper and Mopani Copper Mines. The economic trajectory is expected to receive further impetus from increased investments in Kansanshi and Sentinel Mines. Lautier shared these insights in response to inquiries from various stakeholders in Zambia. However, he highlighted that the mining sector’s low production has adversely impacted… Read More Here

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