Economy - Copperbelt Katanga Mining

Finance Minister Musokotwane Highlights Surging Investor Interest at Indaba 2025 1

Zambia has emerged as a key attraction for global investors at the ongoing Investing in African Mining Indaba in Cape Town. Finance and National Planning Minister Dr. Situmbeko Musokotwane stated that the country’s rich mineral resources have made the Zambian delegation one of the busiest at the event, with investors actively seeking opportunities in the mining sector. Dr. Musokotwane attributed this heightened interest to the New Dawn Government’s investor-friendly policies, as well as Zambia’s long-standing peace and stability. He highlighted that the government holds valuable mining assets that have drawn… Read More Here

Economy Events & Expos Mining in Zambia

Zambia’s Finance Minister Arrives in South Africa for Mining Indaba 2025

February 3, 2025February 3, 2025 Constance0 comment

Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, has arrived in South Africa for the 2025 Investing in African Mining Indaba, set to take place from February 3 to 6 at the Cape Town International Convention Centre (CTICC). Dr. Musokotwane will represent President Hakainde Hichilema at the high-profile event, which is themed “Future-proofing African Mining, Today.” The summit will focus on sustainability, investment, and economic growth in Africa’s mining sector. He is joined by Minister of Mines and Minerals Development Paul Kabuswe, Mines Permanent Secretary Dr. Hapenga Kabeta,… Read More Here

Mining in Zambia Copper Economy New Mining Projects

Ming’omba Mine to Boost Zambia’s Copper Production Target

February 2, 2025February 2, 2025 Constance0 comment

President Hakainde Hichilema has reaffirmed that the projected increase in copper production at Ming’omba Mine will contribute significantly to Zambia’s goal of reaching 3 million tonnes of copper output by 2031. Speaking at State House in Lusaka during a meeting with a delegation from KoBold Metals, President Hichilema emphasized that every mining asset in the country must play a role in achieving this target. He urged the company to intensify efforts and accelerate production where possible. The President expressed satisfaction that Ming’omba Mine has already employed over 500 workers and… Read More Here

Mining in Zambia Cobalt Economy

Stanbic Bank Zambia Champions Collaborative Energy Solutions to Boost Mining Sector Productivity

February 1, 2025February 1, 2025 Constance0 comment

Stanbic Bank Zambia has emphasized the critical role of collaboration in boosting mining productivity as demand for essential minerals such as copper, cobalt, lithium, and nickel continues to rise. The bank believes that further electricity import deals can help address Zambia’s power deficit, ensuring the stability of the mining sector, which consumes over 50% of the country’s generated electricity. Speaking in Lusaka, Helen Lubamba, Head of Corporate and Investment Banking (CIB) at Stanbic, highlighted the benefits of increasing electricity imports for the mining industry, which would contribute to Zambia’s overall… Read More Here

Mining in Zambia Economy Electricity

World Bank Approves $292 Million for Zambia-Tanzania Power Interconnector

January 27, 2025January 27, 2025 Constance

The World Bank has approved a $292 million grant to support the Zambia-Tanzania Interconnector Project (ZTIP), designed to tackle key challenges in the energy sector and enhance regional power transmission. Of the total financing, $245 million comes from the World Bank’s International Development Association (IDA), with additional funding from the UK’s Foreign, Commonwealth, and Development Office (FCDO), contributing $17 million, and $30 million from the European Union. Achim Fock, World Bank Country Manager for Zambia, emphasized the project’s importance in addressing Zambia’s significant energy sector challenges. He pointed out that… Read More Here

Mining in Zambia Copper Economy

Zambia’s Mining Sector Sees Promising Turnaround with Policy-Driven Resilience

January 26, 2025January 26, 2025 Constance

Zambia’s mining sector has shown a promising turnaround, with economic expert Kelvin Chisanga commending its resilience and policy-driven improvements. Reflecting on the sector’s performance, Chisanga highlighted that despite a 20% decline in production in 2023, the 12% growth recorded in 2024 demonstrates the effectiveness of government policies and the commitment of key stakeholders. “The positive growth can largely be attributed to the government’s efforts to resolve legacy issues at Mopani Copper Mine and Konkola Copper Mine,” Chisanga stated. He acknowledged the significant contributions of major players such as Barrick Gold… Read More Here

Mining in DRC Economy Gold

DRC Gold Trading SA Exports 200kg of Gold in January from Artisanal Mining

January 25, 2025January 25, 2025 Constance

DRC Gold Trading SA, a state-owned mining company in the Democratic Republic of Congo (DRC), announced via its official X account on Tuesday, January 21, that it had exported 200 kilograms of gold during January. The gold was sourced from artisanal and small-scale mining activities. The company revealed that the exports were facilitated by its branches located in Kalemie, the capital of Tanganyika province, and Bukavu, in South Kivu province. Previously known as “Primera Gold,” the company was rebranded as DRC Gold Trading SA. Notably, on December 9, 2024, the… Read More Here

Mining in Zambia Copper Economy

Zambia Pins Economic Revival Hopes on Mining Sector Amid Drought Challenges

January 22, 2025January 22, 2025 Constance

Zambia is looking to the mining sector for an economic recovery after facing a sharp slowdown in growth due to the worst drought in living memory, according to Finance Minister Situmbeko Musokotwane. Speaking at an event discussing the economic outlook, Musokotwane highlighted that new mines were set to open soon, and existing mines were reinvesting to boost production. “If all goes according to plan, 2025 should mark the start of this revival, and it will strengthen year after year,” he said. The government estimates that copper production in 2023 exceeded… Read More Here

Mining in DRC Economy

IMF Approves $2.87 Billion Agreement with DRC for Economic Growth and Climate Resilience

January 19, 2025January 19, 2025 Constance

On January 15, 2025, the International Monetary Fund (IMF) Executive Board approved a new cooperation agreement with the Democratic Republic of Congo (DRC), encompassing two major programs worth $2.87 billion. The package includes a $1.77 billion Extended Credit Facility (ECF) and a $1.1 billion Climate Resilience Facility (CRF). Prime Minister Judith Suminwa Tuluka announced the agreement following an extraordinary Council of Ministers meeting chaired by President Félix-Antoine Tshisekedi. Minister of Communication and Media, Patrick Muyaya, confirmed that disbursements will occur in tranches, contingent on progress in implementing agreed economic reforms.… Read More Here

Mining in DRC Economy

DRC’s Economy Thrived in 2024 Amid Challenges, Records 6% GDP Growth

January 19, 2025January 20, 2025 Constance

Despite persistent security challenges in the eastern regions, the Democratic Republic of Congo (DRC) achieved remarkable economic growth in 2024, with its real GDP growth rate estimated at 6.0%, according to the International Monetary Fund (IMF). This economic performance surpassed initial IMF projections of 4.7%, highlighting the country’s resilience in navigating economic and security challenges. Finance Minister Doudou Fwamba credited the growth to effective public financial management and the stabilization of the macroeconomic framework. “Prudent fiscal policies have laid the foundation for this exceptional growth,” he stated. The mining sector,… Read More Here