Energy - Copperbelt Katanga Mining

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

August 6, 2023August 6, 2023 Constance

The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here

Mining in Zambia Electricity Energy

Zambia Electricity and Westland Power Sign Power Purchase Agreement

July 21, 2023July 21, 2023 Constance

Zambia electricity supply (ZESCO)ESCO Limited has signed a Power Purchase Agreement (PPA) with ACSG Westland Power Company Limited, which will see the latter invest in solar thermal projects across the country. The agreement was signed on 18 July 2023 at a ceremony held at ZESCO Head Office in Lusaka and officiated by the Minister of Energy, Hon. Eng. Peter Chibwe Kapala. ZESCO Managing Director, Eng. Victor Mapani said Zambia’s electricity supply industry needs to be demonopolized to allow many players on the market contribute towards meeting the current power supply… Read More Here

International Coal Energy

Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement

July 19, 2023July 19, 2023 Constance

Natural resource development company Contango Holdings has signed a new offtake agreement with global commodity marketing firm TransOre International FZE for the sale of coal from the Lubu project in Zimbabwe. Under the terms of the deal, Contango will supply TransOre with 20,000 tons of washed coal per month at US$120/ton, in line with the current processing capacity at the project. Offtake has the potential to be further expanded as the mine’s production capacity increases. Carl Esprey, CEO of Contango, said the contract with TransOre doubles the firm’s existing offtake… Read More Here

Mining in DRC Electricity Energy

Nuru Secures $40 Million Investment to Expand Project Portfolio in the DRC

July 7, 2023July 7, 2023 Constance

Nuru will be able to continue developing its portfolio of projects in the Democratic Republic of Congo (DRC). The electricity access provider based in Goma in the province of North Kivu has closed its Series B financing round with an investment of $40 million. In addition to the International Finance Corporation (IFC) and Proparco, which announced their investments at the Summit for a New Global Financial Deal in Paris, the deal attracted several other investors. These include the Renewable Energy Performance Platform (REPP), the Global Energy Alliance for People and… Read More Here

Mining in Zambia Energy Events & Expos Mining in DRC

Copperbelt Energy Corporation to Expand Investments in the DRC

June 19, 2023June 19, 2023 Constance

The Copperbelt Energy Corporation (CEC) has announced plans to expand its investments in the Democratic Republic of Congo (DRC), aiming to explore additional energy-related business prospects. This strategic move aligns with CEC’s development plan, according to a statement issued by Verona Nkolola, the Head of Corporate Communications at CEC. CEC Managing Director Owen Silavwe emphasized the importance of the DRC market for the power company, During the DRC Mining Week, Expo, and Conference, which was held under the theme ‘Recognizing DRC’s Mining Triumphs and Victories’ in Lubumbashi, Silavwe highlighted that… Read More Here

International Coal Energy

MMAMABULA Project: Jindal Builds Botswana’s Largest Coal Mine & Power Plant

June 18, 2023June 18, 2023 Constance

The multi-billion dollar O P Jindal Group is hitting the ground running to kick start its long awaited Mmamabula Coal Project. Jindal holds mining license for about 3 billion tonnes of coal in the East Mmamabula Coal Fields. The company is planning to carry out initial mining of 4.5 million tonnes per annum of coal and also to set up a 300 Megawatt power plant at Mmamabula, along with the related infrastructure works. The Jindal’s Mmamabula Coal Mine will be Botswana’s biggest, just 300 000 tonnes above state owned Morupule… Read More Here

Energy Mining in Zambia

Burkina Faso, Uganda and Zambia welcome power investees

June 11, 2023June 11, 2023 Constance

The Beyond the Grid Fund for Africa (BGFA) has signed new agreements with energy service companies to support the expansion and scale-up of off-grid stand-alone solar home systems in Burkina Faso, Uganda and Zambia. Further agreements have been signed with FINCA Plus LLC Uganda, Sun King (Greenlight Planet Zambia Limited), Qotto SARL BF and Bboxx (Advens Bboxx Burkina Faso SAS) which is expected to benefit up to 2.5 million people living in remote areas across the countries. FINCA Plus LLC, known as BrightLife Uganda, provides access to affordable products to markets… Read More Here

Energy International

Ethiopia’s Controversial New Hydroelectric Dam Has Neighbors On Edge

April 6, 2023April 6, 2023 Constance

As the Grand Ethiopian Renaissance Dam nears completion, following years of delays and conflict over water security, Ethiopia is optimistic about what this means for the country’s energy sector. However, other countries, such as Egypt, are concerned about the effects the dam will have on its water supply. With no agreement over the management of the dam having been reached, the project could have a dramatic effect on the region’s energy and water security. Ethiopia’s Office of National Coordination announced this month that its Grand Ethiopian Renaissance Dam (GERD) has… Read More Here

Electricity Energy Mining in Zambia

A new dawn for Zambia’s Energy network

April 6, 2023April 6, 2023 Constance

Vickson Ncube, ZESCO board chairman, takes a closer look at the utility’s new Strategic Plan to revitalise the country’s energy sector. Like most countries across the continent, Zambia has experienced its fair share of energy-related issues. In terms of access to electricity, in many ways the lifeblood of businesses operating in the country and a contributor to general wellbeing, rates have been steadily increasing in recent decades but have slowed since the outbreak of the pandemic – a trend largely reflected across sub-Saharan Africa. At the start of 2023, alarm… Read More Here

Energy Gold International

B2Gold’s Sustainability Director stresses Responsibility to tackle Climate impacts

March 15, 2023March 22, 2023 Constance

For organizations to continue to thrive against the backdrop of climate change, they are charged with reducing their environmental footprint while ensuring operations can withstand the impact of a changing climate. This imperative inspired senior gold producer B2Gold Corp. to embark on an ambitious decarbonization pathway. “At B2Gold, we recognize that climate change is one of the most critical challenges of our time, not just for our business but for society,” says Ken Jones, director of sustainability. “We have a responsibility to do our part and manage our potential impacts as… Read More Here