Energy - Copperbelt Katanga Mining

MAAMBA COLLIERIES LTD AND ZESCO LIMITED JOINT CLARIFICATION ON MAINTENANCE OUTAGE 1

LUSAKA, ZAMBIA – Maamba Collieries Limited and ZESCO Limited jointly clarify that the current shutdown of one of the two 150MW units for Maamba Collieries Limited’s 300MW Thermal Power Station is due to routine planned maintenance and strongly refute suggestions in some quarters, that the maintenance is being used as an ‘arm-twisting’ mechanism by Maamba Collieries to demand funds owed to them by ZESCO Limited. The two companies have recently cemented a new spirit of partnership and collaboration following an agreement on an amicably revised tariff and resolution of a legal… Read More Here

Energy International

Booming Market for Energy Transition Provides Opportunities for Diversification

January 16, 2023January 16, 2023 Constance

The International Energy Agency (IEA) reports that the energy transition presents an industrial opportunity with a projected triple increase in market value by 2030, however, it also notes the potential risks, particularly in terms of geographical concentration. The IEA estimates that by 2030, the global market for major low-carbon energy technologies such as solar panels, wind turbines, batteries, hydrogen electrolyzers, and heat pumps will reach approximately 650 billion dollars annually, a threefold increase from current levels, assuming countries adhere to their commitments. Industrial jobs in the sector are expected to… Read More Here

International Coal Energy

Global Coal Demand Set To Rise Amid Upheaval Of The Energy Crisis

January 12, 2023January 12, 2023 Constance

Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, prices soaring, and demand set to grow by 1.2%, reaching an all-time high and surpassing 8 billion tonnes for the first time. In last year’s annual market report, Coal 2021, we said that global coal demand might well reach a new peak in 2022 or 2023 before plateauing thereafter. Despite the global energy crisis, our overall outlook remains unchanged this year, as various factors are offsetting each other. Russia’s invasion of Ukraine has sharply altered the dynamics… Read More Here

Energy Electricity Mining in Zambia

Zambia Electricity Supply Cooperation To Set Up 800 Megawatts Solar Plants

January 12, 2023January 12, 2023 Constance

Zambia Electricity Supply Cooperation Limited is working on setting up solar plants across the country to produce 800 megawatts of electricity. ZESCO National Spokesperson HENRY KAPATA states that the company’s plan to set up solar plants across the country is in alignment with the directive from President HAKAINDE HICHILEMA to explore alternative sources of energy. He says ZESCO Limited plans to construct a 250 megawatts solar plant on their own, and will also partner with another company to construct another 250 megawatts.” According to Mr. KAPATA, ZESCO Limited has identified… Read More Here

Energy Mining in Zambia

British Companies to Invest $2 Billion in Zambia’s Energy Industry

January 12, 2023January 12, 2023 Constance

Seven companies from the United Kingdom have committed to investing $2 billion to establish renewable energy projects in Zambia, which are expected to generate 2,000 megawatts of electricity. British High Commissioner to Zambia, NICHOLAS WOOLLEY, reported that the companies from the United Kingdom are currently carrying out feasibility studies and seeking regulatory approvals before proceeding with their projects. Mr. WOOLLEY revealed that the companies are planning to establish solar and wind energy projects in various regions of the country, which will produce power to be sold to the country’s Electricity… Read More Here

International Battery Metals Energy

Ivanhoe Electric ties up with Saudi Arabia’s Ma’aden

January 11, 2023January 11, 2023 Constance

Ivanhoe Electric (NYSE America, TSX: IE), the latest endeavour of mining magnate Robert Friedland, is joining forces with Saudi Arabian miner Ma’aden to explore for metals considered key for the world’s energy transition. The companies are creating a 50/50 joint venture for such purpose that will run for five years, and may be extended up to ten years. As part of the exploration deal, Ma’aden will invest $126.4 million in Ivanhoe Electric equity, which grants the Gulf’s largest miner a 9.9% in Ivanhoe Electric, which owns properties in Arizona, Utah and Montana, along with… Read More Here

Electricity Energy Mining in Zambia

Zambia Extends Electricity Rationing To Include Mining Firms

January 11, 2023January 11, 2023 Constance

On Tuesday, 10.01.2023 the chairman of state-owned power utility Zambia Electricity Supply Cooperation (Zesco) announced that Zambia has begun rationing electricity to mining companies due to decreased power generation as a result of a significant decline in water levels in Lake Kariba. The Zambezi River Authority, responsible for managing the dam, reported that on Monday, 09.01.2023 the water levels in Lake Kariba were at a low of 1.66% of usable storage for the Kariba North Bank Power Station in Zambia and the Kariba South Bank Power Station on the Zimbabwean… Read More Here

Energy Mining in Zambia

Zambian Authorities Seek Solutions To Long-Standing Energy Shortage In Crisis Talks

January 10, 2023January 10, 2023 Constance

Hichilema remains determined to keep his election campaign commitment of exterminating load management through creating stable power supply to citizenry. Energy poverty is counterintuitive to Zambia’s growth especially at a time the Southern African nation grapples with debt distress and is in the middle of a debt restructure. Zambia faced a similar crisis in 2015 – 2016 period where drought induced a power crisis. In this period the copper producer faced a foreign exchange crisis with sharp currency depreciation, inflation spiral and soaring interest rates as an autopsy. These market… Read More Here

International Coal Energy

Arq Process Converts Fine Coal Waste Into Microfine Hydrocarbon

January 9, 2023January 9, 2023 Constance

Arq, an innovator in recovery and transformation of coal waste into an entirely new source of high-value energy, recently installed eight 18-foot Eriez® CavTube flotation columns in its first commercial facility located in Corbin, Kentucky. The Arq process converts fine coal waste into Arq Fuel™, a high value, microfine hydrocarbon with an average particle size of less than 5 microns and less than 1% mineral matter that can be blended into oil products. Arq Fuel™ behaves like oil without the costs of the oil industry. Eriez’ CavTube columns, which are… Read More Here

Energy Mining in Zambia

Zambia Attractive For Private Sector Energy Investment

January 8, 2023January 9, 2023 Constance

Zambia’s energy sector has become one of the best destinations for private sector investments, Copperbelt Energy Corporation Plc’s (CEC) Chief Financial Officer, Mutale Mukuka, has asserted. Sharing his views on various aspects of the business and the Zambian energy sector recently, Mukuka said the improving economic variables in the country, ongoing sector reforms and the government’s focus on dialogue with the private sector, made for an attractive investment environment. Mukuka stated that the levels of investor comfort were also expected to be bolstered by the positive performance of other key… Read More Here