Mining in Zambia - Copperbelt Katanga Mining

Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds 1

Gemfields recently held a mini auction to sell emeralds from its Kagem mine in Zambia, which remained unsold from a previous sale due to competition from another producer offering similar goods at lower prices. Between February 19 and 21, the company generated $4.8 million from the sale of 45,864 carats, it announced on Monday. Of the 13 lots offered, 10 were sold, achieving an average price of $105 per carat. In November, Gemfields had put 43 lots up for sale but managed to sell only 30, marking its weakest emerald… Read More Here

Mining in Zambia Copper

Zambia Police Pledge Support to First Quantum Minerals in Kalumbila

February 23, 2025February 23, 2025 Constance0 comment

The North-Western Division of the Zambia Police has pledged continued support for First Quantum Minerals Limited (FQML) and its mining investments. This commitment was made during a courtesy visit to FQML’s operations in Kalumbila at the FQM Trident Limited site, which includes the Sentinel Copper and Enterprise Nickel Mines. The delegation, led by newly appointed Commissioner of Police Paul Achiume, included Deputy Commissioner Desmond Mwanza and Senior Assistant Commissioner Kennedy Mumbi. The visit aimed to familiarize the team with the operations of the mines. Upon arrival, the team was welcomed… Read More Here

Mining in Zambia Electricity

ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity

February 23, 2025February 23, 2025 Constance0 comment

ZESCO, Zambia’s state-owned electricity company, has signed Power Purchase Agreements (PPAs) with 28 Independent Power Producers (IPPs) under the Micro-Generator Scheme and the Presidential Solar Initiative. The agreements will add 270 megawatts (MW) of solar power to the national grid. At the signing ceremony, Energy Minister Hon. Makozo Chikote emphasized the government’s commitment to development, stating, “Under President Hakainde Hichilema’s leadership, we are delivering development, not just talking about it. This initiative will power industries, create jobs, and drive economic growth, showing that the UPND government is serious about transforming… Read More Here

Mining in Zambia Mining safety

Sino Mine Tailings Dam Collapse Devastates Land and Crops in Chambeshi

February 23, 2025February 23, 2025 Constance0 comment

A major environmental disaster has unfolded in Mwambashi Ward, Chambeshi District in Zambia, after the collapse of the Sino Mine Leach Tailings Dam, which contained acid. The spill has not only contaminated the surrounding land but has also devastated over 200 farmers’ fields, raising concerns about mining-related environmental risks. Anthony Mwape, one of the affected farmers, reported that his four-hectare farm—where he grew maize, onions, and cabbage—was completely destroyed. His crops, which were ready for harvest in March, were lost due to the acid exposure. Area Councillor Bertha Mulenga has… Read More Here

Mining in Zambia Copper New Mining Projects

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

February 23, 2025February 23, 2025 Constance0 comment

Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here

Mining in Zambia Precious Stones

Zambia Suspends 15% Export Tax on Precious Stones to Boost Competitiveness

February 23, 2025February 23, 2025 Constance0 comment

Zambia has suspended its 15% export tax on precious stones and metals in an effort to enhance global competitiveness and attract investment, the Ministry of Finance announced last week. The southern African nation, the world’s second-largest emerald producer after Colombia, had reintroduced the tax in January 2025 after initially suspending it in 2019. “With this suspension, Zambian precious stones and metals will now be priced more competitively on the global market, attracting greater interest from international buyers and leading to higher sales volumes,” the ministry stated. In January, Gemfields, the… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx Advances Muntanga Uranium Project Financing in Zambia

February 22, 2025February 22, 2025 Constance0 comment

TSX-listed GoviEx Uranium has appointed Endeavour Financial as its financial adviser, marking the first step in securing project financing for its Muntanga uranium project in Zambia. Muntanga is a near-term uranium project with well-established export routes to both Western and Eastern markets. It has a net present value (NPV) of $243 million, an internal rate of return (IRR) of 20.8%, and a rapid payback period of 3.8 years. The project is highly leveraged to uranium prices, with its NPV increasing by $45 million for every $5/lb rise in triuranium octoxide… Read More Here

Mining in Zambia Copper New Mining Projects

Barrick Files Technical Reports for Lumwana Expansion and Reko Diq Projects

February 21, 2025February 21, 2025 Constance0 comment

Barrick Gold Corp has filed technical reports for its Reko Diq and Lumwana Expansion projects in Pakistan and Zambia, respectively, outlining significant development and production growth plans. Barrick, which owns a 50% stake in Reko Diq and operates it through the Reko Diq Mining Company (RDMC), has completed a feasibility study detailing a phased development approach: The project includes two open-pit mines—Western Porphyries (main pit) and Tanjeel (satellite pit)—along with a processing plant and associated infrastructure. It will produce copper concentrate containing gold, which will be processed by third-party smelters.… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

U.S. Aid Freeze Puts Africa’s Critical Minerals Corridor at Risk

February 21, 2025February 21, 2025 Constance0 comment

A billion-dollar expansion of Africa’s most strategic U.S.-backed critical minerals project is now in limbo due to a foreign aid freeze under the Trump administration—creating an opening for China to expand its influence. At the center of the crisis is the Lobito Corridor railway project, a key infrastructure initiative designed to transport copper and cobalt from the Central African Copperbelt—home to some of the world’s richest deposits—to the Angolan coast for export to Western markets. The project was set to receive funding from the U.S. International Development Finance Corp. (DFC)… Read More Here

Mining in Zambia Copper New Mining Projects

Jubilee Metals Ramps Up High-Grade Copper Processing at Roan Facility

February 19, 2025February 19, 2025 Constance0 comment

Jubilee Metals Group (LON: JLP) has begun processing high-grade copper feed material at its Roan concentrator in Zambia, marking a key milestone in its operational strategy. The facility had previously relied on low-grade waste material for copper production. This development follows Jubilee’s recent agreement to secure an initial 200,000 tonnes of material with a copper content of approximately 1.6%—more than double the 0.7% grade of previously processed material at Roan. Payment for this high-grade material will be made through Jubilee’s Zambian operations, along with the issuance of $2.7 million worth… Read More Here