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Category: Mining in Zambia

Mining in Zambia Copper Economy 

IRH Invests Over $800 Million in Mopani Copper Mines to Drive Growth and Sustainability

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International Resources Holdings (IRH) has committed over $800 million towards revitalizing Mopani Copper Mines on Zambia’s Copperbelt, marking a significant milestone in the country’s mining sector. This investment is part of a broader $1 billion initiative aimed at enhancing production capacity and promoting long-term sustainability at the mine. Mopani Copper Mines’ CEO, Charles Sakanya, confirmed the financial injection, emphasizing its role in modernizing operations and fostering future growth. The funds will be used to improve infrastructure, boost operational efficiencies, and create opportunities for local suppliers and contractors. During a recent… Read More Here
Mining in Zambia Copper Economy 

Zambia Targets 1 Million Tons of Copper in 2025 as Mine Revivals Boost Output

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Zambia’s copper production is expected to reach approximately 1 million metric tons in 2025, up from an estimated 820,000 tons in 2024, according to Finance Minister Situmbeko Musokotwane. This projected 22% year-over-year increase signals a major recovery for Africa’s second-largest copper producer and reflects a broader resurgence in the country’s mining sector. The growth is being fueled by the revival of key operations, including the Lubambe, Luanshya, and Kalengwa mines. Despite falling short of the 1 million-ton target in previous years, the government remains committed to reaching its long-term goal… Read More Here
Mining in Zambia Copper Exploration New Mining Projects 

Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia

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Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete have announced that the company has been granted by the Government of the Republic of Zambia a vast, 7,757-square-kilometre package of new exploration licences in the highly-prospective North-Western Province of Zambia. Ivanhoe’s thesis behind the strategically selected licence package is to explore for an extension of the Central African Copperbelt. As announced on September 10, 2024, a memorandum of understanding (MOU) was signed between Ivanhoe Mines and the Republic of Zambia’s Ministry of Mines and Minerals Development (Ministry of… Read More Here
Mining in Zambia Angola Mining in DRC Transport and Logistics 

U.S. Reaffirms Commitment to Lobito Corridor Investments

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The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S. government’s commitment to supporting the development of the Corridor, promoting prosperity for both the Angolan government and its people. “U.S.… Read More Here
Mining in Zambia Copper 

ZCCM-IH Faces Arbitration Proceedings Over Trafigura Payment Dispute

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LUSAKA – ZCCM Investments Holdings Plc (LUSE: ZCCM-IH) has informed its shareholders and the investing public of ongoing confidential arbitration proceedings initiated by Trafigura Pte Limited. The arbitration, filed under the London Court of International Arbitration (LCIA) Rules 2020 on February 24, 2024, follows Trafigura’s demand for payment made on November 21, 2023. The dispute relates to a guarantee signed on July 28, 2021, by ZCCM-IH’s then-CEO. The guarantee was provided as security for a ZMW 1.663 billion (approximately US$100 million) prepayment agreement between Trafigura and Konkola Copper Mines Plc… Read More Here
Mining in Zambia 

Zambia Unveils “The Zambezi Minute” Vision to Lead in Critical Minerals Sector

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This weekend, the Zambian government launched The Zambezi Minute, an ambitious initiative aimed at harnessing the global demand for critical minerals and attracting foreign investment. The government has committed to ensuring fair benefits for its citizens, including jobs, revenue, and sustainability, while drawing in capital to drive economic growth. The plan’s foundation rests on a streamlined regulatory system, with every policy evaluated by one key question: “Does it reduce risk and increase output?” Success, according to government officials, will rely on improved infrastructure, logistics, and transparent policies that foster investor… Read More Here
Mining in Zambia 

Zambia’s Chief Geologist Calls for Regulatory Reforms to Strengthen Mining Sector

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Desiderius Chapewa, Chief Geologist for Regional Mapping at the Geological Survey Department, has outlined critical challenges facing Zambia’s mining exploration sector, including the lack of regulation for geological professionals and the need for better data management. In an interview with Copperbelt Katanga Mining at the recent AZMEC Forum in Kitwe, Mr. Chapewa highlighted the need to pass the Geoscience Professionals Bill to formalize the profession and enhance the exploration process. He also pointed out the difficulty investors face due to the absence of a centralized mineral inventory, with many companies… Read More Here
Mining in Zambia Corporate News Press Release 

KCM Reaffirms Commitment to Settling Debts Under Court-Approved Payment Plan

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Konkola Copper Mines (KCM) has assured that it is fully committed to meeting its obligations under the Scheme of Arrangement, a court-approved payment plan. The company confirms that it has not defaulted on any payments to creditors and is adhering to the terms established by the court. KCM has already made full payments to smaller creditors (Class I), those owed less than $1 million. For larger creditors (Class II), owed $1 million or more, KCM has paid 35% of the amounts due as a first tranche on a prorated basis,… Read More Here
Mining in Zambia 

Zambia’s Mining Pollution Poses Growing Environmental and Economic Risks

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Concerns over mining pollution in Zambia are growing as experts highlight severe health risks and economic instability linked to environmental hazards. Economic analyst Kelvin Chisanga has raised alarm over the discharge of harmful chemicals into the country’s water bodies by mining companies, calling for urgent regulatory action. “The mining sector once promised economic growth, job creation, and increased revenue. However, with stakeholders failing to uphold environmental standards, we are witnessing a dangerous trend of pollution,” Chisanga stated. He emphasized that Zambia’s mining industry has long operated under weak regulatory oversight,… Read More Here
Mining in Zambia Economy 

Zambia’s Economy Surpasses Growth Forecasts Amid Strong Q4 Performance

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Zambia’s economy outperformed expectations in 2023, exceeding growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output. According to preliminary data, the country’s gross domestic product (GDP) grew by 4% in 2023, down from 5.4% in 2022, acting Statistician-General Sheila Mudenda announced on Thursday. This figure far exceeded the IMF’s projection of 1.2% and the estimates of President Hakainde Hichilema’s administration, Bloomberg reported. The economy recorded an impressive 8.6% growth in the last quarter—the fastest pace in over a decade—bolstered… Read More Here

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