Mining in Zambia - Copperbelt Katanga Mining

Zambia's Transport Minister Announces Negotiations to Revitalize TAZARA Railway Line 1

Positive developments are underway for the Tanzania-Zambia Railway Authority (TAZARA). Zambian Transport and Logistics Minister Frank Tayali announced that negotiations to revitalize TAZARA are expected to conclude by September 2024. This milestone will pave the way for a concessionaire agreement with China Civil Engineering Construction Corporation (CCECC) to recapitalize the railway authority. The announcement was made during a meeting titled “Revitalize TAZARA, Promoting China-Africa Cooperation.” This collaboration aims to breathe new life into TAZARA and enhance its role in regional cargo transportation. According to Tayali, finalizing negotiations by September will… Read More Here

Mining in Zambia Copper New Mining Projects

Billionaire-backed KoBold, Midnight Sun team up for Zambia copper discovery

May 19, 2024May 19, 2024 Constance

KoBold Metals, a US-based startup supported by high-profile investors such as Bill Gates and Jeff Bezos, is venturing into Zambia’s rich copper belt. In February it partnered with Canada’s Midnight Sun Mining (TSXV: MMA) to explore the promising Dumbwa target within the Solwezi copper project. This strategic alliance will leverage KoBold’s advanced data science techniques and Midnight Sun’s extensive local experience. The goal is for KoBold to earn a 75% stake in the Dumbwa target by investing $15 million in exploration and making $500,000 in cash payments over 4.5 years.… Read More Here

Mining in DRC Mining in Zambia

DRC and Zambia Sign Border Agreement to Boost Trade

May 17, 2024May 17, 2024 Constance

The Democratic Republic of Congo (DRC) and Zambia have recently signed a pivotal border agreement aimed at facilitating smoother trade between the two nations. This accord focuses on enhancing operations at the Kasumbalesa border, the second busiest land border within the Southern African Development Community (SADC) bloc. A report by the East African highlights that this cooperation agreement, formed under the SADC framework, aims to ease cross-border trade. Ministers from both countries have proposed a preliminary framework for cooperation, along with an action plan to address long-term transport challenges. Peter… Read More Here

Mining in Zambia Emeralds Press Release

Gemfields aids authorities in securing prison sentences for bribery totalling 5 years 9 months

May 16, 2024May 16, 2024 Constance

The former chief of staff to Andry Rajoelina, the President of Madagascar, was jailed for three and a half years by a London court on Friday 10 May 2024 for soliciting a bribe from Gemfields, the 75% owner of Kagem Mining Ltd. The former chief of staff, Romy Andrianarisoa (47) and her French accomplice, Philippe Tabuteau (54) sought nearly USD 300,000 by wire transfer plus 5% of any Gemfields mining operation in Madagascar in return for assisting Gemfields in establishing a gemstone joint venture in the country. Tabuteau, who had… Read More Here

Mining in Zambia Copper New Mining Projects

Tertiary Minerals Receives Environmental Approval for Mupala Copper Project in Zambia

May 16, 2024May 16, 2024 Constance

Tertiary Minerals, an AIM-listed mineral exploration and development company, has secured approval for the environmental project brief (EPB) for its Mupala Copper Project in Zambia. This milestone allows Tertiary Minerals to commence mineral exploration activities at the Mupala project, following the approval granted by the Zambia Environmental Management Agency. The approval comes after obtaining a letter of consent from the Sailunga Chiefdom earlier this year. Preparations are underway to kickstart work programs next month, which will include soil sampling to verify identified anomalies and assist with surface regolith mapping. Situated… Read More Here

Mining in Zambia Transport and Logistics

Zambia’s Cabinet Approves Beira Development Corridor Agreement

May 16, 2024May 16, 2024 Constance

The Zambian Cabinet, under the leadership of President Hakainde Hichilema, has given the green light to the Beira Development Corridor Agreement, a significant move poised to bolster regional trade and infrastructure development. This agreement involves Zambia, the Democratic Republic of Congo, Malawi, Mozambique, and Zimbabwe, aiming to establish a cooperative framework for the Beira Corridor, a pivotal trade route for landlocked nations in the area. Chairing the cabinet meeting, President Hichilema paved the way for this strategic decision. Frank Tayali, Minister of Transport and Logistics, expressed optimism regarding the agreement’s… Read More Here

Mining in Zambia Copper Transport and Logistics

Zambia’s Mining Industry Faces Scrutiny Over Exclusion of Local Truck Drivers

May 16, 2024May 16, 2024 Constance

Zambia’s mining industry, a key driver of the nation’s economy, is facing scrutiny over the exclusion of Zambian truck drivers from import and export operations. The Parliamentary Committee on Transports, Works, and Supply has raised concerns about this issue, which came to light during a meeting between the committee, led by Chairperson Mubika Mubika of the Shang’ombo constituency, and the management of Mopani Copper Mines. The committee found that Zambian truck drivers were systematically overlooked for hauling goods and services, hindering local business opportunities and overall economic growth. In response,… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

Lobito Corridor’s Road Network in Angola Set To Receive €381.5 Million Upgrade

May 15, 2024May 20, 2024 Constance

The U.S.-Africa Business Summit in Dallas, Texas, announced a €381.5 million investment to upgrade Angola’s road network, focusing on the Lobito Corridor. The Africa Finance Corporation (AFC) will contribute €85 million, with the rest funded by the Export-Import Bank of the U.S. and the U.S. Private Export Funding Corporation. Additional support comes from Standard Chartered Bank, Conduril, and Acrow. This project will improve 186 bridges and boost agriculture by enhancing access to mineral-rich regions, aiding in the diversification of Angola’s economy. Following last week’s U.S.-Africa Business Summit in Dallas, Texas,… Read More Here

Mining in DRC Copper Mining in Zambia

African Copper Powerhouses Set to Meet Growing Global Copper Demand

May 14, 2024May 14, 2024 Constance

The leading copper producers globally in 2023 were Chile, Peru, the DRC, China, and the United States, together accounting for 59% of worldwide output, or around 21.5 million tonnes. Amid economic recovery and market speculation, copper prices surged, hitting about $10,000 per ton. Investment banks, like Goldman Sachs, anticipate further price increases due to persistent supply deficits expected from 2024. Africa, particularly the DRC and Zambia, is also emerging as a significant player in copper production, with the potential to fill the growing supply gap projected to reach 10 million… Read More Here

Mining in Zambia Energy

Yeo and GEI Power Partner to Develop Solar Power Plant in Zambia

May 14, 2024May 14, 2024 Constance

Yeo, a Turkey-based company, has partnered with local firm GEI Power to construct a 60 MW photovoltaic solar power plant in Zambia’s Choma district. The project will also include a 20 MWh battery storage system. During the construction phase, the project will employ 150 local workers, with an additional 50 seasonal jobs created once the plant is operational. This initiative demonstrates a strong commitment to local engagement and corporate social responsibility (CSR), contributing to the economic development of the Choma district. The solar power plant aims to address Zambia’s need… Read More Here