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Category: Mining in Zambia

Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project 1 Mining in Zambia Hydro power plant 

Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project

Constance
According to Bloomberg, Zambia and Zimbabwe are planning to retender the Batoka Gorge hydropower project, valued at approximately $5 billion and with a capacity of 2.4GW. The Zambezi River Authority (ZRA), a collaborative effort between the two nations, will be accepting bids by April 2025, with the expectation of selecting new developers by September of the same year. Situated on the Zambezi River, 54km downstream from Victoria Falls and spanning the border between Zambia and Zimbabwe, the Batoka Gorge hydropower plant has garnered significant interest from potential developers. Originally awarded… Read More Here
Africa Global Logistics Announces Launch in Zambia: Transforming Transport and Logistics Landscape 2 Transport and Logistics Mining in Zambia 

Africa Global Logistics Announces Launch in Zambia: Transforming Transport and Logistics Landscape

Constance
Africa Global Logistics, a leading logistics solutions provider, is proud to announce its official rebrand launch in Zambia. With a rich history of excellence and innovation, and formally known as Bollore Logistics, Africa Global Logistics is poised to revolutionize the logistics landscape in Zambia, delivering unparalleled services and driving economic growth and development.The rebrand of Africa Global Logistics in Zambia represents a strategic move to strengthen the company’s presence in the region and capitalize on the country’s burgeoning logistics sector. With Zambia’s strategic location and growing economy, Africa Global Logistics… Read More Here
Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival 3 Mining in Zambia Copper Mining Supply Tenders 

Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival

Constance1 Comment
Mopani Copper Mines (MCM) has commenced the registration of suppliers and contractors of goods and services on its database, marking the revitalization of the mine’s business operations. Following the recent handover of the mine to Abu Dhabi-based International Resources Limited (IRL) by President Hakainde Hichilema, who acquired a 51 percent stake, Mopani is taking steps to invigorate its business segment. The Copperbelt region’s economy heavily relies on mining, with over 90 percent of companies providing goods and services to the industry. However, due to decreased copper production at Mopani over… Read More Here
Mopani Mining in Zambia Copper 

Mopani Copper Mines Resumes Negotiations with Mine Union Leaders

Constance
Mopani Copper Mines has called upon Mine Union leaders to restart negotiations, which were halted in December of the previous year. This move comes after investment from the United Arab Emirates-based equity partner, International Resources Holdings, into Mopani. According to Mineworkers Union of Zambia President Mr. Joseph Chewe, workers at Mopani Copper Mines have been facing challenges in improving their conditions of service over the past 3 to 5 years. Yossu Nyirongo, the General Secretary of the United Mineworkers Union of Zambia, stated that the unions anticipate negotiating improved conditions… Read More Here
World Bank Applauds Zambia's Debt Restructuring Agreement with Bondholders 4 Mining in Zambia Economy 

World Bank Applauds Zambia’s Debt Restructuring Agreement with Bondholders

Constance
The World Bank has lauded the recent agreement between the Zambian Government and bondholders regarding the terms for restructuring Eurobonds, marking a significant step forward in the country’s debt restructuring efforts. This agreement builds upon Zambia’s previous deal with official bilateral creditors in 2023. The Official Creditor Committee has affirmed that the terms meet comparability of treatment requirements and align with the parameters of the Joint World Bank-International Monetary Fund Debt Sustainability Framework. To finalize the debt restructuring process, the World Bank emphasizes the importance of other commercial creditors agreeing… Read More Here
Zambia Nears Debt Resolution with $3 Billion Bond Restructuring 5 Mining in Zambia Economy 

Zambia Nears Debt Resolution with $3 Billion Bond Restructuring

Constance
Zambia announced on Monday a breakthrough agreement with private creditors, restructuring $3 billion of its international bonds, marking a significant milestone in its debt restructuring efforts. President Hakainde Hichilema hailed the agreement as historic, signaling progress in negotiations with Eurobond holders. Zambia’s debt restructuring, facilitated under the Common Framework, has faced significant delays, impacting investments, economic growth, and local financial markets. Despite challenges, Zambia secured a $1.3 billion IMF loan in 2022, contingent on debt restructuring with other creditors. Following the announcement, Zambia’s sovereign bonds saw a rise in value.… Read More Here
India's Govt to Spearhead Critical Metals Exploration in Africa 6 Mining in DRC Lithium Mining in Zambia Zinc 

India’s Govt to Spearhead Critical Metals Exploration in Africa

Constance1 Comment
The Indian government is set to embark on an exploration of critical metals opportunities in Namibia and several other African countries beginning this year. VL Kantha Rao, the secretary of the mines ministry, disclosed this initiative to the Indian Mining Industry last Friday, revealing a focus on offshore mineral mining in Africa. “We are actively pursuing opportunities in Zambia, Namibia, Congo, Ghana, and Mozambique for critical minerals,” Rao stated. Additionally, Rao mentioned ongoing discussions with Australia concerning lithium blocks, indicating a comprehensive approach towards securing vital resources for India’s industrial… Read More Here
Zambian Chief Urges Govt Action on Mineral Exploration 7 Mining in Zambia Exploration 

Zambian Chief Urges Govt Action on Mineral Exploration

Constance
Chief NDAKE of Nyimba District has urged the government to accelerate mineral exploration efforts across the country, emphasizing the importance of understanding the nation’s mineral resources. Highlighting the abundance of mineral deposits in areas like Eastern Province, Chief NDAKE emphasized the need for these resources to be tapped into for development. His remarks were made during the launch of a Mining Study by Caritas Chipata, aimed at enhancing transparency and accountability in mining activities within Lusangazi and Nyimba Districts. And John Zulu, the Programmes Officer of Caritas Chipata Governance Unit,… Read More Here
DRC Surpasses Peru as Second-Largest Copper Producer 8 Mining in DRC Copper Mining in Zambia 

DRC Surpasses Peru as Second-Largest Copper Producer

Constance
The Democratic Republic of Congo (DRC) has achieved a significant milestone by surpassing Peru as the world’s second-largest copper producer. Previously, Peru held this position, trailing behind Chile, one of the leading copper producers globally. The DRC, renowned for its abundant mineral resources, particularly copper, has seen a notable rise in its copper production. Initial estimates from Statista projected Chile to produce 5.3 million metric tons of copper in 2023, with Peru following closely at 2.6 million metric tons and the DRC at 2.5 million metric tons. However, recent reports… Read More Here
Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival 9 Mining in Zambia Copper 

Zambian Associations Applaud President Hichilema for Mopani Copper Mines Revival

Constance
The National Ex-Miners and Allied Workers Association of Zambia have lauded President Hakainde Hichilema and his government for their role in unlocking Mopani Copper Mines. Lucky Zulu, Acting President of the Association, described the development at Mopani as a source of relief, bringing fresh air and hope to former miners. He emphasized the Association’s intention to communicate with Mopani management and the government, urging them to prioritize the reinstatement of ex-miners in light of the $1.1 billion investment into the mines by International Resources Holdings. Zulu expressed these sentiments in… Read More Here

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