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Category: Mining in Zambia

Grizzly Mining's Dubai Auction Showcases Strong Demand for Zambian Emeralds 1 Mining in Zambia Gemstones 

Grizzly Mining’s Dubai Auction Showcases Strong Demand for Zambian Emeralds

Constance
Grizzly Mining, a leading emerald producer, recently conducted a successful international emerald auction in Dubai, showcasing medium- to high-grade rough emeralds from its flagship Grizzly emerald mine in Zambia. The auction generated $19 million in sales, with notable interest from 76 clients. A highlight of the auction was the sale of an exceptional 4,145-carat gem-quality rough emerald, fetching over $1 million. Grizzly’s Chairperson, Abdoulaye Ndiaye, expressed satisfaction with the auction’s outcome, emphasizing the continued strong demand for high-quality Zambian emeralds. A total of 117 emerald lots were offered, with 112… Read More Here
Gemfields Records Strong Revenues in 2023 Despite Production Challenges 2 Mining in Zambia Gemstones 

Gemfields Records Strong Revenues in 2023 Despite Production Challenges

Constance
Gemstone miner Gemfields achieved its second-highest yearly revenues in 2023, driven by record prices for rough colored gemstones sold at auction. However, production challenges were encountered at its key operating assets, the Kagem emerald mine in Zambia and the Montepuez Ruby Mining (MRM) in Mozambique, compared to the previous year. CEO Sean Gilbertson expressed optimism about the company’s future despite production setbacks, highlighting ongoing investments aimed at transforming the business. He mentioned upcoming auctions in Jaipur for emeralds and rubies, indicating strong demand for colored gemstones. In 2023, Kagem and… Read More Here
Debswana Prepares for Jwaneng Underground Project with Local Talent Development 3 Mining in Zambia Diamond 

Debswana Prepares for Jwaneng Underground Project with Local Talent Development

Constance1 Comment
Debswana, in preparation for its upcoming Jwaneng underground project in Botswana, has been actively nurturing local talent and enhancing skills development by enrolling graduate learners in various mining-related disciplines. Selected from a pool of candidates, 26 graduates are currently undergoing experiential learning at the Mopani Central training center in Zambia, a strategic move aimed at equipping them with the necessary skills and expertise for the challenges ahead. This initiative not only strengthens Debswana’s strategic partnerships with other underground mines but also promotes diversity and helps mitigate business risks. According to… Read More Here
FQM Trident: A Leading Mining Powerhouse in Zambia 4 Mining in Zambia About Company Copper Mining Companies Nickel 

FQM Trident: A Leading Mining Powerhouse in Zambia

Constance
FQM Trident, a subsidiary of First Quantum Minerals Ltd. (FQM), is a significant player in Zambia’s mining sector. Formerly known as Kalumbila Minerals, FQM Trident operates the Trident Project, encompassing two key mines: Sentinel Copper Mine: This large-scale open-pit mine, operational since 2019, is a major producer of copper, a vital metal for modern industries.Enterprise Nickel Mine: Located near the Sentinel Mine, Enterprise achieved first ore production in February 2023. It’s poised to become a significant contributor of nickel, a metal crucial for electric vehicle batteries and stainless steel.Investment and… Read More Here
President Felix Tshisekedi Attends SADC Summit in Lusaka to Address DRC Security Issues 5 Mining in Zambia Governance Mining in DRC 

President Felix Tshisekedi Attends SADC Summit in Lusaka to Address DRC Security Issues

Constance
President Felix Tshisekedi arrived in Lusaka, Zambia, on Saturday 23rd March to attend the extraordinary summit of the Southern African Development Community (SADC) focused on security issues in the eastern Democratic Republic of Congo (DRC) and in Cabo Delgado, Mozambique. The summit brings together a dozen Heads of State representing the Troika of the Body, consisting of Zambia, Tanzania, and Namibia, as well as the SADC Troika composed of Angola, Zimbabwe, and the DRC. Additionally, Personnel Contributing Countries to the SADC Mission in Mozambique (SADC) and the SADC Mission in… Read More Here
MOPANI ATTENDS 7TH ZAMBIA-CANADA CORPORATE SOCIAL RESPONSIBILITY FORUM 6 Mining in Zambia Copper Corporate social responsibility 

MOPANI ATTENDS 7TH ZAMBIA-CANADA CORPORATE SOCIAL RESPONSIBILITY FORUM

Constance
Mopani Copper Mines PLC took part in the just ended 7th Zambia-Canada Corporate Social Responsibility Forum in Solwezi. The event, which aimed to foster the exchange of ideas regarding CSR, community engagement, and sustainable investment, took place from March 18th to 19th, 2024, at Solwezi’s Kansanshi Hotel in the North-Western Province. This year’s CSR Forum took place under the theme “Sharing Best Practices in Community Relations, Environmental Stewardship, and Responsible Business Conduct,” and brought together mining experts, traditional leaders, the Canadian High Commission, and other stakeholders. Under the theme of “Sharing Best Practices… Read More Here
Abu Dhabi Firm Eyes Acquisition of Zambia's Lubambe Copper Mine 7 Mining in Zambia Copper Economy 

Abu Dhabi Firm Eyes Acquisition of Zambia’s Lubambe Copper Mine

Constance1 Comment
An entity of the International Holding Company (IHC), Abu Dhabi’s esteemed corporation, has expressed interest in acquiring Zambia’s Lubambe copper mine, a deal that could potentially complicate the ongoing sale process initiated by China’s JCHX Mining, according to sources familiar with the matter. International Resources Holding (IRH), a subsidiary of IHC, has communicated its interest to EMR Capital, a private equity manager holding an 80% stake in the Lubambe copper project, currently up for sale. This development adds a layer of complexity to the sale process already initiated by JCHX,… Read More Here
Zambia's Bondholders Enter Talks on $3 Billion Debt Restructuring Proposal 8 Mining in Zambia Economy 

Zambia’s Bondholders Enter Talks on $3 Billion Debt Restructuring Proposal

Constance
A consortium of international bondholders in Zambia has initiated discussions with the government after signing a non-disclosure agreement to deliberate on a $3 billion debt restructuring proposal, according to three informed sources on Tuesday. Sources revealed that the government dispatched a formal proposal for debt restructuring to the steering committee of the creditor group last week, signaling the commencement of formal negotiations typically heralded by the signing of a non-disclosure agreement. Zambia’s President Hakainde Hichilema had previously announced in late February that the remaining official creditors, China and India, had… Read More Here
FQM REDOUBLES TREE PLANTING EFFORTS FOR 2024 9 Mining in Zambia Copper Corporate social responsibility Environment Social Governance (ESG) 

FQM REDOUBLES TREE PLANTING EFFORTS FOR 2024

Constance
First Quantum Minerals (FQM) is almost doubling the mammoth tree planting exercise at its Kansanshi Mine in Solwezi. The company is this season planting 30,000 trees and rehabilitating over 35 hectares of mine disturbed land. Last year Kansanshi planted 18,000 trees as part of its commitment to sustainable mining practices and efforts towards environmental conservation. Arnold Malambo, Manager Environment at Kansanshi Mine in Solwezi said: “As a company, we endeavour to extract resources responsibly and attach great importance to the conservation of nature. For example, in the case where the… Read More Here
FQM EMPHASISES TRANSPARENCY, SUSTAINABILITY AND ECONOMIC CONTRIBUTIONS  10 Mining in Zambia Copper Economy 

FQM EMPHASISES TRANSPARENCY, SUSTAINABILITY AND ECONOMIC CONTRIBUTIONS 

Constance
First Quantum Minerals has highlighted the company’s commitment to transparency, sustainability, and economic contributions as vital to fostering progress in the mining sector. And emphasised the importance of credible corporate communications reflecting real, tangible activities and progress on the ground. Speaking at the Zambia Institute of Public Relations (ZIPRC) 2024 Annual Conference, FQM Trident Senior Public Relations Specialist Miriam Harmon emphasised the mining firm’s ethos that effective communication was key in fostering understanding, collaboration, and progress in the mining industry and the nation at large. The mining firm noted that… Read More Here

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