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Category: Mining in Zambia

Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement 1 Mining in Zambia 

Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement

Constance
Unionised employees of Mopani Copper Mine will see a 13% salary boost as part of the 2024 agreement between the union and the mine. The agreement, celebrated during a signing ceremony in Kitwe, entails a salary increment alongside a bonus scheme. Under the new agreement, the most junior unionised workers will enjoy a K800 raise, while senior employees will receive K1400. Additionally, Mopani Copper Mines plans to hire 441 new miners, a move praised by Employee Relations Manager Justine Chiwama. Chiwama commended the swift negotiations, attributing the success to the… Read More Here
Lobito Corridor Master Plan brings together Government and partners on Thursday 2 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor Master Plan brings together Government and partners on Thursday

Constance
Government officials, business leaders, international partners, and experts will convene for a workshop on Thursday to lay the groundwork for the Master Plan of the Lobito Corridor, also known as the Benguela Railway. The meeting, as reported by JA Online, will focus on mapping infrastructure gaps, discussing the design and significance of public-private partnerships, and exploring avenues for unlocking the corridor’s development potential. Organized jointly by the Ministries of Planning and Transport, in collaboration with the World Bank, the workshop adopts the theme “Diversify more by unlocking the potential of… Read More Here
Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products 3 Mining in Zambia Battery Metals Cobalt 

Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products

Constance
In response to recent misinformation circulating in the media, Musonoïe Mining Company SAS has issued a clarifying statement regarding its cobalt hydroxide products. The company, headquartered in Kolwezi, Democratic Republic of Congo, asserts that certain claims regarding radiation levels in its products are unfounded rumors. Reports suggesting the exceeding of radiation standards and sensationalized narratives, including the closure of mining areas and involvement of armed forces, have been addressed directly by the company. Contrary to these assertions, Musonoïe Mining Company affirms that it operates in strict adherence to national and… Read More Here
Unlocking Zambia’s Oil and Gas Potential 4 Mining in Zambia Oil & Gas 

Unlocking Zambia’s Oil and Gas Potential

Constance
Zambia, the world’s seventh-largest copper producer, is ramping up infrastructure and mineral exploration efforts while partnering with international firms to expand its renewable energy sector. Although its petroleum industry is relatively untapped, emerging developments driven by strategic positioning and promising geology present enticing opportunities for upstream investments. Regional Exploration Success Highlights Zambian Prospects Zambia shares geological similarities with neighboring countries that have witnessed significant exploration success, particularly in oil and gas. These include exploration in the East African Rift Basin – featuring the Lake Albert Rift Basin in Uganda and… Read More Here
Court Grants Appeal in Kabwe Lead Poisoning Case Against Anglo American 5 Mining in Zambia Environment Social Governance (ESG) 

Court Grants Appeal in Kabwe Lead Poisoning Case Against Anglo American

Constance
The Johannesburg High Court has greenlit an appeal for the class action certification denial involving 140,000 women and children in Kabwe, Zambia, who allege lead poisoning from a former Anglo American mine. Justice Leonie Wendell cited “reasonable prospects of success” and “compelling reasons” for the appeal. The case will now advance to the Supreme Court of Appeal of South Africa. Anglo American operated the Kabwe mine from 1925 to 1974. The claimants argue that the company failed to address lead pollution adequately, leading to health crises in the community. Anglo… Read More Here
Mopani Copper Mining in Zambia News in Brief 

Mopani Copper Mines Transaction Falls Outside Article 210 of Zambia’s Constitution

Constance
Attorney General Mulilo Kabesha clarified that the Mopani Copper Mines transaction falls outside the scope of Article 210 of the Zambian Constitution and thus doesn’t necessitate approval from the National Assembly. In a statement issued recently, Mr. Kabesha emphasized that Article 210 pertains to transactions involving the sale, transfer, or disposal of significant state assets, including parastatals and government-held equity. He highlighted that Mopani does not fall under either category as it is not a parastatal nor does the government hold equity in it. Mopani operates as a distinct legal… Read More Here
Gemfields Auction Yields USD 17.1 Million in Commercial-Quality Emeralds 6 Mining in Zambia Economy Emeralds 

Gemfields Auction Yields USD 17.1 Million in Commercial-Quality Emeralds

Constance
Gemfields has concluded another successful auction of commercial-quality rough emeralds, held from March 5 to March 22, 2024. The auction, conducted by Gemfields’ subsidiary Kagem in Zambia, generated total revenues of USD 17.1 million, with 40 out of 43 lots sold, achieving a remarkable 93% sales rate. Key Highlights: .Total auction revenues reached USD 17.1 million. .43 lots were offered, with 40 lots successfully sold, accounting for a 93% sales rate. .The average price per carat stood at USD 4.45. .Since July 2009, Kagem auctions have amassed total revenues of… Read More Here
Suitors Eye Stake in FQMs' Zambian Copper Mines 7 Mining in Zambia Copper 

Suitors Eye Stake in FQMs’ Zambian Copper Mines

Constance
Rio Tinto Group and Saudi Arabia’s Manara Minerals Investment Co., alongside Mitsui & Co. and Sumitomo Corp., are reportedly considering bids for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, according to sources familiar with the matter. First Quantum, open to selling up to 30% of its Zambian assets, including the Sentinel and Kansanshi mines, has attracted interest from potential buyers such as Zijin Mining Group Co. and Jiangxi Copper Co. Shares of First Quantum surged in response to the news. With Zambia contributing significantly to First Quantum’s… Read More Here
UAE's IRH Targets Majority Stake in Vedanta's Zambian Copper Assets 8 Copper Mining in Zambia 

UAE’s IRH Targets Majority Stake in Vedanta’s Zambian Copper Assets

Constance
Abu Dhabi’s International Resources Holding (IRH), backed by the UAE’s prominent conglomerate, is aiming to secure a controlling interest in Vedanta Resources’ Zambian copper assets, signaling a strategic move to strengthen its position in Africa’s copper mining sector. Sources familiar with the matter revealed to Reuters that IRH, a subsidiary of International Holding Company, has proposed a deal surpassing $1 billion to acquire a 51% stake in Konkola Copper Mines plc (KCM), currently owned by Vedanta. IRH’s ambitious bid follows its recent acquisition of a majority share in Mopani Copper… Read More Here
Confronting the China Challenge in Africa: The Lobito Corridor 9 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Confronting the China Challenge in Africa: The Lobito Corridor

Constance
The Lobito Corridor project in Africa is a significant infrastructure initiative aimed at creating a vital trade route. It seeks to connect the mineral-rich Democratic Republic of the Congo (“DRC”) and Zambia to Angola’s Atlantic coast port city of Lobito. This project holds particular interest for some Western nations, potentially serving as a counterpoint to China’s expansive Belt and Road Initiative (“BRI”). China remains a dominant economic force in Africa, having invested $1.8 billion in the first half of 2023 alone, marking a year-on-year increase of 4.4 percent. Chinese investments… Read More Here

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