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Category: Mining in Zambia

Midnight Sun Partners with KoBold Metals to Explore Dumbwa Target in Zambia 1 Mining in Zambia Exploration New Mining Projects 

Midnight Sun Partners with KoBold Metals to Explore Dumbwa Target in Zambia

Constance
Midnight Sun Mining Corp. (TSX-V: MMA / OTCQB: MDNGF) has announced the signing of an earn-in agreement with KoBold Metals Company, marking a significant milestone in the exploration of the Dumbwa Target within the Solwezi Project in Zambia. KoBold Metals Company, renowned for its innovative approach to battery metal exploration, will undertake exploration activities on Dumbwa. Backed by investors such as Breakthrough Energy Ventures and Andreessen Horowitz, KoBold aims to leverage its advanced technology to accelerate the discovery of critical minerals. Under the agreement, KoBold can earn a 75% interest… Read More Here
Solwezi MP Stafford Mulusa Leads Delegation to Review Kansanshi Mine's Expansion 2 Mining in Zambia Copper 

Solwezi MP Stafford Mulusa Leads Delegation to Review Kansanshi Mine’s Expansion

Constance
In a demonstration of commitment to progress and community engagement, Kansanshi Mine in Solwezi welcomed Solwezi Central Member of Parliament, Stafford Mulusa, along with a delegation of civic leaders, including Solwezi Mayor Remmy Kalepa and Town Clerk Stanley Mbewe, as well as all twelve district councillors. The visit aimed to provide insights into the ongoing expansion projects at Kansanshi Mine and their impact on the local community. Kyansenga Chitoshi, Corporate Affairs Manager at Kansanshi Mining, warmly greeted the delegation upon their arrival at the mine site. They were then led… Read More Here
Vedanta Resources Initiates Funding and Transition Plans for Konkola Copper Mines in Zambia 3 Mining in Zambia Copper 

Vedanta Resources Initiates Funding and Transition Plans for Konkola Copper Mines in Zambia

Constance
Vedanta Resources, a global natural resources company, has commenced financial support for Konkola Copper Mines (KCM) in Zambia, with an initial disbursement of $25 million allocated for employee salaries, contract labor, and critical services to uphold the asset’s integrity. The company has deployed a technical team to collaborate with KCM’s current management to assess the condition of the operation, ensuring readiness for operations under Vedanta’s control pending the conclusion of the ongoing scheme of arrangement before the court. Upon agreement with creditors and the withdrawal of court cases, the provisional… Read More Here
Haul road FQM Mining in Zambia Copper 

FQM Expands Central Africa Copperbelt Licences

Constance
Canada-based First Quantum Minerals (FQM) has exercised its option to acquire the remaining two licences in the Central Africa Copperbelt from an agreement with London-listed African Pioneer’s 80%-owned subsidiary, African Pioneer Zambia. The option agreement, initially announced on January 22, saw FQM sign an addendum on February 15 confirming its decision to exercise the option over the two licences, which had not been previously exercised. These licences are identified as exploration licences 27770-HQ-LEL and 27768-HQ-LEL. In addition, FQM had already exercised its option over licences 27767-HQ-LEL and 27771-HQ-LEL, as announced… Read More Here
Africa Nears Milestone with First Cobalt Sulphate Refinery 4 Battery Metals Cobalt Mining in DRC Mining in Zambia 

Africa Nears Milestone with First Cobalt Sulphate Refinery

Constance
Africa is on the brink of achieving a significant milestone with plans for its inaugural cobalt sulphate refinery, poised to be operational by the end of 2025. This development, spearheaded by Nigeria-based Africa Finance Corp. (AFC) and backed by mining luminary Mick Davis’ Vision Blue, marks a crucial step in diversifying the global battery supply chain beyond China, a dominant player in cobalt refining. Last week, AFC signed an expression of interest to provide $100 million in financing to Kobaloni Energy for the construction of the refinery in Zambia. According… Read More Here
Women Break Ground in Heavy Machinery Operation at Kagem Mining 5 Mining in Zambia Emeralds Gemstones 

Women Break Ground in Heavy Machinery Operation at Kagem Mining

Constance
In a revolutionary shift towards gender diversity and inclusion, Kagem Mining is rewriting the narrative of women in the mining industry. What was once considered an unconventional sight—women skillfully maneuvering heavy-duty machinery—is now becoming a norm at the emerald mine, challenging traditional gender stereotypes and fostering an environment of empowerment. The journey towards inclusivity began in 2022 when Kagem welcomed four female heavy equipment operators into its workforce. Since then, the mine has made remarkable strides, recently incorporating an additional 11 female operators, totaling 14 women in this role alone.… Read More Here
FQM AND ZESCO IN TALKS TO IMPROVE NATIONAL GRID EFFICIENCY 6 Mining in Zambia Copper Electricity 

FQM AND ZESCO IN TALKS TO IMPROVE NATIONAL GRID EFFICIENCY

Constance
Stabilisation of the national power grid is a prerequisite to increasing Zambia’s copper production to 3 million tonnes a year, says First Quantum Minerals (FQM). The need to ensure that power is available ahead of new mine production, and that this power is efficiently transmitted through the national grid cannot be over emphasised, said the company. The message came as the country’s largest power user hosted engineers from ZESCO this week at its Trident mine in Kalumbila as part of on-going discussions to improve the efficiency of the nation’s power… Read More Here
ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine 7 Mining in Zambia Gold Press Release 

ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine. Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine being granted. One of the key hurdles in the path to resuming operations was the resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders, Kampoko Resources… Read More Here
Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio 8 Mining in Zambia Energy Exploration 

Anglo American Advances Exploration in Zambia and Expands Renewable Energy Portfolio

Constance
Anglo American, a leading mining company, is making significant strides in early-stage exploration in Zambia’s Northwestern Province to uncover potential copper and cobalt reserves. This move, announced by Anglo American CEO Duncan Wanblad in Cape Town, signifies the company’s commitment to fostering a more resilient mining industry in southern Africa. “Wanblad expressed optimism about Zambia’s mining sector, highlighting its potential for renewed activity, which bodes well for both Zambia and African mining as a whole,” stated the CEO. “Despite being in the early stages, we are determined to make a… Read More Here
Vedanta weighs sale of minority stake in Zambian copper assets 9 Mining in Zambia Copper 

Vedanta weighs sale of minority stake in Zambian copper assets

Constance
Vedanta Base Metals CEO Chris Griffith said last week that the company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit in Zambia, including the sale of a minority stake in KCM. Vedanta will remain the majority shareholder in the unit if a minority stake is sold, Griffith said in an interview on the sidelines of an African mining conference in Cape Town. “We are in the fundraising process at the moment to raise $1.3 billion,” he said. That… Read More Here

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