You are here

Category: Mining in Zambia

Vedanta Resources Limited Awaits Control of Konkola Copper Mines Post Arrangement Scheme 1 Mining in Zambia Copper News in Brief 

Vedanta Resources Limited Awaits Control of Konkola Copper Mines Post Arrangement Scheme

Constance
Vedanta Resources Limited clarified that it has not assumed managerial control at Konkola Copper Mines (KCM) until the scheme of arrangement concludes. Masuzyo Ndhlovu, Director of Corporate Communications at Vedanta Resources Zambia, explained that the scheme of arrangement denotes a legally approved agreement between a company and its creditors. Mr Ndhlovu elaborated that the scheme encompasses actions like withdrawing the Provisional Liquidator and reinstating the KCM Board. He emphasized that the company’s obligation to settle dues to creditors and employees will commence once all requisite processes are finalized for a… Read More Here
Ivanhoe Mines' Kamoa-Kakula Copper Complex Begins Exports Through Lobito Atlantic Rail Corridor 2 Mining in DRC Copper Mining in Zambia Transport and Logistics 

Ivanhoe Mines’ Kamoa-Kakula Copper Complex Begins Exports Through Lobito Atlantic Rail Corridor

Constance
Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete announce today January 2nd that the first shipment of copper concentrate from the Kamoa-Kakula Copper Complex has arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL (LAI or the Consortium) and Kamoa Copper S.A. (Kamoa Copper) on August 18, 2023. The rail line, linking the Democratic Republic of Congo (DRC) Copperbelt to the port of… Read More Here
Mopani Copper Mines New Mining Projects Mining in Zambia 

Baker McKenzie worked with ZCCM-IH on Mopani’s US$1.1 billion partnership with IRH

arnbethnic
Baker McKenzie, a prominent global law firm, provided legal counsel to ZCCM Investments Holdings Plc in connection with its execution of an investment agreement with International Resources Holding RSC Limited (IRH), a leading mining entity in Abu Dhabi. The agreement entails IRH’s commitment to invest $1.1 billion in Mopani Copper Mines Plc (Mopani), a key copper mining operation in Zambia. The completion of the transaction is contingent upon the satisfaction of specific conditions precedent, including the restructuring of the longstanding relationship between Glencore International AG and Mopani. Mopani plays a… Read More Here
ZDA Reports Record Investment Inflow for 2023, with US$ 6 billion in the Mining Sector 3 Mining in Zambia Economy 

ZDA Reports Record Investment Inflow for 2023, with US$ 6 billion in the Mining Sector

Constance
The Zambia Development Agency (ZDA) announced a momentous achievement with nearly $40 billion in committed investments from 379 projects this year, marking a remarkable surge compared to the previous year’s commitments. BEIMBA MALITI, Chairperson of the ZDA Board, disclosed that this significant figure signified an exceptional growth of over 300% from the prior year’s commitment of $8.61 billion from 359 projects. The breakdown revealed the manufacturing sector as the frontrunner, boasting investments worth $19.72 billion, closely trailed by the energy sector with $8.9 billion and mining at $6 billion. Professor… Read More Here
IMF Disburses US$187 Million to Zambia, Praises Economic Resilience 4 Mining in Zambia Economy 

IMF Disburses US$187 Million to Zambia, Praises Economic Resilience

Constance
The International Monetary Fund (IMF) has allocated a substantial disbursement of US$187 million to Zambia, marking a pivotal milestone following the completion of the second review under the Extended Credit Facility (ECF). This recent disbursement elevates the total funds extended to Zambia by the IMF to a significant US$561 million. Earlier in July of the current year, Zambia received an approximate sum of $188 million, contributing to this cumulative amount. These disbursements align with the envisaged US$1.3 billion under the 38-month Extended Credit Facility (ECF), initially sanctioned in August 2021.… Read More Here
Minister Foresees Three-Month Search for Trapped Miners in Zambia 5 Mining in Zambia Artisanal mining Mine Safety Mining safety Safety & Health 

Minister Foresees Three-Month Search for Trapped Miners in Zambia

Constance
Elisha Matambo, Copperbelt Minister, has revealed that the ongoing search for trapped miners within tunnel one in Chingola is anticipated to stretch over a period of two to three months. Matambo emphasized the extended timeline, citing safety concerns that impede the direct search for the trapped miners using the existing tunnels. Explaining the approach, he highlighted that employing excavators to drill is deemed the safest method to extract the small-scale miners who have been trapped for the past 20 days. However, he provided a glimmer of hope, noting that progress… Read More Here
ZCCM-IH Secures US$1.1 billion Strategic Partnership with IRH for Mopani Copper Mines Plc 6 Mining in Zambia Copper 

ZCCM-IH Secures US$1.1 billion Strategic Partnership with IRH for Mopani Copper Mines Plc

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has sealed a significant pact with International Resources Holding RSC Limited (IRH) for a strategic collaboration involving Mopani Copper Mines Plc (MCM). The agreement, involving a total investment commitment of US$1.1 billion by IRH, marks a transformative phase in the relationship between Glencore International AG (Glencore) and MCM, subject to specific conditions. Key Highlights: 1.Investment Structure: .IRH pledges US$620 million as new equity, securing a controlling 51% stake in MCM. These funds will propel MCM’s capital projects and enhance its working capital. .An additional approximately… Read More Here
Zambia's Mineral Development Strategy Aims for Green Energy Opportunities 7 Mining in Zambia Battery Metals 

Zambia’s Mineral Development Strategy Aims for Green Energy Opportunities

Constance
Zambia’s Ministry of Mines and Minerals Development is charting a new course to capitalize on global shifts toward electric batteries and green energy. Spearheaded by Permanent Secretary Hapenga Kabeta, the ministry has crafted a visionary draft of a critical minerals strategy aimed at seizing emerging opportunities in the electric battery and sustainable energy sectors. Kabeta emphasized that the ministry is actively engaging stakeholders to refine and enhance the strategy, seeking their valuable input to shape a robust plan aligned with Zambia’s mineral potential. Central to this strategy is the government’s… Read More Here
South African Court Dismisses Kabwe Lead-Poisoning Case Against Anglo American Mining 8 Mining in Zambia 

South African Court Dismisses Kabwe Lead-Poisoning Case Against Anglo American Mining

Constance
A recent ruling by a South African judge has reverberated across the African continent, signaling a setback for 140,000 Zambian women and children seeking justice over alleged lead poisoning. The case, brought against multinational mining giant Anglo American, accused the company of negligence regarding the rampant lead poisoning in Kabwe, Zambia, stemming from mining activities conducted between 1925 and 1974. The lawsuit, among Africa’s largest class-action cases, was a culmination of efforts by legal representatives from South Africa’s Mbuyisa Moleele and the UK-based Leigh Day, renowned for championing human rights… Read More Here
FQM’S KANSANSHI SPENDS OVER 5 MILLION KWACHA ON SIX SOLWEZI CO-OPERATIVES 9 Mining in Zambia Copper Corporate social responsibility Press Release 

FQM’S KANSANSHI SPENDS OVER 5 MILLION KWACHA ON SIX SOLWEZI CO-OPERATIVES

Constance
Kansanshi Mining PLC has handed over two-million kwacha (K 2,000,000=00) to six co-operatives in Solwezi District, North Western Province as part of the mines support to small and medium enterprises aimed at uplifting the living standards of the people. Early this year, Kansanshi mine launched an initiative, ‘Tujipamo Community project’ as a pilot programme to support six co-operatives with finances to invest in different business activities, with the resources distributed quarterly. Kansanshi Mining Plc Contracts Manager, Pamela Chola said the mine had signed a Memorandum of Understanding to provide funds… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.