Mining in Zambia - Copperbelt Katanga Mining

Ivanhoe Mines and Gécamines Ink Deal to Revive Kipushi Mine After a Century 1

Construction of new concentrator and underground development well ahead of schedule for first production in Q2 2024 Kipushi expected to produce more than 250,000 tonnes of zinc annually over first five years New Kipushi commercial border crossing and bypass road to unlock value for Kipushi and Kamoa-Kakula Kipushi, Democratic Republic of Congo, Ivanhoe Mines Executive Co-Chair Robert Friedland and President Marna Cloete, together with Chairman Guy-Robert Lukama Nkunzi and General Manager Placide Nkala Basadilua of Gécamines, the Democratic Republic of Congo’s state-owned mining company, are pleased to announce today the… Read More Here

The Lobito Corridor Project’s Strategic Impact on Sustainability and Global Influence

January 15, 2024January 15, 2024 Constance

In the ever-evolving landscape of electric vehicles (EVs), a new challenge is emerging that extends beyond charging station accessibility: the availability of a critical mineral – cobalt. This heavy metal, predominantly sourced from central Africa, plays a pivotal role in EV batteries, and its scarcity poses a potential hindrance to the widespread adoption of EVs in the United States. To address this concern and bolster the global supply of cobalt and other essential minerals, the United States is investing significantly in a groundbreaking infrastructure initiative in Africa. The Lobito Corridor… Read More Here

Mining in Zambia Copper Mine Safety Mining safety Safety & Health

FQM Trident Advances Workplace Safety with Think! Champions

January 14, 2024January 14, 2024 Constance

In a dedicated effort to enhance workplace safety, FQM Trident, a key player in the mining industry, has recognized and certified 24 employees who successfully completed a rigorous 10-day Trainer of Trainers’ Behavioural Enhancement Safety Programme. This initiative is part of the company’s ongoing commitment to empower its workforce with the skills to identify hazards, assess risks, and promote a safety-centric culture within the organization, guided by the THINK! acronym. The newly certified individuals were selected from various operational departments across Trident’s mining operations, reflecting the company’s holistic approach to… Read More Here

Mining in Zambia Energy Green Energy

CEC Green Bond Listing to Boost Zambia’s Green Growth and Climate Resilience

January 12, 2024January 12, 2024 Constance

The recent listing of the Green Bond by the Copperbelt Energy Corporation (CEC) has been hailed as a significant stride towards supporting Zambia’s Green Growth Strategy, according to Hon. Eng. Collins Nzovu, Minister of Green Economy and Environment. Speaking during the CEC Green Bond Listing Ceremony, Hon. Nzovu emphasized the pivotal role of public-private partnerships in advancing the country’s commitment to environmental sustainability. The Green Bond listing not only opens up Zambia’s capital markets but also aligns with the nation’s determined contribution to reducing carbon emissions, as outlined in its… Read More Here

Mining in DRC Copper Electricity Mining in Zambia

Affirma Capital Invests $145 Million to Boost Power Supply for Copper Mines in DRC and Zambia

January 11, 2024January 11, 2024 Constance

(Agence Ecofin) – The Democratic Republic of Congo (DRC) and Zambia are the two leading copper producers in Africa. While the electricity supply for mines remains a challenge in these two countries, the investment announced by Affirma Capital can contribute to improving the situation. On January 8, Affirma Capital, the former private equity branch of Standard Bank, announced a $145 million investment in the Copperbelt Energy Corporation (CEC). With a $50 million contribution from Standard Bank of South Africa, this investment will be used to enhance access to electricity for… Read More Here

Mining in Zambia Copper

FQM Affirms Continued Ownership of Zambian Mines, Dismisses Sale Speculations

January 9, 2024January 9, 2024 Constance

First Quantum Minerals (FQM), centered on Zambia, has refuted claims of its intention to sell any share of its copper mines within the country. FQM boasts an 80% ownership of the Kansanshi copper mine and smelter in Solwezi, alongside complete ownership of the Sentinel copper and Enterprise nickel mines located in the Kalumbila district. In response to what it labels as “baseless rumors,” the company clarified that it has no ongoing discussions with Chinese State-owned enterprise Jiangxi Copper Corporation, or any other entity, regarding the sale of its Zambian operations.… Read More Here

Mining in Zambia Copper

First Quantum Considers Sale of Zambian Mines Amid Financial Strain

January 6, 2024January 6, 2024 Constance

Canadian mining company First Quantum Minerals (TSX: FM) is reportedly exploring the sale of a stake in its Zambian copper mines to alleviate financial strain following the enforced closure of its major copper mine in Panama. Rumors suggest that First Quantum Minerals (FM.TO) is in discussions with the Chinese state-owned Jiangxi Copper Corp regarding the potential sale of its Zambian copper assets to stabilize its financial standing. However, specifics of the deal are yet to be finalized, leaving the outcome uncertain. The talks were initiated after First Quantum faced setbacks… Read More Here

Mining in Zambia Economy

Zambia’s Economy To Grow By 4 Percent

January 5, 2024January 5, 2024 Constance

The Policy Monitoring and Research Centre -PMRC- has projected Zambia’s economic growth to increase to above 4 percent in 2024 following the continued policy reforms. PMRC Executive Director, SYDNEY MWAMBA says Zambia’s economic outlook for 2024 remains positive with growth projected to increase due to higher global copper prices as well as the market confidence associated with ongoing fiscal consolidation measures. In a statement issued to ZANIS in Lusaka, Mr. MWAMBA noted that the country, in 2023, made significant advancements with regards to enhancing human development through increased investment in… Read More Here

Mining in Zambia Artisanal mining

Mining Licensing Committee grants 118 artisanal mining rights to Cooperatives in Zambia

January 5, 2024January 5, 2024 Constance

In a stride toward enhancing artisanal mining, Zambia’s Mining Licensing Committee recently sanctioned 118 artisanal mining rights for Cooperatives. This amplifies the count of issued rights for Cooperatives to 206 in the ongoing year. According to Samuel Maango, the Mining Cadastre Department Director, the initial approval of 88 artisanal mining rights for Cooperatives dates back to October 2023. Maango confirmed the issuance of letters of offer to these Cooperatives, with the mining Cadastre slated to embark on an inspection to verify the residency of the beneficiaries at their respective application… Read More Here

Mining in Zambia Copper News in Brief

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

January 5, 2024January 5, 2024 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