Mining in Zambia - Copperbelt Katanga Mining

Bell Equipment Honors Top Performers and Celebrates Success at Annual Sales Conference 1

Bell Equipment Sales South Africa (BESSA), together with Bell Zimbabwe and Bell Zambia, recently hosted their much-anticipated annual sales conference and awards ceremony in the picturesque setting of the KwaZulu-Natal Drakensberg. The gathering served as a platform to recognize achievements, with the Central region earning the prestigious title of “Region of the Year.” Additionally, accolades were bestowed upon exceptional performers across various categories, spotlighting outstanding sales achievements. The awards encompassed not only sales of equipment originally manufactured by Bell Equipment but also showcased the company’s partnerships with renowned original equipment… Read More Here

Mining in Zambia Gemstones Precious Stones

Zambia Introduces Cutting-Edge Digital System for Gemstone Oversight

November 26, 2023November 26, 2023 Constance

Zambia takes a significant leap forward in gemstone management as the Ministry of Mines, in collaboration with the Zambia Revenue Authority (ZRA), introduces a cutting-edge online system for gemstone production reporting and export permits. This groundbreaking platform is set to revolutionize how the country oversees gemstone production reports and compliance processes. Hapenga Kabeta, Permanent Secretary of the Ministry of Mines, heralds the digital platform as a game-changer, poised to streamline gemstone production return filings and simplify permit applications within the sector. Dr. Kabeta envisions the system as a catalyst for… Read More Here

Transport and Logistics Angola Infrastructural Development Mining in DRC Mining in Zambia

The Lobito Corridor: Washington’s Answer to Belt and Road in Africa

November 24, 2023November 27, 2023 Constance

Launched a decade ago, China’s Road and Belt Initiative is a colossal infrastructure and economic development project spanning across Asia, Europe, and Africa. To date, 52 African governments signed Memorandums of Understanding (MoU) with China regarding the BRI and the initiative has translated into billions of dollars invested in the construction of roads, ports, railways, and other critical infrastructure. These projects are not only enhancing connectivity within the continent but also providing China with unprecedented access to Africa’s vast mineral wealth, particularly in countries like Zambia and the Democratic Republic… Read More Here

Mining in DRC Mining in Zambia Transport and Logistics

DRC and Zambia Formalize Historic Agreement for Chalwe-Kabila Border Post Development

November 23, 2023November 23, 2023 Constance

The governments of the Democratic Republic of Congo and Zambia inked a significant bilateral agreement on November 17, 2023, in Lusaka, Zambia, marking a pivotal step toward the implementation and operation of the Chalwe-Kabila single border post. This post is a key component of the Kasomeno-Mwenda toll road project, developed by GED Africa Ltd. Representing the DRC government, Prime Minister Jean-Michel Sama Lukonde’s presence was symbolized by Minister of State for Infrastructure, Alexis Gisaro, accompanied by Minister of Foreign Trade Jean Lucien Bussa Tongba and Prime Minister’s Special Advisor, Romulus… Read More Here

Economy Mining in Zambia

IMF Staff Reach Agreement for Second Review of Zambia Facility, Unlocks $184 Million

November 22, 2023November 22, 2023 Constance

The International Monetary Fund has reached a staff-level agreement with Zambia on the second review of its Extended Credit Facility, unlocking another $184 million upon IMF board approval, the Fund said on Monday November 20th. The IMF’s mission chief for Zambia added in a statement that the Fund welcomed Zambia’s memorandum of understanding with its official creditors and ongoing discussions with private creditors to reach an agreement on debt restructuring. She said Zambia may need to further tighten monetary policy to contain inflationary pressures and that building reserves would enhance… Read More Here

Mining in Zambia Cobalt Copper Mining in DRC Transport and Logistics

Resolution Reached in DRC Truckers’ Strike Affecting Copper and Cobalt Exports

November 15, 2023November 15, 2023 Constance

A recent truckers’ strike in the Democratic Republic of Congo, which disrupted copper and cobalt exports, has been successfully resolved, according to sources familiar with the situation. The strike, initiated by drivers in Kolwezi at the end of October, primarily centered around demands for increased danger pay for transporting green-energy metals. This standoff posed a threat to major mining companies such as Glencore Plc, CMOC Group Ltd., and Ivanhoe Mines Ltd., all of which operate significant mines in the region. As the world’s leading cobalt producer and a major copper… Read More Here

Mining in Zambia Economy

China calls on Zambia’s creditors to share a “fair burden” in the country’s debt restructuring

November 13, 2023November 13, 2023 Constance

China has urged Zambia’s additional creditors to bear a “fair burden” in the nation’s debt restructuring efforts. This comes as the International Monetary Fund (IMF) and official creditors, including Beijing, have expressed reservations about a deal Zambia made with overseas bondholders. Talks between Zambia and a bondholder committee are ongoing, with the country’s finance ministry confirming the discussions on Friday. Doubts have been raised by the official creditor committee, co-chaired by China and France, along with the International Monetary Fund over the past several days. No specific details were provided… Read More Here