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Category: Mining in Zambia

Anglo American Finalizes Joint Venture, Progresses Exploration in Zambia 1 Mining in Zambia Copper Exploration 

Anglo American Finalizes Joint Venture, Progresses Exploration in Zambia

Constance
Global mining company Anglo American has confirmed it is progressing early-stage copper exploration at a number of licences in Zambia’s North-Western Province, following completion of the formation of its joint venture with a subsidiary of Arc Minerals Ltd (“Arc”). Under the terms of the joint venture agreement, which recently completed following satisfaction of the outstanding conditions (including regulatory approvals), Anglo American has a right to retain 70% of the joint venture company subject to meeting certain exploration commitments and payments to Arc. Exploratory drilling at one of the key joint… Read More Here
Kagem & Gemfields Foundation Donate Solar-Powered Lab and Classroom to Kapila Primary School 2 Mining in Zambia Corporate News Corporate social responsibility Gemstones 

Kagem & Gemfields Foundation Donate Solar-Powered Lab and Classroom to Kapila Primary School

Constance
Kagem Mining and Gemfields Foundation, the charitable arm of Kagem’s majority owner and operator – Gemfields, has handed over a newly constructed block with three classrooms and a fully equipped solar powered computer lab to Lufwanyama’s Kapila Primary School to enhance the quality of education in the area. The project, completed at a cost of approximately ZMW 6.9 million (USD 316,000), puts Kapila Primary School among the handful of educational institutions in the area offering computer lessons to its pupils. The ceremony was attended by local community members, pupils, school… Read More Here
Resumption of Copper Transport in the DRC Sparks Concerns Over Border Bottlenecks 3 Transport and Logistics Copper Mining in DRC Mining in Zambia 

Resumption of Copper Transport in the DRC Sparks Concerns Over Border Bottlenecks

Constance
Trucks loaded with thousands of tons of copper in the Democratic Republic of Congo (DRC) have recommenced their journey toward the Zambian border, accompanied by security escorts, after a recent wildcat strike, according to sources briefed on the matter. Approximately 2,700 trucks, carrying around 89,000 tons of copper, had been stranded in Kolwezi due to drivers demanding a risk allowance of $700 per journey, as reported by Reuters on November 7. The sudden release of the trucks is expected to worsen the situation at the border, where existing bottlenecks were… Read More Here
Bill Gates-Backed Mining Startup Wants to Expand Into the DRC 4 Mining in DRC Battery Metals Mining in Zambia 

Bill Gates-Backed Mining Startup Wants to Expand Into the DRC

Constance
KoBold Metals, a mining startup with the support of Bill Gates, is advancing toward potential investments in the Democratic Republic of Congo (DRC) while developing a copper project in Zambia. CEO Kurt House revealed that the company has submitted a bid for an undisclosed asset in the DRC, although the transaction did not materialize. House emphasized that the DRC offers a highly favorable environment for the materials essential to KoBold’s global green-energy transition initiatives. The DRC is the world’s leading producer of cobalt and one of the major sources of… Read More Here
Vedanta Restores Ownership of Konkola Copper Mines in Zambia 5 Mining in Zambia Copper Corporate News 

Vedanta Restores Ownership of Konkola Copper Mines in Zambia

Constance
In a significant development, Vedanta Resources and the Zambian government have put an end to a long-standing ownership dispute by reaching an agreement that restores Vedanta’s ownership of Konkola Copper Mines (KCM). This agreement brings closure to a protracted battle that had a negative impact on investments in the region. Zambia’s Mines Minister, Paul Kabuswe, presided over the signing of the agreement between the state-owned firm ZCCM-IH and Chris Griffith, Vedanta’s Head of Base Metals, in Lusaka. The formal handover of the copper assets, which the state had seized in… Read More Here
Railway Expansion Enhances Trade and Cooperation Between Angola and Zambia 6 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Railway Expansion Enhances Trade and Cooperation Between Angola and Zambia

Constance
The expansion of the railway line from Munhango to Luau, including sections of Marco 25 to the commune of Lumbala Caquengue in Moxico, holds the promise of bolstering trade and investment between Angola and Zambia. These sentiments were expressed by the Governor of the Angolan province of Moxico, Ernesto Muangala, during the 1st Forum for Regional Cooperation and Cultural Exchange between the provinces of Moxico and Northwest Zambia, which commenced in Luena. During the forum, Robert Lihefu, the Minister of the Zambian province, emphasized the need for support infrastructures along… Read More Here
Zambia's Central Bank to Raise Minimum Mandatory Currency Reserves 7 Mining in Zambia Economy 

Zambia’s Central Bank to Raise Minimum Mandatory Currency Reserves

Constance
Zambia’s central bank has announced its intention to increase the minimum mandatory reserves of both local and foreign currency deposits that commercial banks are required to maintain with the state institution starting next week to counteract the devaluation of the local kwacha currency. The apex bank stated in a circular that it will raise the statutory reserve ratio for deposits in both local and foreign currencies by 3 percentage points to 14.5%, effective from November 13. This action is intended to alleviate ongoing pressure on the foreign exchange market and… Read More Here
Zambia's Minister of Mines Highlights Commitment to Sustainable Exploration & Mining 8 Mining in Zambia Copper Events & Expos Exploration 

Zambia’s Minister of Mines Highlights Commitment to Sustainable Exploration & Mining

Constance
Zambia, like many countries, is navigating the transition towards a more sustainable and environmentally conscious future. In this context, the demand for critical minerals is anticipated to increase. To address this forthcoming shift, the Zambian government has undertaken a series of policy adaptations aimed at fostering a sustainable mining industry. This commitment was delivered in a speech by Gerald Mwila, representing Hon. Paul C. Kabuswe, Minister of Mines and Mineral Resources, during the 16th Annual Explorer’s Forum. The forum was held under the theme “Improving Exploration to Develop Sustainable Mining… Read More Here
Jubilee Metals Group Reports Strong Q1 FY2024 Operational Performance 9 Copper Mining in Zambia 

Jubilee Metals Group Reports Strong Q1 FY2024 Operational Performance

Constance
Jubilee Metals Group PLC, a leading metals processing company with operations in Africa, has released its Q1 FY2024 operational report, showcasing robust performance and a positive outlook for the year. Operational Highlights: Chrome concentrate production in Q1 FY2024 reached 336,683 tonnes, with expectations of further growth due to additional processing capacity.Inyoni’s PGM production increased to 10,113oz, with the potential for further growth.Copper cathode and copper in concentrate production was 934 tonnes, although a project upgrade may cause disruption until December 2023.Improved safety with reduced Lost Time Frequency Injury Rates (LTFIR)… Read More Here
US breaths new life into the Lobito Corridor to challenge china's Dominance for Critical minerals 10 Mining in Zambia Battery Metals Mining in DRC Transport and Logistics 

US breaths new life into the Lobito Corridor to challenge china’s Dominance for Critical minerals

Constance
The United States is making a determined effort to catch up with China in a region that has become pivotal to the green transition: Africa’s “Copperbelt.” Zambia and the Democratic Republic of Congo, rich in minerals vital for battery and renewable energy production, have become the latest battleground for influence between Washington and Beijing. The Biden administration, in its pursuit of challenging China’s supremacy, has seized an opportunity to breathe new life into a century-old railway connecting crucial African mines to an Atlantic Ocean port, known as the Lobito corridor.… Read More Here

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