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Category: Mining in Zambia

Tanzanian President Commends Zambia's Economic Progress 1 Mining in Zambia Economy News in Brief 

Tanzanian President Commends Zambia’s Economic Progress

Constance
Tanzanian President Samia Suluhu Hassan has praised Zambia for its significant economic advancements achieved in the past two years under President Hakainde Hichilema’s leadership. President Samia emphasized the need for both countries to strengthen their diplomatic, business, and people-to-people relationships for mutual benefits. During a State banquet ahead of Zambia’s 59th Independence Day, President Samia highlighted the positive impact of shared economic corridors on fostering closer relations and business connections between the two nations. President Hichilema reaffirmed Zambia’s commitment to enhancing the partnership with Tanzania and continuing the legacy of… Read More Here
STATE HOUSE HONOURS LATE FQM LEADER PHILIP PASCALL  2 Mining in Zambia Copper 

STATE HOUSE HONOURS LATE FQM LEADER PHILIP PASCALL 

Constance
The late co-founder and chairman of First Quantum Minerals Ltd, Philip Pascall, has received the rare honour of being recognized and honored at the annual Independence Day awards at State House.Mr Pascall, who passed away in September this year, was posthumously bestowed with the Order of the Eagle of Zambia Third Division in recognition of his service to the nation.The accolade was accepted from President Hakainde Hichilema by his son and FQM Chief Executive Officer Tristan Pascall during an investiture ceremony in Lusaka on yesterday October 24, 2023.“It is a… Read More Here
Lobito Corridor attracts interest from Investimento Global 3 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor attracts interest from Investimento Global

Constance
The Partnership for Global Infrastructure and Investment (PGII) wants to bring potential private sector investors to Angola to strengthen the agribusiness value chain in the Lobito Corridor. The interest was expressed, on Tuesday, in Luanda, by the special coordinator, Helaina Matza, during the audience granted to her by the Minister of Economy and Planning, Mário Caetano João. The meeting also served to explore all the potential investment opportunities that exist in the non-oil sector. Minister Mário Ceatano João presented the enormous potential that the country has for grain production, fertilizer… Read More Here
Special Advisor to Zambian President Tours Kansanshi Mining Operations 4 Mining in Zambia Copper 

Special Advisor to Zambian President Tours Kansanshi Mining Operations

Constance
Kansanshi Mining Plc’s Solwezi operations recently hosted Mr. Jito Kayumba, the Special Assistant and Advisor on Economic, Investment, and Development Affairs to President Hakainde Hichilema. His visit aimed to assess the progress of the Sulphide No. 3 (S3) expansion project at the mine site. During the visit, Mr. Anthony Mukutuma, General Manager of Kansanshi Mining Plc, and the Corporate Affairs Manager, guided Mr. Kayumba on a tour of the mine and project areas. A significant highlight of the tour was the commissioning of the fifth Hitachi EH4000 diesel electric dump… Read More Here
Chinese Company to Create 2,000 Jobs in Zambia with Car Battery Manufacturing Venture 5 Mining in Zambia Battery Metals 

Chinese Company to Create 2,000 Jobs in Zambia with Car Battery Manufacturing Venture

Constance
Over 2,000 employment opportunities are on the horizon for Zambians in the coming year, courtesy of the Better Technology Group, a Chinese company set to embark on the manufacturing of motor vehicle batteries at the Jiangxi Multi Facility Economic Zone in Chibombo District. According to Company President Polly Wei, the production of car batteries is scheduled to commence by May 2024. Wei revealed that the necessary equipment for the manufacturing plant will be delivered to the country by December 2023, with installation expected to be finalized by March 2024. The… Read More Here
Mozambique's EDM to Resume Electricity Sales to Zambia 6 Mining in Zambia Electricity 

Mozambique’s EDM to Resume Electricity Sales to Zambia

Constance
Mozambique’s publicly owned electricity company, EDM, announced on Tuesday October 17th that it will resume the sale of electricity to Zambia, through its Zambian counterpart, ZESCO Limited. To this end, EDM chairperson Marcelino Alberto and the ZESCO General Director, Victor Mapani, signed a power supply agreement (PSA), under which EDM will sell 50 firm megawatts of power to ZESCO and a further 200 non-firm megawatts. (“Firm” means that the power is supplied at off-peak times.) The two companies also extended an agreement whereby power is supplied from Zambia to Zumbo… Read More Here
Angola and Tanzania Challenge DRC's Exclusive Copper Export Route 7 Mining in DRC Copper Mining in Zambia Transport and Logistics 

Angola and Tanzania Challenge DRC’s Exclusive Copper Export Route

Constance
The exclusively Congolese route (river-rail) for copper exports, which had previously made SNCC and the former ONATRA the main partners of Gécamines, seems to be coming to an end. The lucrative market is likely to be taken over by either Angola or Tanzania. Both of these countries have undeniable and essential involvement in the security matters of eastern Congo. The plan was to modernize the Ubundu-Kisangani railway over 125 km so that SNCC could transport copper and related minerals. First, the minerals would travel via the railway from the southern… Read More Here
Satellites Uncover Mining Emissions in Africa's Copperbelt 8 Copper Battery Metals Cobalt Mining in DRC Mining in Zambia 

Satellites Uncover Mining Emissions in Africa’s Copperbelt

Constance
Emissions from mining operations in Africa’s Copperbelt, particularly for copper and cobalt, can now be quantified from space, according to a groundbreaking study led by the National Center for Atmospheric Research (NCAR). The research reveals the environmental impact of the mining boom on air quality in neighboring towns and villages and offers the potential for remote monitoring of mining activities in a region where surface monitoring is limited. Mining for copper and cobalt in Africa has seen rapid growth, largely driven by the increasing global demand for electric vehicles, smartphones,… Read More Here
Barrick’s third-quarter Gold and Copper output rise 9 Mining in DRC Mining in Zambia 

Barrick’s third-quarter Gold and Copper output rise

Constance
NYSE- and TSX-listed Barrick Gold on last week reported an increase in gold and copper output, compared with the previous quarter. However, the company noted that production fell short of its quarterly targets. Barrick produced 1.04-million ounces of gold and 112-million pounds of copper. Higher production at the Cortez mine, in Nevada, helped the miner report a quarter-on-quarter gold production increase, while production at Turquoise Ridge, also in Nevada, was higher than planned, owing to planned autoclave maintenance in the previously quarter. Higher production at Kibali, in the Democratic Republic… Read More Here
Zambia's Government Commits to Electric Vehicle Procurement 10 Mining in Zambia Battery Metals 

Zambia’s Government Commits to Electric Vehicle Procurement

Constance
In a groundbreaking move towards reducing fuel dependency and mitigating greenhouse emissions, the Secretary to the Cabinet, Patrick Kangwa, has issued a directive to all permanent secretaries and procurement unit heads to prioritize the procurement of electric vehicles (EVs). Mr. Kangwa emphasized the Cabinet Office’s role as a driving force behind this initiative, aimed at lessening the country’s reliance on fossil fuels while promoting a cleaner environment. This decision aligns with the government’s broader strategy to cut fuel costs and reduce carbon emissions. During a test drive of an electric… Read More Here

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