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Category: Mining in Zambia

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment 1 Mining in Zambia Copper Gold Partnership 

Barrick Bolsters Zambia Partnership with Lumwana Mine Expansion Investment

Constance
 Barrick’s transformation of its Lumwana mine into a world-class producer will provide strong impetus for the government’s thrust to revive the country’s copper industry, president and chief executive Mark Bristow said on September 3rd after a meeting with Zambian President Hakainde Hichilema. Barrick is investing almost $2 billion in an expansion project designed to increase Lumwana’s annual production to an estimated 240,000 tonnes of copper from a 50 million tonne per annum process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front rank of copper… Read More Here
President Tshisekedi and President Hichilema launches Kasomeno-Mwenda Toll Road (KMTR) Project 2 Infrastructural Development Mining in DRC Mining in Zambia 

President Tshisekedi and President Hichilema launches Kasomeno-Mwenda Toll Road (KMTR) Project

Copperbelt Katanga News
Presidential Groundbreaking Ceremony launches Kasomeno-Mwenda Toll Road (KMTR) Project, Africa’s largest private infrastructure investment from Europe that could cut the Dar es Salaam – Lubumbashi distance by 300 KM. DRC and Zambia Heads of State and GED Africa’s executive team break ground at the future bridge site on the Luapula river marking the official commencement of the KMTR project. Chalwe, Haut-Katanga, The Democratic Republic of Congo, October 3 –  His Excellency President Felix Tshisekedi of the Democratic Republic of Congo (DRC) and His Excellency President Hakainde Hichilema of the Republic… Read More Here
ZCCM-IH Shareholders Approve K724 Million in Dividends 3 Mining in Zambia 

ZCCM-IH Shareholders Approve K724 Million in Dividends

Constance
During ZCCM Investments Holdings Plc’s 19th Annual General Meeting (AGM) on Friday, September 29, 2023, shareholders gave their approval for combined dividends totaling K724 million. These dividends cover the financial years ending on December 31, 2022, and December 31, 2021. Out of the approved dividend amount, the government will receive more than half a billion Kwacha, specifically K562 million. The Industrial Development Corporation (K437 million) and the Ministry of Finance and National Planning (K125 million) will be the beneficiaries of these dividends. The dividend approval follows a significant increase in… Read More Here
DRC Aims to Transform Battery Supply Chain 4 Mining in DRC Battery Metals Mining in Zambia 

DRC Aims to Transform Battery Supply Chain

Constance
The Democratic Republic of Congo (DRC) is looking to shift its focus from exporting raw materials to processing them locally to enhance economic benefits. And Zambia’s Minister of Mines, Paul Chanda Kabuswe, emphasized the importance of moving up the value chain to benefit local communities during the recent DRC-Africa Battery Metals Forum. Congo currently holds a significant share of global cobalt production, mainly exporting the metal for battery manufacturing. Both Congo and Zambia have plans to establish a special economic zone for processing raw materials into preliminary products for the… Read More Here
Govt Shuts Down Kabwe Mining Plant for Environmental Violations 5 Mining in Zambia Environment Social Governance (ESG) 

Govt Shuts Down Kabwe Mining Plant for Environmental Violations

Constance
The Zambian government has taken decisive action against environmental violations by suspending operations at the Ferro Alloys Corporation Limited in Kabwe. During a visit by Minister of Green Economy and Environment, Hon. Eng. Collins Nzovu MP, numerous infractions were uncovered, including dust pollution, poor slag management, and the discharge of plant effluents into the open environment. The company, which processes manganese ore to produce silicon manganese, was also found to be mixing coal and charcoal during production. The Minister emphasized the government’s commitment to addressing pollution in Kabwe, a city… Read More Here
Kansanshi Copper Mine Unveils New Fleet of 220-Ton Hitachi Dump Trucks 6 Mining in Zambia Copper Mining Equipment 

Kansanshi Copper Mine Unveils New Fleet of 220-Ton Hitachi Dump Trucks

Constance
Progress has been the name of the game at Kansanshi copper mine this month, where the first in a fleet of 36 new trucks has just been put into commission. It’s a Hitachi EH4000 (RD170) dump truck, and these beasts mean business! Each truck has a payload capacity of 220 metric tonnes, meaning that it can carry up to around 50 African elephants or over 100 medium-sized cars in weight.  Growing Kansanshi’s mining fleet is a crucial part of increasing copper production at the operation in Solwezi, and makes up… Read More Here
Kagem Collaborates with Zambia's Govt to Build $2.5M Chapula Vocational Training Center 7 Mining in Zambia Corporate social responsibility Precious Stones 

Kagem Collaborates with Zambia’s Govt to Build $2.5M Chapula Vocational Training Center

Constance
 On 27 September, Kagem Mining Limited signed a Memorandum of Understanding (MoU) with the Government of Zambia committing to fund the construction of the Chapula Vocational Training Centre in Lufwanyama, that will enable local people to acquire skills to improve their employability. The training centre is a pivotal project and, at an estimated cost of ZMW 52,750,000 (USD 2.5 million), demonstrates Kagem’s commitment to supporting the regional and national economic development and helping create successful and independent communities in its area of operation.  With a curriculum being designed to align… Read More Here
EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials 8 Mining in Zambia Battery Metals Cobalt Lithium Mining in DRC Partnership 

EU Nurtures Partnerships with DRC and Zambia to Secure Critical Materials

Constance
The European Union (EU) is working on partnerships with the Democratic Republic of Congo (DRC) and Zambia to strengthen local industries in the face of growing competition with China for essential resources in the green and digital sectors. A forthcoming memorandum of understanding will signify the EU’s support for cultivating local value chains, especially since a significant portion of critical material processing, such as lithium and cobalt, currently occurs in China. The EU’s objective is to diversify the suppliers of crucial resources and counter China’s substantial infrastructure investments in regions… Read More Here
European Investment Bank Shows Interest in Financing Zambia-Lobito Railway Line 9 Mining in Zambia Transport and Logistics 

European Investment Bank Shows Interest in Financing Zambia-Lobito Railway Line

Constance
The European Investment Bank (EIB) has shown keen interest in providing financial support for the Zambia-Lobito railway line project. EIB’s Vice President, Thomas Ostros, recently expressed the bank’s commitment to the initiative, pending the completion of feasibility studies by the Africa Development Bank (AfDB). During a closed-door meeting with Zambia’s President, Hakainde Hichilema, Mr. Ostros shared his optimism about the Zambia-Lobito railway project, emphasizing its viability and the potential for EIB involvement. The project, which aims to establish a railway connection between Zambia and Lobito, Angola, holds strategic importance for… Read More Here
China's CNMC Announces $1.3 Billion Investment in Zambia Across Diverse Sectors 10 Copper Economy Mining in Zambia 

China’s CNMC Announces $1.3 Billion Investment in Zambia Across Diverse Sectors

Constance
China Non-Ferrous Metals Mining Group Company (CNMC) has unveiled plans to inject an additional $1.3 billion into Zambia over the next five years, spanning multiple economic sectors. CNMC Chairman, Xi Zheng Ping, detailed the allocation of these investments, emphasizing their commitment to Zambia’s growth. By the end of 2025, CNMC aims to have contributed $650 million to the country’s economy. The substantial investment portfolio includes a $400 million commitment to the Chambeshi copper mine project and $600 million earmarked for the reopening of the number 28 shafts at the Luanshya… Read More Here

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