Mining in Zambia - Copperbelt Katanga Mining

Gemfields Generates $25.5 Million in Revenue from Latest Kagem Mine Emerald Auction 1

Gemstone producer Gemfields has reported earnings of $25.5 million from its recent auction of commercial-quality rough emeralds sourced from the Kagem mine in Zambia. All 43 lots offered at the auction were successfully sold, achieving an average price of $7.51 per carat. Adrian Banks, Gemfields’ Managing Director of Product and Sales, expressed satisfaction with the auction results, emphasizing the continued strength of the emerald market. He also wished success to their auction partners during the ongoing tradeshow season. Banks stated, “Due to the recent decrease in both the quality and… Read More Here

Mining in Zambia Battery Metals

Zambia’s President Champions Electric Vehicles for a Cleaner Future

September 13, 2023September 13, 2023 Constance

Zambia’s President Hakainde Hichilema has emphasized the pivotal role of electric motor vehicles in addressing environmental challenges linked to traditional gasoline and diesel vehicles. He underscores the importance of their continued development and adoption in achieving a sustainable and cleaner future for transportation. During his visit to BYD, one of the world’s largest electric motor vehicle manufacturing plants in Shenzhen, China, President Hichilema expressed Zambia’s commitment to collaborating with companies that can advance the Electric Vehicle (EV) sector within the country. BYD Chairman and President Wang Chuanfu affirmed his company’s… Read More Here

Angola Mining in DRC Mining in Zambia Transport and Logistics

United States Commits $1 Billion Investment to Enhance Lobito Corridor Development

September 13, 2023September 13, 2023 Constance

The United States of America (USA) has reaffirmed its commitment to invest a substantial one billion dollars in accelerating the development of the Lobito Corridor. This significant announcement follows President Joe Biden’s declaration, made in collaboration with European Union leader Von der Leyen during the recent G20 meeting. Helaina R. Matza, the Acting Special Coordinator of the Partnership for Global Infrastructure Investment (PIGI) within the US Department of State, expressed her strong optimism regarding the governments’ dedication to realizing this initiative. Speaking during a videoconference with journalists from Angola, Zambia,… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia Partnership

Lobito Corridor Secures Support from U.S.-EU Partnership

September 13, 2023September 13, 2023 Constance

The U.S. and the European Union (EU) have formed a partnership to provide technical and financial support for the development of the Lobito Corridor in southern Africa amid efforts by the country and bloc to stimulate investment in strategic infrastructure corridors worldwide. Through the partnership, the U.S. and EU will work collaboratively with Lobito Corridor host countries Angola, Zambia and the Democratic Republic of the Congo (DRC) to upgrade critical infrastructure and unlock economic benefits for the countries. The Lobito Corridor is a transregional infrastructure project connecting southern DRC and… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

US and EU Rally Behind Lobito Corridor Project for Trade Enhancement

September 10, 2023September 10, 2023 Constance

The United States and the European Union have expressed their support for the development of the Lobito Corridor, a collaborative effort between Zambia, Angola, and the Democratic Republic of Congo aimed at promoting trade. In a joint statement released by the USA and the EU, they commended the recent commitment made by Angola, Zambia, and the Democratic Republic of Congo regarding the project. This announcement was made during the G20 Summit’s Partnership for Global Infrastructure and Investment event in India. As detailed on the White House website, the European Union… Read More Here

Mining in Zambia Copper

Zambia’s Govt Advocates Local Sourcing to Empower Mining Communities

September 10, 2023September 10, 2023 Constance

The Zambian government has acknowledged the enduring challenges confronting mining communities and believes that these issues can be effectively addressed if mining companies prioritize sourcing services and supplies locally. Minister of Mines, PAUL KABUSWE, emphasized that these communities have long been deprived of the full benefits of their natural resources. He expressed the government’s commitment to curbing the widespread outflow of resources and opportunities away from local communities. Addressing the 2023 Mining Local Content Conference in Kitwe, Mr. KABUSWE, through Copperbelt Deputy Permanent Secretary DANIEL KAMENGA, highlighted the positive impact… Read More Here

Mining in Zambia Cobalt Copper Mining in DRC Nickel

Japan and UK to Jointly Invest in African Critical Minerals for Supply Chain Stability

September 10, 2023September 10, 2023 Constance

Japan and the UK have unveiled plans for joint investments in critical minerals in Africa, aiming to enhance the stability of their supply chains originating from the continent. This collaboration includes efforts to develop mines in African nations and establish a framework for discussing economic security at the ministerial level. The two countries intend to acquire mining sites and develop refining facilities while partnering with mineral-rich African nations to diversify their sources of supply. Japan, heavily dependent on China for crucial minerals like cobalt and nickel, is actively seeking partnerships… Read More Here

Mining in DRC Cobalt Copper Mining in Zambia

UK Drops Corruption Charges Against Eurasian Natural Resources Corp in DRC Mining Case

September 8, 2023September 8, 2023 Constance

In 2013, the United Kingdom initiated a corruption investigation into a subsidiary of Eurasian Resources Group operating in the Democratic Republic of Congo (DRC). The company in question, Eurasian Natural Resources Corporation (ENRC), was accused of offering bribes to secure mining contracts in the DRC. This is according to an update published on August 24, 2023. and the UK’s Serious Fraud Office has officially concluded its decade-long investigation into ENRC, which is now under the ownership of Eurasian Resources Group. According to the Serious Fraud Office’s recent announcement, the agency… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

Lobito Corridor attracts new companies

September 8, 2023September 8, 2023 Constance

Lobito Atlantic Railway (LAR), the consortium that, in July, won the tender for the concession of railway and logistics services for the Lobito Corridor, stated that it was satisfied with the expressions of interest from the main mining companies located along the route which, Leaving from the Angolan coast, it serves the Democratic Republic of Congo (DRC) and Zambia. “We are very pleased with the various expressions of interest from the main companies in Minas Gerais, which recognize the benefits of this new logistics route made available to them”, reads… Read More Here

Mining Personality Copper Gold Mining in Zambia

Vedanta Explores Chris Griffith as Potential Head of African Base Metals Business

September 6, 2023September 6, 2023 Constance

Vedanta Resources is considering appointing former Gold Fields boss and Anglo American executive Chris Griffith as head of its African base metals business, according to people familiar with the matter. Indian billionaire Anil Agarwal’s Vedanta owns zinc mines in South Africa and neighboring Namibia, which will form the base-metals portfolio with Zambia’s Konkola Copper Mines. Griffith quit as Gold Fields CEO in December after the company’s failed attempt to take over Canada’s Yamana Gold Inc. He previously headed the platinum and iron-ore businesses of Anglo American, in which Agarwal was once the biggest shareholder. Talks are ongoing, and no final decisions have been made by either party on… Read More Here