Mining in Zambia - Copperbelt Katanga Mining

Barrick Progresses Extension of Long-Term Value Delivery Runway

August 27, 2023August 27, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is on target to meet its gold and copper production guidance for 2023 and continues to advance major projects which will drive value delivery in the long term through organic growth, president and chief executive Mark Bristow said today. Commenting on the company’s Q2 results, Bristow said improved performances from the Carlin complex in Nevada, the Kibali gold mine in the Democratic Republic of Congo and the Lumwana copper mine in Zambia have laid a sound foundation for production in the second half of the year… Read More Here

Copper Exploration Mining in Zambia New Mining Projects

Xtract to earn-in on two copper licenses in Zambia

August 25, 2023August 25, 2023 Constance

London-listed Xtract Resources has entered into a joint venture (JV) agreement with Cooperlemon Consultancy to explore for copper on two large-scale licences in the northwest of Zambia. The two exploration licences are located within the Western Foreland geological district that hosts the prolific Kamoa-Kakula deposit and the Central Fold, as well as the Thrust Belt, which all have acute competition for exploration licences. The two licences in question cover a combined 107 000 ha and are believed to contain high-grade Kamoa-style mineralisation at depth and lower grade bulk tonnage closer to surface. Chairperson Colin Bird states that there may also be Kolwezi-style… Read More Here

Mining in Zambia Copper

Vedanta Commits to Clear $250 Million Debt on Reacquiring Zambia’s Copper Mines

August 25, 2023August 25, 2023 Constance

Vedanta Resources Ltd. has committed to paying off the outstanding debt of $250 million to its suppliers in Zambia, as soon as it regains control over the copper mines that were confiscated by the Zambian government over four years ago. In 2019, during the tenure of former President Edgar Lungu, the Konkola Copper Mines were placed under provisional liquidation due to allegations against Anil Agarwal’s Vedanta. The accusations included misrepresentation of expansion plans and insufficient tax payments. This move initiated a sequence of legal battles, culminating in the current President… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

Mining in Zambia Battery Metals Copper Equipment & Technology

Chililabombwe’s MINGOMBA Mine Spurs Impressive Job Growth and Technological Advances in Zambia’s Mining Sector

August 23, 2023August 23, 2023 Constance

The MINGOMBA Mine in Chililabombwe on the Copperbelt has achieved a significant milestone by generating a total of 250 job opportunities. KoBOLD Metals’ Chief Executive Officer and Co-founder, KURT HOUSE, has underscored the project’s prominence, hailing it as the most progressive endeavor in Zambia’s mining sector. Mr. HOUSE’s emphasis remains on the swift and responsible advancement of the mine. He elaborated that the investors are committed to expediting the mine’s development while adhering to sustainable practices. The abundance of valuable resources within the Zambian mine necessitates substantial investments to optimize… Read More Here

Mining in Zambia Gold Mining safety Safety & Health

Zambia Govt Urges Mining Firms to Comply with New Environmental Regulations

August 23, 2023August 23, 2023 Constance

Zambia’s commitment to a greener future and environmental protection is now more apparent than ever, as the government urges mining companies to acquaint themselves with the forthcoming Environmental Protection Act. This proactive step is aimed at preventing any potential conflicts with the law once the act is implemented. Addressing the importance of the amended act, Collins Nzovu, the Minister of Green Economy and Environment, emphasized that the revised legislation holds significant repercussions for those found disregarding its provisions. Nzovu highlighted that while the government is enthusiastic about welcoming investments into… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here

Mining in Zambia Copper New Mining Projects

Illuminating the Zambian-Congo copperbelt with pursuit of high-value deposits

August 20, 2023November 10, 2023 arnbethnic

Midnight Sun Mining says drilling at Mitu Trend at Solwezi project confirms high-grade intercepts Midnight Sun focuses on the exploration and discovery of world class copper deposits in the prolific Zambian-Congo Copperbelt. Midnight Sun’s Solwezi mineral exploration licenses in Zambia are located directly adjacent to the largest copper mine in Africa – First Quantum Minerals’ Kansanshi copper/gold mine. Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) said the remaining drill results from holes MTDD047 and MTDD048 and the results from the 2022 drilling campaign on the Mitu Trend at the Solwezi project… Read More Here

Mining in Zambia Corporate News New Mining Projects

Jubilee Metals Group Appoints New CFO and Head of Energy Metals for Strategic Expansion

August 20, 2023August 20, 2023 arnbethnic

Jubilee Metals Group PLC announced on Monday that they’ve chosen Neal Reynolds as the new finance leader, starting on October 1. They’ve also selected Ricus Grimbreek to head up their efforts in energy-related metals. The company, which is based in London and deals with metal processing, mentioned that Pedja Kovacevic, who is currently the temporary finance leader, will continue to handle the company’s strategic planning even after Reynolds joins. Grimbreek will be in charge of Jubilee Metals’ push into energy metals, with a special focus on their plan for Zambian… Read More Here

Mining in Zambia Artisanal mining

ZIHRM Raises Concerns Over Illegal HR Practices at Nkana Mining Company

August 20, 2023August 20, 2023 Constance

The Zambia Institute of Human Resource Management (ZIHRM) has raised a serious issue regarding the actions of Nkana Mining and Minerals Processing Company, as they appear to have hired an unlicensed Human Resource Practitioner, which is against the law. The penalty for this offense amounts to approximately 150 thousand kwacha, a significant sum. President of the Institute, Kelvin Shamizhinga, has expressed his worry over the increasing number of Human Resource officers who are practicing without proper licenses, breaching regulations. Owen Chilala, the Registrar of the Institute, has emphasized the importance… Read More Here