Mining in Zambia - Copperbelt Katanga Mining

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

August 6, 2023August 6, 2023 Constance

The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here

Mining in Zambia Gold

Bemetals Announces C$ 5.3 Million Private placement with Strategic Investor B2Gold Corp

August 4, 2023August 4, 2023 Constance

BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (the “Company” or “BeMetals”) announces it has secured up to C$5.3 million of funding with strategic investor B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”), consisting of a C$3.3 million convertible debenture private placement and a commitment for additional funding of C$2 million. John Wilton, President and CEO of BeMetals stated, “With the support of our cornerstone and strategic investor B2Gold, we look forward to delivering continued positive results from ongoing exploration at our Kazan portfolio of gold projects in Japan… Read More Here

Mining in Zambia Cobalt Copper Mining in DRC Transport and Logistics

Southern African Governments Urged to Prioritize Infrastructure for Lucrative Minerals

August 3, 2023August 3, 2023 Constance

The vast mineral reserves in Africa, constituting 30% of the world’s total, are a treasure trove of resources essential for powering the green revolution. Cobalt, copper, manganese, and lithium, among others, hold tremendous potential for driving economic growth and sustainable development in the region. However, to fully capitalize on these lucrative minerals and avoid the resource curse, governments in southern Africa must prioritize significant infrastructure investments, especially in transportation and processing facilities, integral components of the mining value chain. Enhancing South African Exports through Infrastructure Investments Despite its mineral wealth,… Read More Here

Mining in Zambia Petroleum Transport and Logistics

Zambia’s Energy Regulations Board (ERB) Implements Revised Fuel Prices

August 2, 2023August 2, 2023 Constance

In response to the recent fluctuations in international oil prices and exchange rates, the Energy Regulations Board (ERB) of Zambia has made significant adjustments to the pump prices of various petroleum products. Effective from the beginning of August, consumers will experience changes in the cost of petrol, diesel, kerosene, and Jet A-1. Petrol prices per liter will now be set at 25 Kwacha 57 ngwee, up from the previous 24 Kwacha 93 ngwee, while diesel will be priced at 23 Kwacha 36 ngwee per liter, an increase from the earlier… Read More Here

Mining in Zambia Copper Gold

Zambia’s Mines Minister Updates on Copper Mines Negotiations

August 2, 2023August 2, 2023 Constance

Zambia’s Minister of Mines, Paul Kabuswe, recently provided an update on the status of negotiations concerning the ownership of Konkola Copper Mines and Mopani Copper Mines. Despite the initial promise of a swift resolution, both parties are still engaged in discussions and have yet to reach a mutually agreeable decision on several key issues. In his statement, Minister Kabuswe assured the public that he will provide periodic updates on the progress of these negotiations until a final resolution is achieved. The government’s priority in these negotiations is to ensure that… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Diamond Lithium

Divergent Policies in Zambia and Zimbabwe: Critical Minerals to Rescue?

July 31, 2023July 31, 2023 Constance

In late 2022, Lake Kariba, the world’s largest dam reservoir, experienced record-low water levels, leading Zimbabwe to halt electricity generation at the Kariba Dam’s South Power Station, while neighboring Zambia faced water rationing during an economic crisis. Both countries possess significant mineral reserves that could contribute to global energy transitions. However, they are grappling with climatological shifts that are destabilizing Southern African states, with floods, droughts, and cyclones becoming frequent and devastating events. The reliance on hydropower, which constitutes over 20 percent of the region’s energy mix, makes the impact… Read More Here

Mining in Zambia Battery Metals Partnership

Zambia and Russia Explore Collaboration in Electric Vehicle Battery Production

July 31, 2023July 31, 2023 Constance

In a groundbreaking move aimed at bolstering the electric vehicle (EV) industry, the Russian motor vehicle sector is actively seeking partnerships with Zambia to manufacture advanced EV batteries. The Russian President, Vladimir Putin, recently expressed his country’s interest in establishing joint ventures with Zambia to facilitate the production of cutting-edge EV batteries. Both nations have enjoyed a long history of warm bilateral relations, making this collaboration a natural progression. The announcement was made during the Russia-Africa Economic and Humanitarian Forum in Saint Petersburg, Russia, where Zambian Foreign Affairs and International… Read More Here

Copper Mining in Zambia

Barrick’s Lumwana Copper Mine in Zambia Takes Strategic Steps Forward

July 30, 2023July 30, 2023 Constance

Barrick’s drive to transform the Lumwana copper mine in Zambia into a Tier One asset with a life extending beyond 2060 is picking up speed, with a strong performance in the past quarter adding impetus to its continuing production ramp-up. Briefing media at a site visit on July 7, Barrick President and Chief Executive Mark Bristow said the mine’s full potential was only now being revealed. Additional expansion opportunities, identified through an updated geological model, are currently being assessed, while drilling at the Kababisa prospect highlights potential mining flexibility through… Read More Here

Mining in Zambia Mining safety

Zambia Chamber of Mines CEO Calls for Improved Mine Rescue Services and Emergency Preparedness

July 29, 2023July 30, 2023 Constance

During a recent event in Livingstone, Zambia, Sokwani Chilembo, Chief Executive Officer of the Zambia Chamber of Mines, delivered a crucial message to the Zambia Mine Rescue Services. Emphasizing the significance of being well-prepared for emergencies in the mining industry and local communities, Mr. Chilembo stressed the need to mitigate potential losses of both lives and property. He urged the Zambia Mine Rescue Services to fully embrace their mandate, focusing on the delivery of efficient and cost-effective mine rescue services, as well as comprehensive training in emergency preparedness. This, he… Read More Here

New Mining Projects Mining in Zambia

FIRST QUANTUM CONSOLIDATION OF ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION COMMENCES

July 29, 2023July 29, 2023 arnbethnic

LUSAKA, ZAMBIA – In June, First Quantum Minerals Ltd. announced that it would be consolidating First Quantum Mining Operations Limited’s (FQMO) Road and Earthworks Division, Mining Division and related supporting services with operations at Kansanshi Mining Plc (KMP).It has been eighteen years since Kansanshi commenced production, however, ore grades have been deteriorating in recent years as higher ore grades have been depleted over the life of the mine, and annual copper production is now significantly lower than it was ten years ago.Last year, First Quantum announced that it would be investing more… Read More Here