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Category: Mining in Zambia

KoBold Metals' Strategic Investment in Zambia Paves the Way for Sustainable Critical-Mineral Supply Chains 1 Mining in Zambia Copper Exploration Technology & Innovation 

KoBold Metals’ Strategic Investment in Zambia Paves the Way for Sustainable Critical-Mineral Supply Chains

Constance
In a significant move towards building transparent, secure, and sustainable critical-mineral supply chains, KoBold Metals has emerged as a key player in catalyzing investments in strategic projects. The United States Ambassador to Zambia, His Excellency Michael Gonzales, commended KoBold’s efforts and emphasized the pivotal role such initiatives play in driving the energy transition and fostering a sustainable, climate-smart economy for the 21st century. With a commitment to leveraging the world’s best artificial intelligence and human intelligence, KoBold President Josh Goldman expressed enthusiasm about the company’s ability to accelerate progress in… Read More Here
Zambia's Mines minister close to finalizing deal with Vedanta Resources 2 Mining in Zambia Copper 

Zambia’s Mines minister close to finalizing deal with Vedanta Resources

Constance
Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit “imminent”, its mines minister said. KCM has battled to attract investment since relations between Zambia and Vedanta broke down several years ago, culminating in the state’s take-over of the KCM assets and forced liquidation in May 2019. The move triggering protracted legal battles, with Vedanta approaching an arbitration court in London to fight off the seizure of the copper assets. “The negotiations are… Read More Here
Zambia's Former Minister Dismissed for Unauthorized Sugilite Mining 3 Mining in Zambia Artisanal mining 

Zambia’s Former Minister Dismissed for Unauthorized Sugilite Mining

Constance
President Hakainde Hichilema took decisive action on Wednesday, July 5th, by dismissing Derrick Chilundika, the former minister of Luapula Province, for engaging in unauthorized mining activities involving sugilite, a valuable newly discovered mineral in the country. State House in Lusaka, issued a statement announcing Chilundika’s dismissal. Although the statement did not specify the reason for his removal, the police quickly followed up with a statement revealing that Chilundika had been conducting mining operations without a valid license. In a statement, Deputy Police Spokesman Danny Mwale said, “Police in Lusaka have… Read More Here
FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives 4 Mining in Zambia Copper Environment Social Governance (ESG) 

FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives

Constance
First Quantum Minerals’ Kansanshi Mining PLC has handed over cheques amounting to K 1.2 million to six cooperatives engaged in various business activities, with each receiving K 200,000 in a continued effort to effort to support and improve the welfare and livelihood of communities in Solwezi. The mining firm is alive to the fact that Small and Medium Enterprises (SMEs) play a major role in most economies, particularly in rural communities, however, access to finance is a key constraint to SME growth, and it is one of the most cited obstacles… Read More Here
Metso Awarded Contract to Supply Processing Equipment for FQMs' Kansanshi Copper Mine Expansion 5 Mining in Zambia Contracts & tenders Copper Mining Equipment 

Metso Awarded Contract to Supply Processing Equipment for FQMs’ Kansanshi Copper Mine Expansion

Constance
Metso has received a contract from Canadian company First Quantum Minerals (FQM) for the delivery of minerals processing equipment to the Kansanshi copper mine S3 expansion in Zambia. Under the contract, which is valued at more than €20m ($21.78m), Metso will supply equipment such as apron feeders, mechanical flotation cells, high-intensity Concorde Cell units, HRT thickeners and a clarifyer. Metso said that most of the separation equipment is part of its Planet Positive offering. Metso flotation vice-president Antti Rinne said: “Kansanshi’s flotation flowsheet combines the well-proven, energy-efficient TankCell flotation cells… Read More Here
Almost all roads lead to the Lobito Corridor 6 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Almost all roads lead to the Lobito Corridor

Constance
It was only in 1931 that the first shipment of copper from Katanga arrived in Lobito, but the railroad that allowed to bring the riches from the then Belgian Congo, today the Democratic Republic of Congo, was born from a Portuguese law of 1899. At the head of the project was the Scotsman Robert Williams, who had been a friend of Cecil Rhodes and who understood the advantages of the Benguela Railway: for the Portuguese, it made it possible to link the Angolan coast to the Central Plateau and even… Read More Here
Presidents of Zambia and DRC meet in Benguela 7 Mining in DRC Mining in Zambia News in Brief Transport and Logistics 

Presidents of Zambia and DRC meet in Benguela

Constance
The Presidents of Zambia, Hakainde Hichilema, and of the Democratic Republic of Congo, Félix Tshisekedi, have already arrived in the city of Benguela to witness the signing ceremony of the Contract for the Transfer of the Concession of Railway Services and Support Logistics for the Lobito Corridor, which is scheduled to take place today, July 4th. According to the agenda, following their visit to the Benguela Railway, the statesmen will also receive explanations on the functioning of the port infrastructure. Read More Here
Lobito Corridor Vital for Zambian Economy 8 Mining in Zambia Economy Transport and Logistics 

Lobito Corridor Vital for Zambian Economy

Constance
The Zambian consul in Moxico highlights the importance of the Lobito Corridor for Zambia’s economic development. He also mentions that Zambia plans to purchase new locomotives to improve passenger comfort and goods transportation. The consul expresses confidence in Angola’s political stability and security. Regarding the official transfer of the concession of rail services and logistics support for the Lobito Corridor, the consul, as the Zambian consul in Moxico, shares his positive views on the role of the Benguela Railway in economic development. When asked about the construction of the railway… Read More Here
Zambia's Mopani Copper Mines losses deepen amid search for new investors 9 Copper Mining in Zambia 

Zambia’s Mopani Copper Mines losses deepen amid search for new investors

Constance
 Zambia’s Mopani Copper Mines posted a deeper financial loss last year and lower output, state owner ZCCM Investment Holdings (ZCCM.LZ) said. Its financial losses widened to $298 million from $74.2 million in 2021, ZCCM said in a financial report published late on Thursday June 27th. Copper output at the operations declined to 72,694 tons from 87,618 tons, impacted by a 45-day smelter maintenance shutdown, it said. Rothschild & Co, hired by the ZCCM last year to find new investors for Mopani, has shortlisted companies including China’s Zijin Mining Group (601899.SS) and Sibanye Stillwater (SSWJ.J) to acquire the… Read More Here
Local First Policy Drives Barrick’s Procurement Practices 10 Mining in Zambia Copper Economy Gold Taxes 

Local First Policy Drives Barrick’s Procurement Practices

Constance
The Lumwana copper mine has purchased approximately $4.3 billion in goods and services from Zambian registered businesses since it went into production, in line with Barrick Gold Corporation’s (NYSE:GOLD)(TSX:ABX) local procurement and economic development practices. President and chief executive Mark Bristow said Lumwana’s local procurement expenditure in 2022 was $432 million, out of a total of $520 million, which represents 83% of the mine’s total procurement spend. Since 2019, when Barrick was reconstituted following its merger with Randgold Resources, local expenditure has increased year on year. Additionally, all Lumwana’s copper… Read More Here

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