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Category: Mining in Zambia

FQM’S Kansanshi Mine hands over K1.2M IN Cheques to six Solwezi Cooperatives 1 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 2 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 3 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 4 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 5 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 6 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 7 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
BEMETALS commences 2023 Copper Exploration program in Zambia 8 Copper Exploration Mining in Zambia New Mining Projects 

BEMETALS commences 2023 Copper Exploration program in Zambia

Constance
 The “Company” or “BeMetals” is pleased to announce commencement of its 2023 exploration program at the Pangeni Copper Project (“Pangeni” or the “Project”) in the Zambian Copperbelt. Results from core and aircore drilling during the previous program have been integrated into our geological interpretations to generate new and refined existing targets for testing this year. This year’s planned US$2 million exploration program will be pro rata funded by both BeMetals and the Japan Organization for Metals and Energy Security (“JOGMEC”). Highlights of recent PANGENI COPPER PROJECT CORE DRILLING RESULTS: G-Target:… Read More Here
Angola begins fiber optic connection tests with Zambia 9 Mining in Zambia Angola Mining in DRC 

Angola begins fiber optic connection tests with Zambia

Constance
The Angolan Government started tests for the connection with Zambia, by fiber optics, as revealed on Tuesday June 2th in Luanda by the minister of Telecommunications, Information Technologies, and Social Communication. Mário Oliveira made the revelation during a visit by the delegation of the Public Accounts Committees of the Southern African Development Community (SADCOPAC), headed by Warren Chisha Mwambazi. Speaking to the press, at the end of the meeting with the delegation, the minister stressed that the process is part of the desideratum of transforming Angola into a telecommunications hub. … Read More Here
Gasoline price increase doesn't deter illegal trade between DRC and Zambia 10 Oil & Gas Angola Mining in DRC Mining in Zambia Petroleum 

Gasoline price increase doesn’t deter illegal trade between DRC and Zambia

Constance
In an environment of expectations, the 9th National Production Banana Fair was opened yesterday 28th June in the locality of Panguila, municipality of Dande, with estimated transactions of 50 million kwanzas expected, thanks to the high flow of suppliers and buyers, as well as an abundant supply of agro-industrial products. The rise in the price of gasoline, from 160 kwanzas to 300 kwanzas (0.39 dollars), is not inhibiting the fuel smuggling business, in the province of Zaire, to the DRC and Zambia, where the liter is being sold at 1.50… Read More Here

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