Mining in Zambia - Copperbelt Katanga Mining

Armed Robbers Steal Truck Loaded with 32.9 Tons of Copper Cathodes near Ndola Toll Plaza 1

Armed robbers stole a truck laden with 32.9 tons of Copper cathodes valued at over 5.2 million Kwacha near the Michael Chilufya Sata Toll Plaza in Ndola. The Copperbelt Police Commissioner, PEACEWELL MWEEMBA, confirmed that the cathodes belonged to SICO Mining of Kolwezi, in the Democratic Republic of Congo, and were being delivered to Bill Trans, a company in Ndola. According to Mr. MWEEMBA, the incident occurred when the truck driver and his security escort parked off the road to check the tires, which were defective. It was at this… Read More Here

Konkola Copper Mines to Repair Nchanga Smelter After Furnace Leak

June 28, 2023June 28, 2023 Constance

Zambia’s renowned Konkola Copper Mines (KCM) has recently taken the decision to temporarily shut down its Nchanga smelter for a period of 21 days. The closure aims to facilitate essential repair work necessitated by a recent molten metal leakage from one of the furnaces, according to an official statement released by the company on Tuesday June 27th. Fortunately, the incident did not result in any loss of life or injuries, and KCM promptly reported the occurrence to the mine safety department, as per safety protocols. The upcoming shutdown period will… Read More Here

Mining in Zambia Partnership

New Power Station to Boost Tanzania-Zambia Economic Ties

June 28, 2023June 28, 2023 Constance

A $100 million energy facility will be built in Zambia by the liquefied petroleum gas (LPG) company Taifa Gas of Tanzania in partnership with the local business Delta Marimba. 24 months after receiving regulatory permits from the Zambian government, including the Environmental Impact Assessment, the factory, which will be located in northern Zambia, will begin producing. Taifa Gas says it will explore more LPG opportunities such as cooking gas. The LPG power station will contribute 100 megawatts to Zambia’s national grid once it is operating. According to Taifa Gas Executive… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia’s Energy Regulation Board Explains Fuel Stock Outs

June 28, 2023June 28, 2023 Constance

The Energy Regulation Board -ERB- has attributed fuel outages at selected filling stations in the country to logistical challenges by Oil Marketing Companies -OMCs- that operate the retail sites. The ERB notes that it has received reports from OMCs who have had import challenges related to the scarcity of foreign exchange on the market coupled with the depreciation of the Kwacha against the dollar especially in the last six months. ERB Manager – Public Relations NAMUKOLO KASUMPA however says the situation is expected to improve as the Kwacha appreciates against… Read More Here

Mining in Zambia Economy Events & Expos Mining tax

Promoting Equitable Taxation: Balancing Investments and Social Benefits in Zambia

June 27, 2023June 28, 2023 Constance

Finance and National Planning Minister, Situmbeko Musokotwane, emphasizes the importance of establishing a balanced approach to promote investments and create an equitable taxation framework that benefits both the industry and societies. Dr. Musokotwane states that the government’s primary focus is on encouraging sustainable mining practices, attracting further investments, and ensuring the fair distribution of benefits from the industry among the population. Speaking at the global conference on the Future of Resource Taxation in Lusaka, Dr. Musokotwane highlights the integral role of mining in the global economy, shaping nations, driving economic… Read More Here

Mining in DRC Mining in Zambia

Exploring the Vast Central African Copperbelt – Earth’s Largest Copper Province

June 26, 2023June 26, 2023 Copperbelt Katanga News

The Central African Copperbelt, spanning Zambia and the Democratic Republic of Congo, is renowned for its geological wonders and major mining projects shaping the copper industry. It covers 500 km in length and 150 km in width, making it the largest sediment-hosted copper province globally. In Zambia, notable mining projects within the Copperbelt region include: Kansanshi Mine: Operated by FQM, the Kansanshi Mine is one of the largest copper mines in Africa. It has substantial reserves and employs modern mining techniques for extraction and processing. Lumwana Mine: Owned by Barrick… Read More Here

Mining in Zambia Economy

Zambia Makes Breakthrough in Debt Restructuring Agreement with Bilateral Lenders

June 22, 2023June 22, 2023 Constance

In a significant stride towards resolving its financial challenges, Zambia has achieved a remarkable breakthrough by reaching an agreement in principle to restructure a substantial $6.3 billion debt with bilateral lenders. A French official has confirmed that the much-anticipated deal will be officially announced on Thursday June 22, marking a pivotal moment for countries facing difficulties in servicing their liabilities. This groundbreaking agreement sets an inspiring precedent as the first major relief obtained by a developing nation under the Group of 20 (G20) nation’s Common Framework. While specific details are… Read More Here

Mining in Zambia Economy

Zambia’s Beneficial Ownership Law: Towards Mining Sector Transparency

June 22, 2023June 25, 2023 Constance

Zambia’s mining sector serves as a critical pillar of its economy, offering immense potential for growth and development. However, the sector has been plagued by challenges such as opacity, corruption, and illicit financial flows. Recognizing the need for enhanced transparency and accountability as a strategy towards increasing chances of curbing illicit financial flows, Zambia through the Companies Act of 2017 introduced beneficial ownership requirements for all companies registered in Zambia through the creation of a centralized and public beneficial ownership register at the Patents and Companies Registration Agency (PACRA). In… Read More Here

Mining in Zambia Battery Metals Copper

Is Zambia really unattractive to mining investors?

June 22, 2023June 22, 2023 Constance

Zambia was once again among the world’s five least attractive jurisdictions for mining investment – that is, according to the Fraser Institute’s latest Annual Survey of Mining Companies. For members of Zambia’s Government, mining industry insiders, finance professionals – and anyone who follows the Canada-based think-tank’s annual report and saw our 2022 score – a return to the bottom five in this internationally-recognized report might seem like a bad joke. The report is widely considered a global benchmark for investors’ perceptions and, for years, Mining For Zambia highlighted its findings with you, our readers.… Read More Here

Mining in Zambia Economy

Unveiling the Hidden Wealth: The Benefits of Mining in Zambia

June 22, 2023June 22, 2023 Constance

Zambia, a country blessed with abundant natural resources, has emerged as a significant player in the global mining industry. With its vast mineral reserves and favorable investment climate, the mining sector in Zambia has become a vital pillar of the nation’s economy. In this article, we explore the multifaceted benefits of mining in Zambia, shedding light on how it contributes to economic growth, employment opportunities, infrastructure development, and social welfare. Economic Growth and Foreign Investment:Mining plays a pivotal role in driving economic growth in Zambia. The sector contributes a substantial… Read More Here