Mining in Zambia - Copperbelt Katanga Mining

ZRA TO HOST THE ATAF-IGF GLOBAL CONFERENCE ON THE FUTURE OF RESOURCE TAXATION 1

The energy transition is expected to increase demand for critical minerals exponentially. Governments and regional bodies are exploring new opportunities and forging new partnerships to find new ways of adding value to their resources. Mineral wealth can, if exploited responsibly, provide economic livelihoods for many and contribute to public revenue. To ensure realisation of the expected benefits, the African Tax Administration Forum (ATAF) and the Intergovernmental Forum (IGF) on Mining, Minerals, Metals and Sustainable Development (IGF) in conjunction with the Zambia Revenue Authority (ZRA) will host a three-day conference from… Read More Here

Copper Mining in Zambia

Four firms shortlisted in race to buy Zambia’s Mopani Copper Mines

June 21, 2023June 21, 2023 Constance

China’s Zijin Mining and Norinco Group, South Africa’s Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials have been shortlisted in the race to buy Zambia’s Mopani Copper Mines, two sources with knowledge of the matter told Reuters. Zambia’s mines minister Paul Kabuswe said in February there were 10 suitors for the mine and smelter complex that is owned by state firm ZCCM-IH. Rothschild & Co, hired last year to find investors for Mopani, has whittled down the list to four, the sources said. Switzerland-based commodities giant Glencore sold… Read More Here

Mining in Zambia Contracts & tenders Electricity

Zambia Cancels Zambezi Power Station Contract Over Cost and Procurement Issues

June 20, 2023June 20, 2023 Constance

Zambia has disclosed that it will cancel a building contract given to General Electric Co. and Power Building Corp. of China because the project to construct a 2,400-megawatt power station on the Zambezi River is excessively expensive. In remarks aired last week on the state-run Zambia National Broadcasting Corp., and reported by the American news agency, Bloomberg, Zambia’s energy minister, Peter Kapala, noted that proper procurement procedures weren’t followed when the purchase was made. The dam’s development is overseen by the state-run Zambezi River Authority, which predicted last year that the project… Read More Here

Mining in Zambia Energy Events & Expos Mining in DRC

Copperbelt Energy Corporation to Expand Investments in the DRC

June 19, 2023June 19, 2023 Constance

The Copperbelt Energy Corporation (CEC) has announced plans to expand its investments in the Democratic Republic of Congo (DRC), aiming to explore additional energy-related business prospects. This strategic move aligns with CEC’s development plan, according to a statement issued by Verona Nkolola, the Head of Corporate Communications at CEC. CEC Managing Director Owen Silavwe emphasized the importance of the DRC market for the power company, During the DRC Mining Week, Expo, and Conference, which was held under the theme ‘Recognizing DRC’s Mining Triumphs and Victories’ in Lubumbashi, Silavwe highlighted that… Read More Here

Mining in Zambia Copper

Job Redundancy Talks Begin at Kansanshi Mining PLC and FQM

June 19, 2023June 19, 2023 Constance

Management at Kansanshi Mining PLC and First Quantum Minerals (FQM) have initiated discussions with mine unions concerning the imminent job redundancies among unionized workers following the merger of the two companies. Both Kansanshi Mining PLC and First Quantum Minerals have formally notified the mine unions of their intention to reduce the workforce as part of the merger and restructuring process aimed at enhancing operational efficiency. Saul Simujika, President of the National Union of Miners and Allied Workers Union (NUMAW), disclosed that the mine is currently evaluating the number of employees… Read More Here

Mining in Zambia Copper New Mining Projects

Mwembeshi Resources Invests $50M to Revive Kangaluwi Mine in Lower Zambezi

June 18, 2023June 20, 2023 Constance

Mwembeshi Resources Limited, a subsidiary of Zambezi Resources, has reported significant progress in its efforts to resume full-scale copper production at the Kangaluwi mine in the lower Zambezi National Park area. The company has invested over USD $50 million in various development activities, including the construction of the mining site road, power line connections, mineral explorations, and equipment procurement. In an interview with ZBT, Oliver Shalala, spokesperson for Mwembeshi Resources, highlighted that the substantial investment has been allocated to meet necessary requirements for the mine’s operations. These include ensuring compliance… Read More Here

Energy Mining in Zambia

Burkina Faso, Uganda and Zambia welcome power investees

June 11, 2023June 11, 2023 Constance

The Beyond the Grid Fund for Africa (BGFA) has signed new agreements with energy service companies to support the expansion and scale-up of off-grid stand-alone solar home systems in Burkina Faso, Uganda and Zambia. Further agreements have been signed with FINCA Plus LLC Uganda, Sun King (Greenlight Planet Zambia Limited), Qotto SARL BF and Bboxx (Advens Bboxx Burkina Faso SAS) which is expected to benefit up to 2.5 million people living in remote areas across the countries. FINCA Plus LLC, known as BrightLife Uganda, provides access to affordable products to markets… Read More Here

Mining in Zambia Electricity

Zambia Electricity Supply Corporation Limited Pursues Full Digital Transformation

June 9, 2023June 9, 2023 Constance

In a bid to enhance operations and improve services to the people, Zambia Electricity Supply Corporation Limited (ZESCO) has set its sights on achieving complete digital transformation by 2025, according to Managing Director Victor Mapani. During the launch of the Self Service, Mapani emphasized the corporation’s commitment to leveraging technology, stating that it aligns with the present era, where technology plays a vital role in advancing the world. Joining Mapani at the event, Percy Chinyama, the National Coordinator of the Smart Zambia Institute, highlighted the government’s vision of utilizing technology… Read More Here

Mining in Zambia Copper New Mining Projects

FQM CONSOLIDATES ITS KANSANSHI MINING OPERATIONS IN READINESS FOR THE S3 EXPANSION

June 7, 2023June 7, 2023 Constance

First Quantum Minerals will consolidate the Road and Earthworks Division, Mining Divisions and related supporting services currently carried out by First Quantum Mining Operations Limited (“FQMO”) with the operations at Kansanshi Mining Plc (“KMP”).FQMO was the original First Quantum Minerals corporate entity in Zambia which operated the Bwana Mkubwa mine. Following the expansion of the First Quantum operations in Zambia, with both the Kansanshi and Sentinel mines, FQMO evolved to house a wide range of business functions to support these operations including mining, road and earthworks, exploration, corporate services, CSR,… Read More Here