Mining in Zambia - Copperbelt Katanga Mining

Zambia Electricity Supply Corporation Limited Pursues Full Digital Transformation 1

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

Electricity Mining in Zambia

Zambia and Mozambique cut off electricity supplies to Zimbabwe over failure to pay for Imports

June 5, 2023June 5, 2023 Constance

Addressing a mining conference last week in Victoria falls, choga in what can only be described as irresponsible populistic rhetoric, said ”we expect that by 2025, we could have added 2300 MW to the grid. I must say over 80% of the 2300 MW is demand from miners.” Zimbabwe currently has a generation capacity of 2 000 megawatts. As of Thursday, 01 june 2023, the Zimbabwe power Company a subsidiary of ZESA Holdings, was generating a total of 1 423 MW. Choga also revealed that Zambia and Mozambique cut off… Read More Here

Diamond Gemstones Mining in Zambia

Gemfields Achieves Record Revenue in High-Quality Emerald Auction

June 5, 2023June 5, 2023 Constance

Gemfields, a renowned supplier of precious gemstones, has revealed the astounding results of its recent emerald auction, featuring a selection of higher-quality rough emeralds. From 15 May to 1 June 2023, this auction achieved unprecedented success, setting new records and surpassing all expectations. The auction’s most remarkable achievement is the total auction revenues, which reached an all-time high of US$43.7 million. This extraordinary figure stands as a monumental record, representing the highest revenue ever attained in any Kagem emerald auction. Demonstrating the immense demand, all 35 lots offered were sold,… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia’s Energy Regulation Board Issues Warning Against Petroleum Product Hoarding

June 4, 2023June 4, 2023 Constance

The Energy Regulation Board (ERB) in Zambia has issued a stern warning to Oil Marketing Companies (OMCs) and Petroleum Retail Dealers regarding the deliberate withholding of petroleum product sales, particularly in the days leading up to the monthly pricing review announcement. The caution comes in response to reports of alleged stock shortages at certain filling stations prior to the ERB’s price review announcement. Namukolo Kasumpa, the ERB Public Relations Manager, emphasized that this practice constitutes hoarding, which is strictly prohibited under the conditions of the Licence to Retail Petroleum Products.… Read More Here

Mining in Zambia Transport and Logistics

US Pledges $250 Million for Lobito Corridor Project

June 4, 2023June 4, 2023 Constance

The United States government has allocated a substantial amount of US$250 million towards the development of the Lobito Corridor, which encompasses Zambia, Angola, and the Democratic Republic of Congo (DRC). During the G7 Leaders summit held in Japan on May 18 to 19, 2023, US President Joe Biden announced this commitment, according to Helaina Matza, the US Deputy Special Presidential Coordinator for Global Infrastructure and Energy. Matza further revealed that President Biden has also pledged a significant financial support of US$30 billion to assist emerging economies across the world. Matza… Read More Here

Economy Copper Mining in Zambia

US Govt Commits to Assisting Zambia’s Copper Production for Economic Growth

June 4, 2023June 4, 2023 Constance

The United States government has reaffirmed its commitment to supporting Zambia in its pursuit of expanding copper production to reach an annual target of 3 million tonnes. Helaina Matza, the US Deputy Special Presidential Coordinator for Global Infrastructure and Energy, emphasized the need for intensified exploration efforts to achieve this ambitious goal during her recent visit to the country. Matza expressed the importance of exploring additional power connections and conducting further exploration activities to bolster Zambia’s copper production capacity. She acknowledged the promising signs observed during her visit to the… Read More Here

Copper Economy Mining in Zambia

Zambia’s Ambition to Triple Copper Production remains Uncertain

June 4, 2023June 4, 2023 Constance

Zambia, known for its copper reserves, has set an ambitious target to increase copper production from its current level of 830,000 metric tons to 3,000,000 metric tons within the next decade. However, achieving this target remains uncertain due to the lack of stringent measures being taken to reach it. The Association of Zambian Mineral Exploration Companies (AZMEC) acknowledges that the 3 million metric ton production target is achievable by 2031. However, the association is not aware of any exploration projects currently at an advanced stage that could contribute to production… Read More Here

Mining in Zambia Artisanal mining Mining tax

Small Scale Miners Urge Tax Incentives for Start-up Mines in Zambia

June 4, 2023June 4, 2023 Constance

The Federation of Small Scale Mining Association of Zambia has recently made a plea to the government, requesting a 5-year tax-free period for start-up artisanal and small-scale mines in the upcoming 2024 national budget. This proposal aims to provide these miners with an opportunity to establish and streamline their operations, similar to the benefits enjoyed by large-scale miners during their initial business setup. Sankisha Chilwesa, the Deputy Publicity Secretary, emphasized the importance of granting tax incentives to artisanal and small-scale miners. Chilwesa asserted that such measures would contribute to their… Read More Here

Mining in Zambia Petroleum

Zambia Announces Substantial Reduction in Fuel Pump Prices Effective 31st May

June 1, 2023June 1, 2023 Constance

Effective from midnight on May 31st, fuel pump prices in Zambia will experience a substantial reduction, bringing relief to consumers. The Energy Regulation Board (ERB) has announced the new prices, highlighting the significant decrease in the cost of various fuel types. Petrol prices will witness a reduction of K3.14 ngwee per liter, resulting in a new price of K24.45 ngwee, down from the previous K27.59 ngwee. Similarly, Low Sulphur Diesel prices will experience a notable decrease from K24.64 ngwee to K21.87 ngwee per liter. Kerosene will also be available at… Read More Here