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Category: Mining in Zambia

Zambia's Govt Orders Cease of Mining Operations in Lower Zambezi National Park 1 Mining in Zambia Environment Social Governance (ESG) 

Zambia’s Govt Orders Cease of Mining Operations in Lower Zambezi National Park

Constance
Zambia’s government has taken action against Mwembeshi Resources Limited, instructing the company to halt all activities in the Lower Zambezi National Park due to non-compliance with the conditions outlined in the decision letter. Minister of Green Economy and Environment Collins Nzovu,, expressed concern over the alleged commencement of mining operations by Mwembeshi Resources Limited in the park, prompting increased interest in the proposed large-scale mining project. Minister Nzovu revealed that the Zambia Environmental Management Agency (ZEMA) has conducted multiple inspections and legal reviews, establishing that Mwembeshi Resources Limited has violated… Read More Here
Zambia's Refined Copper Exports Experience Decrease in April 2023 2 Mining in Zambia Copper Economy 

Zambia’s Refined Copper Exports Experience Decrease in April 2023

Constance
The export earnings from refined copper in Zambia witnessed a significant decline in April 2023, with a 10 percent decrease from K11.0 billion in March 2023 to K9.9 billion. This decline reflects the challenges faced in the mining sector, impacting copper production and subsequent revenue generation. According to official statistics, the volume of copper exports during April 2023 also experienced a decline of 7.6 percent, reaching 57.6 thousand metric tons (MT), down from 62.3 thousand MT recorded in March 2023. Furthermore, when comparing the export volumes of refined copper between… Read More Here
Bank of Zambia Increases Monetary Policy Rate Amid Inflationary Pressure 3 Economy Mining in Zambia 

Bank of Zambia Increases Monetary Policy Rate Amid Inflationary Pressure

Constance
The Bank of Zambia (BOZ) has decided to raise the Monetary Policy Rate (MPR) by 0.25% (25 basis points) from 9.25 percent to 9.50 percent. This move aims to address the persistently high inflation and maintain macroeconomic stability in the country. During the Monetary Policy Committee Announcement, Bank of Zambia Governor Dr. Denny Kalyalya explained that the decision to increase the MPR was driven by the projection that inflation would continue to exceed the target range of 6-8 percent in the foreseeable future. While inflation marginally declined in Q1 2023,… Read More Here
Lobito Corridor and Ivanhoe’s work on the Kipushi border, set to transform regional logistics 4 Mining in DRC Mining in Zambia Transport and Logistics 

Lobito Corridor and Ivanhoe’s work on the Kipushi border, set to transform regional logistics

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United States announces support for development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit ■ U.S. International Development Finance Corporation evaluating $250 million in financing for ‘key economic’ rail corridor connecting the Angolan port of Lobito to the DRC Copperbelt ■ Rail corridor passes through Western Foreland licences and within five kilometres of Kamoa-Kakula Copper Complex ■ Distance from Kamoa-Kakula to Angolan Lobito Ocean Port is approximately halved compared with Durban, South Africa, providing for significant potential logistics cost improvement ■ Lobito Corridor and other initiatives, such as… Read More Here
FQM’S DIET PROGRAMME SET TO IMPROVE NUTRITION IN N/W PROVINCE  5 Mining in Zambia Corporate social responsibility 

FQM’S DIET PROGRAMME SET TO IMPROVE NUTRITION IN N/W PROVINCE 

Constance
Good nutrition is a significant focus of the health literacy programme being championed by First Quantum Minerals in North-Western Province. The initiative is part of FQM’s community development programmes aimed at supporting the government’s efforts to improve the health and wellness of people in rural areas through private-public partnerships.  FQM through its Health and Wellness Department has partnered with the Ministry of Health to train women in and around the mine’s catchment areas on how to prepare nutritious meals for their families from locally grown food. “We are running community services, and… Read More Here
Central Province Minister Highlights Importance of Zambia Railways Limited 6 Mining in Zambia Transport and Logistics 

Central Province Minister Highlights Importance of Zambia Railways Limited

Constance
Central Province Minister, Credo Nanjuwa, emphasized the significance of Zambia Railways Limited (ZRL) for Kabwe and the entire province, citing its role in sustaining the region when the mining industry collapsed in the 1990s. During a courtesy call from the Parliamentary Committee on Parastatal Companies, Mr Nanjuwa expressed gratitude for their visit and highlighted the critical importance of ZRL. Concerning ZRL, the minister also raised the issue of the prolonged tenure of the acting Managing Director, stating the provincial administration’s apprehension about the matter. Additionally, he acknowledged the lasting impact… Read More Here
Mining Expert Urges President HH to Prioritize Revamping Mopani and KCM 7 Mining in Zambia Copper Economy 

Mining Expert Urges President HH to Prioritize Revamping Mopani and KCM

Constance
Stakeholders in Zambia’s mining sector have expressed disappointment with President Hakainde Hichilema’s recent press briefing, stating that it lacked substantial updates on Mopani Copper Mines (MCM), Konkola Copper Mines (KCM), and the overall mining sector. A mining expert emphasizes the need for focused attention on Mopani and KCM, highlighting their significance in the country’s economic recovery. During the press briefing at state house, President Hichilema acknowledges that the government has yet to resolve the issues surrounding Mopani and KCM but assures that actions are being taken to address the situation.… Read More Here
US Investment Drives Economic Growth in Lobito Corridor Rail Line 8 Economy Mining in Zambia Transport and Logistics 

US Investment Drives Economic Growth in Lobito Corridor Rail Line

Constance
The United States of America’s investment in the Lobito Corridor rail line has received accolades from Hon. Museba Frank Tayali, the Minister of Transport and Logistics in Zambia. The announcement was made by President Joe Biden during the Partnership for Global Infrastructure and Investment (PGII) Meeting held in Hiroshima, Japan. President Biden unveiled that the United States has already mobilized over $30 billion in investments and is committed to furthering its efforts. This declaration has been warmly welcomed by the Zambian government, particularly the New Dawn Administration, as it aligns… Read More Here
UNDP Botswana Collaborates with Kansanshi Mining Plc to Boost Local Business Development 9 Mining in Zambia Corporate News 

UNDP Botswana Collaborates with Kansanshi Mining Plc to Boost Local Business Development

Constance
The United Nations Development Programme (UNDP) Botswana recently visited Kansanshi Mining Plc as part of an exchange program focused on Local Business Supplier Development. Facilitated by the Zambia Chamber of Mines and UNDP Zambia, the visit aimed to enhance understanding of Zambia’s mining industry and key interventions for promoting local business development. Led by UNDP Zambia Economic Advisor Domingos Mazivila, the delegation, received by Kansanshi Mining Plc’s Corporate Affairs Manager Kyansenga Chitoshi, toured the mine site and explored the company’s Corporate Social Responsibility (CSR) initiatives at the Kansanshi Community Centre.… Read More Here
China Commits to Finding Better Solution for Zambia's Debt Issues 10 Mining in Zambia Economy News in Brief 

China Commits to Finding Better Solution for Zambia’s Debt Issues

Constance
China’s foreign ministry expressed its commitment to addressing Zambia’s debt issues, emphasizing its longstanding dedication to the matter. Wang Wenbin, spokesperson for the ministry, confirmed during a routine press briefing that China will collaborate with Zambia in finding an improved solution. The statement comes in response to Zambian President Hakainde Hichilema’s expressed desire to meet with President Xi Jinping, seeking assistance in restructuring Zambia’s debt. Read More Here

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