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Category: Mining in Zambia

BANKERS UPBEAT ON FQM INVESTMENT PLANS  1 Copper Mining in Zambia 

BANKERS UPBEAT ON FQM INVESTMENT PLANS 

Constance
First Quantum Minerals’ investments and expansion projects in Zambia have drawn the interest of financiers in the region who recently toured its mine sites in Kalumbila and Solwezi to familiarize themselves with its operations. The visit showcased the economic significance of the investments to the country’s industrialization and diversification agenda within the mining sector and beyond. Representatives from Stanbic Bank, Rand Merchant Bank, Absa Bank and Nedbank relayed their optimistic outlook of country’s mining landscape that followed as a result of government’s policy and investment pronouncements made over the last two years… Read More Here
Zambia's "Green City" Plan needs to prioritize the cleanup of Lead Mines 2 Mining in Zambia 

Zambia’s “Green City” Plan needs to prioritize the cleanup of Lead Mines

Constance
According to the Alliance for a Lead-Free Kabwe, a group of Zambian and international organizations, the Zambian government’s recent announcement to transform Kabwe into a “green city” could present a significant chance to tackle the toxic lead that has affected residents for many years. Elijah Muchima, acting minister of green economy and environment, disclosed the plan during a roundtable conference arranged by the alliance in Lusaka, the capital city, on March 2, 2023. Kabwe is known to be one of the most heavily polluted places globally, with lead and zinc… Read More Here
Gemfields full-year profit rises 2% on record ruby, emerald sales 3 Mining in Zambia Precious Stones 

Gemfields full-year profit rises 2% on record ruby, emerald sales

Constance
Faberge jewellery brand owner Gemfields Group, reported a 2% rise in full-year profit on Friday helped by higher prices for uncut emeralds and rubies. The precious stone miner said headline earnings per share, the main profit measure in South Africa, rose to 4.8 U.S. dollar cents for the year ended Dec. 31, from 4.7 U.S. dollar cents a year earlier. Gemfields owns 75% each of the Montepuez ruby mine in Mozambique and Kagem emerald mine in Zambia, with the two countries’ respective governments owning the balance. It also owns the… Read More Here
Kansanshi Mining signs MOU to provide Piped Water to Mushitala community 4 Mining in Zambia Corporate social responsibility 

Kansanshi Mining signs MOU to provide Piped Water to Mushitala community

Constance
In its continued quest to improve the welfare and livelihood of the host communities, Kansanshi Mining PLC. “Kansanshi Mine” has signed a Memorandum of Understanding (MOU) with the North Western Water Supply and Sanitation Company Limited (NWWSSCL) for the provision of piped water to the Mushitala community, along the Old Congo Road in Solwezi District. In this MOU, Kansanshi Mine shall provide to NWWSSCL a Grant, in the sum of Six million, six hundred thousand Kwacha (ZMW 6.6 Million) worth of material and financial support, towards the project. On the… Read More Here
Mineral Prices in Zambia This week 5 Mining in Zambia 

Mineral Prices in Zambia This week

Constance
The demand for minerals, including cobalt, copper, lithium, and nickel, is surging due to the increasing use of renewable energy technologies and electric vehicles. The COVID-19 pandemic has disrupted the mining supply chain, leading to a shortage of some minerals. The situation has resulted in price hikes and concerns about the impact on the transition to clean energy. As a result, countries and companies are exploring ways to improve supply chain resilience, invest in new mining projects, and increase recycling efforts to ensure a steady supply of essential minerals. Read More Here
Zambian President Directs ZESCO to Develop Income for Kafue Gorge Communities 6 Mining in Zambia Electricity 

Zambian President Directs ZESCO to Develop Income for Kafue Gorge Communities

Constance
President Hakainde Hichilema has instructed Zambia Electricity Supply Corporation Limited (ZESCO) to create investments that will provide revenue for the communities living around the Kafue Gorge Lower Power Station in Chikankata District. He stated that the individuals in the region should be rewarded through developmental projects since they have safeguarded the environment, allowing for the establishment of the electricity generation investment. And His Excellency acknowledged the traditional leaders in the area for their leadership in preserving the environment. He made the remarks at a meeting with Traditional Leaders from Lusaka… Read More Here
On the ground with Kobold Metals at Mingomba in Zambia 7 Copper Equipment & Technology Exploration Mining in Zambia 

On the ground with Kobold Metals at Mingomba in Zambia

Constance
Since minerals exploration and development company KoBold Metals announced it was investing $150 million in developing a copper deposit in Zambia’s Copperbelt Province, the media has been abuzz about the role that “artificial intelligence” and “machine learning” played in discovering what is estimated to be a reserve containing 247 million tonnes of copper with an average grade of 3.6%.  Mining For Zambia sat down with the company’s co-founder and President, Josh Goldman, to get an update on the project and find out how this mystical technology works.   KoBold’s innovative approach to mineral… Read More Here
MIBA DRC Courts New Mining Projects Mining in Zambia 

Argonaut Resources embroiled in legal dispute over Lumwana West exploration license in Zambia

Copperbelt Katanga News
Argonaut Resources, an Australian mineral exploration company, has been embroiled in a legal dispute over the Lumwana West exploration license in Northwestern Zambia. The license was cancelled and re-granted to a newly registered company, prompting Argonaut’s subsidiary, Mwombezhi Resources, to appeal the decision. In the first instance, it was announced that the Zambian High Court ordered the Minister of Mines to decide on the appeal within 30 days. The court had previously suspended both the cancellation and grant of the license two months earlier. Argonaut’s legal action seeks to reinstate… Read More Here
DRC, Zambia, UN, Afreximbank to sign EV Battery precursor SEZ Agreement 8 Mining in DRC Battery Metals Contracts & tenders Mining in Zambia 

DRC, Zambia, UN, Afreximbank to sign EV Battery precursor SEZ Agreement

Constance
The signing of the Framework Agreement relating to the creation of Special Economic Zones dedicated to the production of precursors for batteries, batteries and electric vehicles between the Democratic Republic of Congo, Zambia, the United Nations Economic Commission for Africa and Afreximbank is scheduled for March 27, 2023 in Kinshasa. This signature will be followed by the launch of a pre-feasibility study. Which study will aim to design an implementation plan and an operational model for the creation and operation of the cross-border SEZ.  It will also aim to identify the… Read More Here
Peerless Asset Quality and High-Potential Prospects Position Barrick for Profitable Growth 9 International Mining in DRC Mining in Zambia 

Peerless Asset Quality and High-Potential Prospects Position Barrick for Profitable Growth

arnbethnic
The past year marked a major milestone in Barrick’s journey to becoming the world’s most valued gold and copper mining company, with the foundational targets of the new business created by the Merger1 having largely been met, and its greater goals now within reach, says president and chief executive Mark Bristow with the publication of the company’s 2022 annual report today. “North America is Barrick’s value foundation and the true benefits of our creation of the Nevada Gold Mines complex are now becoming evident in the form of mineral resource growth and new… Read More Here

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