Mining in Zambia - Copperbelt Katanga Mining

Zambian Authorities Seek Solutions To Long-Standing Energy Shortage In Crisis Talks 1

Hichilema remains determined to keep his election campaign commitment of exterminating load management through creating stable power supply to citizenry. Energy poverty is counterintuitive to Zambia’s growth especially at a time the Southern African nation grapples with debt distress and is in the middle of a debt restructure. Zambia faced a similar crisis in 2015 – 2016 period where drought induced a power crisis. In this period the copper producer faced a foreign exchange crisis with sharp currency depreciation, inflation spiral and soaring interest rates as an autopsy. These market… Read More Here

Mining in Zambia Copper

Opportunities For Copper Mining Growth In Zambia As Climate Change Mitigation Efforts Increase

January 10, 2023January 10, 2023 Constance

At last year’s US Africa leaders summit in Washington the US signed an historic memorandum of understanding with Zambia and the Democratic Republic of Congo to develop an electric vehicle battery supply chain. At the summit, Zambian President Hakainde Hichilema also announced that Kobold metals, an exploration firm backed by billionaires Bill Gates, Jeff Bezos and Richard Branson, will invest US$150 million to develop a new mine in Zambia. Zambia is particularly well positioned to supply what the world needs. It has substantial reserves of copper and cobalt, critical metals for the transition… Read More Here

Energy Mining in Zambia

Zambia Attractive For Private Sector Energy Investment

January 8, 2023January 9, 2023 Constance

Zambia’s energy sector has become one of the best destinations for private sector investments, Copperbelt Energy Corporation Plc’s (CEC) Chief Financial Officer, Mutale Mukuka, has asserted. Sharing his views on various aspects of the business and the Zambian energy sector recently, Mukuka said the improving economic variables in the country, ongoing sector reforms and the government’s focus on dialogue with the private sector, made for an attractive investment environment. Mukuka stated that the levels of investor comfort were also expected to be bolstered by the positive performance of other key… Read More Here

Electricity Mining in Zambia

Mozambican Firm To Export Electricity To Zimbabwe, South Africa and Zambia

January 7, 2023January 7, 2023 arnbethnic

Mozambique’s Electridade de Moçambique (EDM) plans to increase power exports to other Southern African Development Community (SADC) countries. Speaking to the AIM news agency, EDM chairman Marcelino Gildo Alberto said that power exports to the region currently represent 22 per cent of EDM’s annual revenues. The Macao News quoted Alberto as saying: The southern African region is in crisis. South Africa is short of power, Zimbabwe the same, Zambia too, and recently we learned that Tanzania is starting to have problems. So, we are going to take advantage of this situation… Read More Here

Mining Supply Tenders Mining in Zambia

Request for Proposals for Potential Greenfield and Brownfield Projects | Zambia

January 5, 2023January 5, 2023 arnbethnic

African Tender Notice | Zambia Announcement Date: 30 Dec 2022 Tender Description: Invitation for proposals from local and international companies to partner with a Zambian mining company in prospective Copper, Cobalt, Gold, Nickel, and Lithium tenements for development. The prospective projects can range from Greenfield to Brownfield. Deadline: 14 Feb 2023 Click to access full tender detail Source: africantender.deals Read More Here

Oil & Gas Mining in Zambia

Zambia Scraps 25% Import Tax On Gasoline, Petroleum Prices Expected To Fall Back At Year End & Beyond

December 28, 2022January 2, 2023 Constance

Amidst energy price pressures in Africa’s copper producer, Zambia, the Energy Ministry on December 27, announced an extermination of customs duty on petroleum products into 2023. This was contained in a communique from the energy authorities to the Oil Marketing Companies. The Zambian authorities, have amended the customs duty rate in Chapter 27 of the Customs and Excise Act Cap 322 from 25% to free rate (0%). This applies to importation of petrol and low Sulphur gas oil and shall come into effect on 01 January 2023. Petroleum energy reforms in… Read More Here

Copper Mining in DRC Mining in Zambia

DRC An Important Growth Market For CEC

December 28, 2022January 2, 2023 Constance

“The DRC segment of the business has scaled up quite well and is, today, performing well and contributing significantly to the revenue and the bottom line of our financial performance”, Copperbelt Energy Corporation Plc (CEC) Managing Director, Owen Silavwe has disclosed. In a recent interview on various aspects of the business, Silavwe was confident that the DRC market would continue to be a big part of CEC. Although present there for many years, CEC has over the past few years aggressively pursued the DRC, growing its… Read More Here

Mining in Zambia Mining Companies Mining Policy

Stable Policy Attracts Mining Investment In Zambia- First Quantum Minerals

December 24, 2022December 24, 2022 Constance

Zambia’s stable and consistent policies have sparked a resurgence in direct foreign investment, according to the nation’s largest mining company, First Quantum Minerals (FQM). “We’re now responding to the incentives, stability and consistency of policy. Mines can now seek capital whether it’s self-generated or from the wider international financial institutions,” said FQM’s Kansanshi Mining Corporate Affairs Manager Kyansenga Chitoshi, speaking on a panel of multi-industry representatives at a dissemination workshop on the key findings of the government’s 2022 Foreign Private Investment & Investor Perspective Survey. The survey is released by… Read More Here

Mining in Zambia Mining tax

GOVT DOESN’T UNDERSTAND VALUE OF 20% FQM SHARES TO ACCEPT ONLY 3.1% ROYALTY

December 19, 2022December 19, 2022 Constance

A mining expert has questioned the decision by the government to convert the 20% shares ZCCM-IH stake in Kansanshi mine to a Royalty or revenue share of 3.1%, accusing the government negotiating team led by ZCCM – IH chairperson Dorika Banda of seemingly not understanding the value of governments 20% percent shareholding stake and how much it would accrue in terms of the investment in mine project. On Tuesday Finance Minister Dr. Situmbeko Musokotwane announced during a press Briefing in Lusaka in the company of his counterpart Mines Minister Paul… Read More Here