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Category: Mining in Zambia

3.1% KANSANSHI MINE REVENUE SHARE A GOOD DEAL FOR ZAMBIA 1 Mining in Zambia Mining revenue 

3.1% KANSANSHI MINE REVENUE SHARE A GOOD DEAL FOR ZAMBIA

Constance
The Zambia Chamber of Mines has described the 3.1% revenue-based royalty secured by ZCCM-IH in its negotiations as being “at the top end of the range” and a good deal for the country normally seen for this type of arrangement. In a statement made available to the Zambian Business Times – ZBT, Chamber of Mines CEO Sokwani Chilembo stated that “this is a good deal for ZCCM-IH, when you look at the international comparisons”. He revealed that ZCCM IH and to a larger extent Zambia has secured a regular, consistent… Read More Here
CHILDREN ABANDON FREE EDUCATION FOR GOLD RUSH 2 Mining in Zambia 

CHILDREN ABANDON FREE EDUCATION FOR GOLD RUSH

Constance
The allure and attractiveness of gold has led some families in central province to pull out their children from school to engage in gold mining. Despite the introduction of the free education policy by Government in all public schools across the country, residents of Luano District have opted to rope in their children in artisanal gold mining as they feel the power and opportunities of Gold far outweighs the long term value of the free education being provided. Senior Chief Mboroma of Luano Valley of central province has revealed that… Read More Here
Watch KoBold President Josh Goldman Announce the Company’s $150 million Mingomba Deposit Investment 3 Battery Metals Mining in Zambia New Mining Projects 

Watch KoBold President Josh Goldman Announce the Company’s $150 million Mingomba Deposit Investment

arnbethnic
KoBold President Josh Goldman, EMR Capital EMR Executive Chairman Owen Hegarty, U.S. Commerce Secretary Gina Raimondo, Zambian Minister for Mines and Minerals Development Paul C. Kabuswe, and His Excellency Hakainde Hichilema, President of the Republic of Zambia joined together to announce KoBold’s $150 million Mingomba Deposit investment during the Biden Administration’s 2022 African Leader’s Summit. Read More Here
KOBOLD METALS, ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION 4 Copper Mining in Zambia New Mining Projects 

KOBOLD METALS, ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION

arnbethnic
The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBold Metals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining company ZCCM-IH, are pleased to announce a $150 million investment from KoBold Metals to own, explore, and develop the Mingomba deposit and to support the Lubambe Copper Mine in Chililabombwe, Zambia. This $150 million investment is the first major… Read More Here
The US, DRC and Zambia signs an MOU for the Electric Vehicle Battery Value Chain 5 News in Brief Battery Metals Mining in DRC Mining in Zambia 

The US, DRC and Zambia signs an MOU for the Electric Vehicle Battery Value Chain

Constance
Zambia and DRC appended their signatures to an MOU on U.S. Assistance (Investments & Technologies) to develop the DRC-Zambia Electric Vehicle the DRC-Zambia Electric Vehicle Battery Value Chain, further supporting the Minerals Security Partnership’s objectives said Secretary Antony Blinken. Does it mean a change of strategic partnership for the DRC, USA versus China? In order to build up that value chain, DRC will need to start by assessing its climate of investment in the mining industry. ”Zambia and the Democratic Republic of Congo have signed an agreement with the United… Read More Here
KoBold Metals to build copper-cobalt mine in Zambia backed by Bill Gates & Jeff Bezos 6 Cobalt Battery Metals Mining in Zambia New Mining Projects 

KoBold Metals to build copper-cobalt mine in Zambia backed by Bill Gates & Jeff Bezos

arnbethnic
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has committed $150 million to developing the Mingomba copper-cobalt mine in Zambia, said to be the world’s highest-grade undeveloped large deposit of the orange metal. The start-up, which has Gates’ Breakthrough Energy Ventures and the world’s top miner BHP (ASX:BHP) as shareholders, will use its artificial intelligence tools to process drilling data and optimize exploration for copper and cobalt at Mingomba. KoBold is buying into what will be a joint venture with the existing owners of the project – Australian… Read More Here
Zambia's ZCCM-IH takes centre stage 7 Environment Social Governance (ESG) Mining in Zambia Mining tax 

Zambia’s ZCCM-IH takes centre stage

arnbethnic
A revenue-sharing model will give ZCCM-IH the financial firepower to achieve its strategic goals, says Board Chair The Zambian state-owned mining investment company ZCCM-IH recently announced its decision to convert its right to dividend payments from its stake in Kansanshi Mining Plc to a revenue-sharing agreement, under which the company will receive a percentage of all mineral sales for as long as the mine is in production. Mining For Zambia asked ZCCM-IH’s Board Chair, Ms Dolika Banda, to tell us what motivated the move, and how it benefits the company and Zambia… Read More Here
ZCCM-IH Shareholders in K85.2 million Dividend Payout 9 Economy Mining in Zambia 

ZCCM-IH Shareholders in K85.2 million Dividend Payout

arnbethnic
09th December 2022, Lusaka, Zambia: Shareholders of ZCCM Investments Holdings Plc (ZCCM-IH) have approved an K85.3 million dividend at K0.53 per share during the 18th Annual General Meeting held today virtually.  This follows a Group profit of K2.1 billion (compared to K307 million in 2019)and a Company profit of K568 million (compared to K153 million in 2019) recorded for the 2020 financial year end. This represents 594% and 271% increase in profits compared to the previous year respectively.  At the ZCCM-IH Group level, the recorded profit was  on account  of:… Read More Here
MAAMBA COLLIERIES LTD. WINS  ZACCI AWARD FOR  SUSTAINABLE WORKFORCE IN ZAMBIA 10 Coal Environment Social Governance (ESG) Mining in Zambia 

MAAMBA COLLIERIES LTD. WINS  ZACCI AWARD FOR  SUSTAINABLE WORKFORCE IN ZAMBIA

arnbethnic
LUSAKA, ZAMBIA – Maamba Collieries Limited has been recognised by the Zambia Chamber of Commerce and Industry (ZACCI) for its best practices in managing its workforce and resilience during the pandemic. Under the theme “Business Resilience, Using Disruptions to Bounce Back”, ZACCI recognised MCL’s sustainable workforce and resilience through innovation as key factors in building a positive dynamic industry that generates a supportive work environment promoting well-being, worker attitudes and increased efficiency in the use of resources. Maamba Collieries Chief Executive Officer Lt Col Cyrus Minwalla (Retd) said the company was… Read More Here

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