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Category: Mining in Zambia

Zambia gets a new lease of life - Albert Halwampa 1 Mining in Zambia Governance 

Zambia gets a new lease of life – Albert Halwampa

Copperbelt Katanga News
ZDA acting director says investor confidence has returned Beyond all the turbulence of the past few years, Zambia has been through a lot. In November 2020, it became the Africa’s first Covid-era debt casualty and underwent negotiations to restructure its debt. Following the election of president Hakainde Hichilema last year, the country has made strides to get back on track, including securing an a IMF package of support worth $1.3bn in September.  Albert Halwampa, acting director at the Zambia Development Agency (ZDA), tells fDi why the country’s improved economic climate is instilling… Read More Here
First Quantum Minerals Mining in Zambia Copper 

FQM HIGHLIGHTS ‘MAGNETIC’ QUALITY OF MINING FOR LOCAL BUSINESS 

arnbethnic
SOLWEZI, ZAMBIA – After a decade of stagnation, Zambia’s mining sector is witnessing revived growth that is spurring renewed interest from local and international investors and creating new business opportunities for Zambians.   This is all thanks to the government’s revived efforts to return mining to its pivotal position in the economy by creating an enabling investment environment, according to industry stalwart Dr Godwin Beene, who is FQM Government Affairs Specialist, and President of the Zambia Chamber of Mines.  Speaking at the ongoing Zambia International Mining and Energy Conference (ZIMEC) in Kitwe,… Read More Here
Disciplined Strategy Execution Supports Sustained Value Creation at Barrick 2 International Mining in DRC Mining in Zambia 

Disciplined Strategy Execution Supports Sustained Value Creation at Barrick

arnbethnic
LONDON – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) remains on track to achieve its 2022 production guidance despite some short-term operational challenges and rising input costs, president and chief executive Mark Bristow said today. Presenting the company’s third-quarter results, Bristow said a steady performance had paved the way for a stronger Q4, driven by access to higher grades at Nevada Gold Mines (NGM). Its exploration drive continues to build momentum and Barrick is set once again to grow its reserves net of depletion this year. Operating cash flow for the quarter was $758 million… Read More Here
Safety Officer Careers Mine Safety Mining in Zambia Safety & Health 

ZAMBIAN MINES CHALLENGED ON SAFETY

arnbethnic
Zambia’s Mines and Minerals Development Minister PAUL KABUSWE has challenged mining companies to improve their Occupational Safety and Health systems. Mr. KABUSWE says the desire of government is to see zero fatalities and growth in the mining industry to meet production targets of 3 million tons of Copper in a decade. In a speech read on his behalf by Acting Director Mines Safety Department MALFRED MOOLELA at the 6th National Conference on Occupational Health, Safety and Environment in Ndola Mr. KABUSWE said his Ministry is aware that several mining companies… Read More Here
Kolwezi-Lumwana Road And The Lusaka-Ndola Dual Carriageway Concession Agreements To Be Signed 3 Mining in Zambia Governance 

Kolwezi-Lumwana Road And The Lusaka-Ndola Dual Carriageway Concession Agreements To Be Signed

arnbethnic
The Zambian Government will in the next three weeks sign a concession agreement under a Public-Private Partnership financing model for the construction of a dual carriageway from Ndola to Lusaka. Finance and National Planning Minister SITUMBEKO MUSOKOTWANE has announced during the 2023 Post Budget Symposium in Kitwe on the Copperbelt. Dr. MUSOKOTWANE has further disclosed that government will proceed to sign two more concession agreements to work on the Ndola – Mufulira Road and a build a road from Kolwezi in the Democratic Republic of Congo -DRC- to Lumwana to… Read More Here
Zambian Govt Looking For Mopani Copper Mines’ Partner 4 Copper Mining in Zambia 

Zambian Govt Looking For Mopani Copper Mines’ Partner

arnbethnic
Mines and Minerals Development Minister PAUL KABUSWE says Government is working to identify a strategic partner and financier for Mopani Copper Mines. Mr. KABUSWE says Government will continue working to find capital for the mining firm even when it is also trying to source for its own money for operations. And the Mines Minister says  Konkola Copper Mines -KCM- has appointed a financial advisor who is working closely with Government and the provisional liquidator to identify and develop strategic options to secure the long term future of the mine. Speaking… Read More Here
<strong>NGO SURVEY COMMENDS FQM FOR COMMUNITY ENGAGEMENT</strong> 5 Mining in Zambia Corporate social responsibility Environment Social Governance (ESG) 

NGO SURVEY COMMENDS FQM FOR COMMUNITY ENGAGEMENT

Copperbelt Katanga News
SOLWEZI, ZAMBIA – A survey by the Extractive Industry Transparency Alliance (EITA) has commended First Quantum Mineral’s Kansanshi Foundation for the quality of its community engagement, particularly on its water quality projects. The survey came as the mining company’s community action team in Solwezi redoubled its efforts to complement the government’s work in improving the health, education and quality of life of its citizens in communities surrounding its mining operations in North-Western Province. FQM has spent more than US$100 million on its sustainability and community development programmes including construction of classroom… Read More Here
HH COMMISSIONS MANGANESE MINE IN ZAMBIA 6 Battery Metals Mining in Zambia New Mining Projects 

HH COMMISSIONS MANGANESE MINE IN ZAMBIA

Copperbelt Katanga News1 Comment
President HAKAINDE HICHILEMA has commissioned the Luongo Manganese Mine in Chipili District of Luapula Province. Luongo Manganese Mine has over 40 million tonnes of ore and is projected to last for 20 years. The mine has been developed by Mineral Geologist SIXTUS MULENGA through his exploration company MUSAMU Resources. Speaking when he commissioned the mine, President HICHILEMA said the development of Luongo Manganese Mine is a milestone as it has shown that Zambians can set up and run mines in the country. President HICHILEMA said government will support the mine… Read More Here
Kagem unveils colossal 37kg cluster of emeralds 7 Emeralds Mining in Zambia 

Kagem unveils colossal 37kg cluster of emeralds

Copperbelt Katanga News
LUFWANYAMA, ZAMBIA – Lufwanyama-based Kagem Mining continued to put Zambia’s gemstones at the forefront of world demand this week as it unveiled a giant 37kg cluster of emeralds. The team’s find – named the Kafubu Cluster –  is expected to be the most expensive single emerald piece ever sold by the company when it comes up for auction this month, generating foreign exchange for the nation as proceeds are repatriated to Zambia. Geologists at Kagem have “freed the emerald crystals from their host rock.” The result is a large mass, filled with… Read More Here
ZRA challenged to settle Mopani’s $110 million in VAT refunds 8 Mining in Zambia Taxes 

ZRA challenged to settle Mopani’s $110 million in VAT refunds

Copperbelt Katanga News
The Zambia Revenue Authority – ZRA has been accused of selective payments of tax refunds after it emerged that some foreign owned mines Value Added Tax – VAT refunds liabilities are being paid off regularly while that of locally and state-owned mines such as Mopani Copper Mines are not being given the same treatment. The Zambian Business Times – ZBT has received information that ZRA owes Mopani Copper Mines about $110 million in VAT – refunds, but the rate at which ZRA is refunding the ZCCM IH majority owned mine… Read More Here

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