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Category: Mining in Zambia

Motivation for awarding “queens” at Heavy welding workshop 1 Environment Social Governance (ESG) Mining in Zambia 

Motivation for awarding “queens” at Heavy welding workshop

Copperbelt Katanga News
Kansanshi Mining Plc Engineering department at Heavy Welding workshop recently awarded four ladies who pushed limits proving to the section that what a man can do indeed a woman can do better. This is one of the rare scenarios where ‘THE QUEENS ‘have done their best to ensure that their work on RD52 Tray rehabilitation project met its target completion date.The rehabilitation works on the Cat 785c – 043 Tray commenced on the 22nd of August 2022 to the 08th of October 2022, this was for a duration of 6… Read More Here
Lumwana Shows Barrick’s Commitment to Copper 2 Mining in Zambia Copper 

Lumwana Shows Barrick’s Commitment to Copper

arnbethnic
LUMWANA, ZAMBIA – The transformation of Lumwana from a marginal copper asset into a world-class operation demonstrates the commitment of Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) to expanding its copper holdings in Africa and globally, president and chief executive Mark Bristow said today. Speaking at a media briefing at the mine, Bristow said since 2019 Lumwana’s fortunes had been turned around completely. Its life has been extended and it has been built into a profitable business, with significant growth opportunities. A solid year to date performance has kept it on track to achieve its… Read More Here
Govt to issue statement on KCM & Mopani 3 Mining in Zambia Governance 

Govt to issue statement on KCM & Mopani

arnbethnic
Mines and Minerals Development Minister PAUL KABUSWE says Government will this week make a final statement on the status of both Konkola Copper Mines -KCM and Mopani Copper Mines. Mr. KABUSWE says the two mining giants are very important in the economic transformation of Copperbelt towns. The minister says that is why he wants to update the nation on how far the ministry has gone with negotiations for both KCM and Mopani. Mr KABUSWE, who is also Chililabombwe Member of Parliament, says by the end of this year a lot… Read More Here
First Quantum Minerals Reports Third Quarter 2022 Results 4 Mining in Zambia Copper Mining Companies 

First Quantum Minerals Reports Third Quarter 2022 Results

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First Quantum Minerals on Tuesday reported substantially lower third-quarter financial results, citing margin compression because of a declining copper price and cost inflation. The Canada-headquartered company’s adjusted earnings fell from $337-million in the second quarter, to $96-million in the third quarter, while copper C1 cash costs increased by $0.08/lb to $1.82/lb. “The headwinds from recessionary concerns and broad cost inflation have led to substantial margin compression across the industry. In the longer term, we continue to see structural upside in our markets from the ongoing challenges of bringing on new… Read More Here
GoviEx moves closer to being a uranium producer by 2025 5 International Mining in Zambia Uranium 

GoviEx moves closer to being a uranium producer by 2025

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GoviEx Uranium has closed its previously announced bought deal private placement financing which includes a partial exercise of the over-allotment option, at a price of C$0.22 per Unit for aggregate gross proceeds of C$10,166,860. Each unit consists of one Class A common share of the company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one common share at US$0.24 until October 25, 2025. The company expects to close an additional tranche of units on the same terms as the Private Placement in… Read More Here
Anglo American class action lawsuit rages on 6 Mining in Zambia Natural gas 

Anglo American class action lawsuit rages on

admin
A class action lawsuit targeting mining giant Anglo American over alleged health problems caused by lead mines in central Zambia will hear who can participate in the case in November. The legal challenge filed in South Africa accuses the British-listed mining company of effectively poisoning villages in Kabwe, north of the capital Lusaka. “The way in which the mining operations were conducted in such close proximity to residents has resulted in huge levels of contamination of the soil,” says Richard Meeran, solicitor for Leigh Day in London, adding that this… Read More Here
FQML committed to mitigating issues pertaining to environmental degradation 7 Environment Social Governance (ESG) Mining in Zambia 

FQML committed to mitigating issues pertaining to environmental degradation

arnbethnic
First Quantum Minerals Limited (FQML) is committed to mitigating issues pertaining to environmental degradation and will endeavour to apply sustainable strategic mechanisms which are economically viable, technically appropriate, socially responsible and implement environmentally sound practices. This message was echoed by FQML Zambia Government relations specialist Dr Godwin Beene in a speech read on his behalf by Kachiwala Sapalo, FQM Trident Limited Environmental Manager during the 2022 Environmental Protection Dialogue (EPD) forum organised by the Centre for Environmental Justice (CEJ) in Lusaka, Zambia under the theme “Strong actions for environmental sustainability.”… Read More Here
Deep-South to start soil sampling at three Zambian Copperbelt prospects 8 Mining in Zambia Exploration 

Deep-South to start soil sampling at three Zambian Copperbelt prospects

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Copper explorer and developer Deep-South Resources is undertaking exploration work at its three newly-acquired large-scale copper exploration licences in the centre of the Zambian Copperbelt, one of the most prolific copper belts in the world. On July 6, Deep-South closed an option agreement to acquire up to an 80% undivided interest in the three licences, where it plans to undertake 3 627 geochemical soil samples with the aim to identify anomalies and define drilling targets. In addition, Deep-South filed with the Zambia Environmental Management Agency (Zema) project environmental briefs for… Read More Here
We have reviewed the Zambian mining sector regime - HH 9 Mining in Zambia Mining Policy 

We have reviewed the Zambian mining sector regime – HH

Copperbelt Katanga News
We have reviewed the mining sector regime in order to encourage more investment and increase the participation of Zambians in the mineral value chain. We are in the process of re-opening the Mining Cadastre Department and floating bids for the blocked mining rights to companies which are wholly or partly owned by Zambians. Furthermore, we will restrict to only five, the number of mining rights any entity or company can own. This will ensure that international companies wishing to acquire mining rights, partner with Zambians or companies owned by Zambians.… Read More Here
Zambian Government will not forgo mining-generated revenues again 10 Mining in Zambia Economy Mining Policy 

Zambian Government will not forgo mining-generated revenues again

arnbethnic
Government set out its plan to revive Zambia’s economy during last week’s Public Symposium on the 2023 National Budget, held on Monday 3 October 2022. Mining For Zambia shares the key takeaways. Having secured an IMF-supported program in September 2022 to assist with managing the country’s debt, growth is now at the top of Government’s agenda. Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane, said: “A Budget can be – and is – an instrument for economic growth. Growth is what is going to take us out of this poverty and generate money… Read More Here

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