Mining in Zambia - Copperbelt Katanga Mining

Investors are rushing back into Africa’s copper country

May 13, 2022May 13, 2022 admin

Mining investors are stampeding back into a region many had seemed determined to leave. Straddling the border of Zambia and the Democratic Republic of Congo, a vast forested area roughly the size of Portugal contains one of the world’s richest caches of minerals: copper for wires and cables, and cobalt for rechargeable batteries. At the intersection of the two African nations, trucks queue for about 53 kilometers (33 miles) along a cratered road snaking past giant mounds of mining residue and villagers selling stacks of watermelons — most of them… Read More Here

Energy Mining in Zambia

Zambian energy crisis opening way to clean energy for the country and its mines

May 12, 2022May 12, 2022 admin

The energy crisis in Zambia had created a situation in which the country could combine increasing its electricity generation capacity with a simultaneous transition to low-carbon renewable energy sources. This was pointed out to Mining Weekly Online by Zambian State-owned group ZCCM Investments Holdings board chairperson Dolika Banda in an exclusive interview at the Mining Indaba 2022 conference in Cape Town, on Thursday. “Our energy situation is untenable,” she affirmed. “Electricity is unreliable and power outages are frequent. Many have to use generators, which is costly. This situation is not sustainable. Zambia… Read More Here

Gemstones Mining in Zambia

GEMSTAR CELEBRATES BREAKING A GUINNESS WORLD RECORDS

May 12, 2022May 12, 2022 admin

Gemstar is delighted to announce that they are the new GUINNESS WORLD RECORDS title holder for the Largest uncut emerald.The record was given to the largest high-quality emerald ever found at Gemfields’ Kagem mine in Zambia, the extraordinary 7,525-carat (1.505kg), single-crystal Chipembele. Chipembele is known as “the rhino emerald”, with Chipembele meaning rhino in the indigenous Zambian dialect of Bemba.Traditionally, only the rarest and most remarkable emeralds have been given names. It was with great pride that Eshed -Gemstar and Gemfields formally unveiled this accolade together at Gem Geneva, the… Read More Here

Copper Cobalt Mining in Zambia

Anglo American to return to Zambia with Arc Minerals copper deal

May 12, 2022May 16, 2022 admin1 Comment

Junior exploration company Arc Minerals has entered into an agreement with a subsidiary of diversified miner Anglo American, which formalises the parties’ intention to form a joint venture (JV) with respect to Arc’s copper/cobalt project in the North-Western province of Zambia. Under the agreement, Anglo will have the right to earn a 70% interest in the JV for an aggregate investment of up to $88.5-million, including a cash consideration of up to $14.5-million, while Arc will retain the remaining 30%. “This agreement represents a major turning point for Arc and… Read More Here

Copper Mining Companies Mining in Zambia

Vedanta agrees to suspend lawsuits over Zambia copper mines

May 12, 2022May 12, 2022 admin

Billionaire Anil Agarwal’s Vedanta Resources Ltd. confirmed it has agreed to suspend legal action to reclaim copper mines Zambia seized three years ago, pending talks to settle the dispute. Konkola Copper Mines was placed under provisional liquidation after the previous Zambian government accused parent company Vedanta of lying about expansion plans and paying too little tax. Vedanta has denied any wrongdoing. The company has said it wants the mines back and has pledged to invest about $1.5 billion to revive the operations. “Vedanta has always been of the view of… Read More Here

Economy Mining in Zambia

President Hichilema meets Cyril Ramaphosa

May 11, 2022May 11, 2022 admin

President Hakainde Hichilema today held a meeting with his South Africa’s counterpart Cyril Ramaphosa to find common grounds for harnessing development in rich mineral resource countries. President Hichilema also held several private engagements with key stakeholders in the mining and financial sectors to stir investments into the country’s economic growth. Key to this was to woo investments in the mining and supporting sectors such as energy, infrastructure, logistics and manufacturing with an aim of boosting Zambia’s economy. Other key stakeholders that the Head of State met were Stanbic Bank and… Read More Here

Gold Mining in Zambia

Barrick Gold eyes more copper assets in Africa

May 10, 2022May 10, 2022 admin1 Comment

Barrick Gold (TSX:ABX)(NYSE:GOLD) wants to add more copper assets to its African portfolio buoyed by a looming deficit and high prices for the industrial metal, which is also a key component in the making of electric vehicles (EVs) and the renewables sector. The Canadian gold giant already owns the Lumwana copper mine in Zambia, which inherited through its acquisition of Randgold Resources in 2019. The operation was rumoured to be one of 13 assets Barrick sought to sell after the $6 billion merger. The company had a change of heart after President Hakainde Hichilema won a… Read More Here

Mining in Zambia Copper Governance

First Quantum to make biggest foreign investment in Zambia in a decade

May 10, 2022May 10, 2022 admin

First Quantum Minerals has announced the largest foreign investment in Zambia in more than a decade, providing a much-needed boost for the cash-strapped government of President Hakainde Hichilema as he attempts to complete a debt restructuring. The Toronto-listed company said it would invest $1.25bn to extend the life of its Kansanshi copper mine until 2044 and a further $100mn to finish the development of its Enterprise nickel project. “There is an improving investment climate in Zambia whereas in other jurisdictions it is looking a little… Read More Here

Events & Expos Mining in Zambia

Zambia and SA wooing investors at 2022 Mining Indaba

May 10, 2022May 10, 2022 admin

ZAMBIA’S President Hakainde Hichilema blasted fresh air through the Africa Mining Indaba yesterday when he delivered the speech that Mineral Resource and Energy Minister Mantashe should have given only moments before. This was according to Peter Leon, a partner and Africa chair of international law firm Herbert Smith Freehlls, following Mantashe’s address at the opening of the first Energy Indaba to be held in two years.Story continues below Advertisment ”Like Mantashe, President Hichilema told delegates that Zambia was open for business. However, unlike Mantashe, the president elevated the private sector… Read More Here

Events & Expos Mining in Zambia

Speech Delivered by President Hakainde Hichilema at the Mining Indaba 2022

May 10, 2022May 10, 2022 admin1 Comment

It is my honour and privilege to be part of this year’s investing in African Mining Indaba. This year’s theme: “AFRICAN MINING: INVESTING IN THE ENERGY TRANSITION, ENVIRONMENTAL, SOCIAL AND GOVERNANCE AND ECONOMIES” could not have come at a more opportune time. The energy transition and unprecedented technological advancements are anchored by mineral resources, among others. Your excellencies, distinguished delegates, ladies and gentlemen, as we all know, the mining sector remains critical to the sustainable development of the African continent. Our continent is blessed with vast mineral resources that are… Read More Here