Category: Mining in Zambia

Aim- and AltX-traded metals processing company Jubilee says the six months ended December 31, 2021 marked a period of significant investment, with £35-million, or about R750-million, having been invested into its South African and Zambian operations. This lays the foundation for sustained growth at its operations in South Africa, while rapidly nearing the completion of its Southern Copper Refining Strategy in Zambia, which is targeted to deliver more than 10 000 t/y of copper. During the six months under review, Jubilee completed the construction of the now fully integrated Inyoni… Read More Here

Barrick Gold Corp., the world’s second-biggest producer of the precious metal, sees opportunity to grow its copper production in central Africa, especially with a pro-business government having won power in Zambia last year, Chief Executive Officer Mark Bristow said. The company already operates the Lumwana copper mine in northwestern Zambia. It considered selling that operation in 2019 after receiving interest from potential buyers following its merger with Randgold Resources Ltd. and Bristow’s appointment as CEO earlier that year but never followed through.  “The Lumwana copper mine in Zambia has been a real… Read More Here

Zambia’s Mopani Copper Mines on Wednesday reported a second fatal accident in three days at the mine, saying a 35-year-old contractor worker died on Tuesday after falling through the roof of a copper concentrate storage shed. Operations at the smelter concentrate shed where the accident occurred have been suspended until further notice, the company said in a statement. Mopani on Monday said it suspended operations at one of its shafts after an accident on Sunday in which one person was killed. Read More Here

Official Receiver Natasha Kalimukwa has taken over the running of the affairs of Konkola Copper Mines following the resignation of Milingo Lungu as provisional Liquidator for KCM. Ms. Kalimukwa has announced the development in a statement issued on Tuesday. She has advised stakeholders to deal with the official receiver in all matters pertaining to Konkola Copper Mines. Mr. Lungu resigned recently from his position as Konkola Copper Mines Plc Provisional Liquidator with immediate effect and did not give any reasons for his resignation. The provisional liquidator of Zambia’s Konkola Copper… Read More Here

Copper production in Zambia dropped to 800 696 t last year from 837 996 t the year before, data obtained from the nation’s statistics agency showed on Tuesday. Zambia’s cobalt production also dropped to 247 t last year from 316 t a year earlier, according to the Zambia Statistics Agency. The Zambia Chamber of Mines said the reduced output was mainly due to operational challenges arising from a lack of recapitalisation due to an unattractive mining tax regime. “It is only now that we are seeing mining companies recapitalising after… Read More Here