Mining in Zambia - Copperbelt Katanga Mining

Shuka Minerals Nears Full Ownership of Kabwe Zinc Mine Following Funding Boost

January 14, 2026January 14, 2026 Constance

Shuka Minerals Set to Complete Acquisition of Kabwe Zinc Mine as Final Funding Tranche Nears AIM- and AltX-listed Shuka Minerals is expected to shortly receive £815,000 from investment banking group Gathoni Muchai Investments under an expanded loan agreement entered into in June last year. The funding will enable Shuka to settle the remaining cash consideration for its acquisition of Leopard Exploration and Mining, a Zambian mining company that owns the Kabwe zinc mine. Shuka began the acquisition process in November last year by settling an initial tranche of the purchase… Read More Here

Mining in Zambia Economy

Bank of Zambia Sets Deadline for Withdrawal of Old Banknotes

January 14, 2026January 14, 2026 Constance

Old Zambian Banknotes to Lose Legal Tender Status in 2026 as BOZ Confirms Exchange Deadline The Bank of Zambia has announced that all old banknotes will cease to be legal tender on April 1, 2026, marking the final phase of the country’s currency transition. The central bank said the exchange period for the old notes will officially end on March 31, 2026. The withdrawal follows the introduction of a new currency family in March 2025, comprising six banknotes and six coins, which have been circulating alongside the old currency during… Read More Here

Mining in Zambia Transport and Logistics

Zambia Strengthens Commitment to Lobito Corridor

January 13, 2026January 13, 2026 Constance

Zambia Reaffirms Support for Lobito Corridor to Enhance Trade, Infrastructure, and Regional Integration Zambia has reaffirmed its strong commitment to the Lobito Corridor following an official visit by its Ambassador to Angola, His Excellency Rev. Dr. Elias Munshya, to the Port of Lobito in Benguela Province. The visit underscores Zambia’s ongoing efforts to strengthen cooperation along this strategic regional infrastructure initiative linking Angola, Zambia, and the Democratic Republic of the Congo. During a high-level meeting with the Board of Directors and management of the Port of Lobito, Ambassador Munshya highlighted… Read More Here

Mining in Zambia Battery Metals Cobalt

Zambia Benefits from Cobalt Price Surge Amid Supply-Driven Market Shock

January 13, 2026January 13, 2026 Constance

Cobalt Prices Soar 130% in 2025: Economic Implications and Opportunities for Zambia Cobalt prices have surged by approximately 130% since early 2025, reaching over US$56,200 per tonne. This spike is primarily a supply-driven shock rather than a structural shift in the global cobalt market. The rally has been largely triggered by policy and regulatory restrictions in major producing countries, which have tightened supply in an already highly concentrated market. When supply is constrained administratively, prices often react sharply and can overshoot in the short term. From a fundamentals perspective, global… Read More Here

Mining in Zambia Economy

Zambian Govt Hails Stronger Kwacha, Urges Businesses to Pass on Benefits to Consumers

January 13, 2026January 13, 2026 Constance

Zambian Kwacha Strengthens as Government Calls on Businesses to Lower Prices and Support Cost of Living Relief The Government has welcomed the continued appreciation of the Zambian Kwacha against major international currencies, describing the trend as a clear signal of growing confidence in the country’s economic fundamentals and the effectiveness of ongoing macroeconomic and fiscal reforms. In a statement issued on Tuesday, the Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga, MP, said the strengthening of the local currency reflects deliberate and sustained policy efforts under President Hakainde Hichilema’s… Read More Here

Mining in Zambia Economy

Zambia and Türkiye Deepen Economic Ties to Drive Investment and Growth

January 13, 2026January 13, 2026 Constance

Zambia and Türkiye Reaffirm Commitment to Boost Trade and Investment in Mining, Infrastructure and Agriculture Zambia and Türkiye have reaffirmed their commitment to strengthening bilateral economic cooperation following a high-level engagement between the Minister of Finance and National Planning, Dr Situmbeko Musokotwane, MP, and the Turkish Ambassador to Zambia, His Excellency Huseyin Barbaros Dicle. Ambassador Dicle paid a courtesy call on Dr Musokotwane at the Ministry of Finance and National Planning headquarters, where discussions focused on expanding sustainable investment partnerships across sectors of shared economic interest. The meeting underscored Zambia’s… Read More Here

Mining in DRC Governance Mining in Zambia

Zambia and DRC Convene 14th Joint Defence and Security Commission in Lubumbashi

January 13, 2026January 13, 2026 Constance

Zambia–DRC Defence and Security Commission Opens in Lubumbashi to Tackle Transnational Crime and Regional Threats The 14th Session of the Zambia–Democratic Republic of Congo (DRC) Joint Permanent Commission (JPC) on Defence and Security officially opened in Lubumbashi, Democratic Republic of Congo, bringing together senior government and security officials from both countries. In his opening address, Zambia’s Permanent Secretary in the Ministry of Defence, Mr Maambo Haamaundu, reaffirmed Zambia’s strong commitment to sustained bilateral cooperation with the DRC. He underscored the deep historical ties between the two nations, rooted in their… Read More Here

Mining in Zambia Economy

Kwacha Nears Two-Year High as Zambia’s De-Dollarisation Drive Sparks Dollar Sell-Off

January 11, 2026January 11, 2026 Constance

Zambia’s Kwacha Strengthens to Two-Year High Following Government Crackdown on Dollar Use Zambia’s kwacha traded near its strongest level in more than two years after a government directive limiting the use of foreign currencies in domestic transactions triggered a surge in dollar selling across the market. The currency gained sharply during the trading session, rising close to 1% against the US dollar before easing slightly to close the day higher. The move extends a strong rally that began last year and has been supported by record copper prices and improving… Read More Here

Mining in DRC Copper Mining in Zambia

DRC and Zambia Gain from Copper Price Boom as Global Demand Surges

January 11, 2026January 11, 2026 Constance

Copper Prices Above $13,000 a Ton Deliver Economic Windfall for Congo and Zambia The Democratic Republic of Congo and Zambia are benefiting from a sharp rally in global copper prices, providing both countries with a significant economic boost at a time of rising global demand for the metal. Copper, a cornerstone of export earnings and government revenue for both nations, has surged nearly 50% since January 2025, surpassing US$13,000 per metric ton for the first time. The price rally has been partly fuelled by concerns over potential United States tariffs… Read More Here

Mining in Zambia News in Brief

Zambia’s Aerial Mineral Mapping Survey Hits 55% Completion

January 10, 2026January 12, 2026 Constance

Zambia Aerial Mineral Mapping Survey Progress Reaches 55%, Copperbelt Zone Nears Completion Zambia’s Aerial Mineral Mapping Survey has reached 55 per cent completion, marking a significant milestone in the country’s efforts to advance mineral exploration. Permanent Secretary in the Ministry of Mines and Minerals Development, Hapenga Kabeta, confirmed that Zone B, which primarily covers the Copperbelt region, is nearing completion. “The government remains committed to providing all necessary support to ensure the survey is successfully completed,” Dr. Kabeta stated. A more detailed update will be provided by the Minister of… Read More Here