Mining in Zambia - Copperbelt Katanga Mining

Continued suspension of Kasenseli gold mine puts central bank’s gold reserve build-up in jeopardy 1

The new Mines Minister Paul Kabuswe’s continued suspension of the Kasenseli gold mine operating license, and thus mining activities, from late October 2021 put the central bank’s gold reserve build-up target for 2021 in jeopardy. Since the gold-buying program began in January this year, the Bank of Zambia (BoZ) has spent approximately US$37 million on refined gold from First Quantum’s Kansanshi mine. Kasenseli Gold Mine’s operations in Mwinilunga, North-Western Province, were halted after a Ministerial directive from the Minister of Mines and Minerals Development to do so to address concerns… Read More Here

Gemstones Mining in Zambia

Gemfields’ latest emerald auctions generate a record $37.9m in revenue

December 8, 2021December 12, 2021 admin

A series of five emerald mini-auctions in November and December has generated a record $37.9-million in revenue for gemstone miner Gemfields. All carats on offer were sold and the emeralds, produced at the company’s 75%-owned Kagem mine, in Zambia, were sold for an average of $150.65/ct. Among the emeralds on auction was the 7 525 ct Chipembele emerald recovered at the Kagem mine. It is the largest emerald ever to be recovered at the mine. Longstanding Kagem customer Eshed-Gemstar bought the Chipembele emerald. “Our end-of-year emerald auction has been one of the most hotly contested… Read More Here

Mining in Zambia Copper Gold

Galileo signs option agreement to earn 51% interest in Zambia copper/gold project

December 8, 2021January 25, 2022 admin

Aim-listed Galileo Resources has entered into an option and joint venture (JV) agreement with Garbo Resource Solutions to earn an initial 50% interest in the Shinganda copper/gold project, in Zambia. Galileo has committed to spending $500 000 on exploration and evaluation at Shinganda over a two-year period. “This project fits the Galileo model in that the licence areas have good copper and gold intersections from previous campaigns. The agreement gives us the opportunity for new deposit discovery and/or small mine production potential. “We look forward to working on this project commencing early in the New Year,” Galileo CEO Colin Bird says. Galileo plans to review past exploration data and undertake… Read More Here

Energy Mining in Zambia

Vedanta to support Zambia on green energy transition goals

December 7, 2021January 25, 2022 admin

Natural resources company Vedanta intends to support the Zambian government in its green energy transition goals, it confirmed on December 7. This decision was bolstered by the steps already taken by the government, including the appointment of the country’s first Green Economy and Environment Minister Collins Nzovu in September, and is aligned to the further initiatives that have been presented, it said in a statement. Vedanta pointed out that demand for electricity in the country has been increasing over the last few years, while generation capacity remains stagnant, resulting in “instability in… Read More Here

Mining Careers Mining in Zambia

MULTIPLE POSITIONS | MINING CAREERS AT ZCCM-IH INVESTMENT HOLDINGS, LUSAKA, ZAMBIA

December 7, 2021December 7, 2021 admin

Apply now ZCCM Investments Holdings PLC is an investments holdings company with diversified interests in mining, energy, and other sectors of the Zambian economy. The Company’s majority shareholder is the Industrial Development Corporation Ltd (IDC), an investment company wholly owned by the Zambian Government and the rest of the shareholders include institutions and private shareholders spread across the world. The mission of the Company is to “to maximize shareholder value with due regard to the interests of all stakeholders”. In order to achieve this mission, the Company invites applications from… Read More Here

Copper International Mining in Zambia

Jubilee upbeat about outlook for copper, PGM markets

December 3, 2021January 24, 2022 admin

Metals processor Jubilee Metals Group sees a rosy outlook for the copper and platinum group metal (PGM) markets in the years ahead. “The outlook for copper, in particular, remains buoyant, with many predictions that 2030 will see a doubling in demand for copper. I for one, see the supply side being severely challenged, with Chile as a major contributor to the copper supply, being challenged technically and socially. “The large copper systems that are now in favour are few and far between and have a gestation period of some 12 years. The lack of big projects being developed will, to me, facilitate smaller copper production from both surface and underground mines,”… Read More Here

Taxes Mining in Zambia Mining tax

What do next year’s changes to the mining tax regime actually mean for Zambians?

November 30, 2021November 30, 2021 admin

Making Zambia a more attractive destination for investment is the number one shared priority of Zambia’s brightest financial brains. Investment in the country’s mining sector, in particular, has the enormous potential of putting Zambia back on a growth trajectory, with the direct economic benefits from new and expanded mining operations second only to the economic multiplier effects that can support and sustain generations of upwardly mobile Zambians, when the environment is right. Experts agree: Harnessing the potential of this critical sector requires that Zambia urgently implement global best practices, without… Read More Here

Mining Careers Mining in Zambia

ARTISAN, AIR CONDITIONING-AUTO ELECTRICAL | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

November 30, 2021November 30, 2021 admin

Requisition Number: JR4183| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Engineering Apply now Job Purpose To safely execute all maintenance repairs on all heavy equipment on site according to the prescribed standards while ensuring the safety of self and others Responsibilities Responsible for installing, inspecting, Maintaining and repairing air-conditioning and ventilating equipment. Design controls to make sure that air-conditioning and ventilating equipment operate efficiently and continuously. Perform regular maintenance work on cooling units. Diagnose electrical and mechanical defects and malfunctions Using tools and testing instruments. Install, replace or repair equipment that has been damaged due to… Read More Here

Mining Careers Mining in Zambia

COORDINATOR, ERT | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

November 30, 2021November 30, 2021 admin

Requisition Number: JR4208| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Healthy & Safety Apply now PURPOSE To assist in conducting professional and proactive emergency response training as well as Implementation of Emergency Response and fire operating procedures. KEY RESPONSIBILITIES Ensure established company Emergency Response practices and procedures are upheld. Undertake Fire risk assessments before commencement of works as required. Prepare Training programme on a monthly basis and report progress. Update all fire inspection records and procedures on the site. Ensure all regular fire inspections across the site are done within the scope Maintain emergency preparedness and… Read More Here

Mining in Zambia Economy Mining in DRC

HH, Tshisekedi hold talks in Kinshasa, agree to resolve trade barriers

November 24, 2021November 24, 2021 admin

Zambian President His Excellency Hakainde Hichilema held very fruitful bilateral talks with His Excellency Félix Antoine Tshisekedi Tshilombo in Kinshasa yesterday. Their talks centred around trade and investment and long-standing border issues between our two countries, which they agreed should be resolved harmoniously. They also agreed that trade and investment can be enhanced if they normalise border challenges. This would not only allow both countries to focus on the creation of business opportunities, but that such efforts would in turn improve livelihoods, health and education for the people of DRC… Read More Here