Mining in Zambia - Copperbelt Katanga Mining

Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle 1

Zambia is set to shut down its hydropower plant at Kariba Dam on September 14, limiting households and businesses to just three hours of electricity per day. Meanwhile, Zimbabwe has warned it may be forced to turn off turbines at its hydropower station by December due to dwindling water levels caused by an El Niño-induced drought. Both Zambia and Zimbabwe are grappling with the effects of severe drought, driven by climate change, which has led to a dramatic drop in water levels at Kariba Dam—the world’s largest man-made lake and… Read More Here

Mining in Zambia Mining in DRC New Mining Projects

Ivanhoe Mines Announces MOU with Govt of Zambia to Facilitate Exploration & Development Activities

September 10, 2024September 10, 2024 Constance

Lusaka, Republic of Zambia–(Newsfile Corp. – September 10, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that on August 26, 2024, a memorandum of understanding (MOU) was signed with the Ministry of Mines and Minerals Development (Ministry of Mines) of the Government of the Republic of Zambia to support Ivanhoe Mines in commencing exploration activities in the country. The signing ceremony was attended by the Minister of the Ministry of Mines and Minerals Development, Hon. Paul Kabuswe MP, and Permanent… Read More Here

Mining in Zambia Exploration Uranium

GoviEx to acquire 51% interest in Zambia exploration license

September 9, 2024September 9, 2024 Constance

TSX- and OTCQX-listed GoviEx Uranium has obtained an option to acquire a 51% interest in the Lundazi exploration licence from Stalwart Investments. This move is a key part of GoviEx’s strategy to expand its footprint in Zambia’s uranium sector. The Lundazi licence spans 817.9 km², an area notable for the Karoo Supergroup formations, which are known to host significant sandstone-based uranium deposits. This geological setting makes the Lundazi region a promising site for uranium exploration. The geology in Lundazi closely mirrors that of GoviEx’s ongoing Muntanga project, also located in… Read More Here

Mining in Zambia Copper

Arc Minerals and Anglo American Forge Ahead with Promising Copper JV in Zambia

September 9, 2024September 9, 2024 Constance

Arc Minerals, a base metals exploration and development company, has confirmed that its copper joint venture (JV) with Anglo American in Zambia is on track. Despite Anglo’s recent rejection of an all-share takeover bid from BHP, the company remains focused on copper, a key element in its new strategic direction. “It’s all about copper, and that’s the number one priority for Anglo and other major companies exposed to base metals,” said Nick von Schirnding, Arc Minerals’ director and executive chairman, in a recent interview. He described the JV project in… Read More Here

Mining in Zambia Copper Transport and Logistics

Trade Expert Applauds Agreement to Revitalize TAZARA Railway

September 9, 2024September 9, 2024 Constance

Trade expert Gilbert Nkamba has commended the recent tripartite agreement between Zambia, Tanzania, and China to upgrade and revitalize the TAZARA railway line. The railway, which connects Zambia’s Copperbelt mines to the Tanzanian port of Dar Es Salaam, was originally constructed in the 1970s but has since fallen into disrepair. Last week, President Hakainde Hichilema signed an agreement with his Chinese and Tanzanian counterparts to restore the line, with China committing $1 billion in investments to enhance the export of Zambia’s critical metals. “Revitalizing TAZARA will attract foreign direct investment… Read More Here

Mining in Zambia

ZEMA Reports Surge in Environmental Assessments Amid Rising Investments in Zambia

September 9, 2024September 9, 2024 Constance

The Zambia Environmental Management Agency (ZEMA) has announced a substantial increase in environmental assessments, with the Environmental Assessment Committee (EAC) evaluating 125 projects valued at US$563 million in August alone. Mining and mineral processing projects dominated the evaluations, accounting for 64 of the projects. This was followed by infrastructure development with 22 projects, and the energy sector with 21 projects. In terms of investment value, the manufacturing and processing sector led the way, contributing US$347 million from 16 projects. The energy sector followed with investments totaling US$147 million, while mining… Read More Here

Mining in Zambia Copper Economy

Mining Local Content Bill Set to Boost Economic Opportunities for Zambians

September 8, 2024September 8, 2024 Constance

Vice President Mutale Nalumango has emphasized that the implementation of the Mining Local Content Bill will bring significant economic benefits to all Zambians. Speaking at the Mining Local Content Conference and Expo in Kitwe, organized by the Zambia Association of Manufacturers (ZAM), Mrs. Nalumango stated that the bill will ensure that the wealth generated from Zambia’s natural resources leads to job creation and sustainable economic growth. Mines Minister Paul Kabuswe added that the bill is 90 percent complete and that legislation will soon be finalized. He noted that once implemented,… Read More Here

Mining in Zambia Copper

Ming’omba Mine Launches Scholarships to Foster AI Talent in Zambia

September 8, 2024September 8, 2024 Constance

The newly inaugurated Ming’omba Mine in Chililabombwe, owned by KoBold Metals, is offering ten scholarships in data science and exploration geography for Zambian students. In collaboration with Stanford University, Copperbelt University, and the University of Zambia (UNZA), KoBold Metals has developed this new program as part of its initiative to integrate artificial intelligence into mineral exploration. KoBold Metals aims to combine advanced exploration technologies with Zambian expertise to discover world-class mineral deposits. The Ming’omba site has already revealed substantial copper reserves, touted as the largest copper find in Zambia in… Read More Here

Mining in Zambia Transport and Logistics

Zambia, Tanzania, and China Sign Agreement to Revitalize TAZARA Railway

September 8, 2024September 8, 2024 Constance

President Hakainde Hichilema has signed a historic agreement with his Tanzanian and Chinese counterparts to revitalize the TAZARA railway, a crucial step in boosting Zambia’s copper exports via Tanzania. This upgrade is expected to increase mining revenue and create jobs throughout the supply chain. The agreement was formalized during the Forum on China-Africa Cooperation in Beijing, marking the most significant upgrade to the railway since its initial construction in the 1970s, a joint effort by Chinese Premier Mao Zedong and Zambia’s founding President Kenneth Kaunda. The TAZARA line connects Zambia’s… Read More Here

Mining in Zambia Energy Green Energy

ZESCO’s Chisamba Solar Project Hits Key Milestones in Zambia’s Energy Shift

September 8, 2024September 8, 2024 Constance

ZESCO’s 100-megawatt solar project in Chisamba is making steady progress as part of Zambia’s broader strategy to diversify its energy supply and build a more climate-resilient energy system. Located in Kafungalubala village, within Chief Chaamuka’s area in Chisamba district, the project is a significant step towards reducing Zambia’s reliance on hydroelectric power. As of August 3, 2024, substantial progress has been made on the project. A total of 120 hectares of land has been cleared, fencing has been installed, and the main access road to the plant has been constructed.… Read More Here