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Category: Mining in Zambia

ZESCO and POWERCHINA Sign MoUs to Boost Zambia's Solar Energy Capacity 1 Mining in Zambia Energy 

ZESCO and POWERCHINA Sign MoUs to Boost Zambia’s Solar Energy Capacity

Constance
In a major step towards enhancing Zambia’s renewable energy capacity, ZESCO has signed three Memoranda of Understanding (MoUs) with the Power Construction Corporation of China (POWERCHINA) for the development of solar power projects across the country. The agreements, signed during a ceremony attended by President Hakainde Hichilema and POWERCHINA Chairman Ding Yanzhang, include three critical initiatives: 1.A Framework Cooperation Agreement for the supply, delivery, and installation of rooftop solar systems in Zambia. 2.An Engineering, Procurement, and Construction (EPC) agreement for a 100-megawatt solar photovoltaic power plant at Kariba North. 3.An… Read More Here
Zambia Faces Severe Power Deficit Amid Prolonged Drought 2 Mining in Zambia Electricity 

Zambia Faces Severe Power Deficit Amid Prolonged Drought

Constance
Zambia is grappling with a worsening power deficit of 1,510 megawatts (MW), despite an installed capacity of over 3,777 MW. This shortfall has persisted despite efforts to import electricity, as the country’s drought-stricken conditions have severely impacted its hydroelectric generation capacity. As a result, consumers, particularly households, are experiencing only three hours of electricity daily. The country has faced sustained power shortages since March 2024, after an El Niño-induced drought drastically reduced water levels in key reservoirs, including the 66-year-old Kariba Dam, which now holds less than 1.3 meters of… Read More Here
ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion 3 Mining in Zambia Copper Mining tax Zinc 

ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion

Constance
The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion. Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes. The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme. After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution… Read More Here
OPTIMIZING OPERATIONS, MAXIMIZING PROFITS: DGC AFRICA'S AIM SEMINAR 4 Sponsored Content Mining in Zambia 

OPTIMIZING OPERATIONS, MAXIMIZING PROFITS: DGC AFRICA’S AIM SEMINAR

arnbethnic
Zambia – September 2024In an era of rapid technological advancement and evolving market dynamics, the African mining industry stands at a pivotal juncture. The need for robust Asset Integrity Management (AIM) has emerged as a critical factor in maintaining competitiveness and ensuring sustainable operations. Recognizing this imperative, DGC AFRICA is proud to announce a landmark seminar dedicated to exploring cutting-edge AIM strategies and solutions.The Critical Role of Asset Integrity ManagementAsset Integrity Management is no longer a luxury but a necessity in modern mining operations. It encompasses a holistic approach to… Read More Here
DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports 25 Transport and Logistics Angola Mining in DRC Mining in Zambia 

DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports

Constance
The Development Bank of Southern Africa (DBSA) has approved up to $200 million in financing for the Lobito Corridor rail project, a US-backed initiative aimed at transporting critical minerals from Central Africa’s Copperbelt to the Atlantic port in Angola. Mpho Mokwele, DBSA’s Executive for Transacting, emphasized the project’s importance in supporting the global energy transition by facilitating the export of minerals essential for renewable energy technologies. “The Lobito Corridor is set to become the most competitive route for exporting these minerals, offering significant cost and time savings for exporters,” Mokwele… Read More Here
CKM EMAGAZINE SEPTEMBER – OCTOBER 2024 EDITION (PDF FORMAT) 26 CKM eMagazine Mining in DRC Mining in Zambia 

CKM EMAGAZINE SEPTEMBER – OCTOBER 2024 EDITION (PDF FORMAT)

arnbethnic
Just in case you have not yet receive the September– October 2024 edition of the CKM eMagazine, Here’s your free copy and don’t forget to share with your colleagues who might not only need this but would also benefit from the quality news and professional information provided in this special edition. The CKM eMagazine is massively distributed digitally reaching top decision makers in all the mining houses in Zambia and the DRC. We have over 115,000 followers on LinkedIn with over 65,000 CKM Newsletter subscribers with over 1,000,000 organic impressions . This Sept-October 2024 edition will be distributed massively at Electra Mining Africa 2024 in Johannesburg, South… Read More Here
Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal 27 Mining in Zambia Exploration 

Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal

Constance
Midnight Sun Mining Corp. (TSXV: MMA) saw its shares drop sharply late Thursday following the Zambian government’s rejection of its application to renew the exploration license for the Kazhiba target, part of its flagship Solwezi project. Kazhiba is one of three key targets within Midnight Sun’s 506 km² property in Zambia, which has already yielded significant copper discoveries. The area is underlain by a previously undiscovered basement dome similar to those found at First Quantum’s Kansanshi mine, a major copper producer in the region. These basement domes are believed to… Read More Here
Zambia's Ministry of Mines and Ivanhoe Forge Strategic MoU 28 Mining in Zambia Mining in DRC Partnership 

Zambia’s Ministry of Mines and Ivanhoe Forge Strategic MoU

Constance
The Zambian government has taken a major step to enhance its mining sector by signing a Memorandum of Understanding (MoU) with Ivanhoe Mines. The agreement, facilitated by the Ministry of Mines and Minerals Development, is designed to drive growth and development within the country’s vital mining industry. During the signing ceremony, Mines Minister Paul Kabuswe expressed optimism about the collaboration, emphasizing the potential benefits for Zambia’s mining sector. He praised Ivanhoe’s strong investment record across Africa, highlighting the company’s expertise as a valuable asset for Zambia’s mineral resource development. Hapenga… Read More Here
Zambia to Launch National Critical Minerals Strategy 29 Mining in Zambia Copper 

Zambia to Launch National Critical Minerals Strategy

Constance
The Zambian government will launch its National Critical Minerals Strategy on Thursday, August 29, aimed at preventing the export of raw minerals and promoting value addition. Mines and Mineral Development Minister Paul Kabuswe announced that the strategy will set regulations for mineral processing, ensuring value is added before export. The government also plans to increase mineral production to 3 million metric tons annually by 2031. Kabuswe’s remarks were delivered by Ministry of Mines Permanent Secretary Hapenga Kabeta at the 2024 Zambia Alternative Mining Indaba in Lusaka. Publish What You Pay… Read More Here

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