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Category: Mining in Zambia

China to Assist Zambia in Resolving Power Deficit 1 Mining in Zambia Electricity 

China to Assist Zambia in Resolving Power Deficit

Constance
China is set to address Zambia’s power deficit caused by drought-induced hydropower generation shortfalls. Chinese Ambassador to Zambia, Han Jing, announced that during the Forum on China-Africa Cooperation (FOCAC) summit from September 4 to 6, 2024, a special Zambia Power Development Forum will be held in Beijing. The forum aims to explore solutions for Zambia’s persistent power shortages and will feature discussions among Chinese and Zambian stakeholders from the power and financial sectors. Ambassador Han highlighted that over the past 25 years, China has invested significantly in power infrastructure, including… Read More Here
ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd 2 Mining in Zambia Copper Mergers & Acquisitions 

ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd

Constance
28th August 2024, Lusaka, Zambia – ZCCM Investments Holdings PLC (ZCCM-IH) has secured a deal with Jinchengxin Mining Management Company Ltd (JCHX) to acquire an additional 10% stake in Lubambe Copper Mines Ltd (Lubambe) for $1. This transaction will raise ZCCM-IH’s ownership in Lubambe from 20% to 30%, while JCHX’s stake will decrease from 80% to 70%. The deal is expected to be completed within six months. With this increased shareholding, ZCCM-IH will gain marketing rights to copper ore concentrate output proportional to its ownership. This is a groundbreaking move… Read More Here
Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company 3 Mining in Zambia Hydro power plant Partnership 

Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company

Constance
Jubilee Metals Group, a diversified metals producer listed on the AIM, has signed a three-year power purchase agreement (PPA) with Lunsemfwa Hydro Power Company (LHPC), an independent producer of hydropower and solar energy in Zambia. The PPA guarantees that the power needs of Jubilee’s Roan concentrator facility and Sable refinery will be met continuously at competitive rates starting September 1. Additionally, Jubilee has the option to acquire up to 10 MW of solar-generated power at rates discounted by over 30% from the initial PPA terms. This agreement secures the company’s… Read More Here
Tanzania and Zambia to Assess Costs for Joint Pipeline Expansion Project 4 Mining in Zambia Oil & Gas 

Tanzania and Zambia to Assess Costs for Joint Pipeline Expansion Project

Constance
A contractor has been assigned to conduct a feasibility study aimed at expanding the capacity of the Tanzanian-Zambia Crude Oil Pipeline, commonly known as the Tazama Pipeline. The goal is to increase its capacity to transport 5 million tonnes of crude oil annually. The Tazama Pipeline, built in 1968, currently has a capacity of 800,000 tonnes, which no longer meets the demands of Tanzania and Zambia, necessitating the upgrade. According to the Tanzanian newspaper The Citizen, Davison Thawethe, Managing Director of Tanzania Pipeline Limited, stated that the cost of the… Read More Here
Zambia Signs Agreement for 50 MW Solar Plant in Kafue 5 Mining in Zambia Energy 

Zambia Signs Agreement for 50 MW Solar Plant in Kafue

Constance
Dr. Francesca Chisangano Zyambo, Permanent Secretary Administration at the Ministry of Energy, has signed an Implementation Agreement with Wendit Group for the construction of a 50 MW solar plant in Kafue Town, Lusaka. Wendit Group CEO, Mr. Erich Horlacher, expressed his appreciation to the Zambian government and the Ministry of Energy for their steadfast support and commitment to advancing sustainable energy solutions. “The 50 MW solar plant marks a major advancement in Zambia’s energy sector. This project will provide clean, renewable energy, reduce dependence on fossil fuels, cut carbon emissions,… Read More Here
Southern Africa’s Railways Surge with Global Investment Amid Copper Boom 6 Mining in Zambia Copper Mining in DRC Transport and Logistics 

Southern Africa’s Railways Surge with Global Investment Amid Copper Boom

Constance
Southern Africa’s railways are garnering international attention and attracting billions of dollars in investment, driven by the race to secure copper supplies essential for the energy transition. From Angola on the west coast to Tanzania on the east, governments and investors are poised to revive long-neglected rail lines and construct new ones. This surge in demand is largely fueled by the central African copperbelt shared by Zambia and the Democratic Republic of Congo. “We’re at a historic turning point,” said Babe Botana, Executive Director of the Southern African Railways Association.… Read More Here
Zambia Development Agency Secures $8.9 Billion in Investments 7 Mining in Zambia Economy 

Zambia Development Agency Secures $8.9 Billion in Investments

Constance
The Zambia Development Agency (ZDA) has successfully realized $8.9 billion in investments from 2021 to 2024, as announced by ZDA Director General, Mr. Albert Halwampa, during a media briefing held on Friday, August 23, 2024, at the ZDA Boardroom. Of the total committed investment of $54 billion, 440 companies have contributed to this substantial achievement, resulting in an actualization rate of 113%. The investments cover various sectors, with mining leading the way at $3.34 billion, followed closely by manufacturing at $3.10 billion, and transport at $1.2 billion. “This remarkable success… Read More Here
FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy 8 Mining in Zambia Copper Economy 

FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy

Constance
Hon. Elias Mubanga, Minister of Small and Medium Enterprise Development, has commended FQM Trident Limited for its ongoing efforts to support small and medium enterprises (SMEs) in Zambia’s Northwestern Province. Speaking at the Kalumbila Business Clinics, Hon. Mubanga highlighted the crucial role SMEs play in Zambia’s economy and urged other large corporations, especially in the mining sector, to follow FQM’s example in empowering local businesses. “SMEs are the backbone of our economy, and it is essential that major firms, particularly in the mining industry, actively contribute to the growth and… Read More Here
Swedish Energy Agency Eyes Investment in Zambia's Growing Renewable Energy Sector 9 Mining in Zambia Energy 

Swedish Energy Agency Eyes Investment in Zambia’s Growing Renewable Energy Sector

Constance
The Swedish Energy Agency has expressed strong interest in exploring investment opportunities in Zambia’s renewable energy sector, recognizing the country’s vast potential in green energy and energy efficiency initiatives. This development follows a high-level meeting between Zambia’s Ministry of Green Economy and Environment and a Swedish delegation led by SPAR6C Zambia Team Lead, Mr. Joachim Schnurr. During the meeting at the Industrial Development Corporation (IDC) offices in Lusaka, Mr. Schnurr commended Zambia’s significant progress under the SPAR6C program—a German government-funded initiative that helps countries like Zambia engage in the global… Read More Here
Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival 10 Mining in Zambia Copper Economy 

Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival

Constance
Mopani Copper Mines has successfully produced its first 200 tonnes of copper anodes since its revitalization under new equity partner, International Resources Holdings (IRH). The company was officially handed over to IRH in March this year by President Hakainde Hichilema. Mopani Copper Mines CEO, Charles Sakanya, announced that significant transformations have taken place since the revival. In the past three months, 400 professionals have been hired to enhance productivity. The mine has also doubled its shifts, resulting in a notable increase in production. Current copper output stands at 65,000 tonnes,… Read More Here

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