Mining in Zambia - Copperbelt Katanga Mining

Zambia’s largest IPP is transforming the face of Maamba 1

The contribution of around 10% to the country’s electricity generation capacity has a huge impact on energy security and the country’s economy in general. For Maamba Collieries Limited (MCL), however, efforts do not stop there. MCL’s sponsors and management know that no company can be successful unless the community around it shares that success. To live up to this vision, the company founded the Maamba Development Trust (MDT), whose motto is: “Making a Difference …” The aim is to promote social and economic development in Maamba, Sinazongwe District and… Read More Here

Gemfields lists on London Stock Exchange

February 19, 2020February 19, 2020 arnbethnic

The Gemfields Group, which, in collaboration with the Zambian government, owns the Kagem Emerald Mine in Lufwanyama, has returned to trade and listed its shares on the AIM market of the London Stock Exchange on February 14, 2020 after 3 years. The listing is the latest demonstration of Gemfields’ ethos of transparency, legitimacy, and integrity that allows a wider reach of international investors to directly participate in Gemfields, which owns 75% of the Kagem Emerald concession in Lufwanyama, with 25% in Government owned by the Industrial Development Corporation (IDC). Sean… Read More Here

International Mining in DRC Mining in Zambia

More heads to roll at Glencore this year

February 19, 2020February 19, 2020 arnbethnic

Mining and commodities trader Glencore (LON: GLEN) is planning more management changes this year as it makes the transition towards a new, younger generation of leaders. The Swiss giant has faced growing investor concern about climate change due to its heavy presence in the thermal coal market (it’s the world’s largest supplier of the fossil fuel). That, together with multiple corruption and bribery investigations, as well as a steep decline in the kind of coal it produces, has prompted Glencore to speed up planned changes at the top. CORRUPTION AND BRIBERY PROBES, FALLING COMMODITY… Read More Here

Mining in Zambia

Coronavirus stalled First Quantum’s Zambian stake sale talks

February 17, 2020February 17, 2020 Copperbelt Katanga News

The coronavirus has temporarily derailed talks to sell a minority stake in First Quantum Mineral’s Zambian operations, company executives said. The virus outbreak is preventing face-to-face meetings with potential Chinese buyers, postponing a sale that’s key to the Vancouver-based First Quantum’s $2-billion debt-reduction plan, the copper miner said during its fourth-quarter earnings call. Concerns that the virus outbreak will slow demand in China, the largest consumer of most commodities, have rattled markets around the world. That sent copper prices tumbling, highlighting the need for miners to hedge against volatility. The… Read More Here

Emeralds Mining in Zambia

Zambia-Vedanta row escalates, minister calls company “criminal”

February 11, 2020February 11, 2020 Copperbelt Katanga News

Zambia has continued its attacks on miner Vedanta, owned by Indian mining magnate Anil Agarwal, saying the company has been involved in criminal activities, including underpaying taxes and breaking investment promises. “Zambia is a victim and it needs support,” mining minister Richard Musukwa told delegates at the African mining indaba in Cape Town, the continent’s largest gathering of professionals from the resource extraction sector. “We deserve African and international support to make sure Vedanta pays the price.” He was referring to a bitter row with the mining company that broke… Read More Here

Mining in Zambia

LOCAL AND INTERNATIONAL INVESTORS TAKE KEEN INTEREST IN OPERATIONS OF CHAMBESHI METALS……

February 6, 2020February 6, 2020 Copperbelt Katanga News

Government says a number of local and international investors have expressed interest in taking over operations of Chambeshi metals which was placed under care and maintenance. Mines Minister Richard Musukwa says the firm has since been directed to resume operations in the next three months. He was speaking in Johannesburg, South Africa , en-route to Cape town where is leading a team of officials from Zambia Revenue Authority, ZCCM- IH and Ministry of Mines to this year’s mining conference. Mr. Musukwa said government rejected the plan by the mining firm… Read More Here

Mining in Zambia

Mining Investments in Zambia Should be Mutually Beneficial – Mines Minister

February 5, 2020February 7, 2020 Copperbelt Katanga News

…as He calls for the protection of people living in mining activity areas. Minister of Mines and Minerals Development Hon Richard Musukwa has called for mining investments to be mutually beneficial for Africans and Zambians in particular. Hon Musukwa notes that in as much as mining investors also want to make profit, there is need to ensure that there is a win-win situation for everyone being involved in the business. The Minister was speaking at the Africa Mining indaba in Cape Town South Africa during a panel discussion where various… Read More Here

Energy Hydro power plant Mining in DRC Mining in Zambia

DRC, ZAMBIA MOVE TO DEVELOP LUAPULA POWER PLANT

February 5, 2020February 5, 2020 Copperbelt Katanga News

Harare – The Democratic Republic of Congo (DRC) and Zambia’s plan to develop a hydro power plant at the Luapula river has made progress, following the two country’s move to embark on a pre-feasibility study that will determine the next phase of the project. In 2015, the governments of Zambia and DRC signed an inter-governmental memorandum of understanding that gave birth to the idea of constructing a 1 000 MW power station at the Luapula River that will boost power supply to the two countries. Originally, the Luapula project… Read More Here

Cobalt Iron Mining in DRC Mining in Zambia

Global Cobalt Market 2020 BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc, Sherritt International

January 24, 2020January 24, 2020 arnbethnicCobal Markets, Cobalt, Copper, Zambia

The research document entitled Cobalt by Market Research Store intends to reveal various facets of the global market with the assistance of the key elements influencing the market, the constraints, and the difficulties that could stop the market development. The Cobalt report provides a thorough assessment for the people seeking for their business growth on both local and global level as well as producers, newcomers in the industry, professional association, private businesses, and commercial marketers. Download Free Sample Cobalt Report: http://www.marketresearchstore.com/report/global-cobalt-industry-market-report-2019-industry-analysis-614076#RequestSample The Leading players mentioned in the Cobalt Market: BHP Billiton, Eramet, Rubamin, Glencore Xstrate plc,… Read More Here

Copper Emeralds International Mining in Zambia

Lookout for These Five Copper Price Trends in 2020

January 24, 2020January 24, 2020 arnbethnic

Looking ahead to 2020, copper is facing a very balanced market. Investors’ positive sentiment regarding copper fundamentals is currently supporting higher prices, Wood and Metal Mining research and advisory group Wood Mackenzie said in a research note on Wednesday. The stronger growth in demand will be underpinned by new semi-finished product capacities, while the growth of the mine supply will depend on both projects and existing mines. The recent approval of new standards for re-categorizing copper scrap in China could determine the mix of copper raw material imports into the… Read More Here