Mining in Zambia - Copperbelt Katanga Mining

Hot topics at the Investing in African Mining Indaba 2020

January 23, 2020January 23, 2020 arnbethnic

The 2020 Investing in African Mining Indaba is only two weeks away and is promising to be even bigger than last year’s 25th anniversary event. Attracting even more junior, mid-tier and major mining companies, investors as well as two heads of state, 35 African and five Non-African Ministers and providing a platform for increased connections, deal-making and investment opportunities. This year’s programme and discussions are focused on forging the future direction of the African Mining industry. Under the theme ‘Optimising Growth and Investment in the Digitised Mining Economy’, key topics… Read More Here

Copper International Mining in DRC Mining in Zambia Precious Metals

Global copper market to see another year of volatile prices

January 23, 2020January 23, 2020 arnbethnic

As we look to 2020, copper is faced with a finely balanced market. For now, positive investor sentiment around copper’s fundamentals is supporting higher prices. Stronger demand growth is underpinned by new semis capacity, while mine supply growth will be reliant on additions from both projects and existing mines. Wood Mackenzie highlights 5 key trends to watch in 2020 Meanwhile, the recent approval of new copper scrap re-categorisation standards in China could yet determine the mix of copper raw material imports into the country and influence global scrap dynamics. Red… Read More Here

Mining in Zambia Mining Personality

The First Zambian Training and Development Manager at FQM | Zambia

January 21, 2020January 21, 2020 arnbethnic

BRUCE CHIBENDA: FROM FARMER’S SON TO FQM TRAINING MANAGER He is the first-ever Zambian to take up the position of Training and Development Manager at any of First Quantum Minerals’ subsidiaries. Growing up as a young boy in the then mining town of Kabwe in the 1980s, Bruce Chibenda had no idea that he would one day hold a key position in one of the world’s biggest mining companies. Now 42-years-old, Mr Chibenda is the first-ever Zambian to take up the position of Training and Development Manager at First Quantum… Read More Here

Copper Mining in DRC Mining in Zambia Precious Metals

Copper juniors moving towards new area play

January 19, 2020January 19, 2020 arnbethnic

Area plays, where one company makes a discovery then other companies rush in to stake all around them, are at the very foundation of junior markets. Some noteworthy area plays are Hemlo in 1982, Eskay Creek in 1990, Lac de Gras in 1992, Voisey’s Bay in 1995 and the White Gold Rush in 2010. I alerted my readers to the developing gold rush in Canada’s Yukon Territory and said, in my opinion, buying Underworld Resources, Atac Resources and Kaminak Gold over the winter of 2009-10 and holding till fall 2010… Read More Here

Copper Mining in DRC Mining in Zambia

AfDB allocates €1.2 million to boost mining revenue in Africa

January 19, 2020 arnbethnic

The African Development Bank has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues. The Bank’s Regional Development, Integration and Business Delivery Complex approved the first-of its kind grant from the Transitional Support Facility for the project on Financial Modelling for the Extractive Sector (FIMES) in December. The project will be implemented in Africa’s transitional countries from 2020 to 2022. The FIMES project will train policymakers responsible for the extractive sector to realise greater returns from natural resource investments in their countries. The… Read More Here

Mining in Zambia Uranium

Gemfields seeking admission to London’s Aim market

January 19, 2020 arnbethnic

Gemstone miner Gemfields intends to seek admission to trade on the Aim market of the LSE. The company does not intend to raise capital in conjunction with the admission, which it expects will become effective on February 14. The company, which has its primary listing on the JSE, and a secondary listing on the Bermuda stock exchange, says the listing on the Aim will allow it “to access greater liquidity and international investors”. It will also allow UK investors access to a growing market and the opportunity to invest in… Read More Here

Copper Mining in Zambia

A South African Foundry company plans further expansion into Zambia

January 19, 2020January 19, 2020 arnbethnic

A South Africa-based foundry and engineering company Thos Begbie’s Zambian branch will expand its workshop into a fully equipped heavy machine and fabrication shop with fabrication facilities to cater for other industries. Thos Begbie Zambia MD Piet du Preez highlights this as the medium- to long-term vision for the company. The workshop was recently secured for its latest branch, near Kitwe. Du Preez notes that all the necessary permits have been obtained and the company registration is complete. “An investor’s certificate for establishing a business and investing in the economy… Read More Here

Copper Mining in DRC Mining in Zambia

The ten highest-grade copper mines in the world

January 18, 2020January 18, 2020 arnbethnic

Copper is one of Zambia’s most important exports and, in many ways, the lifeblood of our economy. Zambia is not alone in this, however. There are many countries in the world where copper is an important export and contributes to tax and employment, including Chile, Canada, Australia, and our neighbour, the Democratic Republic of Congo (DRC). The amount of copper to be found in a mine is important, but what is also central is the grade of copper. Generally speaking, the higher the grade of copper available, the more profitable… Read More Here

Copper Mining in Zambia

A Glimpse into the future of Chinese loan financing in Africa | Zambia’s spiraling debt offers

January 15, 2020January 15, 2020 arnbethnic

Zambia is already restructuring, renegotiating or refinancing its extensive Chinese project finance debt, and Chinese companies are playing hardball, according to new research. Southern Africa’s third-largest economy is under pressure from an impending breakdown of its power supply and its inability to pay for electricity imports, and is staring down the barrel of further defaults on construction project financing and bond payments. State power utility Zesco revealed last month that a supply shortfall reached 810 megawatts in November, with Zambia and neighboring Zimbabwe both suffering 20-hour per day power… Read More Here

Copper Mining in DRC Mining in Zambia Precious Metals

Copper price jumps to 8-month high

January 14, 2020January 15, 2020 arnbethnic

On Monday in New York, copper for delivery in March closed the day near $2.8640 a pound ($6,314 a tonne), an 8-month high and up 3% from 2019’s closing level. The US Treasury on Monday lifted China’s designation as a currency manipulator, paving the way for the signing on Wednesday of a phase-one trade deal with China. Radomiro Tomic copper mine in Chile. (Image courtesy of Codelco via Flickr) China consumes half the world’s copper, and the dispute with the US has weighed on the market for more than a… Read More Here