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Category: Mining in Zambia

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia 1 Mining in Zambia Corporate News Economy Gold 

Kansanshi Mine to Ensure Steady Gold Supply to Both Royal Gold and Bank of Zambia

Constance
Kansanshi Mine Renews Gold Supply Agreement with Bank of Zambia While Honoring $1 Billion Deal with Royal Gold Kansanshi Mining Plc, a subsidiary of First Quantum Minerals (FQM), has reaffirmed its commitment to strengthening Zambia’s gold reserves by renewing its Memorandum of Understanding (MoU) with the Bank of Zambia (BOZ) for the continued sale of gold dore. This milestone was marked by a formal signing ceremony held today, signaling the continuation of a strategic partnership that dates back to 2020. The renewal comes at a time when Kansanshi is also… Read More Here
FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold 2 Mining in Zambia Corporate News Gold 

FQM Announces $1 Billion Gold Streaming Agreement with Royal Gold

Constance
First Quantum Minerals Enters $1B Gold Streaming Agreement with Royal Gold to Boost Liquidity and Maintain Copper Exposure at Kansanshi Mine First Quantum Minerals Ltd. has announced that it has entered into a gold streaming agreement (the “Agreement”) with RGLD Gold AG, a wholly owned subsidiary of Royal Gold, Inc. (“Royal Gold”), through a wholly owned Canadian subsidiary. Under the terms of the Agreement, First Quantum will receive a $1.0 billion upfront cash payment in exchange for future gold deliveries linked to copper production at the Kansanshi Mine in Zambia… Read More Here
Jubilee Metals Makes Major Strides in Zambian Copper Expansion 3 Mining in Zambia Copper Corporate News Economy 

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

Constance
Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here
Zambia Unveils Critical Mineral Prospects and Milestones 4 Critical Minerals Mining in Zambia 

Zambia Unveils Critical Mineral Prospects and Milestones

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Zambia’s Ministry of Mines and Minerals Development has outlined the vast critical mineral opportunities available across the country in a report released in collaboration with the British Geological Survey. Covering strategic minerals such as copper, cobalt, manganese and more, the report underscores the instrumental role the country already plays in global supply chains. The report comes ahead of African Mining Week (AMW) – Africa’s premier gathering for mining stakeholders. Taking place October 1-3 in Cape Town, the event will feature a dedicated panel on Zambia, titled Zambia: Accelerating Exploration and Development Through License Allocation. The… Read More Here
Kansanshi Mining Earns Second Place in Zambia’s 2025 National First Aid Competition 5 Mining in Zambia Corporate News Safety & Health 

Kansanshi Mining Earns Second Place in Zambia’s 2025 National First Aid Competition

Constance
Kansanshi Mining Places Second in Zambia’s 2025 Inter-Company First Aid Competition, Showcasing Safety Excellence Kansanshi Mining PLC secured a commendable second place at the 2025 Zambia Chamber of Mines Inter-Company First Aid Competition, underscoring its steadfast commitment to workplace health and safety. The prestigious event was hosted by Mopani Copper Mines at Nkana Stadium in Kitwe under the theme “First Aid in a Digital World.” A total of 21 companies participated, showcasing advanced life-saving skills and innovative safety practices. Despite the challenge of fielding an entirely new team—per regulations requiring… Read More Here
FQM Eyes Gold Streaming from Zambia Mines to Strengthen Balance Sheet 6 Mining in Zambia Corporate News Gold 

FQM Eyes Gold Streaming from Zambia Mines to Strengthen Balance Sheet

Constance
First Quantum Considers Gold Pre-Payment Deal to Bolster Finances Amid Zambia, Panama Mine Challenges Canadian mining firm First Quantum Minerals is evaluating a gold pre-payment or streaming deal tied to its Zambian operations as a way to strengthen its balance sheet, Chief Financial Officer Ryan MacWilliam told analysts on Thursday. The move comes as the company seeks alternative funding avenues beyond a minority stake sale in its Zambian assets. Last year, First Quantum had explored selling a minority interest in its Kansanshi and Sentinel mines in Zambia. While that option… Read More Here
IMF Releases $184 Million to Zambia Under Extended Credit Facility After Positive Fifth Review 7 Mining in Zambia Economy 

IMF Releases $184 Million to Zambia Under Extended Credit Facility After Positive Fifth Review

Constance
IMF Approves Fifth Review of Zambia’s Credit Program, Unlocking $184 Million Disbursement The International Monetary Fund (IMF) Executive Board has completed the fifth review of Zambia’s 38-month Extended Credit Facility (ECF), approving an immediate disbursement of SDR 139.88 million (approximately US$184 million). This brings the total disbursements under the program to SDR 1.13 billion (around US$1.55 billion). Launched in August 2022, the ECF-supported program is designed to help Zambia restore macroeconomic stability, ensure debt sustainability, and foster inclusive economic growth. The IMF described Zambia’s progress under the program as “broadly… Read More Here
Mining Industry’s Contribution to Energy Sector Paves Way for Renewable Power Integration and Investment 8 Mining in Zambia Corporate News Energy Press Release 

Mining Industry’s Contribution to Energy Sector Paves Way for Renewable Power Integration and Investment

Constance
In order to stabilise the 330kV electricity network in Zambia’s North-Western Province, ZESCO, along with partners FQM and Barrick, is embarking on a major initiative to strengthen and modernise the region’s power infrastructure. The project, the result of a collaborative effort between ZESCO, FQM, Barrick and technical partners ADC and Zutari, is aimed at developing and implementing a robust solution for the long-term stability and reliability of the electricity network, which is crucial for supporting the expanding mining operations in the region. FQM will be implementing the first phase of… Read More Here
FQM REPORTS Q2 RESULTS AND S3 PROJECT COMPLETION  9 Mining in Zambia Corporate News New Mining Projects 

FQM REPORTS Q2 RESULTS AND S3 PROJECT COMPLETION 

Constance
The development of First Quantum Minerals’ Kansanshi S3 expansion project in North-Western Province is nearing completion, with first copper production forecast for the second half of this year. The update comes as FQM announced its global financial and operating results for the second quarter of 2025, reporting gross profits of US$351 million for the second quarter, a 6 percent increase compared to the previous quarter, attributed to higher copper and gold prices. FQM’s total copper production worldwide for the second quarter was 91,069 tonnes, a 9 percent decrease from the… Read More Here
Zambia Unveils First-Ever Critical Minerals Guide to Accelerate Green Economy Investment 10 Mining in Zambia Battery Metals 

Zambia Unveils First-Ever Critical Minerals Guide to Accelerate Green Economy Investment

Constance
Zambia Launches Landmark Critical Minerals Guide to Attract Clean Energy Investment and Drive Global Green Transition Zambia has launched its first comprehensive guide to critical minerals, marking a significant milestone in the country’s strategy to become a key player in the global clean energy transition. The publication, titled Critical Minerals Potential of Zambia, highlights both existing and prospective mineral resources—such as cobalt, lithium, copper, graphite, and others—essential for decarbonising global energy systems. This landmark guide is the result of a collaborative effort between the Zambian Ministry of Mines and Minerals… Read More Here

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