Mining in Zambia - Copperbelt Katanga Mining

Zambia Seeks EU Support to Strengthen Mining and Economic Development

December 11, 2024December 11, 2024 Constance0 comment

Zambia’s Minister of Mines and Mineral Development, Hon. Paul Kabuswe, has called on the European Union (EU) to bolster its support for Zambia’s mining sector and overall economic growth. The Minister made the appeal during a bilateral meeting with EU International Partnership Commissioner Jozef Sikela in Brussels. Hon. Kabuswe emphasized Zambia’s political stability, adherence to the rule of law, and peaceful environment as key factors in attracting European investors. He highlighted the mining sector’s impressive $10 billion investment growth over the past three years and acknowledged the EU’s valuable contributions… Read More Here

Mining in Zambia

ZCCM-IH Invests $10 Million in Zambia’s Groundbreaking Green Bond Initiative

December 8, 2024December 8, 2024 Constance0 comment

ZCCM Investments Holdings PLC (ZCCM-IH) has committed $10 million (ZMW275 million) to the second tranche of the CEC Renewables Limited Green Bond. This tranche, targeting $96.7 million, will finance the 136MW Itimpi-2 solar project, expanding the capacity of the existing 60MW Itimpi-1 solar photovoltaic (PV) plant. Dr. Ndoba Vibetti, ZCCM-IH CEO, highlighted the investment’s alignment with the company’s sustainability objectives. “Our mission is to create tangible wealth sustainably for the benefit of the Zambian people and stakeholders. This green bond financing for solar projects supports that mission while addressing the… Read More Here

Mining in Zambia Angola Mining in DRC Transport and Logistics

U.S. Investment Boosts Africa’s Strategic Rail Link for Mining and Economic Growth

December 6, 2024December 6, 2024 Constance0 comment

The Lobito Corridor is set to become the largest American investment in African railways, according to US President Joe Biden. This strategic railway link, connecting the Democratic Republic of Congo (DRC) and Angola, is poised to transform the transportation of essential metals used in vehicle manufacturing and wind turbines from mining sites to the port. Stretching 1,344 kilometers, the Lobito Corridor is designed to facilitate the transport of critical minerals, including copper and cobalt, which are vital for the global energy transition. The DRC, responsible for 70% of the world’s… Read More Here

Mining in Zambia Angola Governance Mining in DRC Transport and Logistics

US President Joe Biden Announces $560 Million Funding for Lobito Trans-African Corridor

December 6, 2024December 6, 2024 Constance0 comment

On Wednesday, December 4, 2024, US President Joe Biden unveiled more than $560 million in funding for the Lobito Trans-African Corridor, during a meeting in Lobito with Angolan President João Lourenço, DRC President Félix Tshisekedi, Zambian President Hakainde Hichilema, and the Vice President of Tanzania. The project, designed to connect the mining basins of the Democratic Republic of Congo (DRC) and Zambia to the port of Lobito, is crucial for transporting key natural resources such as copper and cobalt. President Biden emphasized that the Lobito Corridor represents a transformative opportunity… Read More Here

Events & Expos Mining in DRC Mining in Zambia Transport and Logistics

Félix Tshisekedi Highlights Strategic Importance of the Lobito Corridor for Regional Prosperity

December 6, 2024December 6, 2024 Constance0 comment

The President of the Democratic Republic of Congo (DRC), Félix Tshisekedi, emphasized the strategic significance of the Lobito Corridor during a multilateral meeting in Benguela, Angola, on Wednesday, December 4, 2024. This corridor, linking the DRC, Zambia, and Angola, is set to become a vital trade route, aiming to transport up to 20 million tonnes of goods annually by 2030. Tshisekedi highlighted its potential to drive economic development, particularly in the DRC’s copper and cobalt sectors, which are crucial to the global energy transition. “The Lobito Corridor, designed to transport… Read More Here

Mining in DRC Copper Mining in Zambia

Zambia-DRC Officials Visit Kamoa Copper to Advance Development

December 6, 2024December 6, 2024 Constance0 comment

On Thursday, November 21, 2024, Kamoa Copper SA welcomed Zambia’s Minister of Infrastructure, Housing, and Urban Development, Engineer Charles Milupi, alongside Her Excellency the Governor of Lualaba, Madam Fifi Masuka Saini. They were accompanied by the Provincial Minister of Infrastructure, Mr. Moise Mukepe Kahilu, and a delegation of Congolese and Zambian officials during a significant site visit. The visit coincided with the signing of a memorandum of understanding (MoU) between Zambia and the Democratic Republic of Congo (DRC) for the construction of the 145-kilometer Kolwezi–Lumwana road. This crucial infrastructure project… Read More Here

Mining in Zambia Copper Exploration New Mining Projects

Patriot Lithium Secures Major Stake in Zambia’s Kitumba Copper Exploration License

December 5, 2024December 5, 2024 Constance0 comment

Australian mining company Patriot Lithium has reached an agreement with Newlight Nominees Zambia to acquire a 90% stake in the Kitumba Copper Large Scale Exploration License. The 255 km² license is strategically situated near Sinomine’s newly inaugurated $600 million Kitumba Copper Mine, which boasts an annual production capacity of 50,000 tons. This proximity positions Patriot to capitalize on a region with established mining infrastructure and proven copper potential. Patriot Lithium paid an initial $25,000 signing fee and has a 12-month window to establish a Special Purpose Vehicle (SPV) to complete… Read More Here

Mining in Zambia Copper Economy

FQM Signs New Agreement with Unions to Enhance Salaries and Benefits for 2025-2026

December 5, 2024December 5, 2024 Constance0 comment

First Quantum Minerals (FQM), through its subsidiaries Kansanshi Mining and FQM Trident, has signed a new agreement with six major unions to improve employee salaries and benefits for the years 2025 and 2026. Under the new agreement, eligible workers will receive a 15% salary increase starting in January 2025, followed by an additional 15% raise in 2026. . The deal also includes improved allowances for education and leave, enhanced pension contributions, and better rewards for long service. The unions involved in the agreement are the National Union of Miners and… Read More Here

Mining in Zambia Copper Economy Infrastructural Development

FQM Partners with Zambian Govt to Upgrade Mutanda-Kaoma Road for Economic Growth

December 5, 2024December 9, 2024 Constance0 comment

First Quantum Minerals (FQM) has partnered with the Zambian government to upgrade the 371-kilometre Mutanda-Kaoma road, a vital route for transporting materials and copper products to the ports of Walvis Bay and Durban. The initiative aims to improve Zambia’s road infrastructure, which is critical for strengthening the mining sector and driving economic growth. FQM Country Manager Dr. Godwin Beene highlighted the project’s alignment with Vision 2030 and the Eighth National Development Plan (8NDP). He emphasized its potential to enhance logistics efficiency, promote rural development, and unlock new economic opportunities. “This… Read More Here

Mining in Zambia Mining safety Safety & Health

Zambian Mining Companies Collaborate on Mine Rescue Training to Enhance Safety

December 5, 2024December 5, 2024 Constance0 comment

Mine rescue teams from ten leading Zambian mining companies recently gathered for a joint training session at First Quantum Minerals’ Kansanshi Mining site in Solwezi District. The training aimed to enhance safety and rescue capabilities across Zambia’s mining sector. This event represented a significant step toward standardizing safety protocols and fostering a unified approach to mine rescue operations. Kansanshi Mine Technical Manager Clayton Reeves highlighted the importance of industry-wide collaboration, noting, “Shared safety knowledge and teamwork are essential for protecting lives in our industry.” Representatives from the participating mines praised… Read More Here