Mining in Zambia - Copperbelt Katanga Mining

Atomic Eagle Targets 100 Million Pounds of Uranium at Muntanga Project in Zambia 1

Atomic Eagle Unveils Massive Exploration Target at Muntanga Uranium Project in Zambia ASX-listed Atomic Eagle has announced a new JORC-compliant exploration target of 40 million to 100.5 million pounds of triuranium octoxide (U₃O₈), at a grade range of 150 to 350 parts per million (ppm), for its Muntanga project in Zambia. This target is in addition to the company’s existing JORC-compliant mineral resource, which includes 40 million pounds in the measured and indicated categories and 7.4 million pounds inferred. Atomic Eagle says the new exploration target underscores the scale of… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions Zinc

Shuka Minerals Moves Closer to Full Acquisition of Zambia’s Kabwe Zinc Mine

December 3, 2025December 3, 2025 Constance

Shuka Minerals to Receive Remaining Funds for Kabwe Zinc Mine and LEM Acquisition in December Aim- and AltX-listed Shuka Minerals has confirmed that it expects to receive the remaining funds needed to finalize its acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia this month—slightly later than originally planned. In a December 1 update, the company said it had already completed the initial payment tranche, securing a 22.2% stake in LEM and the Kabwe project. However, subsequent payments from Gathoni Muchai Investments (GMI) are… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Molefe Copper Mine in Zambia Set for Expansion Through Jubilee-Galileo Partnership

November 30, 2025November 30, 2025 Constance

Jubilee Metals and Galileo Resources Form Strategic Alliance to Accelerate Molefe Copper Mine Development in Zambia Johannesburg- and London-listed Jubilee Metals Group has signed a cooperation and project development agreement with Galileo Resources to fast-track exploration and development at the Molefe copper mine in Zambia. Under the deal, Galileo can earn up to a 23.75% interest in the project by investing $700,000 in resource development work. The agreement leverages Jubilee’s operational and processing expertise in Zambia alongside Galileo’s exploration and geological capabilities, allowing each company to focus on core workstreams,… Read More Here

Mining in Zambia Economy

Zambia Details Strategic Economic Recovery and Governance Reforms

November 30, 2025November 30, 2025 Constance

Zambia Restores Investor Confidence with Fiscal Discipline and Sovereign Credit Upgrades Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, has detailed the country’s economic recovery trajectory, highlighting how years of fiscal instability, governance challenges, and unsustainable borrowing have been addressed to restore national credibility and investor confidence. In a national statement, Dr. Musokotwane emphasized that recent sovereign credit rating upgrades by S&P Global Ratings and Fitch Ratings were the result of deep institutional reforms, not temporary economic improvements. He noted that Zambia is emerging from a period of… Read More Here

Mining in Zambia Electricity

Zambia Accelerates Energy Projects to Boost Electricity Supply and Reduce Load Shedding

November 30, 2025November 30, 2025 Constance

Zambia Advances 2,857MW Energy Pipeline to Strengthen Power Supply and Stability The Ministry of Energy has announced major progress in Zambia’s energy generation projects, reaffirming the government’s commitment to stabilizing electricity supply and reducing the impacts of load shedding. In a statement released on 30th November 2025, Minister of Energy Makozo Chikote highlighted the acceleration of a diverse portfolio of projects, including green city initiatives, rooftop solar installations, utility-scale renewable plants, and thermal (coal) energy developments. Completed Projects: 347MW of New Capacity The Ministry reports that 347MW of new generation… Read More Here

Mining in Zambia Oil & Gas

Zambia Greenlights $1.1 Billion Crude Oil Refinery in Strategic Industrial Partnership

November 30, 2025November 30, 2025 Constance

Zambia Issues $1.1 Billion License for Major Crude Oil Refinery to Boost Energy Security and Jobs In a landmark move for Zambia’s industrial and economic growth, the Zambia Development Agency (ZDA) has granted an investment license to China Zambia Petrochemical Corporation (CZPC) for a $1.1 billion crude oil refinery project. The venture is a strategic collaboration between Zambia’s state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin Corporation. The license handover underscores the government’s commitment to enhancing national industrial capacity and energy security. The planned refinery, with a capacity… Read More Here

Mining in Zambia Energy

Cabinet Approves Presidential Constituency Energy Initiative to Boost Solar Power Across Zambia

November 30, 2025November 30, 2025 Constance

Zambia Launches Presidential Constituency Solar Programme to Generate 312 MW Nationwide The Zambian Cabinet has approved the creation of the Presidential Constituency Energy Initiative and Programme, a landmark project designed to develop 2 MW solar farms in each of the country’s 156 constituencies, resulting in a total installed capacity of 312 MW. According to Chief Government Spokesperson Cornelius Mweetwa, the small-scale solar farms will leverage existing power substations, connection points, and suitable local sites for rapid deployment, ensuring efficient implementation across all constituencies. Funding and Implementation Strategy The initiative will… Read More Here

Mining in Zambia Copper Corporate News

FQM Reaffirms Commitment to Zambian Suppliers as Local Content SI 68 Takes Effect

November 30, 2025November 30, 2025 Constance

FQM Deepens Support for Zambian Suppliers as Local Content SI 68 Ushers in New Opportunities First Quantum Minerals (FQM) has reiterated its commitment to expanding opportunities for Zambian businesses through Local Content Statutory Instrument No. 68 (SI 68) — a policy aimed at increasing local participation in the mining supply chain. Speaking during the Mine Suppliers & Contractors Day in Kitwe, FQM executives emphasized that the company has long been investing in local procurement and supplier development, even before SI 68 came into force. Through structured capacity-building programs and expanded… Read More Here

Corporate News Copper Lithium Mining in Zambia

Prospect Resources Shifts Focus from Namibia Lithium to Zambian Copper

November 27, 2025November 27, 2025 Constance

Prospect Resources Quietly Holds Omaruru Lithium Project in Namibia While Advancing Zambian Copper Strategy Prospect Resources spent the past year reshaping its portfolio, selling the Step Aside lithium project in Zimbabwe and turning its corporate focus toward copper assets in Zambia. Yet one asset quietly remained on the company’s books: the Omaruru Lithium Project in Namibia. Interestingly, Prospect made no mention of Omaruru in its November 25 corporate presentation, despite the project’s history and potential suggesting a more nuanced story. Before Prospect’s involvement, the Omaruru project had undergone systematic exploration… Read More Here

Mining in Zambia Corporate News Technology & Innovation

FIRST QUANTUM’S TECHNOLOGY DRIVE WINS GOVERNMENT SUPPORT

November 27, 2025November 27, 2025 Constance

SOLWEZI, ZAMBIA – Minister of Technology and Science, Hon. Felix Mutati, has praised First Quantum Minerals (FQM) for its strong commitment to technological advancement, noting that the company’s investment in modern mining systems positions Zambia to move decisively toward its national production target of 3 million tonnes of copper annually. The Honourable Minister, accompanied by his Permanent Secretary Dr Brilliant Habeenzu and ZICTA Director General Colin Mbula, were shown the technology in use at the FQM Trident operations, including fatigue management technology installed in all mobile equipment, trolley assist on… Read More Here