Mining in Zambia - Copperbelt Katanga Mining

ZESCO and CEC Partner to Accelerate Solar Energy Expansion Across Zambia

June 16, 2025June 16, 2025 Constance

ZESCO Limited and Copperbelt Energy Corporation (CEC) Plc have announced a strategic partnership to accelerate the rollout of solar power generation across Zambia. The collaboration includes the creation of a joint planning team designed to streamline the development of solar projects, optimize resource use, and eliminate project duplication. The announcement was made during an appreciation tour of CEC’s solar facilities in Kitwe. ZESCO Chairman Vickson Ncube highlighted the importance of a coordinated national approach. “We are forming a joint planning team between ZESCO and CEC management to plan the national… Read More Here

Mining in Zambia Economy

Zambia Eyes 6% Economic Growth in 2025 Amid Copper Boom and Currency Surge

June 16, 2025June 16, 2025 Constance

Zambia’s economy is on track to grow by at least 6% this year, marking its strongest expansion since 2021, according to Finance Minister Situmbeko Musokotwane. The projection, he said, is fueled by a combination of improved rainfall and a surge in copper production, Zambia’s economic backbone. Speaking on the sidelines of Bloomberg’s annual Africa Business Media Innovators Conference, Musokotwane emphasized that the country’s mining sector—particularly copper—is central to its ongoing economic rebound. Zambia, the second-largest copper producer in Africa, saw a significant increase in metal output last year. Copper accounts… Read More Here

Mining in Zambia Copper Corporate News

FQM Trident Strengthens Zambia’s Mining Sector with Record Production and Sustainability Efforts

June 10, 2025June 10, 2025 Constance

Solwezi, Zambia – FQM Trident, a subsidiary of First Quantum Minerals, continues to solidify its position as a key player in Zambia’s mining sector. During a recent media tour, Assistant General Manager Frederic Wouters provided an update on the company’s operations, highlighting record production figures, environmental initiatives, and community investment efforts. In 2024, FQM Trident’s Sentinel Copper Mine produced an impressive 231,000 tons of copper, with similar output expected this year. Meanwhile, the newly commissioned Enterprise Nickel Mine is ramping up production and is projected to deliver up to 25,000… Read More Here

Transport and Logistics Angola Economy Mining in DRC Mining in Zambia

AFC Secures $320 Million Deal with Italy to Boost Angola’s Lobito Corridor

June 10, 2025June 10, 2025 Constance

Africa Finance Corporation (AFC), a Lagos-based continental financier, will soon sign a $320 million financing agreement with Italy, part of which will support the development of a new transport corridor linking critical mineral fields in central Africa to Angola’s Lobito port, according to AFC CEO Samaila Zubairu. AFC, owned by African central banks and development lenders, is the financing partner for the U.S.-backed Lobito Corridor project. The corridor aims to connect the Atlantic port of Lobito in Angola with mineral-rich regions in Zambia and the Democratic Republic of the Congo,… Read More Here

Mining in Zambia Mining Personality

ZCCM-IH Appoints Kakenenwa Muyangwa as CEO to Lead New Strategic Phase

June 10, 2025June 10, 2025 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) has announced a major leadership transition with the appointment of Mr. Kakenenwa Muyangwa as Chief Executive Officer, effective 6 June 2025. This follows his retirement as Non-Executive Director and Board Chairperson, effective 5 June 2025. The announcement, made in line with Section 3.59 of the Lusaka Securities Exchange (LuSE) Listing Rules, reflects the company’s commitment to leadership continuity and strategic transformation. Mr. Muyangwa is a seasoned business executive with more than 35 years of experience in business strategy, corporate recovery, mining investment, and financial management.… Read More Here

Mining in Zambia Battery Metals Copper

Zambia Courts Carmakers to Build EV Component Plants Near Copper Mines

June 10, 2025June 10, 2025 Constance

Zambia has opened discussions with global car manufacturers to encourage the establishment of electric vehicle (EV) component factories near its copper mining operations, a strategic move aimed at boosting local value addition and integrating the country into the EV global supply chain. Finance Minister Situmbeko Musokotwane, speaking at Bloomberg’s annual Africa Business Media Innovators conference in Livingstone, revealed that the government is actively engaging with automakers. “Even last week when I was in Germany, I urged companies to consider manufacturing some of their electric-vehicle components in Zambia,” Musokotwane said.“Those components… Read More Here

Mining in Zambia Copper Corporate News Economy

FQM Injects $2.6 Billion into Zambia’s Economy in 2024

June 8, 2025June 8, 2025 Constance

First Quantum Minerals (FQM) contributed over $2.6 billion to Zambia’s economy in 2024 through its operations at the Trident and Kansanshi mines in North-Western Province, according to the company’s latest Global Tax Transparency and Economic Contributions Report. The report reveals that FQM paid $650 million in taxes, spent $1.75 billion on local procurement, disbursed $236 million in wages to local employees, and invested $13 million in community development initiatives. In terms of output, the two mines produced 402,000 tonnes of copper and 19,000 tonnes of nickel last year. FQM continues… Read More Here

Mining in Zambia Copper Economy

Zambia’s Refined Copper Exports Rise 17.6% in Q1 as Output Expansion Accelerates

June 8, 2025June 8, 2025 Constance

Zambia’s refined copper exports reached 283,500 tonnes in the first quarter of 2025, marking a 17.6% increase compared to 241,000 tonnes during the same period last year, according to newly released data. The positive trend is reflected in monthly growth figures, with exports rising from 71,200 tonnes in March 2025 to 72,300 tonnes in April—an increase of 1.6%. This steady growth supports the Zambian government’s ambitious target of producing 3 million tonnes of copper annually by 2031. The objective is part of a broader strategy to maximize the economic benefits… Read More Here

Mining in Zambia Electricity

Zambia Saves 56MW with EU-Backed Energy Efficiency Programme

June 8, 2025June 8, 2025 Constance

Zambia has successfully conserved 56 megawatts (MW) of electricity—the equivalent output of a large power plant—through the European Union-funded Zambia Energy Efficiency and Sustainable Transformation (ZEEST) programme, all without building new power generation infrastructure. During a recent tour of Ndola Teaching Hospital, Ministry of Energy Permanent Secretary for Electricity, Mr. Arnold Simwaba, described ZEEST as a transformative initiative that aligns with the country’s energy efficiency and climate resilience goals. “Through strategic partnerships and targeted interventions, ZEEST has shown that we can achieve the same impact as building a new power… Read More Here

Mining in Zambia New Mining Projects

ZCCM-IH Invests $50 Million in Landmark Phosphate Project to Boost Zambia’s Self-Sufficiency

June 7, 2025June 7, 2025 Constance

Zambia Consolidated Copper Mines – Industrial Holdings (ZCCM-IH) has committed $50 million to a pioneering phosphate production project aimed at reducing Zambia’s reliance on imports and diversifying the nation’s mineral portfolio beyond copper. The initiative will see the development of a mono ammonium phosphate (MAP) plant with an annual production capacity of 300,000 metric tons, alongside 750,000 metric tons of gypsum produced as a byproduct. The plant will be the first of its kind in Southern Africa. ZCCM-IH Corporate Affairs Manager, Loisa Mbatha, described the project as a game-changer during… Read More Here