Mining in Zambia - Copperbelt Katanga Mining

FQM Eyes Gold Streaming from Zambia Mines to Strengthen Balance Sheet

July 27, 2025July 27, 2025 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

Mining in Zambia Economy

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

July 26, 2025July 26, 2025 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 in Zambia Corporate News Energy Press Release

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

July 25, 2025July 25, 2025 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

Mining in Zambia Corporate News New Mining Projects

FQM REPORTS Q2 RESULTS AND S3 PROJECT COMPLETION

July 24, 2025July 24, 2025 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

Mining in Zambia Battery Metals

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

July 24, 2025July 24, 2025 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

Mining in Zambia Corporate News

FQM Named Zambia’s Top Mining Investor at 2025 Invest Zambia Conference

July 22, 2025July 22, 2025 Constance

First Quantum Wins Zambia’s Best Mining Investor Award at 2025 Invest Zambia International Conference First Quantum Minerals (FQM) has been awarded the title of Zambia’s Best Investor in Mining – 2025 at the inaugural Invest Zambia International Conference (IZIC), held in Lusaka. The accolade acknowledges FQM’s decades-long commitment to Zambia’s mining industry and its contribution to the country’s economic transformation. Themed “Driving Generational Transformative Investments through Joint Ventures and Partnerships,” the conference brought together global investors, policymakers, and industry leaders to explore Zambia’s growing investment opportunities. Accepting the award, FQM… Read More Here

Corporate News Copper Mining in Zambia

KCM Launches Major Underground Rail Upgrade to Boost Copper Transport and Output

July 22, 2025July 22, 2025 Constance

KCM Begins $Multi-Million Underground Rail Upgrade to Double Copper Transport at Konkola Mine Konkola Copper Mines (KCM) Plc has launched a transformative underground rail rehabilitation project at its flagship Konkola mine in Chililabombwe, Zambia. The initiative aims to more than double the mine’s copper ore transport capacity—an essential step in accelerating production growth and unlocking the full potential of one of the richest copper deposits in the world. The ambitious project spans nearly 6 kilometers of underground rail and officially commenced on July 2, 2025. It was inaugurated by Vedanta… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

July 22, 2025July 22, 2025 Constance

Zambia to Build $1.1 Billion Oil Refinery in Ndola to Cut Fuel Imports and Boost Exports Zambia has signed a landmark $1.1 billion agreement to construct a crude oil refinery and integrated energy complex in Ndola, located in the country’s Copperbelt Province, the government announced Monday. The project, aimed at reducing Zambia’s heavy reliance on imported fuel, will be developed through a partnership between the state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin Corporation. Construction is scheduled to begin in the third quarter of 2025, with initial commercial… Read More Here

Mining in Zambia Copper Corporate News Sponsored Content

Into the Earth: Kansanshi’s Underground Story

July 22, 2025July 27, 2025 Constance

How a bold underground engineering project keeps Zambia’s largest copper mine from flooding. There’s no shortage of water in Zambia’s North-Western Province. The region receives an average of 1,500 millimetres of rainfall annually, often more than ten times the national average. Beyond the skies, water also bursts forth from the ground in remarkable abundance. The Kafue and Zambezi rivers originate here, along with the Lunga, Kabompo, and several other vital waterways. But in this water-rich landscape, abundance comes with its own challenges. While seasonal rainfall presents difficulties of its own,… Read More Here

Mining in Zambia Corporate News Press Release

ZCCM-IH Shareholders in Over Half-a Billion Kwacha Dividend Payout

July 21, 2025July 21, 2025 Constance

21st July 2025, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders approved a dividend of K529 million (US$23 million) for the 2024 financial year during the Company’s 21st Annual General Meeting (AGM) held on Friday, 18th July 2025. Of this amount, ZMW410 million will go to the Government of the Republic of Zambia through the Industrial Development Corporation (ZMW319 million) and the Ministry of Finance and National Planning (ZMW91 million). The National Pension Scheme Authority (NAPSA) will receive ZMW79 million, and the balance of ZMW40 million will go to minority… Read More Here