Mining in Zambia - Copperbelt Katanga Mining

Vedanta Explores U.S. Listing for KCM to Raise $1 Billion

April 25, 2025April 25, 2025 Constance

Vedanta Resources is exploring a potential U.S. public listing for its Zambian subsidiary, Konkola Copper Mines (KCM), as part of efforts to raise approximately $1 billion to fund mine development. The company has appointed Barclays and Citigroup to advise on a potential initial public offering (IPO), which is still in the early stages. New York is being considered as one of the possible listing locations. While no timeline has been confirmed, the listing is seen as one of the most viable options after previous attempts to secure private investment did… Read More Here

Mining in Zambia Economy

Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery

April 23, 2025April 23, 2025 Constance

For the first time in six years, Zambia is on track to bring its inflation rate within the central bank’s target range—a key milestone in the country’s economic recovery. Secretary to the Treasury, Felix Nkulukusa, announced on Thursday that annual consumer price inflation is projected to fall below 8% by the end of 2025, aligning with the Bank of Zambia’s target range of 6% to 8%. “We expect inflation to continue to decline,” Nkulukusa said during a speech in Lusaka. “We are confident that we can probably reach the 6–8%… Read More Here

Mining in Zambia Electricity

Zambia and Tanzania Launch Cross-Border Power Project to Boost Regional Energy Integration

April 20, 2025April 20, 2025 Constance

Zambia and Tanzania have officially launched the Zambia–Tanzania Interconnector Project (ZTIP), a landmark cross-border energy initiative aimed at enhancing regional electricity trade, energy security, and industrial growth. The launch ceremony was held at the Mulungushi International Conference Center in Lusaka. ZTIP forms part of the broader Zambia–Tanzania–Kenya (ZTK) power interconnection project. Once completed, it will link the national electricity grids of Zambia and Tanzania, enabling the two-way flow of electricity between the Southern African Power Pool (SAPP) and the Eastern Africa Power Pool (EAPP). Speaking on behalf of Zambia’s Minister… Read More Here

Mining in Zambia Economy Energy

Zambia Urges European Investment in Mining and Energy Sectors

April 20, 2025April 20, 2025 Constance

Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, has called on European nations to invest in Zambia’s mining and energy sectors, emphasizing the country’s growing openness to new international partnerships. His remarks followed his participation in the 10th Annual Delphi Economic Forum held in Greece. Speaking from Addis Ababa, Dr. Musokotwane highlighted Greece as an untapped partner in Zambia’s development agenda. “The Delphi Forum offered a strategic platform to promote investment and strengthen partnerships,” he said. “We are focused on attracting investments that create jobs, generate wealth, and… Read More Here

Mining in Zambia Copper Diamond Drilling New Mining Projects

Tertiary Minerals Completes Initial Drilling at Mukai Copper Project in Zambia

April 20, 2025April 20, 2025 Constance

AIM-listed Tertiary Minerals has completed an initial scout drilling program at its Mukai copper project in Zambia, marking a significant step forward in early-stage exploration efforts. The program included three diamond drill holes totaling approximately 554 metres. The company reported that drilling intersected near-surface anomalous copper mineralisation, as well as thick intervals of anomalous nickel mineralisation. Two of the drill holes targeted a broad copper-in-soil anomaly, while the third focused on understanding the geology of the Tirosa Basin. Large parts of the copper and nickel soil anomalies, as well as… Read More Here

Mining in Zambia Electricity

ZESCO Confident in Power Supply Stability as Local Generation Improves

April 19, 2025April 19, 2025 Constance

The Senior Manager of ZESCO’s Lusaka Control Centre, Boniface Syasipa, has welcomed recent improvements in local power generation, describing them as crucial to delivering a more reliable electricity supply to households and businesses across Zambia. Speaking to ZESCO’s in-house media on April 16, Syasipa emphasized that the state-owned utility—responsible for generating about 80% of the country’s electricity—had become more predictable thanks to increased local production. He cited last year’s drought as a key factor that had forced the country to rely more heavily on electricity imports, contributing to supply disruptions.… Read More Here

Copper Corporate News Mining in Zambia News in Brief

Sinomine Targets 2026 Copper Production at Zambia’s Kitumba Mine

April 17, 2025April 17, 2025 Constance

Sinomine Resource Group has announced plans to begin copper production at its Kitumba Copper Mine in Zambia’s Central Province by September 2026. The update was shared in a company WeChat post on Thursday. Located in the Mumbwa district, the project is expected to receive an investment of $560 million. On Monday, Sinomine commenced stripping operations, which involve the removal of surface soil and rock to access the ore body. This marks a key milestone in the development of the project, which is set to contribute significantly to Zambia’s copper output… Read More Here

Copper Mining in Zambia New Mining Projects

LONG-AWAITED KASHIME COPPER MINE IN MKUSHI GETS GREEN LIGHT FOR DEVELOPMENT

April 17, 2025April 17, 2025 Constance

MKUSHI, ZAMBIA – After more than 15 years of anticipation, the Kashime Copper Mine project, located in the Upper Lusemfwa area of Mkushi District, has officially received authorisation to commence mining operations. The milestone marks a significant step forward for Zambia’s mining sector. The project is primarily being developed by Zambian-owned Mimosa Resources, while FQM has committed to finance and conduct further exploration within the licence area. In September 2024, Mimosa Resources announced that it had attracted an initial US$3 million investment from Australian Stock Exchange-listed Zeta Resources to fund… Read More Here

Mining in Zambia Copper New Mining Projects

FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project in Zambia

April 17, 2025April 17, 2025 Constance

Copper producer First Quantum Minerals (FQM) has announced a strategic investment of A$15.2 million in Australia-based battery and electrification metals developer Prospect Resources, acquiring a 15% pro-forma stake and the right to appoint a representative to Prospect’s board. Prospect’s primary focus is the advancement of the Mumbezhi copper project in north-western Zambia, located about 25 km southeast of FQM’s Trident project, which comprises the Sentinel and Enterprise mines in Kalumbila. The investment will help accelerate exploration at Mumbezhi, in line with Zambia’s ambition to reach three million tonnes of copper… Read More Here

Mining in Zambia Corporate News Uranium

GoviEx Files Draft ESIA for Muntanga Uranium Project in Zambia

April 17, 2025April 17, 2025 Constance

TSX-listed GoviEx Uranium has submitted a draft Environmental and Social Impact Assessment (ESIA) to the Zambian Environmental Management Agency (ZEMA) for its Muntanga uranium project, marking a major milestone as the project advances from feasibility toward development. ZEMA will now review the draft ESIA and provide feedback and recommendations. GoviEx plans to incorporate this guidance into the final ESIA, which it expects to resubmit for approval in the second half of 2025. This submission follows the recent completion of a positive feasibility study that confirmed Muntanga as a robust, shallow… Read More Here