Mining in Zambia - Copperbelt Katanga Mining

Zambia to Introduce Local Content Law for Mining Sector

February 3, 2025February 3, 2025 Constance0 comment

Zambia is set to introduce a “Local Content” law this year, requiring mining companies to prioritize local contractors and suppliers when awarding contracts. The Citizens Economic Empowerment (Reservation of Goods and Services in the Mining Sector) Regulations aim to boost Zambian businesses by setting a threshold for contracts exclusively reserved for Zambian citizens. Mines Minister Paul Kabuswe announced the development ahead of the African Mining Indaba in Cape Town, South Africa, stating that stakeholder consultations on the draft framework are ongoing and the law will be enacted this year. “Once… Read More Here

Economy Events & Expos Mining in Zambia

Zambia’s Finance Minister Arrives in South Africa for Mining Indaba 2025

February 3, 2025February 3, 2025 Constance0 comment

Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, has arrived in South Africa for the 2025 Investing in African Mining Indaba, set to take place from February 3 to 6 at the Cape Town International Convention Centre (CTICC). Dr. Musokotwane will represent President Hakainde Hichilema at the high-profile event, which is themed “Future-proofing African Mining, Today.” The summit will focus on sustainability, investment, and economic growth in Africa’s mining sector. He is joined by Minister of Mines and Minerals Development Paul Kabuswe, Mines Permanent Secretary Dr. Hapenga Kabeta,… Read More Here

Mining in Zambia Oil & Gas Petroleum

Tazama Pipelines Enhances Diesel Flow with New Drag Reducing Agent

February 2, 2025February 2, 2025 Constance0 comment

Tazama Pipelines has introduced a drag reducing agent (DRA) to improve the efficiency and flow of diesel through its network. This chemical reagent reduces friction within the pipeline, enhancing the movement of gasoil. As a result, the daily diesel pumping capacity has increased from 2.8 million liters to 3.6 million liters. Speaking at the launch event in Dar es Salaam, Energy Minister Makoso Chikote emphasized that this project highlights the commitment of both the Zambian and Tanzanian governments to reforming the petroleum sector. He added that the use of the… Read More Here

Mining in Zambia Energy Events & Expos

Zambia’s President Urges Energy Reforms for Africa’s Growth at Mission 300 Summit

February 2, 2025February 2, 2025 Constance0 comment

President Hakainde Hichilema has emphasized the need for Africa to implement energy sector reforms to accelerate economic growth. Speaking at the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, President Hichilema highlighted Zambia’s commitment to the Mission 300 agenda, citing key reforms, including the inclusion of independent power producers and tariff adjustments to enhance commercial viability. He stressed that energy is as essential as water, urging African nations to leverage it for faster economic development. President Hichilema also reaffirmed Africa’s readiness to foster a business-friendly environment to support… Read More Here

Mining in Zambia Copper Economy New Mining Projects

Ming’omba Mine to Boost Zambia’s Copper Production Target

February 2, 2025February 2, 2025 Constance0 comment

President Hakainde Hichilema has reaffirmed that the projected increase in copper production at Ming’omba Mine will contribute significantly to Zambia’s goal of reaching 3 million tonnes of copper output by 2031. Speaking at State House in Lusaka during a meeting with a delegation from KoBold Metals, President Hichilema emphasized that every mining asset in the country must play a role in achieving this target. He urged the company to intensify efforts and accelerate production where possible. The President expressed satisfaction that Ming’omba Mine has already employed over 500 workers and… Read More Here

Mining in Zambia Cobalt Economy

Stanbic Bank Zambia Champions Collaborative Energy Solutions to Boost Mining Sector Productivity

February 1, 2025February 1, 2025 Constance0 comment

Stanbic Bank Zambia has emphasized the critical role of collaboration in boosting mining productivity as demand for essential minerals such as copper, cobalt, lithium, and nickel continues to rise. The bank believes that further electricity import deals can help address Zambia’s power deficit, ensuring the stability of the mining sector, which consumes over 50% of the country’s generated electricity. Speaking in Lusaka, Helen Lubamba, Head of Corporate and Investment Banking (CIB) at Stanbic, highlighted the benefits of increasing electricity imports for the mining industry, which would contribute to Zambia’s overall… Read More Here

Mining in Zambia Corporate News Gemstones

Gemfields Suspends Emerald Sales Amid Zambian Export Duty

January 31, 2025January 31, 2025 Constance0 comment

Gemfields (LON: GEM) (JSE: GML), a leading miner of coloured precious stones, has paused the sale of emeralds from its Kagem mine in Zambia following the reintroduction of a 15% export tariff earlier this month. The company hopes the Zambian government will reverse the decision soon. Zambia, the world’s second-largest emerald producer after Colombia, initially imposed the 15% export duty in early 2019, but it was removed in January 2020 following industry pushback. However, the government reintroduced the tariff this year, prompting Gemfields to halt sales. The company had previously… Read More Here

Mining in Zambia Exploration New Mining Projects

FQM DRIVES ZAMBIAN MINING GROWTH WITH LANDMARK COPPERBELT GEOLOGICAL SURVEY

January 28, 2025January 28, 2025 Constance

LUSAKA, ZAMBIA – Recognising the vast untapped potential of the Copperbelt Province, First Quantum Minerals (FQM) has handed over a ground-breaking aerial geological survey of the Copperbelt to the Zambian government. The survey, entirely funded by FQM, addresses the lack of comprehensive documentation of the region’s mineral wealth, despite over a century of mining operations. Now complete, the survey has been officially handed-over to Zambia’s Minister of Mines and Mineral Development during a ceremony hosted by His Excellency President Hakainde Hichilema. The airborne geophysical data, which is available through the… Read More Here

Mining in Zambia Infrastructural Development

Lusaka-Ndola Dual Carriageway to Assess Long-Term Concession Viability in Developing Economies

January 27, 2025January 27, 2025 Constance

The Lusaka-Ndola dual carriageway project, a 327-kilometre road linking Lusaka with Ndola, will serve as a key test for the viability of long-term concessions in developing economies, according to Vicente Valencia, a Public-Private Development (PPD) specialist. With a total cost of US$650 million, the project has a 25-year concession period, consisting of three years for construction and 22 years for operation. Valencia emphasized that the success of this ambitious project hinges on factors such as toll affordability and traffic volume, which are critical to its long-term sustainability. Valencia highlighted the… Read More Here

Mining in Zambia Electricity Energy Events & Expos

President Hichilema Focuses on Solar Energy and Electricity Solutions at Africa Energy Summit

January 27, 2025January 27, 2025 Constance

President Hakainde Hichilema has stated that Zambia is on track to addressing its electricity challenges. He emphasized that the government is working diligently to reduce reliance on hydropower by investing in solar energy. While drought poses a challenge, President Hichilema views it as an opportunity to redirect resources into investments like electricity. He made these comments to journalists at the Zambia Air Force Base, Kenneth Kaunda International Airport, before departing for Tanzania to attend the 300 Africa Energy Summit in Dar es Salaam on January 28, 2025. The summit, he… Read More Here