Mining in Zambia - Copperbelt Katanga Mining

Mining in Zambia Copper New Mining Projects

Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine

February 28, 2025March 3, 2025 Constance

Critical minerals-focused royalty company Ecora has finalized a $50-million copper stream agreement with Moxico Resources for its Mimbula Mine in Zambia. The deal covers Mimbula’s existing reserve-based life-of-mine (LoM) of 11 years and will support its ongoing expansion. Mimbula’s Phase 1 began producing copper in late 2022 and achieved 14,000 tonnes in 2024. Production is expected to ramp up to a steady 56,000 tonnes per year of copper cathode by mid-2026, following the completion of a Phase 2 brownfield expansion. London-listed Ecora stated that proceeds from the transaction will strengthen… Read More Here

Mining in Zambia Corporate News Exploration New Mining Projects

Midnight Sun Announces Significant New Targets at Kazhiba

February 27, 2025February 27, 2025 Constance

Midnight Sun Mining Corp. (TSXV: MMA / OTC: MDNGF) (“Midnight Sun” or the “Company”) has announced the successful results from its 2024 geochemical and geophysical exploration programs, which have uncovered significant new sulphide and oxide copper targets at the Kazhiba property. Exploration drilling is scheduled to begin in early Q2, with the aim of testing these newly identified targets. The Partial Ionic Leach geochemistry results have revealed a strong copper anomaly stretching over four kilometres, which aligns with high chargeability and low resistivity zones identified in the induced polarization (IP)… Read More Here

Mining in Zambia News in Brief

Zambia Launches ZIMIS to Enhance Mining License Management and Support Growth

February 27, 2025February 27, 2025 Constance

The Ministry of Mines and Minerals Development of Zambia has unveiled the Zambia Integrated Mining Information System (ZIMIS), a cutting-edge digital platform designed to improve efficiency and transparency in mining license management. ZIMIS replaces the former Cadastre System and aims to streamline the process of issuing mining rights, directly supporting Zambia’s ambitious target of reaching 3.1 million tons of annual copper production by 2031. In line with ongoing compliance monitoring efforts, ZIMIS also supports the repossession of over 1,000 non-compliant licenses in 2024, which will be reallocated in 2025, opening… Read More Here

Mining in Zambia Corporate News Mining Personality

Tertiary Minerals Appoints Dr. Richard Belcher as Managing Director

February 26, 2025February 26, 2025 Constance

AIM-listed Tertiary Minerals has appointed Dr. Richard Belcher as its new Managing Director, effective March 7, following the company’s Annual General Meeting. Tertiary highlighted Belcher’s 22 years of geological experience, spanning early-stage exploration to resource definition across various commodities. His expertise is particularly strong in Africa, where he has worked extensively with junior exploration companies. Belcher previously served as VP of Exploration at ANS Exploration Corp, focusing on projects in Northeast Africa and Arabia. He also worked as a senior consulting geologist at Altus Strategies (now Elemental Altus Royalties Corp),… Read More Here

Mining in Zambia Gemstones

Gemfields Sees Improved Demand in Mini Auction for Unsold Kagem Emeralds

February 25, 2025February 25, 2025 Constance

Gemfields recently held a mini auction to sell emeralds from its Kagem mine in Zambia, which remained unsold from a previous sale due to competition from another producer offering similar goods at lower prices. Between February 19 and 21, the company generated $4.8 million from the sale of 45,864 carats, it announced on Monday. Of the 13 lots offered, 10 were sold, achieving an average price of $105 per carat. In November, Gemfields had put 43 lots up for sale but managed to sell only 30, marking its weakest emerald… Read More Here

Mining in Zambia Copper

Zambia Police Pledge Support to First Quantum Minerals in Kalumbila

February 23, 2025February 23, 2025 Constance

The North-Western Division of the Zambia Police has pledged continued support for First Quantum Minerals Limited (FQML) and its mining investments. This commitment was made during a courtesy visit to FQML’s operations in Kalumbila at the FQM Trident Limited site, which includes the Sentinel Copper and Enterprise Nickel Mines. The delegation, led by newly appointed Commissioner of Police Paul Achiume, included Deputy Commissioner Desmond Mwanza and Senior Assistant Commissioner Kennedy Mumbi. The visit aimed to familiarize the team with the operations of the mines. Upon arrival, the team was welcomed… Read More Here

Mining in Zambia Electricity

ZESCO Signs Power Purchase Agreements with IPPs to Boost Solar Capacity

February 23, 2025February 23, 2025 Constance

ZESCO, Zambia’s state-owned electricity company, has signed Power Purchase Agreements (PPAs) with 28 Independent Power Producers (IPPs) under the Micro-Generator Scheme and the Presidential Solar Initiative. The agreements will add 270 megawatts (MW) of solar power to the national grid. At the signing ceremony, Energy Minister Hon. Makozo Chikote emphasized the government’s commitment to development, stating, “Under President Hakainde Hichilema’s leadership, we are delivering development, not just talking about it. This initiative will power industries, create jobs, and drive economic growth, showing that the UPND government is serious about transforming… Read More Here

Mining in Zambia Mining safety

Sino Mine Tailings Dam Collapse Devastates Land and Crops in Chambeshi

February 23, 2025February 23, 2025 Constance

A major environmental disaster has unfolded in Mwambashi Ward, Chambeshi District in Zambia, after the collapse of the Sino Mine Leach Tailings Dam, which contained acid. The spill has not only contaminated the surrounding land but has also devastated over 200 farmers’ fields, raising concerns about mining-related environmental risks. Anthony Mwape, one of the affected farmers, reported that his four-hectare farm—where he grew maize, onions, and cabbage—was completely destroyed. His crops, which were ready for harvest in March, were lost due to the acid exposure. Area Councillor Bertha Mulenga has… Read More Here

Mining in Zambia Copper New Mining Projects

Tertiary Minerals Advances Deep Drilling at Konkola West Copper Project

February 23, 2025February 23, 2025 Constance

Aim-listed Tertiary Minerals has reported significant progress in drilling at its Konkola West copper project in Zambia, with hole KWDD001 now exceeding 2,600 meters in depth. The drill is currently advancing through the Kitwe Formation, which forms the upper part of the Lower Roan Subgroup, a key copper-bearing geological unit in the Zambian Copperbelt. The drill hole is currently in the Shale with Grit unit of the Kitwe Formation, which typically lies 25 m to 225 m above the Ore Shale, the primary copper-hosting layer in the Konkola area. The… Read More Here

Mining in Zambia Precious Stones

Zambia Suspends 15% Export Tax on Precious Stones to Boost Competitiveness

February 23, 2025February 23, 2025 Constance

Zambia has suspended its 15% export tax on precious stones and metals in an effort to enhance global competitiveness and attract investment, the Ministry of Finance announced last week. The southern African nation, the world’s second-largest emerald producer after Colombia, had reintroduced the tax in January 2025 after initially suspending it in 2019. “With this suspension, Zambian precious stones and metals will now be priced more competitively on the global market, attracting greater interest from international buyers and leading to higher sales volumes,” the ministry stated. In January, Gemfields, the… Read More Here