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Category: Mining in Zambia

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock 1 Mining in Zambia Copper Corporate News Economy 

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock

Constance
Barrick CEO Says Copper Demand Will Outpace Supply Despite U.S. Tariff Volatility Copper miners remain confident in the metal’s long-term prospects, despite the short-term price turbulence caused by the United States’ newly announced 50% tariff on imported copper, according to Barrick Gold CEO Mark Bristow. Speaking in Lusaka, Zambia—where Barrick is significantly expanding its copper operations—Bristow emphasized that the underlying fundamentals for copper remain strong, even as geopolitical decisions create short-term uncertainty. On Wednesday, U.S. President Donald Trump announced a new 50% tariff on copper imports, effective August 1, citing… Read More Here
FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth 2 Mining in Zambia Copper Corporate News 

FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth

Constance
FQM Targets Sentinel Mine Life Extension Through Strategic Investment in Mumbezhi Copper Project First Quantum Minerals’ (FQM) recent strategic investment in Prospect Resources could significantly extend the life of its flagship Sentinel copper mine in Zambia, according to FQM Country Director Anthony Mukutuma. In April, the Canada-based mining giant acquired a 15% stake in Prospect Resources, becoming the largest shareholder in the Australia-listed exploration company. This move marks a key step in strengthening FQM’s copper resource base in Zambia. READ ALSO:FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project… Read More Here
Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia 3 Mining in Zambia Copper Corporate News 

Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia

Constance
Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact. During a recent visit to Lusaka, Barrick president and CEO Mark Bristow highlighted how the expansion builds on a remarkable turnaround that… Read More Here
ZEMA Approves $627 Million in Development Projects to Drive Sustainable Growth 4 Mining in Zambia Environment Social Governance (ESG) Mining Policy 

ZEMA Approves $627 Million in Development Projects to Drive Sustainable Growth

Constance
The Zambia Environmental Management Agency (ZEMA) has approved 115 development projects with a combined investment value of $627 million, following the 33rd Environmental Assessment Committee (EAC) meeting held in June 2025. The approved projects span key sectors crucial to Zambia’s economic advancement, including mining (51 projects), mineral processing (22), infrastructure development (18), manufacturing and processing (17), and agriculture, forestry, and tourism (7). The approvals highlight the country’s continued focus on inclusive and environmentally responsible development. Among the major projects greenlit is the construction of a ZAMMSA Regional Medical Warehouse in… Read More Here
First Quantum Minerals Empowers Zambian SMEs at 2025 Trade Fair 5 Mining in Zambia Corporate News Events & Expos 

First Quantum Minerals Empowers Zambian SMEs at 2025 Trade Fair

Constance
First Quantum Minerals (FQM) has reaffirmed its commitment to Zambia’s economic transformation by sponsoring 27 local Small and Medium-sized Enterprises (SMEs) to participate in the 2025 Zambia International Trade Fair in Ndola. This initiative supports the Government’s efforts to boost local content and strengthen business resilience, in line with the fair’s theme: “Enhancing Business Resilience through Innovation and Trade.” FQM’s sponsorship is part of its broader Supplier Development Programme, which aims to empower Zambian businesses within the mining value chain. The programme offers mentorship, access to finance, skills development, and… Read More Here
Zambia’s Economy Shows Steady Growth with Positive Outlook 6 Mining in Zambia Economy 

Zambia’s Economy Shows Steady Growth with Positive Outlook

Constance
Finance and National Planning Minister Dr. Situmbeko Musokotwana has announced that Zambia has recorded consistent economic growth over the past three years, with projections indicating continued improvement in the years ahead. Speaking in Lusaka during the launch of the Zambia Economic Outlook Report, Dr. Musokotwana highlighted that the country’s economic prospects remain favourable. The report notes that while Zambia’s outlook is positive, further diversification of the economy is essential to mitigate potential risks. It also underscores the country’s potential to drive growth by leveraging its rich endowment of energy transition… Read More Here
Zambia Launches 100 MW Solar Plant to Cut Imports and Power Mining Sector 7 Mining in Zambia Energy Green Energy 

Zambia Launches 100 MW Solar Plant to Cut Imports and Power Mining Sector

Constance
Zambia’s President Hakainde Hichilema on Monday inaugurated the country’s largest grid-connected solar power plant, the 100-megawatt Chisamba project, developed by PowerChina. The facility will supply electricity directly to First Quantum Minerals, one of Zambia’s largest copper producers. The project is expected to significantly reduce Zambia’s reliance on electricity imports from neighboring South Africa and Mozambique. By supplying power to the mining giant, the solar plant will also free up additional electricity capacity for local consumers. Zambia currently depends heavily on hydropower for its electricity needs. However, a prolonged drought has… Read More Here
India Targets Critical Minerals in Zambia Amid Global Supply Concerns 8 Mining in Zambia Battery Metals Cobalt Copper New Mining Projects 

India Targets Critical Minerals in Zambia Amid Global Supply Concerns

Constance
India has deployed a team of geologists to Zambia to explore deposits of copper and cobalt, two minerals critical to its clean energy transition, according to two Indian government sources. The Zambian government has allocated 9,000 square kilometers (approximately 3,475 square miles) to India for this exploration initiative. The focus will be on cobalt—a vital component in batteries for electric vehicles and mobile phones—and copper, which is widely used in power generation, electronics, and construction. The exploration project is expected to span three years, with most of the sample analysis… Read More Here
Patriot Resources Begins Drilling at New Copper Prospect in Zambia 9 Mining in Zambia Copper Drilling New Mining Projects 

Patriot Resources Begins Drilling at New Copper Prospect in Zambia

Constance
Australian mining company Patriot Resources announced on Monday the commencement of drilling operations at its newly identified Copper Top Hill prospect, located approximately 850 metres northeast of the Sugarloaf copper deposit in Zambia’s Central Copperbelt. The Copper Top Hill prospect was recently delineated following geological mapping and surface sampling, which revealed visible copper mineralisation extending along strike for over 800 metres. Based on these findings, Patriot formally designated the area as a new discovery within the Sugarloaf licence. Rock chip samples collected from the site returned copper grades of up… Read More Here
Zambia’s Energy Ministry Commissions Solar Power System to Lead Clean Energy Transition 10 Mining in Zambia Energy 

Zambia’s Energy Ministry Commissions Solar Power System to Lead Clean Energy Transition

Constance
Zambia’s Ministry of Energy has taken a significant step toward sustainable energy solutions by commissioning a 121.8kW rooftop solar photovoltaic (PV) system, complete with 125kWh battery storage, at its headquarters in Lusaka. The initiative is part of the Presidential Solar Initiative, a government-led response to the 2024 drought that severely disrupted hydropower generation—the country’s primary source of electricity. During the commissioning ceremony, Minister of Energy Makozo Chikote praised the project as a benchmark for clean energy adoption within government institutions. “This rooftop solar PV system is a demonstration of our… Read More Here

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