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Category: Mining in Zambia

Lobito Corridor Platform Launched to Drive $1 Billion Investment in African Growth 1 Transport and Logistics Mining in DRC Mining in Zambia 

Lobito Corridor Platform Launched to Drive $1 Billion Investment in African Growth

Constance
The Angola Sovereign Wealth Fund (FSDEA), in partnership with entrepreneur Haim Taib — Founder of the international firm Mitrelli and the Menomadin Group — has launched a $1 billion investment initiative to accelerate development along the Lobito Corridor. This vital trade route spans Angola, Zambia, and the Democratic Republic of the Congo (DRC). The new initiative, named the Lobito Corridor Impact Development (LCID) platform, will operate as an independent investment vehicle. Its mission is to catalyze industrial and human development through strategic investments in infrastructure, agriculture, education, digital inclusion, and… Read More Here
Zambia Urged to Align Key Sectors with Mining Ambitions for Sustainable Growth 2 Mining in Zambia Copper Economy 

Zambia Urged to Align Key Sectors with Mining Ambitions for Sustainable Growth

Constance
Zambia’s push to ramp up copper production must be matched by coordinated policy efforts across other critical sectors if the country is to achieve its broader economic development goals, says economic analyst Kelvin Chisanga. While mining remains the backbone of Zambia’s economy, Mr. Chisanga warned that national progress cannot rely on mining alone. He stressed the need to strategically align sectors such as health, tourism, manufacturing, agriculture, transport, and logistics to support and sustain projected mining gains. “Mining output targets demand similar policy interests, efforts, and patterns across other sectors.… Read More Here
Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia 3 Mining in Zambia Copper Economy 

Mining Sector Recovery Boosts Kwacha and Investor Confidence in Zambia

Constance
The Advocates for National Development and Democracy (ANDD) say Zambia’s ongoing mining sector reforms are beginning to positively impact the economy, citing the recent appreciation of the Kwacha against the US dollar. ANDD Executive Director Samuel Banda attributed the currency’s recent rise to around 26.7 Kwacha per dollar in part to increased copper production. He praised recent progress in the mining industry, particularly the developments at Konkola Copper Mines (KCM), and commended Vedanta Resources for its commitment to clearing KCM’s legacy debts and outstanding payments to suppliers. Vedanta has confirmed… Read More Here
Nchanga KCM Open Pit Mining in Zambia Copper Corporate News 

KCM ACHIEVES MAJOR MILESTONE IN UNDERGROUND MINING

Constance
Konkola Copper Mines (KCM) has reintroduced raise boring technology at No.3 Shaft – Konkola Mine in Chililabombwe for the first time in 15 years, marking a major milestone in the company’s journey towards safer, more efficient, and future-ready underground mining. Raise boring is a mechanical excavation technique used to create precise vertical or inclined shafts between underground levels, without the need for blasting. It is widely regarded for its safety, speed, and efficiency. This strategic investment, executed in partnership with TUMI Raise Boring, a globally recognized specialist in the technique,… Read More Here
FQM Secures Renewable Power Deal to Boost Zambia’s Energy Security 4 Mining in Zambia Energy 

FQM Secures Renewable Power Deal to Boost Zambia’s Energy Security

Constance
First Quantum Minerals (FQM) has taken a significant step toward enhancing Zambia’s energy security and sustainability by signing an innovative agreement to source clean, reliable power from the Kariba North Bank Extension (KNBE) energy plant. This landmark deal brings together key partners—ZESCO’s subsidiary Kariba North Bank Extension Power Corporation (KNBE), GreenCo Power Services (GreenCo), and financial institutions Standard Bank Group and Stanbic Bank Zambia—to pioneer a forward-looking energy model that supports both industrial growth and renewable energy development. As part of the arrangement, KNBE secured commercial debt financing from the… Read More Here
U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor 5 Transport and Logistics Angola Mining in DRC Mining in Zambia 

U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor

Constance
The United States has announced the mobilization of nearly $6 billion to support the development of the Lobito Corridor—a key transport infrastructure project linking Angola, the Democratic Republic of Congo (DRC), and Zambia. The announcement was made on Saturday, May 10, 2025, by the U.S. State Department via its official account on the social platform X (formerly Twitter). The funding is designated for the development and construction of the Lobito Corridor, which aims to connect southern DRC and northwestern Zambia to the Atlantic port of Lobito in Angola. The corridor… Read More Here
DRC Leads Regional Push Against Mineral Smuggling at CIRGL Ministers' Meeting in Lusaka 6 Mining in DRC Mining in Zambia 

DRC Leads Regional Push Against Mineral Smuggling at CIRGL Ministers’ Meeting in Lusaka

Constance
The Minister of Mines of the Democratic Republic of Congo, His Excellency Mr. Kizito Pakabomba, participated in an extraordinary meeting of Mines Ministers from member states of the International Conference on the Great Lakes Region (ICGLR), held in Lusaka, Zambia. This high-level gathering followed two major technical meetings previously held in Nairobi, Kenya: the 26th session of the ICGLR Audit Committee and the 30th session of the Regional Committee of the Regional Initiative against the Illegal Exploitation of Natural Resources (RINR). Central to the discussions was the DRC’s formal denunciation… Read More Here
Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact 7 Mining in Zambia Copper Corporate social responsibility Economy 

Zambian Parliamentary Committee Tours FQM Mines to Assess Economic Impact

Constance
The Parliamentary Committee on National Economy, Trade and Labour Matters has conducted a high-level tour of First Quantum Minerals’ operations at Kansanshi Mining PLC and FQM Trident in Zambia’s North-Western Province. The visit is part of the committee’s oversight role to assess major investments and understand key drivers of the national economy. Led by Honourable Sibeso Sefulo, Member of Parliament for Mwandi Constituency, the delegation visited the mining sites to gain first-hand insight into their operations, scale of investment, and contribution to Zambia’s socio-economic development. The committee was welcomed by… Read More Here
Mozambique Signs Energy Agreements with Zambia and Zimbabwe to Boost Regional Integration 8 Mining in Zambia Energy Partnership 

Mozambique Signs Energy Agreements with Zambia and Zimbabwe to Boost Regional Integration

Constance
The Government of Mozambique, through the Ministry of Mineral Resources and Energy, has signed two memoranda of understanding (MoUs) with the Republics of Zambia and Zimbabwe, reinforcing a shared commitment to regional energy integration, industrialization, and sustainable development in Southern Africa. The MoUs were signed during the 11th Mining and Energy Conference (MMEC) in Maputo and align with the goals of the Southern African Development Community (SADC). The agreement with Zambia lays the groundwork for the development of a gas pipeline linking the Mozambican city of Beira to Ndola in… Read More Here
Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone 9 Mining in Zambia Corporate News Emeralds Mine Safety 

Kagem Mining Honoured for Surpassing 10 Million LTI-Free Hours in Workplace Safety Milestone

Constance
Kagem Mining Limited has been honoured by Zambia’s Mines Safety Department for achieving over 10 million hours without a Lost Time Injury (LTI), a rare and commendable milestone in the high-risk mining sector. The company reached 10,098,176 consecutive LTI-free hours, an achievement recognised during a high-level ceremony in Kitwe. The award underscores Kagem’s leadership in workplace safety, as maintaining a zero Lost Time Injury Frequency Rate (LTIFR) demonstrates a robust safety culture. A Lost Time Injury is defined as any incident that results in an employee missing work. Surpassing 10… Read More Here

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