Mining in Zambia - Copperbelt Katanga Mining

Shuka Minerals Secures £2M Loan to Finalize Kabwe Zinc Mine Acquisition and Launch Exploration 1

Shuka Minerals Secures £2M Funding to Complete Kabwe Zinc Mine Acquisition and Advance Exploration in Zambia Aim- and AltX-listed Shuka Minerals has entered into an agreement with its second-largest shareholder, Gathoni Muchai Investments (GMI), to increase its loan facility by £1.5 million. This follows an initial £500,000 Tranche 1 loan extended in December 2024, bringing GMI’s total funding commitment to Shuka to £2 million. The additional funding comes as Shuka advances toward completing its acquisition of Leopard Exploration and Mining (LEM), a Zambian mining company that owns the Kabwe zinc… Read More Here

Mining in Zambia Copper Drilling Exploration New Mining Projects

Prospect Resources Advances Phase 2 Drilling at Mumbezhi with Promising Copper Intercepts and Expanded Exploration

July 13, 2025July 13, 2025 Constance

Prospect Resources Reports Strong Copper Intercepts at Zambia’s Mumbezhi Project as Phase 2 Drilling Accelerates ASX-listed Prospect Resources has reported encouraging progress from Phase 2 diamond drilling at the Nyungu Central deposit within the Mumbezhi copper project in north-west Zambia. The latest results validate the project’s broader structural geological model, underpinned by thick and high-grade copper intercepts. In parallel, the company confirmed that Phase 2 exploration activities are also advancing at the Kabikupa deposit, where extensional drilling is progressing well. Although final assay results from Kabikupa are still pending, initial… Read More Here

Mining in Zambia Corporate News

Jubilee Metals Appoints Shard Capital as Joint Broker Amid Strategic Pivot to Zambia

July 13, 2025July 13, 2025 Constance

Jubilee Metals Names Shard Capital as Joint Broker, Advances $90M Asset Sale in South Africa Diversified metals producer Jubilee Metals Group has appointed Shard Capital Partners as its joint broker with immediate effect, replacing RBC Capital Markets. Shard Capital will now work alongside Zeus Capital to support Jubilee’s capital markets activities and investor relations. The appointment marks a renewed collaboration, as the two companies have maintained a longstanding relationship. The change in brokerage support comes as Jubilee sharpens its strategic focus on Zambia, shifting away from its South African chrome… Read More Here

Mining in Zambia Corporate News Energy

CEC to Add Over 800 MW of Solar Power to Zambia’s Grid by 2027 Amid Hydropower Shortfalls

July 13, 2025July 13, 2025 Constance

Zambia’s CEC Targets 800+ MW Solar Expansion by 2027 to Offset Hydropower Deficit Zambia’s Copperbelt Energy Corporation (CEC) plans to add more than 800 MW of solar energy to the national grid by the end of 2027, significantly expanding the country’s renewable energy portfolio. This initiative supports Zambia’s national goal to diversify its energy mix and address hydropower shortfalls caused by climate change. Historically, Zambia has relied heavily on hydropower, particularly from the Kariba Dam. Under normal conditions, the country’s share of generation from the dam is around 3 GW,… Read More Here

Mining in Zambia Copper Corporate News Economy

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

July 13, 2025July 13, 2025 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

Mining in Zambia Copper Corporate News

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

July 13, 2025July 13, 2025 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

Mining in Zambia Copper Corporate News

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

July 13, 2025July 13, 2025 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

Mining in Zambia Corporate News Events & Expos

First Quantum Minerals Empowers Zambian SMEs at 2025 Trade Fair

July 7, 2025July 7, 2025 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

Mining in Zambia Economy

Zambia’s Economy Shows Steady Growth with Positive Outlook

July 7, 2025July 7, 2025 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