Mining in Zambia - Copperbelt Katanga Mining

ZCCM IH Reports Record 2024 Profit Driven by Mopani Equity Deal

May 10, 2025May 10, 2025 Constance

ZCCM-Investment Holdings (ZCCM-IH) has reported a record profit of K42.30 billion (US$1.62 billion) for 2024 — a dramatic turnaround from the previous year’s loss of K4.08 billion (US$199 million). In a statement, ZCCM-IH Company Secretary Charles Mjumphi credited the remarkable performance to the successful implementation of the Mopani Strategic Equity Partner (SEP) transaction. “This substantial increase in earnings is primarily attributed to the successful implementation of the Mopani SEP transaction,” Mjumphi stated. The transaction repositioned Mopani Copper Mines Plc as a financially viable operation and facilitated the settlement of K44.72… Read More Here

Mining in Zambia Copper Corporate News Economy

Vedanta Seeks $1 Billion to Boost Copper Output at Zambia’s KCM

May 9, 2025May 9, 2025 Constance

Vedanta Resources Ltd.’s Zambian copper mining unit has appointed Rand Merchant Bank (RMB) to help raise up to $1 billion in debt financing to support the expansion of its operations at Konkola Copper Mines (KCM). The move comes ten months after Vedanta — owned by Indian billionaire Anil Agarwal — regained control of an 80% stake in KCM following a lengthy dispute with the Zambian government. As part of the settlement, Vedanta committed to invest $1 billion in revitalizing the mining complex. Since then, the company has injected $330 million,… Read More Here

Mining in Zambia Emeralds

Kagem Resumes Targeted Mining to Boost Premium Emerald Recovery

May 9, 2025May 9, 2025 Constance

Kagem Mining Limited, Zambia’s leading emerald producer, is set to resume focused open-pit mining operations to boost the recovery of premium-quality emeralds, Gemfields Group Limited announced yesterday. Located in Lufwanyama District, the Kagem mine is 75% owned by UK-based Gemfields and 25% by the Zambian government through the Industrial Development Corporation (IDC). Mining activities had been suspended since January 1, 2025, as part of a strategic cost-saving initiative. During the pause, operations shifted to processing existing ore stockpiles using an upgraded plant. Although emerald production continued steadily in terms of… Read More Here

Mining in Zambia Electricity Mining in DRC

Zambia Approves Cross-Border Power Line to DRC Amid Growing Mining Demand

May 9, 2025May 9, 2025 Constance

Zambia’s Energy Regulation Board has approved the Kalumbila-Kolwezi Interconnection Project (KKIP), paving the way for a new 330 kV high-voltage transmission line linking Zambia and the Democratic Republic of Congo (DRC). The approval, granted on May 6, 2025, marks a major milestone in the development of the 190-kilometre project. Led by Enterprise Power DRC (Enpower), a private electricity trading firm, the KKIP has been in development for several years. While Zambia’s greenlight is a key step forward, the project is still awaiting approval from the DRC’s electricity regulator. Comprehensive feasibility… Read More Here

Mining in Zambia Hydro power plant

Zambia, Zimbabwe Revive Batoka Gorge Project with Congo River Water Plan

May 4, 2025May 4, 2025 Constance

Zambia and Zimbabwe are intensifying efforts to attract investment for the long-delayed $5 billion Batoka Gorge hydropower project by revisiting a controversial plan to divert water from the Democratic Republic of Congo (DRC). The Zambezi River Authority (ZRA), a joint agency managing the Kariba Dam on behalf of both countries, has formed a dedicated team to engage potential investors for the 2,400-megawatt power project, according to CEO Munyaradzi Munodawafa. “Our resource mobilization effort is targeting a timeframe of 12 to 18 months, depending on investor confidence, market conditions, and continued… Read More Here

Mining in Zambia Copper Corporate News

Vedanta Considers Listing Zambian Copper Unit to Fund $1 Billion Investment

May 3, 2025May 3, 2025 Constance

Vedanta Resources, the mining and energy conglomerate led by Indian billionaire Anil Agarwal, is exploring a possible stock market listing of its Zambian copper division to raise capital for major investment in the asset. “Listing is an option,” said Ajay Goel, Chief Financial Officer of Vedanta Ltd., adding that while no specific timeline has been set, the idea is actively being considered. He did not disclose the potential size or location of the listing. The move follows Vedanta’s reinstatement as the operator of Konkola Copper Mines (KCM) in Zambia last… Read More Here

Mining in Zambia Energy

Zambia Advances $500 Million Solar Energy Drive to Power 130,000 Homes

May 3, 2025May 3, 2025 Constance

ZESCO, Zambia’s state-owned energy utility, has announced a series of upcoming initiatives aimed at boosting renewable energy and improving national energy resilience. Central to these efforts is a Presidential Solar Directive designed to provide clean energy to 130,000 households across the country. The announcement was made on Tuesday by Charles Kaisala, a ZESCO board member and energy policy chairman for the ruling United Party for National Development (UPND), during a party event held in Lusaka. The directive, championed by the government, focuses on accelerating rooftop solar panel installations and introducing… Read More Here

Copper Economy Mining in Zambia

Zambia’s Copper Sector Gains Momentum with 30% Output Increase in Q1 2025

May 2, 2025May 2, 2025 Constance

Zambia’s copper production surged by approximately 30% in the first quarter of 2025, reaching around 224,000 metric tonnes compared to 173,000 metric tonnes during the same period in 2024, according to Mines Minister Paul Kabuswe. In a statement issued on Wednesday, Kabuswe attributed the increase to improved production at two major operations—Konkola Copper Mines (KCM) and Mopani Copper Mines—both of which have seen renewed investment and operational recovery. This follows Zambia’s announcement earlier in January that total copper output for 2024 rose by 12%, hitting roughly 820,670 metric tonnes, up… Read More Here

Mining in Zambia Gemstones

Gemfields Earns $16.4 Million from Commercial-Quality Emerald Auction in India

April 30, 2025April 30, 2025 Constance

AIM-listed Gemfields has reported $16.4 million in revenue from its latest auction of commercial-quality rough emeralds sourced from its 75%-owned Kagem mine in Zambia. The auction took place in Jaipur, India, from April 11 to 29, where 32 out of 36 lots were sold at an average price of $6.87 per carat. This marks a strong recovery from the underwhelming auction results of September 2024, with improved buyer sentiment and competitive bidding across a broader quality range. Since July 2009, Gemfields has held 51 auctions of Kagem emeralds, generating a… Read More Here

Mining in Zambia Oil & Gas

Zambia’s Energy Ministry Opens Bidding for Tazama Pipeline Access

April 28, 2025April 28, 2025 Constance

The Ministry of Energy has officially opened the bidding process for oil marketing companies (OMCs) seeking access to the Tazama pipeline. This follows the successful completion of a review of the guidelines governing the Tazama Pipeline Open Access Framework. According to Principal Public Relations Officer Bob Sianjalika, both local and foreign OMCs are now invited to submit their bids for the use of the pipeline to transport diesel from Dar es Salaam to Zambia. The deadline for submitting bids is set for April 30, 2025. Sianjalika emphasized that the open… Read More Here