Mining in Zambia - Copperbelt Katanga Mining

Mining in Zambia Copper New Mining Projects

President Hichilema Reopens Lubambe Mine Under Chinese Ownership

May 31, 2025May 31, 2025 Constance

CHILILABOMBWE, ZAMBIA – President Hakainde Hichilema has officially re-launched operations at Lubambe Copper Mine Limited in Chililabombwe, under the new ownership of Chinese firm JCHX Mining Limited, marking a new chapter in Zambia’s mining revival and strategic partnership with China. Speaking during a ceremony held at the mine, President Hichilema highlighted the tangible benefits emerging from Zambia’s strengthened cooperation with China, citing ongoing developments such as the 28 Shaft project in Luanshya, the revitalization of Mulungushi Textiles in Kabwe, and the significant investment in sinking two new shafts at Lubambe.… Read More Here

Mining in Zambia Battery Metals Cobalt Copper New Mining Projects

New US-Zambia Copper-Cobalt Venture Launched with $100M Investment

May 30, 2025May 30, 2025 Constance

US-based critical minerals developer Terra Metals and resource investment firm Metalex Commodities have finalized an agreement to establish Lunda Resources, a new copper and cobalt production venture in Zambia that both companies describe as a potential “powerhouse” in the global critical minerals market. A formal signing ceremony is set to take place at the US Embassy in Lusaka, underscoring the initiative’s alignment with US government priorities on securing critical mineral supply chains. In a statement released Wednesday, Terra Metals said the agreement represents a significant diplomatic and commercial milestone for… Read More Here

Mining in Zambia Energy

CEC Becomes First LuSE-Listed Company to Surpass $1 Billion Market Capitalisation

May 30, 2025May 30, 2025 Constance

The Copperbelt Energy Corporation (CEC) has made history by becoming the first company listed on the Lusaka Securities Exchange (LuSE) to achieve a market capitalisation exceeding US$1 billion — a landmark moment for both Zambia’s capital markets and the energy sector. The milestone was announced by Verona Nkolola, CEC’s Head of Corporate Communications and Investor Relations, following a 6.19% increase in the company’s share price, which rose from K16.65 to K17.68 on May 22, 2025. The surge propelled CEC’s valuation beyond the billion-dollar mark. “This historic achievement reflects strong investor… Read More Here

Mining in Zambia Copper New Mining Projects

President Hichilema to Recommission Deep Shaft at Lubambe Mine Amid Renewed Mining Sector Growth

May 30, 2025May 30, 2025 Constance

President Hakainde Hichilema is set to recommission the deep shaft at Lubambe Mine in Chililabombwe, located in Zambia’s Copperbelt Province, on Friday. The announcement was made by Chief Government Spokesperson Cornelius Mweetwa during a press conference held in Choma on Thursday. “On Friday, the President will officiate at the recommissioning of the Lubambe deep shaft, where two deep shafts are either being commissioned or prepared for construction,” said Mr. Mweetwa. He added that this development reflects the positive impact of recent economic growth and a renewed commitment from the business… Read More Here

Mining in Zambia Copper Corporate News

Jubilee Metals Secures Long-Term Feedstock Deal to Boost Copper Production in Zambia

May 30, 2025May 30, 2025 Constance

Diversified metals producer Jubilee Metals has signed a long-term feedstock supply agreement for its Roan concentrator in Zambia, following successful processing trials of high-grade shallow transition copper ore. Production under the new supply deal has already commenced. “This eight-week trial period has confirmed Roan’s unique ability to process transitional copper reefs, which are widely available both at surface and near-surface levels,” said Jubilee Metals CEO Leon Coetzer. Under the agreement, the Roan concentrator will sustain a run-of-mine (ROM) throughput of 35,000 to 40,000 tons per month, producing 240 to 360… Read More Here

Mining in Zambia Copper Corporate News New Mining Projects

Minister Kabuswe Commends Progress on FQM’s Kansanshi S3 Expansion

May 28, 2025May 29, 2025 Constance

Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently conducted a site inspection at First Quantum Minerals’ (FQM) Kansanshi Mining PLC to review progress on the company’s flagship S3 Expansion Project. He was received by FQM Country Manager Dr. Godwin Beene, Kansanshi Mining PLC Assistant General Manager Axel Kottgen, and FQM Corporate Affairs Manager Kyansenga Chitoshi. During the visit, the Minister was briefed on the project’s key milestones and current status. He commended the Kansanshi team for staying on schedule and noted that the visible progress was a clear… Read More Here

Copper Corporate News Mining in Zambia New Mining Projects

Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia

May 25, 2025May 25, 2025 Constance

ASX-listed Patriot Resources has announced the acquisition of the high-grade Sugarloaf copper deposit, located in the Mumbwa district of Zambia. The deposit, based on historical drilling data, has an exploration target of between 1.6 million and 2.5 million tonnes at grades ranging from 2.0% to 2.5% total copper, representing an estimated 32,000 to 62,500 tonnes of contained copper. Sugarloaf lies just 4.4 km southeast of Sinomine’s Kitumba copper deposit and its under-construction smelter, which Patriot plans to use for ore processing. “Upon completion of this acquisition, Patriot will hold a… Read More Here

Mining in Zambia Copper Corporate News Gold New Mining Projects

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

May 25, 2025May 25, 2025 Constance

The expansion of the Kansanshi copper and gold mine near Solwezi in Zambia’s North-Western Province is now 80% complete, according to the mine’s Assistant General Manager, Axel Kotten. The upgrade, known as the S3 Expansion Project, aims to significantly increase the mine’s output, reinforcing Zambia’s role as a global copper powerhouse. Minister of Mines and Mineral Development, Hon. Paul Kabuswe, recently visited the site to assess progress and reaffirm the government’s commitment to supporting the mining sector’s growth. Once complete, the expansion is expected to greatly enhance copper production and… Read More Here

Mining in Zambia Emeralds

Grizzly Mining’s Dubai Auction Nets $24.8M from Zambian Emeralds

May 23, 2025May 23, 2025 Constance

Grizzly Mining, a leading Zambian rough emerald producer, has announced revenue of $24.8 million from its most recent international emerald auction held in Dubai this past May. The auction featured medium- to high-grade rough emeralds sourced from the company’s flagship Grizzly Emerald Mine in Zambia. Of the 112 lots offered, 105 were sold—representing a 93.75% success rate—amounting to a total of 1.49 million carats sold. A standout of the event was the sale of the remarkable 6,620-carat Pilala stone, a vivid green emerald with exceptional transparency and intense fluorescent colour.… Read More Here

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

May 21, 2025May 21, 2025 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