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Category: Mining in Zambia

Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia 1 Copper Corporate News Mining in Zambia New Mining Projects 

Patriot Resources Acquires High-Grade Sugarloaf Copper Deposit in Zambia

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
Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise 2 Mining in Zambia Copper Corporate News Gold New Mining Projects 

Kansanshi Mine Expansion Nears Completion with Copper Output Set to Rise

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
Grizzly Mining’s Dubai Auction Nets $24.8M from Zambian Emeralds 3 Mining in Zambia Emeralds 

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

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
Lobito Corridor Platform Launched to Drive $1 Billion Investment in African Growth 4 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 5 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 6 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 7 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 8 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 9 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

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