Mining in Zambia - Copperbelt Katanga Mining

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

Mining in Zambia Electricity

ZESCO Accelerates Solar Expansion with 500 MW Boost to the National Grid

April 28, 2025April 28, 2025 Constance

ZESCO has announced plans to add approximately 500 megawatts (MW) of solar-generated electricity to Zambia’s national grid to help address the country’s energy deficit. Of this target, 134 MW are expected to come online within the next three months. ZESCO Managing Director Justin Longo explained that the move is necessary to mitigate the impact of reduced hydroelectric generation caused by drought conditions. Mr. Longo outlined several key projects: Chisamba will contribute 100 MW, Mansa 25 MW, Kasupe 7.5 MW, and Shangombo 2 MW. In addition, the micro-generator scheme and the… Read More Here

Mining in Zambia Corporate News Technology & Innovation

FQM Partners with ICTAZ to Drive Professionalism and Innovation in Zambia’s Tech Sector

April 27, 2025April 27, 2025 Constance

In a bid to foster professionalism and innovation in Zambia’s tech sector, First Quantum Minerals (FQM) has made a K200,000 donation to the ICT Association of Zambia (ICTAZ) in support of its upcoming 2025 Annual General Meeting (AGM). The ICTAZ AGM serves as a crucial platform for over 600 professionals to explore the role of Information and Communication Technology (ICT) in national development. This year’s theme, “Exploring AI’s Potential to Accelerate Digital Transformation and Economic Growth in Zambia,” aligns with the drive to harness innovation and efficiency in key sectors.… Read More Here

Mining in Zambia Energy Events & Expos

Zambia Reinforces Commitment to Clean Energy at London Summit

April 27, 2025April 27, 2025 Constance

Zambia has reaffirmed its dedication to clean energy and sustainable development during the high-level Summit on the Future of Energy Security, currently taking place in London. Minister of Energy Makozo Chikote is leading the Zambian delegation at the two-day global event, co-hosted by the United Kingdom and the International Energy Agency (IEA). The summit brings together key ministers, investors, policy experts, and energy stakeholders to foster international cooperation in tackling emerging challenges within the energy sector, including digitalization, climate change, and the growing adoption of renewable energy technologies. Speaking on… Read More Here

Mining in DRC Angola Economy Mining in Zambia Transport and Logistics

U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies

April 27, 2025April 27, 2025 Constance

On April 17, 2025, U.S. Senior Advisor Massad Boulos announced that Washington would continue supporting the Lobito Corridor, a major rail and road project connecting the Democratic Republic of Congo’s (DRC) mineral-rich regions to Angola’s Atlantic port. The statement followed his visit to the DRC, Rwanda, Uganda, and Kenya. “We fully support the Lobito Corridor, a huge project vital not only for the economies of Congo, Zambia, and Angola but for the entire region,” Boulos said during a press briefing. He noted that the U.S. Development Finance Corporation is a… Read More Here

Mining in Zambia

Firering Advances Quicklime Production at Zambia’s Limeco Project

April 25, 2025April 25, 2025 Constance

AIM-listed Firering Strategic Minerals has announced notable progress in the commercial ramp-up of its Limeco quicklime project in Zambia. The project is strategically positioned to become a key supplier of high-quality quicklime (calcium oxide – CaO) to the growing copper production sector in the Central African Copperbelt. The company confirmed that it has successfully produced commercial-grade quicklime, setting the stage for its first sales. Optimisation of Kiln 1 is ongoing, with daily output now exceeding 50 tonnes and steadily increasing. Firering CEO Yuval Cohen noted that although the ramp-up is… Read More Here

Mining in Zambia Copper Corporate News Economy

Vedanta Explores U.S. Listing for KCM to Raise $1 Billion

April 25, 2025April 25, 2025 Constance

Vedanta Resources is exploring a potential U.S. public listing for its Zambian subsidiary, Konkola Copper Mines (KCM), as part of efforts to raise approximately $1 billion to fund mine development. The company has appointed Barclays and Citigroup to advise on a potential initial public offering (IPO), which is still in the early stages. New York is being considered as one of the possible listing locations. While no timeline has been confirmed, the listing is seen as one of the most viable options after previous attempts to secure private investment did… Read More Here

Mining in Zambia Economy

Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery

April 23, 2025April 23, 2025 Constance

For the first time in six years, Zambia is on track to bring its inflation rate within the central bank’s target range—a key milestone in the country’s economic recovery. Secretary to the Treasury, Felix Nkulukusa, announced on Thursday that annual consumer price inflation is projected to fall below 8% by the end of 2025, aligning with the Bank of Zambia’s target range of 6% to 8%. “We expect inflation to continue to decline,” Nkulukusa said during a speech in Lusaka. “We are confident that we can probably reach the 6–8%… Read More Here