Mining in Zambia - Copperbelt Katanga Mining

FQM DRIVES ZAMBIAN MINING GROWTH WITH LANDMARK COPPERBELT GEOLOGICAL SURVEY 1

LUSAKA, ZAMBIA – Recognising the vast untapped potential of the Copperbelt Province, First Quantum Minerals (FQM) has handed over a ground-breaking aerial geological survey of the Copperbelt to the Zambian government. The survey, entirely funded by FQM, addresses the lack of comprehensive documentation of the region’s mineral wealth, despite over a century of mining operations. Now complete, the survey has been officially handed-over to Zambia’s Minister of Mines and Mineral Development during a ceremony hosted by His Excellency President Hakainde Hichilema. The airborne geophysical data, which is available through the… Read More Here

Mining in Zambia Infrastructural Development

Lusaka-Ndola Dual Carriageway to Assess Long-Term Concession Viability in Developing Economies

January 27, 2025January 27, 2025 Constance

The Lusaka-Ndola dual carriageway project, a 327-kilometre road linking Lusaka with Ndola, will serve as a key test for the viability of long-term concessions in developing economies, according to Vicente Valencia, a Public-Private Development (PPD) specialist. With a total cost of US$650 million, the project has a 25-year concession period, consisting of three years for construction and 22 years for operation. Valencia emphasized that the success of this ambitious project hinges on factors such as toll affordability and traffic volume, which are critical to its long-term sustainability. Valencia highlighted the… Read More Here

Mining in Zambia Electricity Energy Events & Expos

President Hichilema Focuses on Solar Energy and Electricity Solutions at Africa Energy Summit

January 27, 2025January 27, 2025 Constance

President Hakainde Hichilema has stated that Zambia is on track to addressing its electricity challenges. He emphasized that the government is working diligently to reduce reliance on hydropower by investing in solar energy. While drought poses a challenge, President Hichilema views it as an opportunity to redirect resources into investments like electricity. He made these comments to journalists at the Zambia Air Force Base, Kenneth Kaunda International Airport, before departing for Tanzania to attend the 300 Africa Energy Summit in Dar es Salaam on January 28, 2025. The summit, he… Read More Here

Mining in Zambia Economy Electricity

World Bank Approves $292 Million for Zambia-Tanzania Power Interconnector

January 27, 2025January 27, 2025 Constance

The World Bank has approved a $292 million grant to support the Zambia-Tanzania Interconnector Project (ZTIP), designed to tackle key challenges in the energy sector and enhance regional power transmission. Of the total financing, $245 million comes from the World Bank’s International Development Association (IDA), with additional funding from the UK’s Foreign, Commonwealth, and Development Office (FCDO), contributing $17 million, and $30 million from the European Union. Achim Fock, World Bank Country Manager for Zambia, emphasized the project’s importance in addressing Zambia’s significant energy sector challenges. He pointed out that… Read More Here

Transport and Logistics Angola Mining in DRC Mining in Zambia

SADC Launches Lobito Corridor Transit Secretariat to Boost Regional Trade and Infrastructure

January 27, 2025January 27, 2025 Constance

The Southern African Development Community (SADC) Secretariat, in partnership with the three Lobito Corridor Member States, has officially launched the Lobito Corridor Transit Transport Interim Secretariat Headquarters in Lobito, Angola. This announcement follows the 2nd Lobito Corridor Committee of Ministers meeting held on January 22, 2025. At the meeting, Honourable Ricardo Viegas de Abreu, Minister of Transport for Angola, emphasized the strategic role of the Lobito Corridor in promoting intra-African trade and enhancing Africa’s competitiveness in the global market. He explained that planned infrastructure developments would reduce transit times and… Read More Here

Mining in Zambia Copper Corporate News Press Release

Barrick’s Lumwana Mine Fuels Zambia’s Economic Growth With Major Expansion on the Horizon

January 27, 2025January 27, 2025 Constance

Lumwana Mine, Zambia – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reaffirmed its commitment to Zambia’s economic growth, contributing over $3.7 billion since 2019. In 2024 alone, Lumwana’s operations contributed $887 million to the economy through royalties, taxes, salaries and procurement of goods and services, solidifying its position as one of the nation’s top five taxpayers. Copper production for 2024 was within guidance, supported by investments in operator training and an upgraded ultra-class fleet. Lumwana remains a leader in advancing local content, with 72% of the $906 million spent on goods and services in… Read More Here

Mining in Zambia New Mining Projects

Tertiary Minerals Discovers Significant Silver and Cobalt Deposits at Mushima North in Zambia

January 26, 2025January 26, 2025 Constance

Shares in Tertiary Minerals PLC (AIM: TYM) surged 16% after the company announced the discovery of economically significant silver and cobalt mineralisation at its Mushima North Project in Zambia. The UK-based exploration and production company confirmed high-grade silver deposits, with drill results showing 59 metres grading 25 grams per tonne (g/t) silver, 0.2% copper, and 0.16% zinc. A higher-grade zone of 26 metres at 36g/t silver was also identified, while another drill hole ended in mineralisation grading 49g/t silver, indicating further potential. In addition to the silver, a second drill… Read More Here

Mining in Zambia New Mining Projects Uranium

GoviEx Highlights Strong Economics and Low-Cost Potential for Muntanga Uranium Project in Zambia

January 26, 2025January 26, 2025 Constance

GoviEx Uranium, listed on the TSX-V, has announced robust feasibility study results for its Muntanga uranium project in Zambia. The study highlights the project’s low technical risk and confirms its potential as a shallow open-pit mine with a heap leaching operation. The feasibility study estimates an after-tax net present value (NPV) of $243 million, with an internal rate of return (IRR) of 20.8%, based on a triuranium octoxide (U3O8) price of $90 per pound. For every $5 increase in the U3O8 price, the NPV increases by $45 million. The project… Read More Here

Mining in Zambia Artisanal mining

Zambia Army Cracks Down on Illegal Mining Operations in Mapatizya

January 26, 2025January 26, 2025 Constance

The Zambia Army has uncovered an illegal mining operation in the Mapatizya area of Zimba District, Southern Province. During the operation, the army discovered two warehouses where illegal stones were being processed and impounded a truck carrying 28 tonnes of the illicit materials. Zambia Army Commander Lieutenant General Geoffrey Zyeele revealed this development during a courtesy call on Livingstone Mayor Constance Muleabai. General Zyeele clarified that the army’s involvement in combating illegal mining should not be mistaken for an interest in the mining sector. “Our focus is to eliminate all… Read More Here

Mining in Zambia Copper Economy

Zambia’s Mining Sector Sees Promising Turnaround with Policy-Driven Resilience

January 26, 2025January 26, 2025 Constance

Zambia’s mining sector has shown a promising turnaround, with economic expert Kelvin Chisanga commending its resilience and policy-driven improvements. Reflecting on the sector’s performance, Chisanga highlighted that despite a 20% decline in production in 2023, the 12% growth recorded in 2024 demonstrates the effectiveness of government policies and the commitment of key stakeholders. “The positive growth can largely be attributed to the government’s efforts to resolve legacy issues at Mopani Copper Mine and Konkola Copper Mine,” Chisanga stated. He acknowledged the significant contributions of major players such as Barrick Gold… Read More Here