You are here

Category: Mining in Zambia

First Quantum Takes Cautious Approach to Selling Zambian Mine Stake 1 Mining in Zambia Copper Corporate News 

First Quantum Takes Cautious Approach to Selling Zambian Mine Stake

Constance
First Quantum Minerals is in no rush to sell a minority stake in its Zambian copper mines, CFO Ryan MacWilliam told analysts following the company’s fourth-quarter results. The Toronto-based miner aims to secure a long-term partner but has set no fixed timeline for the sale. “We have been consistent throughout that any arrangements we enter into in Zambia will be for the next 25 years,” MacWilliam stated. “It’s really about getting the right agreement rather than a quick agreement.” Saudi Arabian mining firm Manara is reportedly in advanced discussions to… Read More Here
Bank of Zambia to Launch New Currency Family in March 2025 2 Mining in Zambia Economy 

Bank of Zambia to Launch New Currency Family in March 2025

Constance
The Bank of Zambia has announced the introduction of a new series of currency, set to launch on March 31, 2025. The updated currency family includes six banknotes (K500, K200, K100, K50, K20, and K10) and six coins (K5, K2, K1, 50N, 10N, and 5N). The alpha code (ZMW), numeric code (967), and currency symbol (K) will remain unchanged, preserving the value of the currency. The new banknote designs draw inspiration from Zambia’s rich heritage and natural beauty, featuring the African Fish Eagle, six of the country’s key waterfalls, and… Read More Here
Zambia Raises Interest Rate to Stabilize Kwacha and Curb Inflation 3 Mining in Zambia Economy 

Zambia Raises Interest Rate to Stabilize Kwacha and Curb Inflation

Constance
The Bank of Zambia has raised its base interest rate by 0.5 percentage points, increasing it from 14% to 14.5%, in an effort to stabilize the Kwacha and control inflation. The decision was announced following the Monetary Policy Committee (MPC) meeting held from February 10-11, with Governor Dr. Denny Kalyalya stating that the move aims to steer inflation back within the target range of 6-8% over the medium term. “The relatively higher inflation outlook for 2025 is largely driven by recent inflationary pressures and the continued depreciation of the exchange… Read More Here
SADC Member States Address Kasumbalesa Border Issues for Improved Regional Trade 4 Mining in Zambia Mining in DRC Transport and Logistics 

SADC Member States Address Kasumbalesa Border Issues for Improved Regional Trade

Constance
From February 4-7, representatives from Southern African Development Community (SADC) Member States convened in Harare to address the persistent challenges at the Kasumbalesa Border Post, a vital trade hub between Zambia and the Democratic Republic of Congo (DRC). The meeting, organized by the SADC Secretariat and supported by the German Federal Ministry for Economic Cooperation and Development (BMZ), aimed to find lasting solutions to congestion, trade facilitation delays, infrastructure shortcomings, and security concerns affecting truck drivers and the broader trade community. Attended by officials from 10 SADC Member States—including Angola,… Read More Here
ZCCM-IH Highlights Mining and Energy Growth at Mining Indaba 2025 5 Mining in Zambia Copper Events & Expos 

ZCCM-IH Highlights Mining and Energy Growth at Mining Indaba 2025

Constance
At the 2024 Indaba conference in Cape Town, Zambia showcased its mining sector under the theme “Transforming Tomorrow, Delivering Today.” ZCCM Investments Holdings (ZCCM-IH) Board Chairperson, Kakenewa Muyangwa, reaffirmed the company’s commitment to driving economic development and unlocking Zambia’s mining potential. Speaking at the country showcase, Muyangwa emphasized ZCCM-IH’s pivotal role in shaping Zambia’s economic future. “Our mission is to create value for shareholders, contribute to economic growth, and positively impact the communities we serve,” he stated. Over the past year, ZCCM-IH made significant strides in “delivering today” by unlocking… Read More Here
Three Oil Marketing Companies Secure Contracts Under TAZAMA Pipeline Open Access 6 Mining in Zambia Oil & Gas 

Three Oil Marketing Companies Secure Contracts Under TAZAMA Pipeline Open Access

Constance
The TAZAMA Pipeline Open Access Selection Committee has awarded contracts to three oil marketing companies (OMCs) to supply low-sulfur gas oil to Zambia, marking a significant step in the country’s fuel supply strategy. Indeni Energy Company Limited, Boltt Global Solutions Limited, and a joint venture between Titanium Oil Corporation and ADNOC will begin utilizing the TAZAMA Pipeline in April 2025. According to the Ministry of Energy, each company has been contracted to supply 35,000 metric tonnes of diesel, totaling 105,000 metric tonnes. The contracts are valued at $2.94 million, with… Read More Here
President Hichilema Strengthens Zambia-Japan Ties to Boost Investment 7 Mining in Zambia Economy 

President Hichilema Strengthens Zambia-Japan Ties to Boost Investment

Constance
President Hakainde Hichilema has concluded a successful working visit to Japan, aimed at attracting investment to drive economic growth and improve the lives of Zambians. The visit featured a high-level meeting with Japanese Prime Minister Shigeru Ishiba and a business forum showcasing Zambia’s investment potential. During discussions with Prime Minister Ishiba, President Hichilema reaffirmed Zambia’s strong diplomatic ties with Japan and emphasized the shared commitment to expanding trade and investment. Both leaders pledged to build on existing agreements, including the policy dialogue mechanism and the investment promotion and protection agreement.… Read More Here
Zambia Emphasizes Copper Production Growth to 3 Million Tonnes by 2032 At Mining Indaba 8 Mining in Zambia Copper Economy Events & Expos 

Zambia Emphasizes Copper Production Growth to 3 Million Tonnes by 2032 At Mining Indaba

Constance
Zambia made a commanding statement at the 2025 Mining Indaba, drawing global attention with a packed Country Showcase that underscored its rising influence in the mining sector. As Africa’s second-largest copper producer and an emerging hub for critical minerals like cobalt and lithium, Zambia positioned itself as a premier investment destination, backed by stable policies and ambitious production targets. The Zambian government laid out an aggressive plan to ramp up copper output to 3 million tonnes per year by 2032. Finance Minister Dr. Situmbeko Musokotwane emphasized the nation’s commitment to… Read More Here
Jubilee Metals Boosts Copper Production in Zambia with High-Grade Feed at Roan 9 Mining in Zambia Copper Corporate News New Mining Projects 

Jubilee Metals Boosts Copper Production in Zambia with High-Grade Feed at Roan

Constance
London- and Johannesburg-listed Jubilee Metals has restarted its Roan operations in Zambia following stable power restoration. The company is also accelerating copper production by prioritizing the processing of newly secured high-grade copper feed. In response to power outages that disrupted operations in December and January, Jubilee implemented a new power agreement on January 20. With production stability restored, the company has shifted its focus to maximizing output and operational efficiency. Jubilee is prioritizing high-grade copper feed while reviewing options to trade surplus lower-grade stock that does not align with short-… Read More Here
Vedanta Seeks $1 Billion to Boost Konkola Copper Mines Production 10 Mining in Zambia Copper Corporate News 

Vedanta Seeks $1 Billion to Boost Konkola Copper Mines Production

Constance
Vedanta Resources is looking to raise approximately $1 billion in debt financing to develop Zambia’s Konkola Copper Mines (KCM), according to Chris Griffith, head of the company’s base metals division. While Vedanta previously considered selling at least 30% of its 80% stake in KCM, Griffith indicated that a sale now appears unlikely. “There is a much higher likelihood that we can raise the funds through various financing options,” he told Reuters on the sidelines of the Mining Indaba conference in Cape Town. “We own 80% of the business and clearly,… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.