Mining in Zambia - Copperbelt Katanga Mining

Zambia and Zimbabwe Urged to Diversify Energy Sources Amid Kariba Dam Crisis 1

A significant drop in water levels at the world’s largest man-made reservoir, the Kariba Dam, has left Zambia and Zimbabwe without power for hours, underscoring the need for both countries to diversify their energy sources, according to Zambia’s Energy Minister Makozo Chikote. “The over-dependence on hydropower has exposed the vulnerability of our energy mix,” Chikote said. “This has been a wake-up call, prompting us to consider alternative energy sources,” he added during an energy summit in Victoria Falls on Monday. The Kariba Dam, which provides the majority of electricity to… Read More Here

Mining in Zambia Copper Corporate News Mergers & Acquisitions

Mitsui & Co. Leads Bidding for First Quantum’s Zambian Copper Mines

November 21, 2024November 21, 2024 Constance

Japanese trading giant Mitsui & Co. has emerged as the top bidder for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, outpacing a rival offer from Saudi Arabia’s state-backed Manara Minerals Investment Co., according to sources familiar with the matter. Mitsui’s bid is reportedly higher than Manara’s and involves acquiring roughly a 20% interest in First Quantum’s Sentinel and Kansanshi mines for approximately $2 billion. Negotiations between Mitsui and First Quantum are underway, though no final agreement has been reached, and other outcomes, including selling the stake to… Read More Here

Mining in Zambia New Mining Projects News in Brief

Mufumbwe Residents in Zambia Celebrate Kalengwa Mine Reopening as Economic Game Changer

November 20, 2024November 20, 2024 Constance

Residents of Mufumbwe, North Western Province, have expressed their excitement over the reopening of Kalengwa Mine, calling it a transformative step for the district’s economic future. They believe the mine’s revival will create new business opportunities and generate employment, especially for young people in the area. READ MORE:President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years Speaking to ZNBC News, the residents thanked President Hakainde Hichilema for bringing development to Mufumbwe. The President is in North Western Province to reopen Kalengwa Mine, Kansenseli Gold Mine, and to commission the Kasajiko… Read More Here

Gold Mining in Zambia New Mining Projects

President Hichilema Commissions Kasenseli Mine

November 20, 2024November 20, 2024 Constance

The commissioning of Kasenseli Mine marks a historic achievement as Zambia’s first government-led gold project, implemented through the Zambia Gold Company in partnership with the Chibwika Chiefdom Development Trust in Mwinilunga. This initiative underscores the government’s dedication to fostering local community involvement and increasing Zambian participation in the mining sector. During the exploration phase, the project has already created approximately 215 jobs, with employment expected to expand to 800 positions in the second phase. An initial investment of K300 million is projected to yield annual production levels of 100 kilograms… Read More Here

Mining in Zambia New Mining Projects

President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years

November 20, 2024November 20, 2024 Constance

President Hakainde Hichilema has officially reopened the Kalengwa Mine in Mufumbwe, North-Western Province, marking the end of its 46-year closure. Speaking at the reopening ceremony, President Hichilema criticized previous administrations for failing to revive the mine and apologized to the people of Mufumbwe for decades of neglect. He expressed gratitude for their unwavering support of the UPND over 23 years, stating that the reopening of the Euro Africa Kalengwa Mine is a reward for their trust. The President reaffirmed his administration’s commitment to Zambia’s development and highlighted the strategic importance… Read More Here

Mining in Zambia Copper New Mining Projects

Mopani Copper Mines Begins Exploration Near Mufulira Mine

November 20, 2024November 25, 2024 Constance

Mopani Copper Mines has begun exploration activities around Mufulira Mine to extend its lifespan by an additional 30 years, beyond the current projection of 2034. Chief Executive Officer Charles Sakanya revealed the mining giant’s plans during a breakfast meeting with Finance and National Planning Minister Situmbeko Musokotwane in Kitwe. Mr. Sakanya emphasized that the ongoing explorations aim to identify the mineral potential of surrounding areas to secure the mine’s future. He also announced Mopani’s goal to ramp up copper production to a peak of 220,000 metric tonnes annually. Over the… Read More Here

Mining in Zambia Oil & Gas Petroleum

Zambia’s ERB Assures Stable Fuel Supply Amid Logistical Challenges

November 20, 2024November 20, 2024 Constance

The Energy Regulation Board (ERB) has assured Zambians of a stable fuel supply despite logistical challenges impacting fuel imports. ERB Director General Elijah Sichone stated during a media briefing in Lusaka that the country currently has adequate stocks of diesel and petrol. He acknowledged, however, that changes in transit fuel regulations in neighboring countries, particularly Zimbabwe, have disrupted transportation routes and slowed imports. Mr. Sichone revealed that as of November 15, 2024, a survey of 610 out of 617 retail fuel stations showed 82.1% were actively selling both diesel and… Read More Here

Mining in Zambia Infrastructural Development

Zambia Signs $110 Million Concession Agreement for Kasumbalesa Border Development and Township Roads

November 20, 2024November 20, 2024 Constance

The Zambian government has signed a $110 million concession agreement with Ndola-based ZMart Group of Companies for the development of a One-Stop Border Post at Kasumbalesa, alongside the construction of 20 kilometers of township roads in Chililabombwe and Chingola on the Copperbelt. Attorney General Mulilo Kabesha witnessed the signing, which includes plans for a 2,000-capacity truck park, a multi-facility economic zone, a fire station, 300 shops, a hotel, and a shopping mall. The agreement was signed in Ndola by Finance and National Planning Minister Situmbeko Musokotwane, Commerce, Trade, and Industry… Read More Here

Mining in Zambia Copper Economy

North-Western Province Leads Zambia’s Copper Boom and Economic Transformation

November 17, 2024November 17, 2024 Constance

Minister of Mines Paul Kabuswe has highlighted increased copper production in North-Western Province’s major mines as a testament to the sector’s robust growth. Speaking at a media briefing in Kalumbila District, Mr. Kabuswe revealed that Zambia’s annual copper production now stands at 810,000 metric tonnes. He expressed confidence that the country’s target of three million metric tonnes per year is achievable with the revival of Konkola Copper Mines (KCM) and Mopani Copper Mines, alongside new mining projects spearheaded by President Hakainde Hichilema. Mr. Kabuswe also dispelled rumors about Kansanshi gold… Read More Here

Mining in Zambia Copper Economy

Barrick Lumwana Mine to Double Copper Output by 2028

November 17, 2024November 17, 2024 Constance

Barrick Lumwana Mine is set to double its annual copper production from 120,000 metric tonnes to 240,000 metric tonnes by 2028, driven by the expansion of its Super Pit Mine. During a visit to the mine by a delegation of three Cabinet Ministers led by Minister of Mines and Mineral Development Paul Kabuswe, Barrick Lumwana Country Manager Anthony Malenga credited the anticipated growth to the government’s stable policy environment. Mr. Malenga highlighted the company’s dedication to local employment, noting that 99% of its workforce comprises Zambians, with 40% being community… Read More Here