Mining in Zambia - Copperbelt Katanga Mining

Trafigura Wins $92 Million Arbitration Award Against Zambia’s ZCCM-IH

May 30, 2026May 30, 2026 Constance

Zambia’s ZCCM-IH Ordered to Pay $92 Million to Trafigura in Copper Dispute Arbitration A London arbitration tribunal has ordered Zambia’s state-linked investment firm, ZCCM Investments Holdings Plc (ZCCM-IH), to pay approximately $92 million to global commodity trader Trafigura following a long-running dispute involving a prepayment agreement with Konkola Copper Mines. According to a statement released on the Lusaka Securities Exchange, the award includes $69.3 million in principal, $19.7 million in interest, as well as additional arbitration costs and legal fees in favor of Trafigura. ZCCM-IH said it is currently reviewing… Read More Here

Mining in Zambia Copper Corporate News Investment News

Jubilee Metals Secures $1.5m Investment to Accelerate Zambia Copper Expansion

May 29, 2026May 29, 2026 Constance

Jubilee Metals Advances Molefe Copper Growth Strategy with New Funding Investment Zambia-focused integrated copper producer and resource developer Jubilee Metals, listed on both the AIM and AltX, has secured a $1.5 million unsecured convertible loan note to accelerate development across the greater Molefe region. The investment comes from an undisclosed backer with a strong track record in copper project development, including involvement in Mantos Copper and its subsequent merger with Capstone Copper. Jubilee Metals said the funding reflects strong investor confidence in its copper exploration and mining strategy in Zambia,… Read More Here

Mining in Zambia Copper Corporate News Exploration

Arc Minerals Resolves All Zambia Legal Disputes to Refocus on Copper Exploration Growth

May 28, 2026May 28, 2026 Constance

Arc Minerals Ends All Zambia Litigation Through Comprehensive Settlement, Clearing Path for Copper Exploration Expansion London-listed Arc Minerals has reached a comprehensive settlement agreement that fully resolves all outstanding legal disputes involving the company and several related entities in Zambia. The agreement brings to a close multiple litigation proceedings that had been ongoing across various Zambian courts and tribunals, allowing the company to focus on advancing its copper exploration and development projects in Zambia and Botswana. Comprehensive settlement agreement reached The settlement was signed between Arc Minerals, Handa Resources, Unico… Read More Here

Mining in Zambia Copper Corporate News

KCM Accelerates Recovery with US$600 Million Investment and Renewed Focus on Safety, Growth, and Copper Production

May 28, 2026May 28, 2026 Constance

Konkola Copper Mines Invests US$600 Million in Revitalization as Leadership Targets 300,000 Tonnes Copper Output by 2031 Konkola Copper Mines Group CEO Deshnee Naidoo has praised employees for their commitment and dedication, expressing confidence in the company’s recovery and long-term growth strategy during a Town Hall Meeting held at the Mine Club. The meeting focused on reinforcing safety standards, improving operational performance, and updating employees on the company’s ongoing transformation and revitalization agenda. Leadership emphasizes safety and accountability Addressing employees, Ms. Naidoo stressed the importance of teamwork, accountability, and continuous… Read More Here

Mining in Zambia Investment News

ZCCM-IH AND WONDERFUL GROUP LAUNCH $30 MILLION INVESTMENT TO REVIVE NDOLA LIME

May 27, 2026May 27, 2026 Constance

ZCCM-IH and Wonderful Group Invest $30 Million to Restore Ndola Lime Production and Develop Integrated Cement Facility ZCCM Investments Holdings Plc (ZCCM-IH) has entered into a strategic joint venture with Wonderful Group of Companies Limited to restore industrial-scale lime production in Ndola and develop a new integrated lime and cement manufacturing facility on the Copperbelt. The partnership marks a major step in the revival of one of Zambia’s oldest industrial operations and reinforces efforts to strengthen local supply chains supporting the mining, construction and agricultural sectors. Under the agreement, the… Read More Here

Mining in Zambia Copper Corporate News Economy Taxes

FQM Contributes $3.46 Billion to Zambia’s Economy in 2025

May 25, 2026May 25, 2026 Constance

First Quantum Minerals Reports $3.46 Billion Economic Contribution to Zambia Through Taxes, Jobs and Procurement in 2025 Canadian mining company First Quantum Minerals has reported a total economic contribution of approximately $3.46 billion to Zambia in 2025, according to its latest Tax Transparency and Economic Contributions Report. The report highlights the company’s significant role in the Zambian economy through taxation, employment, procurement, and community investment activities across its mining operations. During the year, First Quantum Minerals employed more than 12,000 people in Zambia and engaged over 11,500 contractors, while also… Read More Here

Copper Corporate News Mining in Zambia

KCM Restarts Chingola “B” Mine After 18-Year Shutdown in Major Zambia Copper Expansion Push

May 23, 2026May 23, 2026 Constance

Konkola Copper Mines Restarts Chingola B Mine After 18 Years as Zambia Targets 3 Million Ton Copper Output by 2031 Konkola Copper Mines (KCM) has resumed mining operations at its Chingola “B” Mine, marking the restart of activity after 18 years of closure. The move forms part of Zambia’s broader strategy to significantly scale up copper production as the country targets more than 3 million tonnes of annual output by 2031. The Chingola B Mine is located within the larger Nchanga mining complex and is expected to play a key… Read More Here

Mining in Zambia Economy Gold

ZCCM-IH Forms Gold Development Joint Venture for Kikonge Project in Zambia

May 23, 2026May 23, 2026 Constance

ZCCM-IH Launches Kyalo Goldfields JV to Develop Kikonge Gold Project and Expand Zambia’s Gold Value Chain ZCCM Investments Holdings Plc (“ZCCM Investments Holdings Plc”) has announced a major step forward in its gold sector expansion strategy following the incorporation of a new special purpose vehicle, Kyalo Goldfields Limited (“KGL”), to develop the Kikonge gold project in Zambia’s North Western Province. The announcement follows a memorandum of understanding signed on 19 December 2025 between ZCCM-IH, the Ministry of Mines and Mineral Development (“MOMMD”), and Mining Mineral Resources SAS (“MMR”) for the… Read More Here

Battery Metals Copper Lithium Mining in Zambia

Sinomine Seeks $764 Million to Expand African Lithium and Copper Projects

May 20, 2026May 20, 2026 Constance

China’s Sinomine Raises Up to $764 Million for Zimbabwe Lithium and Zambia Copper Projects Chinese mining and battery materials company Sinomine Resource Group Co. is seeking to raise up to 5.2 billion yuan ($764 million) through a private placement to support the expansion of its critical minerals projects in Africa and China. According to a stock exchange filing released Tuesday, the funds will be used to finance the company’s lithium sulfate project in Zimbabwe, accelerate development of its Kitumba copper mine in Zambia, support a cesium and rubidium project in… Read More Here

Mining in Zambia Copper

Zambia approves limited sulphuric acid exports to DRC as copper smelters resume shipments

May 15, 2026May 15, 2026 Constance

Zambia Eases Sulphuric Acid Export Ban as Copperbelt Supply Conditions Improve Zambia has approved the resumption of limited sulphuric acid exports to the Democratic Republic of Congo (DRC) after easing restrictions introduced earlier this year, according to the country’s trade minister. The decision allows two major copper producers Chambishi Copper Smelter and Mopani Copper Mines to restart shipments of the key industrial chemical used in copper and cobalt processing. Zambia, Africa’s second-largest copper producer, generates around 2 million metric tons of sulphuric acid annually as a byproduct of smelting operations.… Read More Here