Mining in Zambia - Copperbelt Katanga Mining

GoviEx Highlights Strong Economics and Low-Cost Potential for Muntanga Uranium Project in Zambia 1

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

Mining in Zambia Copper

Zambia’s Mines Minister Highlights Strong Growth in Mining Sector

January 23, 2025January 23, 2025 Constance

Zambia’s mining sector is experiencing significant growth, as Minister of Mines Paul Kabuswe highlighted during a press conference on January 22, 2025. The sector’s robust performance, driven by increased copper production and enhanced employment figures, is contributing to economic growth and local development. Copper production rose by 12% in 2024, with notable contributions from Lumwana and First Quantum Mines. Mopani Copper Mines also saw impressive results, including a workforce increase from 10,765 to 12,684 employees, alongside a rise in copper grades from 1.68% to 2.21%. As a result, production surged… Read More Here

Mining in Zambia Corporate News Electricity

Jubilee Metals Secures New Power Supply Agreement in Zambia for Stable Operations

January 23, 2025January 23, 2025 Constance

London- and Johannesburg-listed Jubilee Metals has successfully secured regulatory approval for a new power supply agreement in Zambia, with power delivery commencing on January 20. This agreement enables the company to restart its Roan concentrator, ensuring a stable power supply moving forward. The new power supply agreement, executed with a broad-based power provider, grants Jubilee access to a distributed power base from multiple generation sources. This reduces reliance on a single supply source and mitigates risks associated with localized power distribution limitations. Jubilee highlights that the additional power supply is… Read More Here

Mining in Zambia Copper Economy

Zambia Pins Economic Revival Hopes on Mining Sector Amid Drought Challenges

January 22, 2025January 22, 2025 Constance

Zambia is looking to the mining sector for an economic recovery after facing a sharp slowdown in growth due to the worst drought in living memory, according to Finance Minister Situmbeko Musokotwane. Speaking at an event discussing the economic outlook, Musokotwane highlighted that new mines were set to open soon, and existing mines were reinvesting to boost production. “If all goes according to plan, 2025 should mark the start of this revival, and it will strengthen year after year,” he said. The government estimates that copper production in 2023 exceeded… Read More Here

Mining in Zambia Copper Corporate News Gold Nickel

FQM ANNOUNCES STRONG 2024 ZAMBIAN PRODUCTION RESULTS AND FOCUS ON SUSTAINABLE GROWTH

January 19, 2025January 19, 2025 Constance

First Quantum Minerals (FQM) has announced a strong performance from its Zambian operations in 2024, with strong copper, gold, and nickel production. The company also reaffirmed its focus on sustainability and operational resilience, with the S3 Expansion project on track for completion in mid-2025. The mining firm achieved annual copper production of 431 thousand tonnes (“kt”) in 2024, exceeding the guidance range of 400 to 420kt. Kansanshi achieved its highest copper and gold production since 2021 and 2022, respectively, predominately driven by higher grades. Sentinel’s increased copper production reflected higher… Read More Here

Mining in Zambia Copper Partnership

ZAMBIA AND SAUDI ARABIA SIGN MOU OF COOPERATION IN MINERAL RESOURCES

January 17, 2025January 17, 2025 Constance

Minister of Mines and Mineral Resources, Hon. Paul C. Kabuswe, MP, and His Excellency Mr. Bandar bin Ibrahim Al- Khorayef, Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, have signed a Memorandum of Understanding (MoU) of Cooperation in Mineral Resources in the Mining Sector. The MoU was signed in Riyadh, Kingdom of Saudi Arabia, on the 14 January 2025, on the sidelines of the 2025 Future Minerals Forum that was taking place from 14th to 16th January. The MoU aims to foster collaboration between the two… Read More Here

Mining in Zambia Copper Press Release

Kansanshi Mining PLC Condemns Alleged Misconduct and Supports Investigation

January 14, 2025January 14, 2025 Constance

(Solwezi, Zambia) – 13.01.25 Kansanshi Mining PLC is aware of serious allegations circulating on social media relating to construction contractors temporarily attached to our operations.Kansanshi Mining PLC condemns in the strongest possible terms any form of abuse, exploitation, or behaviour that violates the rights and dignity of individuals, particularly vulnerable members of our community. We are deeply concerned about the allegations and want to reassure the public that we take these matters with the utmost seriousness. As a responsible corporate citizen, we are cooperating fully with the police and relevant… Read More Here

Mining in Zambia Copper Corporate News Electricity

Jubilee Metals Faces Copper Production Setback in Zambia Due to Power Constraints

January 13, 2025January 13, 2025 Constance

Jubilee Metals Group, a diversified metals producer listed on Aim and AltX, reported a shortfall in copper production at its Roan operation in Zambia due to power constraints. In its operational update for the six months ending December 31, which marks the first half of its 2025 financial year, the company revealed that copper production in Zambia totaled 1,454 tonnes, down from 1,683 tonnes during the same period in the 2024 financial year. The figure also fell short of the revised target of 1,800 tonnes. Despite this, Jubilee reported a… Read More Here