Mining in Zambia - Copperbelt Katanga Mining

Mining in Zambia Copper Transport and Logistics

Cold Box Unit Completes Successful Journey to Kansanshi Mine in Zambia

November 25, 2024November 25, 2024 Constance

The Cold Box Unit has successfully arrived at Kansanshi Mine in Solwezi, completing a challenging journey that began on October 29, 2024, at the Katima Mulilo Border in Zambia’s Western Province. After a well-coordinated transport effort, the load passed through multiple provinces, navigating various terrains and logistical hurdles before arriving at the Kansanshi Mine boom gate at 16:50 hours. Transporting this large and complex piece of equipment posed significant challenges due to its abnormal size and weight. The operation required meticulous planning and coordination between transport authorities, logistics teams, and… Read More Here

Mining in Zambia Infrastructural Development Mining in DRC

Zambia and DRC Unite to Build Key Cross-Border Road Boosting Regional Trade

November 25, 2024November 25, 2024 Constance

Zambia and the Democratic Republic of Congo (DRC) have signed a landmark agreement to construct a 145-kilometer road linking Kolwezi in the DRC to Lumwana in Zambia, passing through the Kambimba-Sakabinda border posts. This ambitious project, formalized in Kolwezi, Lualaba Province, aims to enhance border infrastructure, streamline trade, and strengthen economic ties between the two nations. The agreement, signed by Zambia’s Minister of Infrastructure, Housing, and Urban Development, Charles Milupi, and DRC’s Minister of Infrastructure and Public Works, Alexis Muvunyi, includes the construction of a one-stop border post to facilitate… Read More Here

Mining in Zambia Electricity Mining safety

Zambian Miners Rescued Following Nationwide Power Outage

November 25, 2024November 25, 2024 Constance

Miners trapped underground at two copper mines in Zambia were safely rescued after a nationwide power outage disrupted operations, the country’s Ministry of Energy reported on Monday. The blackout occurred on Sunday due to a “power system disturbance,” according to state utility Zesco. The outage also affected neighboring Zimbabwe, highlighting the region’s ongoing energy challenges exacerbated by the worst drought in decades, which has severely impacted hydropower generation. Zambia’s Energy Permanent Secretary, Peter Mumba, confirmed that miners were trapped at Mopani Copper Mines, majority-owned by the United Arab Emirates’ International… Read More Here

Mining in Zambia Electricity News in Brief

Nationwide Power Outage Hits Zambia

November 25, 2024November 25, 2024 Constance

Zambia experienced a nationwide power outage on Sunday due to a “power system disturbance,” according to the state-owned utility company, Zesco. The incident occurred at approximately 18:15 GMT, resulting in a complete loss of power across the country. Zesco stated that efforts to address the unplanned outage were underway, with the restoration of power supply in progress. Further updates on the cause of the disturbance and the timeline for full restoration are expected. Read More Here

Mining in Zambia Corporate News Emeralds

Gemfields’ November Emerald Auction Nets $16.1 Million Amid Market Challenges

November 24, 2024November 24, 2024 Constance

Gemfields has reported revenues of $16.1 million from its November 2024 higher-quality emerald auction. The auction, held online from November 4–21, achieved a 70% sales rate, with 141,084 carats sold out of the 200,460 carats offered across 43 lots. The average price per carat was $113.96, reflecting mixed market dynamics. Adrian Banks, Managing Director of Product & Sales at Gemfields, acknowledged the auction’s mixed outcomes: “Top-quality lots achieved bids close to record levels, but the overall result was disappointing due to weaker and fewer bids for lower-quality grades.” The emerald… Read More Here

Mining in Zambia Corporate News

FQM Empowers Local Businesses with Over K3.4 Million in Grants

November 24, 2024November 24, 2024 Constance

First Quantum Minerals (FQM), through its Kansanshi Mining operations, has disbursed over K3.4 million in grants to 13 cooperatives under the Tujipamo Multi-Purpose Project. This initiative underscores FQM’s commitment to fostering local economic development and sustainable community growth. Launched in 2022, the Tujipamo Project aims to empower small businesses and enhance socio-economic resilience. The grants will provide essential support for cooperatives, enabling them to scale their operations and drive long-term impact. Speaking at the grant handover ceremony, North-Western Province Permanent Secretary, Colonel Grandson Katambi (Rtd), commended FQM for partnering with… Read More Here

Sponsored Content Electricity Mining in Zambia

Strengthening Zambia’s Economy with Reliable Power Solutions Across Sectors

November 21, 2024November 21, 2024 Constance

Zambia’s ongoing energy crisis presents a significant challenge to economic stability, impacting the productivity and viability of key sectors, including manufacturing, mining, agriculture, and commercial enterprises. Frequent power outages disrupt critical operations, reduce output, and hinder economic growth. Recognising the need for dependable power solutions, DGC Africa has formed a joint venture with Talisman Hire to establish Talisman Hire Kitwe. This collaboration offers both generator rentals and sales to provide businesses with reliable, adaptable power solutions that mitigate the impacts of the country’s energy shortages, helping sustain essential operations across… Read More Here

Mining in Zambia Copper

Zambia’s Govt Reaffirms Commitment to Mining Sector Growth Amid Strong Copper Production

November 21, 2024November 21, 2024 Constance

Zambia’s government has reiterated its commitment to creating a favorable investment climate in the mining sector, citing impressive increases in copper production as evidence of the success of its policies, according to Canadian miner First Quantum Minerals (FQM). This affirmation followed a recent visit by government officials, including the Ministers of Finance, Mines, Information, and Labour, to FQM’s Kansanshi and Trident mining operations. The visit underscored a significant rise in copper production, which is helping Zambia move closer to its ambitious target of producing 3 million tons of copper annually… Read More Here

Mining in Zambia Electricity

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

November 21, 2024November 21, 2024 Constance

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