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Category: Mining in Zambia

Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production 1 Mining in DRC Copper Mining in Zambia 

Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production

Constance
Copper prices are anticipated to average around US$10,265 per tonne in the final quarter of 2024, according to estimates from Fastmarkets. Analysts at Reuters, a commodity price intelligence firm, suggest that positive economic outlooks in the United States and China will contribute to upward pressure on copper prices. Goldman Sachs has also predicted a gradual increase in copper prices in the coming months. The American bank projects that the price of copper will reach US$10,100 per tonne by 2025. This price rise is expected to enhance the revenues of copper… Read More Here
ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia's Development 2 Mining in Zambia 

ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia’s Development

Constance
The Zambia Environmental Management Agency (ZEMA) has approved 116 projects with a total investment value of approximately $1.91 billion during its ninth sitting in September 2024. Out of 121 projects considered, this approval signifies a substantial boost for Zambia’s development across various sectors. The mining and mineral processing sector led the way with 46 approved projects, reflecting Zambia’s ongoing focus on resource extraction and processing. The manufacturing and processing sector followed closely with 29 approved projects, while the energy sector secured third place with 24 projects. Other sectors, including infrastructure… Read More Here
Zambia Launches Outward Trade Mission to Boost Relations with DRC 3 Mining in Zambia Economy Mining in DRC 

Zambia Launches Outward Trade Mission to Boost Relations with DRC

Constance
The Zambia Outward Trade Mission to the Democratic Republic of Congo (DRC) officially commenced in Lubumbashi on October 17, marking a significant step towards enhancing trade relations between the two neighboring countries. The Zambian government has reiterated its commitment to supporting local businesses in accessing new export markets for their products and services. During the event, Lillian Bwalya, Permanent Secretary of the Ministry of Commerce, Trade and Industry, represented the government and emphasized the importance of building long-term networks to foster trade and investment between Zambia and the DRC. “The… Read More Here
Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges 4 Mining in Zambia Corporate News Corporate social responsibility 

Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges

Constance
Mining services provider Makor Resources and Jubilee Metals Zambia have joined forces to support the Zambian government’s efforts in aiding subsistence farmers affected by a recent drought, which has severely impacted agriculture and food security across the country. Ndola District Commissioner Joseph Phiri, along with Makor Resources CEO Brooke Bibeault and Jubilee Metals Zambia MD Ricus Grimbeek, distributed Compound-D and Urea fertilizer, as well as drought-resistant maize seeds, to farmers in Ndola’s Munkulungwe ward. The event, hosted by the Bwana Mkubwa resettled families, was also attended by local leaders, including… Read More Here
Saudi's Manara Minerals Eyes Stake in First Quantum's Zambian Mines 5 Mining in Zambia Copper Mergers & Acquisitions Nickel 

Saudi’s Manara Minerals Eyes Stake in First Quantum’s Zambian Mines

Constance
Saudi Arabia’s Manara Minerals is close to finalizing a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel assets, sources familiar with the matter told Reuters. Manara, a joint venture between Saudi mining company Ma’aden and the $925-billion Public Investment Fund, is in advanced discussions to purchase a 15% to 20% equity share in the Zambian operations. The stake is estimated to be worth between $1.5 billion and $2 billion. First Quantum’s sale of the stake is expected to be completed by year-end, though there… Read More Here
GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project 6 Mining in Zambia Uranium 

GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project

Constance
TSX-V-listed GoviEx Uranium has successfully completed an extensive metallurgical testwork program at Mintek in South Africa, aimed at demonstrating the viability of the heap leach process for its Muntanga project in Zambia. The testwork confirmed that uranium recoveries of 90% or higher were achieved from the main deposits, Muntanga and Dibbwi East, which represent 80% of the measured and indicated resources. Additionally, it showed short recovery times within 20 days, low acid consumption, and fast kinetic rates, supporting the feasibility of small on-off leach pads for the project. The program… Read More Here
Chinese Mining Enterprises Actively Participate in The First Zambia Mining and Investment Insaka 7 Mining in Zambia Events & Expos 

Chinese Mining Enterprises Actively Participate in The First Zambia Mining and Investment Insaka

Constance
The first Zambia Mining and Investment Insaka was held at the Mulungushi International Conference Center. With the theme of “Mining Beyond Copper – Celebrating 100 Years of Mining in Zambia”, the conference attracted more than 2,000 participants from governments, enterprises and financial institutions. Zambian President Hichilema, Minister of Mines and other dignitaries attended the opening ceremony on the afternoon of the 7th. Chinese Mining Enterprises Association in Zambia (CMEAZ) organized nearly 20 Chinese mining enterprises in Zambia to participate in the Insaka, and delivered a speech as industrial representative in… Read More Here
Tertiary Minerals Completes Inaugural Drilling at Mushima North Copper Project in Zambia 8 Mining in Zambia Copper Drilling 

Tertiary Minerals Completes Inaugural Drilling at Mushima North Copper Project in Zambia

Constance
Aim-listed Tertiary Minerals has successfully concluded its first drilling program at the Mushima North copper project in Zambia. The objective was to test the A1 and C1 copper, zinc, and arsenic soil anomalies identified through last year’s soil sampling. The program involved drilling 25 reverse circulation holes, reaching a maximum depth of 112 meters, with three drill traverses at the A1 anomaly and one at the C1 anomaly. Tertiary is now conducting portable X-ray fluorescence analysis on the samples, with selected samples being sent to an independent laboratory for further… Read More Here
Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth 9 Mining in Zambia Cobalt Copper Events & Expos Press Release 

Anglo American Highlights the Vital Role of Zambian Capital Markets for Mining Sector Growth

Constance
A strong and vibrant local capital market is essential to attract foreign institutional investors to Zambia’s mining sector, said Norman Mbazima, senior Anglo American executive for the last 20 years and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka last week, Mr Mbazima underscored the critical importance of creating a conducive investment climate to unlock the country’s mining potential. Participating in a panel discussion titled “Mining Beyond Copper: What’s in it for Zambia?”, Mr Mbazima joined a group of esteemed experts to explore the past,… Read More Here
FQM AND THE MINISTRY OF TOURISM PARTNER TO ADVANCE CONSERVATION EFFORTS IN ZAMBIA 10 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

FQM AND THE MINISTRY OF TOURISM PARTNER TO ADVANCE CONSERVATION EFFORTS IN ZAMBIA

Constance
The Zambian government has commended First Quantum Minerals (FQM) for its commitment to environmental stewardship, citing the company’s robust environmental management system that safeguards the environment during mining operations. This recognition follows a recent meeting between the Ministry of Tourism and First Quantum, in which both parties discussed a collaborative approach to enhancing conservation efforts within the country. Ministry of Tourism Permanent Secretary Evans Muhanga expressed his satisfaction with the mining firm’s commitment to conservation.He acknowledged the vital role that mining companies play in the Zambian economy and stressed the… Read More Here

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