North-Western Province Leads Zambia's Copper Boom and Economic Transformation 1 Mining in Zambia Copper Economy 

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

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
Barrick Lumwana Mine to Double Copper Output by 2028 2 Mining in Zambia Copper Economy 

Barrick Lumwana Mine to Double Copper Output by 2028

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
Zambia and Eswatini Strengthen Economic Ties with Strategic Partnership 3 Mining in Zambia Economy Partnership 

Zambia and Eswatini Strengthen Economic Ties with Strategic Partnership

The Zambia Development Agency (ZDA) and the Eswatini Investment Promotion Authority (EIPA) have reinforced their commitment to deepening economic cooperation through a newly signed Memorandum of Understanding (MoU). The agreement sets the stage for enhanced investment and trade relations between the two nations, focusing on institutional capacity-building and creating business linkages. Key areas of collaboration include investment promotion, trade facilitation, and the exchange of critical information on trade policies, regulations, and opportunities. The MoU also prioritizes fostering connections among small and medium-sized enterprises (SMEs) in Zambia and Eswatini, encouraging local… Read More Here
Chinese Mining Firms Unite to Boost Zambia’s Mining Industry 4 Mining in Zambia 

Chinese Mining Firms Unite to Boost Zambia’s Mining Industry

Chinese mining companies in Zambia have officially launched the Chinese Mining Enterprises Association in Zambia (CMEAZ) to enhance their contributions to the country’s mining sector. The launch event, held on Tuesday, was attended by Chinese Ambassador to Zambia Han Jing, senior Zambian government officials, and representatives from Chinese mining firms. Ambassador Han hailed the establishment of CMEAZ as a significant milestone in Sino-Zambian relations, which date back to Chinese investments in the Chambishi copper mine in 1998. He highlighted that over 20 Chinese mining companies operating in Zambia have collectively… Read More Here
Zambia and Zimbabwe to Host 2024 Summit on Sustainable Energy and Investment Opportunities 5 Mining in Zambia Energy Events & Expos 

Zambia and Zimbabwe to Host 2024 Summit on Sustainable Energy and Investment Opportunities

From November 18-20, 2024, the Zimbabwe-Zambia (Zim-Zam) Energy Projects Summit will convene government leaders, private investors, and energy stakeholders in Victoria Falls under the theme Powering Zimbabwe and Zambia’s Sustainable Energy Future: Unlocking Opportunities in Renewables, Grid Modernization, and Energy Access. The summit, held under the patronage of Zimbabwe’s Ministry of Energy and Power Development and sponsored by the Zimbabwe Energy Regulatory Authority (ZERA), underscores the importance of regional partnerships for energy resilience. Zimbabwe and Zambia are intensifying efforts to attract investments in renewable energy sectors such as solar, geothermal,… Read More Here
KoBold Metals to Begin Drilling on Zambia's Dumbwa Copper Prospect in 2025 6 Mining in Zambia Copper New Mining Projects 

KoBold Metals to Begin Drilling on Zambia’s Dumbwa Copper Prospect in 2025

Critical minerals startup KoBold Metals is set to commence drilling at Zambia’s Dumbwa copper prospect in early 2025, marking a strategic expansion in Africa’s critical minerals sector. CEO Mfikeyi Makayi shared the company’s plans with Energy Capital & Power at the recent Critical Minerals Africa Forum. Makayi highlighted that Dumbwa, located in northwestern Zambia, is one of KoBold’s prioritized exploration sites in the region. “We are leveraging machine learning and predictive analytics to reduce uncertainty and accelerate drilling at Dumbwa, moving beyond traditional geological methods,” Makayi stated. KoBold Metals is… Read More Here
Zambia Targets Hydropower Expansion to Power Mining Growth 7 Mining in Zambia Electricity Hydro power plant 

Zambia Targets Hydropower Expansion to Power Mining Growth

Zambia is advancing plans to harness alternative hydropower sources on the Zambezi River as part of a long-term strategy to meet the growing energy demands of its mining industry. At the recent Critical Minerals Africa 2024 summit, Sokwani William Chilembo, CEO of the Zambia Chamber of Mines, emphasized that hydropower projects in Zambia’s Northern Watershed will be prioritized due to the area’s resilience against droughts and El Niño conditions. “By developing hydropower in these regions, we can supplement it with coal from Lake Kariba’s southern shores and additional solar energy,”… Read More Here
Anglo American Reignites Investment in Zambia's Copper Industry After 20 Years 8 Mining in Zambia Copper 

Anglo American Reignites Investment in Zambia’s Copper Industry After 20 Years

Zambia’s mining sector is poised for growth as Anglo American Corporation, led by CEO Duncan Wanblad, has shown renewed interest in the country’s vibrant copper industry. This marks a significant return nearly 20 years after the company’s exit, underscoring the robust potential Zambia’s mining sector continues to offer. During a recent visit, President Hakainde Hichilema warmly welcomed Anglo American’s renewed partnership, underscoring Zambia’s ambitious goal to reach an annual copper production target of 3 million tons. “Achieving this target will require strategic partnerships with reputable companies like Anglo American Corporation,”… Read More Here
IMF Reaches Staff-Level Agreement to Release $185.5 Million for Zambia 9 Mining in Zambia Economy 

IMF Reaches Staff-Level Agreement to Release $185.5 Million for Zambia

The Zambian government and the International Monetary Fund (IMF) have reached a staff-level agreement to disburse $185.5 million to Zambia, pending approval from IMF management and the executive board. The agreement follows an IMF mission to Zambia from October 2-15, led by Mercedes Vera Martin, and subsequent discussions held in Washington. The IMF highlighted the severe impact of recent drought conditions on Zambia’s agricultural output and electricity supply. Commenting on the government’s response, the IMF noted, “The authorities mobilized emergency relief for the most vulnerable populations while maintaining fiscal consolidation… Read More Here
CNMC to Invest $1.5 Billion in Luanshya Copper Mines Expansion and New Samba Project 10 Mining in Zambia Copper 

CNMC to Invest $1.5 Billion in Luanshya Copper Mines Expansion and New Samba Project

China Non-ferrous Mining Corporation Limited (CNMC) has announced plans to invest nearly $1.5 billion to rehabilitate and expand operations at Luanshya Copper Mines in Zambia. This major investment aims to increase production and modernize the mining facilities, supporting Zambia’s growing copper industry. The dewatering of Shaft 28, a critical step in the mine’s rehabilitation, is expected to be completed by the end of 2025, according to CNMC. Additionally, CNMC Chairperson Wen Gang stated the company’s interest in developing a new mining site, named Samba Mines, which will further boost Zambia’s… Read More Here

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