Mining in Zambia - Copperbelt Katanga Mining

DRC and Zambia Commit to Strengthened Border Security Cooperation 1

DRC–Zambia Defence and Security Commission Concludes in Lubumbashi, Pledges Stronger Border Crime Cooperation The 14th Session of the Democratic Republic of Congo (DRC)–Zambia Joint Permanent Commission on Defence and Security has concluded in Lubumbashi, with both countries reaffirming their commitment to enhanced cooperation in combating crime and strengthening security along their shared border. Leading the Zambian delegation, Minister of Defence Hon. Ambrose Lwiji Lufuma, MP, underscored the importance of regional peace and stability in facilitating trade and economic growth between the two countries. He noted that Zambia has commenced beef… Read More Here

Mining in Zambia Economy

Zambia Releases K22.1 Billion in December to Close 2025 Budget with Focus on Stability and Growth

January 15, 2026January 15, 2026 Constance

Zambia Disburses K22.1 Billion in December 2025 to Fund Public Services, Debt Payments and Capital Investment The Government of the Republic of Zambia released K22.1 billion in December 2025 to finance public service delivery, debt obligations, social protection, and capital investment, effectively bringing the 2025 Budget implementation cycle to a close. The releases, executed through the Ministry of Finance and National Planning, underscore the Government’s commitment to fiscal discipline, debt sustainability, and macroeconomic stability, despite continued uncertainty in the global economic environment. According to the Ministry, the December disbursements were… Read More Here

Mining in Zambia Mining in DRC Transport and Logistics

Zambia Urges Enhanced Security for Truck Drivers Following Attacks in DRC

January 15, 2026January 15, 2026 Constance

Zambia Calls for Urgent Action on Safety of Truck Drivers Facing Threats Along DRC Transport Routes The Government of the Republic of Zambia has expressed deep concern over rising security threats faced by Zambian truck drivers operating in the Democratic Republic of Congo (DRC), citing reports of harassment, intimidation, and violent attacks along key transport corridors. In a government communiqué issued by Minister of Defence Hon. Ambrose Lwiji Lufuma, MP, authorities reaffirmed that the safety, dignity, and welfare of Zambian citizens engaged in cross-border trade remain a national priority and… Read More Here

Mining in Zambia Economy Oil & Gas

Zambian Ambassador Concludes Benguela Visit with Strategic Tour of Lobito Oil Refinery

January 15, 2026January 15, 2026 Constance

Zambia’s Ambassador to Angola Tours Lobito Oil Refinery, Boosting Regional Energy and Trade Links His Excellency Rev. Dr. Elias Munshya, Zambia’s Ambassador to Angola, concluded an official working visit to Benguela Province with a technical tour of the Lobito Oil Refinery, a flagship energy infrastructure project within the Lobito Corridor framework. The visit took place on Wednesday, January 14, 2026, and marked the final engagement of the Ambassador’s programme in Benguela, which aimed to strengthen strategic infrastructure links and enhance economic cooperation between Zambia and Angola. During the tour, Ambassador… Read More Here

Mining in Zambia Corporate News Mergers & Acquisitions Zinc

Shuka Minerals Nears Full Ownership of Kabwe Zinc Mine Following Funding Boost

January 14, 2026January 14, 2026 Constance

Shuka Minerals Set to Complete Acquisition of Kabwe Zinc Mine as Final Funding Tranche Nears AIM- and AltX-listed Shuka Minerals is expected to shortly receive £815,000 from investment banking group Gathoni Muchai Investments under an expanded loan agreement entered into in June last year. The funding will enable Shuka to settle the remaining cash consideration for its acquisition of Leopard Exploration and Mining, a Zambian mining company that owns the Kabwe zinc mine. Shuka began the acquisition process in November last year by settling an initial tranche of the purchase… Read More Here

Mining in Zambia Economy

Bank of Zambia Sets Deadline for Withdrawal of Old Banknotes

January 14, 2026January 14, 2026 Constance

Old Zambian Banknotes to Lose Legal Tender Status in 2026 as BOZ Confirms Exchange Deadline The Bank of Zambia has announced that all old banknotes will cease to be legal tender on April 1, 2026, marking the final phase of the country’s currency transition. The central bank said the exchange period for the old notes will officially end on March 31, 2026. The withdrawal follows the introduction of a new currency family in March 2025, comprising six banknotes and six coins, which have been circulating alongside the old currency during… Read More Here

Mining in Zambia Transport and Logistics

Zambia Strengthens Commitment to Lobito Corridor

January 13, 2026January 13, 2026 Constance

Zambia Reaffirms Support for Lobito Corridor to Enhance Trade, Infrastructure, and Regional Integration Zambia has reaffirmed its strong commitment to the Lobito Corridor following an official visit by its Ambassador to Angola, His Excellency Rev. Dr. Elias Munshya, to the Port of Lobito in Benguela Province. The visit underscores Zambia’s ongoing efforts to strengthen cooperation along this strategic regional infrastructure initiative linking Angola, Zambia, and the Democratic Republic of the Congo. During a high-level meeting with the Board of Directors and management of the Port of Lobito, Ambassador Munshya highlighted… Read More Here

Mining in Zambia Battery Metals Cobalt

Zambia Benefits from Cobalt Price Surge Amid Supply-Driven Market Shock

January 13, 2026January 13, 2026 Constance

Cobalt Prices Soar 130% in 2025: Economic Implications and Opportunities for Zambia Cobalt prices have surged by approximately 130% since early 2025, reaching over US$56,200 per tonne. This spike is primarily a supply-driven shock rather than a structural shift in the global cobalt market. The rally has been largely triggered by policy and regulatory restrictions in major producing countries, which have tightened supply in an already highly concentrated market. When supply is constrained administratively, prices often react sharply and can overshoot in the short term. From a fundamentals perspective, global… Read More Here

Mining in Zambia Economy

Zambian Govt Hails Stronger Kwacha, Urges Businesses to Pass on Benefits to Consumers

January 13, 2026January 13, 2026 Constance

Zambian Kwacha Strengthens as Government Calls on Businesses to Lower Prices and Support Cost of Living Relief The Government has welcomed the continued appreciation of the Zambian Kwacha against major international currencies, describing the trend as a clear signal of growing confidence in the country’s economic fundamentals and the effectiveness of ongoing macroeconomic and fiscal reforms. In a statement issued on Tuesday, the Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga, MP, said the strengthening of the local currency reflects deliberate and sustained policy efforts under President Hakainde Hichilema’s… Read More Here

Mining in Zambia Economy

Zambia and Türkiye Deepen Economic Ties to Drive Investment and Growth

January 13, 2026January 13, 2026 Constance

Zambia and Türkiye Reaffirm Commitment to Boost Trade and Investment in Mining, Infrastructure and Agriculture Zambia and Türkiye have reaffirmed their commitment to strengthening bilateral economic cooperation following a high-level engagement between the Minister of Finance and National Planning, Dr Situmbeko Musokotwane, MP, and the Turkish Ambassador to Zambia, His Excellency Huseyin Barbaros Dicle. Ambassador Dicle paid a courtesy call on Dr Musokotwane at the Ministry of Finance and National Planning headquarters, where discussions focused on expanding sustainable investment partnerships across sectors of shared economic interest. The meeting underscored Zambia’s… Read More Here