Mining in Zambia - Copperbelt Katanga Mining

Zambia and Zimbabwe to Host 2024 Summit on Sustainable Energy and Investment Opportunities 1

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

Mining in Zambia Copper New Mining Projects

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

November 14, 2024November 15, 2024 Constance

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

Mining in Zambia Electricity Hydro power plant

Zambia Targets Hydropower Expansion to Power Mining Growth

November 14, 2024November 14, 2024 Constance

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

Mining in Zambia Copper

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

November 13, 2024November 13, 2024 Constance

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

Mining in Zambia Economy

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

November 13, 2024November 13, 2024 Constance

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

Mining in Zambia Copper

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

November 13, 2024November 13, 2024 Constance

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

Gold Mining in Zambia

Zambia Launches Construction of Gold Mining Centers in Rufunsa and Mumbwa

November 12, 2024November 12, 2024 Constance

The construction of Zambia’s first two Gold Mining Centers in the Rufunsa and Mumbwa districts is now underway, with completion targeted for the end of this year. Mines and Minerals Development Minister Paul Kabuswe announced that the government has appointed Zamgold Limited as the official gold aggregator, responsible for purchasing gold from newly formalized gold markets. This initiative aims to regulate the sector and promote legal trade. In his statement to the National Assembly, Mr. Kabuswe highlighted that the establishment of these centers is a key step toward reducing illegal… Read More Here

Mining in Zambia Copper Drilling

Arc Minerals Discovers Copper at All Drilled Targets in Zambia JV with Anglo American

November 8, 2024November 8, 2024 Constance

London-listed Arc Minerals has reported copper mineralization at each target drilled on its joint venture (JV) copper project with Anglo American in Zambia. The companies have identified priority targets for further investigation, and drilling is set to continue through Zambia’s rainy season. One high-priority target near Muswema has been elevated in importance due to its alteration mineralogy, which is similar to known deposits in the Domes region of the Zambian Copperbelt. Visible copper mineralization has been observed in core samples, according to Arc’s chairperson, Nick von Schirnding. Samples have been… Read More Here

Mining in Zambia Electricity

Zesco Introduces New 7-Hour Daily Power Rationing Schedule in Zambia

November 8, 2024November 8, 2024 Constance

Zesco has announced a new power rationing schedule in Zambia, aiming to ensure a consistent 7-hour daily power supply for its customers. The update, shared by Zesco’s Corporate Affairs Department, seeks to improve service reliability by strategically optimizing power imports and maximizing contributions from Independent Power Producers. In its statement, Zesco clarified that while the utility is committed to upholding this schedule, it relies on the availability of imported power and may face unexpected challenges. Should disruptions occur, Zesco will issue real-time updates through SMS, its Facebook page, and other… Read More Here

Mining in Zambia Corporate News

Jubilee Metals Reports Strong Growth in South Africa and Zambia Operations

November 7, 2024November 7, 2024 Constance

Diversified metals producer Jubilee Metals has reported significant growth in its South African operations, with production increases across chrome and platinum group metals (PGMs) during the first quarter of FY 2025. The company’s South African operations, now well-established, are consistently exceeding targets. For the quarter ending September 30, chrome concentrate production rose by 8% to 455,381 tons, surpassing the targeted output. PGM production, which includes platinum, palladium, rhodium, ruthenium, iridium, and gold, reached 9,328 oz, aligning with guidance. “Jubilee’s chrome operations have achieved outstanding performance, exceeding quarterly targets,” the company… Read More Here