Mining in Zambia - Copperbelt Katanga Mining

Statunga Investments Secures Key License for Zambia’s Luansobe Copper Project Expansion 1

Zambian mining firm Statunga Investments Limited has obtained an additional small-scale mining license for the Luansobe Copper Project in Zambia. This new license, numbered 34545-HQ-SML, is valid for ten years and authorizes the exploration and extraction of copper, as well as other base and precious metals, over a 384-hectare area. “We now have a second mining license for Luansobe, covering the underground resource area,” stated Colin Bird, Chairman of Galileo Resources. The license supports Galileo Resources’ strategy to develop both open-pit and underground resources at Luansobe. The company is also… Read More Here

Mining in Zambia Drilling

Tertiary Minerals Commences Drilling at Mukai- Copper Project

November 5, 2024November 5, 2024 Constance

The Company has announced that First Quantum Minerals Limited (“First Quantum”) has commenced drilling at the Mukai Copper Project in Zambia following the receipt of all necessary consents. Highlights · The Company has received approval from the Department of Forestry to conduct further mineral exploration, including drilling, in the Licence area (the “Licence”). · Consent has also been granted by the leadership of local tribal group, the Musele Royal Establishment (“Musele Chiefdom”), to conduct mineral exploration on the Licence · Phase 1 drill programme, now underway, will comprise up to… Read More Here

Mining in Zambia

Zambia’s New Policy on Mining Stakes to Preserve Current Operations

November 4, 2024November 4, 2024 Constance

Zambia’s recent plan to increase its ownership stake in specific mining projects will not impact current operations or exploration activities, a senior government official has confirmed. In August, the Ministry of Mines introduced a policy for a state-owned entity to hold at least a 30% share in future critical mineral projects. This approach is designed exclusively for over 40 government-reserved mining permits, and the government plans to attract investment partners to develop these assets, explained Jito Kayumba, special assistant for finance and investment to President Hakainde Hichilema. “No entity currently… Read More Here

Mining in Zambia Copper Corporate News

IRH Advances Sustainable Transformation at Zambia’s Mopani Copper Mines

November 3, 2024November 3, 2024 Constance

International Resources Holding RSC Ltd. (IRH), a natural resources subsidiary of 2PointZero, has shared updates on transformative initiatives underway at the Mopani Copper Mines in Zambia. Acquired in early 2024, IRH aims to establish Mopani as the Copperbelt’s most productive copper mine through technological innovation, sustainability, and workforce collaboration. Transforming Mopani Copper Mines IRH’s acquisition of Mopani Copper Mines aligns with a vision to modernize and decarbonize the operation, with a target to increase copper production to 200,000 tonnes annually within three years. This initiative supports Zambia’s national goal of… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

Saudi Arabia Nears Stake Acquisition in Zambian Copper Mine as Part of Mining Expansion

October 31, 2024October 31, 2024 Constance

Saudi Arabia is in the final stages of negotiating a stake in a Zambian copper mine, with expectations for a deal to close by year-end, according to Robert Wilt, CEO of Ma’aden, Saudi Arabia’s leading mining company. Speaking at the Future Investment Forum in Riyadh, Wilt indicated that discussions with the Zambian mine’s owners are progressing well. “We’re in advanced discussions with a company and a mine in Zambia, and we expect to finalize by year-end,” said Wilt, who also serves as vice chairman of Saudi Arabia’s international mining venture,… Read More Here

Copper Mining in Zambia New Mining Projects

Zambia National Service to Launch Copper Mine in North-Western Province by 2027

October 31, 2024October 31, 2024 Constance

Zambia National Service (ZNS) Commander, Lt. General Maliti Solochi, has announced plans to open a new copper mine in Zambia’s North-Western Province by 2027. This new project will complement ZNS’s existing mining operations in Kitwe, Copperbelt Province, as the service expands its role in national economic activities alongside its security mandate. Lt. General Solochi emphasized the military’s role in pioneering development projects, stating, “Just as the internet began with the military, certain innovations often start within the armed forces before being extended to the civilian population. The military should be… Read More Here

Mining in Zambia Copper Economy

FQM REPORTS 13% RISE IN COPPER PRODUCTION FOR Q3

October 29, 2024October 29, 2024 Constance

First Quantum Minerals (FQM) has reported a 13 percent increase in copper production for the third quarter of this year, accompanied by a doubling of income tax payments globally. Production at the company’s Kansanshi mine in Solwezi rose to 49,810 tonnes of copper up 20 percent or 8,303 tonnes compared with the previous quarter, while its Sentinel mine in Kalumbila produced 58,412 tonnes, up 9 percent or 4,817 tonnes compared with the second quarter of 2024. “While it is pleasing to see continued strong operational performance from the Zambian operations… Read More Here

Mining in Zambia Copper

Zambia Backs Geological and Minerals Development Bill 2024

October 27, 2024October 27, 2024 Constance

The Government of Zambia, through the Ministry of Mines and Minerals Development, and the Zambia Chamber of Mines have expressed their support for the Geological and Minerals Development Bill 2024. This announcement follows a high-level stakeholder engagement meeting held last week. The event, organized under the Public Private Dialogue Forum (PPDF), brought together representatives from the Chamber of Mines, the Mine Suppliers Association, civil society organizations, chambers of commerce, multilateral organizations, the diplomatic community, and policy think tanks to review and discuss the Bill. Both the Ministry and the Chamber… Read More Here

Mining in Zambia Electricity

Tanzania to Establish Power Grid Connection with Zambia to Alleviate Drought-Induced Power Shortages

October 27, 2024October 27, 2024 Constance

Tanzania is advancing plans to establish a power grid connection with Zambia to help address Zambia’s drought-related power shortages, announced Deputy Prime Minister Doto Biteko at the Singapore International Energy Week. “We have interconnectors with our neighbors—Rwanda, Burundi, and Kenya—and now we are establishing an interconnector with Zambia to assist our neighbor during this severe drought,” said Biteko, who also serves as the Minister of Energy. As a member of the Eastern African Power Pool, Tanzania has access to a broader market, allowing it to sell surplus electricity to neighboring… Read More Here

Mining in Zambia Angola Mining in DRC Transport and Logistics

Africa Finance Corporation Advances Zambia-Lobito Rail Project with Concession Agreements

October 27, 2024October 27, 2024 Constance

The Africa Finance Corporation (AFC) has significantly advanced the Zambia Lobito Rail project by entering into concession agreements with the governments of Angola and Zambia. This ceremonial signing took place on the sidelines of the 79th session of the United Nations General Assembly (UNGA 79) with the participation of U.S. Secretary of State Antony J. Blinken and the Biden Administration’s G-7 Partnership for Global Infrastructure and Investment (PGI). The agreements empower the AFC to take the lead in funding, constructing, owning, and operating this vital infrastructure project aimed at enhancing… Read More Here