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Category: Mining in Zambia

ERB Confirms Zambia's Fuel Stocks Are Sufficient Amid Nationwide Distribution Efforts 1 Mining in Zambia Oil & Gas Petroleum 

ERB Confirms Zambia’s Fuel Stocks Are Sufficient Amid Nationwide Distribution Efforts

Constance
The Energy Regulation Board (ERB) has assured that Zambia currently holds sufficient petroleum stock levels, addressing recent fuel shortages experienced in parts of the country. According to ERB, logistical issues related to cross-border fuel transportation have been the primary cause of these localized shortages. To mitigate this, the ERB has temporarily eased movement restrictions on Petroleum Road Tank Vehicles to facilitate more efficient fuel deliveries and reduce supply gaps. ERB Director General, Elijah Sichone, reported that the nation has 35.8 million liters of diesel and 8.9 million liters of petrol… Read More Here
FQM in Talks for Potential Partnerships on Zambian Assets 2 Copper Mining in Zambia Nickel 

FQM in Talks for Potential Partnerships on Zambian Assets

Constance
First Quantum Minerals, the Canadian mining company, is in discussions with potential partners regarding its Zambian copper and nickel assets, though it has not disclosed the names of the firms involved. Last week, Reuters reported that Saudi Arabia’s Manara Minerals was nearing a deal to acquire a minority stake in these Zambian assets, citing sources familiar with the matter. “We are open to partnerships, including in Zambia, but only if it benefits our Zambian operations, the government, and all stakeholders,” First Quantum CEO Tristan Pascall said during a conference call… Read More Here
Zambia Aims for Major Copper Output Boost Through Investor Partnerships 3 Mining in Zambia Economy 

Zambia Aims for Major Copper Output Boost Through Investor Partnerships

Constance
Zambia is set to enhance its copper output by developing numerous mining licenses in collaboration with investors. The country aims to more than quadruple its production by the early next decade, a goal that will require significant financial investment to advance early-stage projects into operational mines. In an interview, Jito Kayumba, special assistant for finance and investment to President Hakainde Hichilema, stated that over 40 permits reserved by the Mines Ministry will be transferred to a state-owned company. This entity will negotiate partnerships with private investors, maintaining significant minority, non-operational… Read More Here
Konkola Copper Mines Reports Second Fatality at Nchanga Mine 4 Mining in Zambia Copper Mining safety 

Konkola Copper Mines Reports Second Fatality at Nchanga Mine

Constance
CHINGOLA, 21 October 2024: Konkola Copper Mines Plc (KCM) deeply regrets to announce a second fatality at its Nchanga mine. Mr. Stephen Daka, a 38-year-old dump truck driver employed by GRN Mining Contractor, tragically lost his life at the Chingola Open Pit (COP, F&D) operations on Monday, 21 October 2024, around 13:00 hours. Mr. Daka’s body was discovered by the mine’s investigation team a few meters from the dump truck he had been operating. The circumstances leading to the accident are currently under investigation. KCM’s management has expressed its heartfelt… Read More Here
Copper Prices Projected to Rise as DRC and Zambia Prepare for Increased Production 5 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 6 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 7 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 8 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 9 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 10 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

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