Mining in Zambia - Copperbelt Katanga Mining

Midnight Sun Mining Expands Copper Exploration Near Kansanshi Mine

September 21, 2024September 22, 2024 Constance

Canadian exploration company Midnight Sun Mining has launched a new exploration phase at the Kazhiba target on its Solwezi property in Zambia. This initiative is part of the company’s ongoing cooperative exploration agreement with First Quantum Minerals, aimed at identifying near-surface oxide copper resources to supply the nearby Kansanshi mine, located less than 10 km away. The exploration program involves 3,000 meters of reverse circulation drilling, partial ionic leach sampling, and an induced polarization survey, all designed to evaluate the high-grade oxide copper blanket at Kazhiba. Midnight Sun President and… Read More Here

Mining in Zambia Copper Gold

Zambia’s Chamber of Mines Warns of Investor Risks Amid Proposed Mining Reforms

September 19, 2024September 19, 2024 Constance

Zambia’s Chamber of Mines has raised concerns over proposed legislative and policy reforms, calling them “an unprecedented threat” to investors’ rights and warning that they could hinder the country’s goal to significantly boost copper production. The Chamber, which includes major industry players like First Quantum Minerals Ltd. and Barrick Gold Corp., opposes a draft law that would increase state control over certain minerals. It argues that these measures will undermine investor confidence and discourage future investment. In a statement issued on Tuesday, the Chamber criticized President Hakainde Hichilema’s administration for… Read More Here

Mining in Zambia Copper New Mining Projects

Mimosa Resources Secures $3 Million for Zambia’s Kashime Copper Mine Development

September 19, 2024September 19, 2024 Constance

Zambian mining company Mimosa Resources has secured a $3 million investment from Australian Stock Exchange-listed Zeta Resources for the development of its Kashime copper mine near Mkushi in Central Province. The funding will support final feasibility studies and preparatory work at the site. Mimosa Resources’ Executive Chairman, Jordan Soko, expressed confidence in the project, highlighting that Zeta’s investment reflects strong belief in Mimosa’s potential and the local expertise driving the Kashime mine. He noted the mine’s critical role in helping Zambia achieve its goal of producing 3 million tonnes of… Read More Here

Mining in Zambia Economy

Chi-Africa Mining Company to Invest $5 Million in Zambia’s Kalulushi District

September 19, 2024September 19, 2024 Constance

The Chi-Africa Mining Company has announced plans to invest over $5 million (approximately K131 million) in mining, agriculture, and solar energy projects in the Kalulushi District of Copperbelt Province, Zambia. This announcement follows President Hakainde Hichilema’s successful participation in the Forum for China-Africa Cooperation in Beijing, where he secured a $1 billion upgrade for the Tazara railway line and agreements to enhance power generation at ZESCO. Copperbelt Minister Elisha Matambo praised Chi-Africa’s investment during a meeting with the company’s representatives. “His Excellency Hakainde Hichilema is focused and very hardworking,” he… Read More Here

Mining in Zambia Electricity Energy

Zambian Copper mines Turn to Eskom for Power Amid Severe Energy Crisis

September 15, 2024September 16, 2024 Constance

Zambia’s largest mines are turning to an unexpected source of power as the country grapples with an unprecedented energy crisis: South Africa’s Eskom Holdings SOC Ltd. Eskom, which faced its own severe electricity deficit until March, is now providing crucial support. The crisis in Zambia has been exacerbated by an historic drought that has crippled hydropower generation, which supplies about 85% of the country’s electricity. As a result, households are experiencing power cuts of up to 21 hours a day, and companies like First Quantum Minerals Ltd. are forced to… Read More Here

Lithium Battery Metals Cobalt Mining in Zambia

WTO Chief Advocates Local Processing of Mining Products to Boost Africa’s Economic Value

September 15, 2024September 15, 2024 Constance

On Tuesday, September 12, 2024, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala urged Africa to process its strategic mining products locally instead of exporting them raw. In a media briefing, she emphasized the need for an integrated approach to develop full value chains on the continent, particularly in resource-rich countries like the DRC. “Why continue to export raw materials?” Okonjo-Iweala questioned. “We should process these critical minerals locally, in partnership with neighboring countries such as Zambia, to create jobs and increase value addition in the region.” She highlighted Africa’s potential… Read More Here

Mining in Zambia Copper

FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila

September 15, 2024September 15, 2024 Constance

First Quantum Minerals (FQM) has once again opened its doors to local entrepreneurs by hosting its annual business clinic in Kalumbila, aimed at empowering small and medium-sized enterprises (SMEs). Held in collaboration with the Zambia Development Agency (ZDA), the event attracted government officials, financial institutions, and industry leaders under the theme “Driving Local Economic Growth Through Sustainable Partnerships.” The clinic, organized by FQM’s Trident Foundation, focuses on integrating local businesses into the mining supply chain, offering practical knowledge, networking opportunities, and support to foster SME growth within the North-Western Province.… Read More Here

Mining in Zambia Copper New Mining Projects

Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End

September 12, 2024September 16, 2024 Constance

The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to transform the Lumwana mine into a long-life, high yielding, Top 25 copper producer1 and a Tier One2 copper mine, capable of contending with the volatility… Read More Here

Mining in Zambia Copper

KCM’s Nampundwe Mine Relaunch Key to Sustaining Zambia’s Copper Operations

September 11, 2024September 11, 2024 Constance

Konkola Copper Mines (KCM) Chief Operating Officer Malcolm Mewett underscored the importance of Nampundwe Mine in ensuring the company’s profitability, emphasizing that without pyrite production from this mine, KCM’s operations are not sustainable. Speaking at the relaunch of Nampundwe Mine last week, Mewett stressed the need for modernization and increased output to secure the mine’s future. “Nampundwe is crucial for producing pyrite, which is essential for running the Nchanga Smelter. Without pyrite, our smelter cannot function, and without the smelter, KCM cannot remain profitable. Over the next 12 months, we… Read More Here

Mining in Zambia

EU Pledges $35 Million in Grants to Boost South Africa’s Green Hydrogen Sector

September 11, 2024September 11, 2024 Constance

The European Union has announced two grants worth approximately $35 million to support South Africa’s green hydrogen initiatives, aimed at accelerating its decarbonization goals. The first grant, valued at 140 million rand ($7.8 million), is intended to assist South African state-owned enterprise Transnet with infrastructure upgrades. The funds will be used to enhance critical logistics, including railways, ports, and pipelines, which are necessary for developing the green hydrogen sector. The second grant, amounting to 25 million euros ($27.6 million), will help South Africa further develop its green hydrogen value chain,… Read More Here