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Category: Mining in Zambia

Zambia to Host Landmark Mining and Investment Insaka 1 Mining in Zambia Events & Expos 

Zambia to Host Landmark Mining and Investment Insaka

Constance
The Zambian government is preparing for the first-ever Zambia Mining and Investment Insaka, scheduled to take place from October 7th to 11th, 2024, in Lusaka. According to Minister of Mines and Minerals Development, Hon. Paul Kabuswe, the event is poised to be one of the largest global mining gatherings. Speaking at a sponsorship cheque handover ceremony, with contributions from key industry players such as Barrick Gold Lumwana, GoviEX, Zambia Industrial Commercial Bank, Collum Coal Mining Industries Ltd., and Sanlam Zambia, Kabuswe highlighted the significance of the Insaka. He noted it… Read More Here
Kansanshi Mining Reports Strong Financial Results Amid Zambia's Power Crisis 2 Mining in Zambia Copper Electricity 

Kansanshi Mining Reports Strong Financial Results Amid Zambia’s Power Crisis

Constance
Kansanshi Mining, a subsidiary of First Quantum Minerals (FQM), posted impressive financial results for the first half of 2024, driven by higher copper prices and improved ore grades despite ongoing electricity challenges in Zambia. The company recorded a net profit of $117 million, a remarkable recovery from a net loss of $1.1 million during the same period last year. Income tax contributions also surged to $56 million, up from $3.6 million in 2023. Revenue for the half-year increased by 25%, reaching $927 million. This growth was largely due to a… Read More Here
Zambia’s Energy Minister Addresses Power Deficit and Solutions 3 Mining in Zambia Electricity 

Zambia’s Energy Minister Addresses Power Deficit and Solutions

Constance
Hon. Makoso Chikote, Zambia’s Minister of Energy, addressed the nation on the ongoing power deficit, expressing gratitude for citizens’ resilience during this challenging period. He acknowledged that September was particularly difficult, with prolonged power rationing affecting numerous households and businesses. The power shortage is primarily due to three factors: reduced power generation at the Kariba North Bank Power Station, caused by water allocation challenges from the Zambezi River Authority; maintenance work at the 300MW Maamba Energy Power Plant; and technical issues with the power interconnector to Namibia. Minister Chikote announced… Read More Here
Zambia Signs MoU to Boost Trade Through Lobito Corridor 4 Mining in Zambia Transport and Logistics 

Zambia Signs MoU to Boost Trade Through Lobito Corridor

Constance
The Ministry of Commerce, Trade and Industry (MCTI) has signed a Memorandum of Understanding (MoU) with the National Quality Institutions (NQI) to implement the Lobito Corridor Trade Facilitation Project, supported by an African Development Bank grant of US$8.1 million. This project aims to enhance both domestic and cross-border trade between Zambia, Angola, and the Democratic Republic of Congo (DRC). The NQI comprises key regulatory bodies, including the Zambia Metrology Agency (ZMA), Zambia Bureau of Standards (ZABS), Zambia Compulsory Standards Agency (ZCSA), and the Competition and Consumer Protection Commission (CCPC). These… Read More Here
ZESCO Enhances Energy Reliability Following Maamba Energy Resumption 5 Mining in Zambia Electricity 

ZESCO Enhances Energy Reliability Following Maamba Energy Resumption

Constance
ZESCO has announced that it will be able to provide a more reliable and consistent energy supply during the scheduled hours of load shedding starting Wednesday, following the resumption of full operations at Maamba Energy on Tuesday evening. During a media briefing in Lusaka, Transmission Operations and Trade Director Justin Loongo revealed that ZESCO has secured a guaranteed 400 megawatts of power imports during off-peak and standard times. However, he noted that “for peak periods, inputs will depend on availability, and at peak times, all countries want to domesticate power.”… Read More Here
Metso Secures €70M Contract from Barrick Gold for Lumwana Copper Project Equipment 6 Mining in Zambia Copper Mining Supply Tenders 

Metso Secures €70M Contract from Barrick Gold for Lumwana Copper Project Equipment

Constance
Metso has secured a significant contract from Barrick Gold for the supply of essential process equipment at the Lumwana copper project in Zambia. Valued at approximately €70 million ($78.12 million), this order will be recorded in the minerals segment’s third-quarter 2024 intake. Under the terms of the contract, Metso will provide a comprehensive suite of equipment, including systems for grinding, flotation, thickening, feeding, and filtration. Markku Teräsvasara, Metso’s Deputy CEO and President of the Minerals Business Area, expressed gratitude for the opportunity, stating, “We are honored to have been selected… Read More Here
Barrick Launches $2 Billion Super Pit Expansion at Lumwana Mine in Zambia 7 Mining in Zambia Copper 

Barrick Launches $2 Billion Super Pit Expansion at Lumwana Mine in Zambia

Constance
The development of a Super Pit at Barrick’s Lumwana copper mine was officially launched on 3rd October 2024, by the Zambian President, His Excellency Hakainde Hichilema, accompanied by members of his cabinet. The feasibility study for the Super Pit Expansion is expected by the end of the year, paving the way for construction to start in 2025. Once completed, the $2 billion project1,4 unlocks the potential to transform Lumwana into a long-life, high-yielding, top 25 copper producer1 and a Tier One2 copper mine. The expansion involves first doubling throughput of the existing process… Read More Here
Zambia’s New $30 Million Copper and Cobalt Mine Set to Open in Mufulira District 8 Mining in Zambia Cobalt Copper New Mining Projects 

Zambia’s New $30 Million Copper and Cobalt Mine Set to Open in Mufulira District

Constance
A $30 million copper and cobalt mine is set to open in Mufulira District, located in Zambia’s Copperbelt Province. Chilibwe Mine, which will be positioned off the Ndola-Mufulira road, is expected to operate for a lifespan of 10 years. The mine covers an area of 20 hectares and aims to produce 2,000 metric tonnes of copper and cobalt each month. This initiative aligns with President Hakainde Hichilema’s goal to ramp up copper production to 3 million tonnes per annum by 2032. In a recent scoping meeting in Mufulira, the mine’s… Read More Here
Mumbwa Identified as Key to Growing Zambia's Gold Reserves as Kabeta Cracks Down on Smuggling 9 Mining in Zambia Gold 

Mumbwa Identified as Key to Growing Zambia’s Gold Reserves as Kabeta Cracks Down on Smuggling

Constance
Mines Permanent Secretary, Barnaby Kabeta, addressed hundreds of miners in Nangoma constituency, who were impacted by the closure of Lwili Mine due to safety concerns and illegal operations. The mine was shut down two weeks ago after the Zambian National Service was deployed to restore order following a rise in fatalities and other issues. In his address, Kabeta assured the affected miners that operations at Lwili Mine would resume soon. “The Nangoma mine area will reopen on Friday. We need to know who is entering the mine, as we currently… Read More Here
FQM Suspends Operations at Kansanshi Mine Following Fatal Accident 10 Mining in Zambia Copper Mining safety 

FQM Suspends Operations at Kansanshi Mine Following Fatal Accident

Constance
First Quantum Minerals has temporarily halted operations in the area of a fatal accident at its Kansanshi copper mine in Zambia, the company announced on Monday. The accident, which occurred on Sunday, involved a tracked dozer and a light vehicle, resulting in the death of an employee. The Canadian mining company has launched an internal investigation and secured the accident site. “Operations in the affected area will only resume once it is deemed safe to do so,” First Quantum stated. The Kansanshi mine, which produced 134,827 tonnes of copper and… Read More Here

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