FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila 1 Mining in Zambia Copper 

FQM Empowers Local Entrepreneurs with Business Clinic in Kalumbila

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
Feasibility Study on Lumwana Super Pit Expansion Expected by Year-End 2 Mining in Zambia Copper New Mining Projects 

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

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
KCM's Nampundwe Mine Relaunch Key to Sustaining Zambia's Copper Operations 3 Mining in Zambia Copper 

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

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
EU Pledges $35 Million in Grants to Boost South Africa’s Green Hydrogen Sector 4 Mining in Zambia 

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

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
Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle 5 Mining in Zambia Economy Electricity 

Zambia and Zimbabwe Face Severe Power Crisis as Kariba Dam Water Levels Dwindle

Zambia is set to shut down its hydropower plant at Kariba Dam on September 14, limiting households and businesses to just three hours of electricity per day. Meanwhile, Zimbabwe has warned it may be forced to turn off turbines at its hydropower station by December due to dwindling water levels caused by an El Niño-induced drought. Both Zambia and Zimbabwe are grappling with the effects of severe drought, driven by climate change, which has led to a dramatic drop in water levels at Kariba Dam—the world’s largest man-made lake and… Read More Here
Ivanhoe Mines Announces MOU with Govt of Zambia to Facilitate Exploration & Development Activities 6 Mining in Zambia Mining in DRC New Mining Projects 

Ivanhoe Mines Announces MOU with Govt of Zambia to Facilitate Exploration & Development Activities

Lusaka, Republic of Zambia–(Newsfile Corp. – September 10, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete announced today that on August 26, 2024, a memorandum of understanding (MOU) was signed with the Ministry of Mines and Minerals Development (Ministry of Mines) of the Government of the Republic of Zambia to support Ivanhoe Mines in commencing exploration activities in the country. The signing ceremony was attended by the Minister of the Ministry of Mines and Minerals Development, Hon. Paul Kabuswe MP, and Permanent… Read More Here
GoviEx to acquire 51% interest in Zambia exploration license 7 Mining in Zambia Exploration Uranium 

GoviEx to acquire 51% interest in Zambia exploration license

TSX- and OTCQX-listed GoviEx Uranium has obtained an option to acquire a 51% interest in the Lundazi exploration licence from Stalwart Investments. This move is a key part of GoviEx’s strategy to expand its footprint in Zambia’s uranium sector. The Lundazi licence spans 817.9 km², an area notable for the Karoo Supergroup formations, which are known to host significant sandstone-based uranium deposits. This geological setting makes the Lundazi region a promising site for uranium exploration. The geology in Lundazi closely mirrors that of GoviEx’s ongoing Muntanga project, also located in… Read More Here
Arc Minerals and Anglo American Forge Ahead with Promising Copper JV in Zambia 8 Mining in Zambia Copper 

Arc Minerals and Anglo American Forge Ahead with Promising Copper JV in Zambia

Arc Minerals, a base metals exploration and development company, has confirmed that its copper joint venture (JV) with Anglo American in Zambia is on track. Despite Anglo’s recent rejection of an all-share takeover bid from BHP, the company remains focused on copper, a key element in its new strategic direction. “It’s all about copper, and that’s the number one priority for Anglo and other major companies exposed to base metals,” said Nick von Schirnding, Arc Minerals’ director and executive chairman, in a recent interview. He described the JV project in… Read More Here
Trade Expert Applauds Agreement to Revitalize TAZARA Railway 9 Mining in Zambia Copper Transport and Logistics 

Trade Expert Applauds Agreement to Revitalize TAZARA Railway

Trade expert Gilbert Nkamba has commended the recent tripartite agreement between Zambia, Tanzania, and China to upgrade and revitalize the TAZARA railway line. The railway, which connects Zambia’s Copperbelt mines to the Tanzanian port of Dar Es Salaam, was originally constructed in the 1970s but has since fallen into disrepair. Last week, President Hakainde Hichilema signed an agreement with his Chinese and Tanzanian counterparts to restore the line, with China committing $1 billion in investments to enhance the export of Zambia’s critical metals. “Revitalizing TAZARA will attract foreign direct investment… Read More Here
ZEMA Reports Surge in Environmental Assessments Amid Rising Investments in Zambia 10 Mining in Zambia 

ZEMA Reports Surge in Environmental Assessments Amid Rising Investments in Zambia

The Zambia Environmental Management Agency (ZEMA) has announced a substantial increase in environmental assessments, with the Environmental Assessment Committee (EAC) evaluating 125 projects valued at US$563 million in August alone. Mining and mineral processing projects dominated the evaluations, accounting for 64 of the projects. This was followed by infrastructure development with 22 projects, and the energy sector with 21 projects. In terms of investment value, the manufacturing and processing sector led the way, contributing US$347 million from 16 projects. The energy sector followed with investments totaling US$147 million, while mining… Read More Here

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