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Category: Mining in Zambia

Mining Local Content Bill Set to Boost Economic Opportunities for Zambians 1 Mining in Zambia Copper Economy 

Mining Local Content Bill Set to Boost Economic Opportunities for Zambians

Constance
Vice President Mutale Nalumango has emphasized that the implementation of the Mining Local Content Bill will bring significant economic benefits to all Zambians. Speaking at the Mining Local Content Conference and Expo in Kitwe, organized by the Zambia Association of Manufacturers (ZAM), Mrs. Nalumango stated that the bill will ensure that the wealth generated from Zambia’s natural resources leads to job creation and sustainable economic growth. Mines Minister Paul Kabuswe added that the bill is 90 percent complete and that legislation will soon be finalized. He noted that once implemented,… Read More Here
Ming’omba Mine Launches Scholarships to Foster AI Talent in Zambia 2 Mining in Zambia Copper 

Ming’omba Mine Launches Scholarships to Foster AI Talent in Zambia

Constance
The newly inaugurated Ming’omba Mine in Chililabombwe, owned by KoBold Metals, is offering ten scholarships in data science and exploration geography for Zambian students. In collaboration with Stanford University, Copperbelt University, and the University of Zambia (UNZA), KoBold Metals has developed this new program as part of its initiative to integrate artificial intelligence into mineral exploration. KoBold Metals aims to combine advanced exploration technologies with Zambian expertise to discover world-class mineral deposits. The Ming’omba site has already revealed substantial copper reserves, touted as the largest copper find in Zambia in… Read More Here
Zambia, Tanzania, and China Sign Agreement to Revitalize TAZARA Railway 3 Mining in Zambia Transport and Logistics 

Zambia, Tanzania, and China Sign Agreement to Revitalize TAZARA Railway

Constance
President Hakainde Hichilema has signed a historic agreement with his Tanzanian and Chinese counterparts to revitalize the TAZARA railway, a crucial step in boosting Zambia’s copper exports via Tanzania. This upgrade is expected to increase mining revenue and create jobs throughout the supply chain. The agreement was formalized during the Forum on China-Africa Cooperation in Beijing, marking the most significant upgrade to the railway since its initial construction in the 1970s, a joint effort by Chinese Premier Mao Zedong and Zambia’s founding President Kenneth Kaunda. The TAZARA line connects Zambia’s… Read More Here
ZESCO's Chisamba Solar Project Hits Key Milestones in Zambia's Energy Shift 4 Mining in Zambia Energy Green Energy 

ZESCO’s Chisamba Solar Project Hits Key Milestones in Zambia’s Energy Shift

Constance
ZESCO’s 100-megawatt solar project in Chisamba is making steady progress as part of Zambia’s broader strategy to diversify its energy supply and build a more climate-resilient energy system. Located in Kafungalubala village, within Chief Chaamuka’s area in Chisamba district, the project is a significant step towards reducing Zambia’s reliance on hydroelectric power. As of August 3, 2024, substantial progress has been made on the project. A total of 120 hectares of land has been cleared, fencing has been installed, and the main access road to the plant has been constructed.… Read More Here
ZESCO and POWERCHINA Sign MoUs to Boost Zambia's Solar Energy Capacity 5 Mining in Zambia Energy 

ZESCO and POWERCHINA Sign MoUs to Boost Zambia’s Solar Energy Capacity

Constance
In a major step towards enhancing Zambia’s renewable energy capacity, ZESCO has signed three Memoranda of Understanding (MoUs) with the Power Construction Corporation of China (POWERCHINA) for the development of solar power projects across the country. The agreements, signed during a ceremony attended by President Hakainde Hichilema and POWERCHINA Chairman Ding Yanzhang, include three critical initiatives: 1.A Framework Cooperation Agreement for the supply, delivery, and installation of rooftop solar systems in Zambia. 2.An Engineering, Procurement, and Construction (EPC) agreement for a 100-megawatt solar photovoltaic power plant at Kariba North. 3.An… Read More Here
Zambia Faces Severe Power Deficit Amid Prolonged Drought 6 Mining in Zambia Electricity 

Zambia Faces Severe Power Deficit Amid Prolonged Drought

Constance
Zambia is grappling with a worsening power deficit of 1,510 megawatts (MW), despite an installed capacity of over 3,777 MW. This shortfall has persisted despite efforts to import electricity, as the country’s drought-stricken conditions have severely impacted its hydroelectric generation capacity. As a result, consumers, particularly households, are experiencing only three hours of electricity daily. The country has faced sustained power shortages since March 2024, after an El Niño-induced drought drastically reduced water levels in key reservoirs, including the 66-year-old Kariba Dam, which now holds less than 1.3 meters of… Read More Here
ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion 7 Mining in Zambia Copper Mining tax Zinc 

ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion

Constance
The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion. Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes. The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme. After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution… Read More Here
OPTIMIZING OPERATIONS, MAXIMIZING PROFITS: DGC AFRICA'S AIM SEMINAR 8 Sponsored Content Mining in Zambia 

OPTIMIZING OPERATIONS, MAXIMIZING PROFITS: DGC AFRICA’S AIM SEMINAR

arnbethnic
Zambia – September 2024In an era of rapid technological advancement and evolving market dynamics, the African mining industry stands at a pivotal juncture. The need for robust Asset Integrity Management (AIM) has emerged as a critical factor in maintaining competitiveness and ensuring sustainable operations. Recognizing this imperative, DGC AFRICA is proud to announce a landmark seminar dedicated to exploring cutting-edge AIM strategies and solutions.The Critical Role of Asset Integrity ManagementAsset Integrity Management is no longer a luxury but a necessity in modern mining operations. It encompasses a holistic approach to… Read More Here
DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports 29 Transport and Logistics Angola Mining in DRC Mining in Zambia 

DBSA Approves $200M for US-Backed Lobito Rail to Boost African Mineral Exports

Constance
The Development Bank of Southern Africa (DBSA) has approved up to $200 million in financing for the Lobito Corridor rail project, a US-backed initiative aimed at transporting critical minerals from Central Africa’s Copperbelt to the Atlantic port in Angola. Mpho Mokwele, DBSA’s Executive for Transacting, emphasized the project’s importance in supporting the global energy transition by facilitating the export of minerals essential for renewable energy technologies. “The Lobito Corridor is set to become the most competitive route for exporting these minerals, offering significant cost and time savings for exporters,” Mokwele… Read More Here

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