Mining in Zambia - Copperbelt Katanga Mining

Zambia to Fully Map Mineral Resources to Combat Illegal Mining

August 10, 2024August 11, 2024 Constance

Zambia’s Minister of Mines and Minerals Development, Hon. Paul C. Kabuswe, MP, has stressed the importance of continued support and collaboration in the mining sector. During a speech in Lusaka on August 9th, Minister Kabuswe highlighted the Government’s commitment, alongside key stakeholders, to fully map Zambia’s geological landscape. This initiative is crucial for combating illegal mining and uncovering untapped mineral resources. Currently, only 49 percent of the country is mapped, a situation the Minister noted has worsened illegal mining activities. Once the full mapping is completed, the Government will have… Read More Here

Copper Mining in Zambia

Jubilee Resources Begins Operations at Upgraded Roan Project in Zambia

August 9, 2024August 9, 2024 Constance

Diversified metals producer Jubilee Resources Group has initiated operations at its newly upgraded Roan project in Zambia. The launch of the project’s front-end section enhances the processing capacity and operational flexibility of the existing milling and flotation units. The newly constructed front-end section, located adjacent to the current milling and flotation circuits, boosts Roan’s overall processing capacity to a maximum of 13,000 tons per year of copper. This upgrade is part of Jubilee’s broader strategy to increase operational capacity, which also includes ongoing upgrades to the Sable refinery. The combined… Read More Here

Mining in Zambia Copper New Mining Projects Partnership

Tertiary Minerals’ Zambian Subsidiary Signs Strategic Agreement with FQM on Mukai Copper Project

August 8, 2024August 8, 2024 Constance

Tertiary Minerals’ newly established Zambian subsidiary, Copernicus Minerals, has signed a binding letter of agreement (BLA) with First Quantum Minerals (FQM) for the Mukai copper project in Zambia. Copernicus Minerals is 90% owned by Tertiary Minerals (Zambia), which is 96% owned by Tertiary Minerals. Under the agreement, FQM is granted an initial 24-month exploration due diligence period, during which it is committed to funding a minimum of $1.5 million in exploration expenses, with $500,000 allocated for the first year (Phase 1). FQM can earn an initial 51% stake in the… Read More Here

Mining in Zambia Copper

FQM to trim work hours at stalled Panama copper mine

August 8, 2024August 8, 2024 Constance

First Quantum Minerals Ltd. is trimming working hours at its stalled copper mine in Panama in a bid to rein in the cost of preserving the site following last year’s shutdown order, the union said. The Canadian firm will reduce extraordinary hours available to workers and end Sunday activities, according to a union statement. Changes will take effect Aug. 15. First Quantum declined to comment. “The company is executing this action without support from the workers that are still there to keep the project afloat,” union leader Michael Camacho said… Read More Here

Mining in Zambia Copper Economy

Proposed Mining Law Threatens Zambia’s Copper Production Goals

August 8, 2024August 8, 2024 Constance

Zambia’s proposed Minerals Regulation Law could deter investment and deliver a “fatal blow” to the country’s goal of increasing annual copper output to 3 million metric tons, according to two mining organizations. As Africa’s second-largest copper producer, Zambia is considering a Minerals Regulation Commission Bill that would allow the government to acquire a stake in exploration areas before granting licenses to investors for mineral exploration, including copper. The proposed legislation, which was reviewed by Reuters, seeks to empower the finance minister to maintain a shareholding in a mining license on… Read More Here

Mining in Zambia

ZCCM-IH pays K41.6m dividend to Zambian Govt

August 8, 2024August 8, 2024 Constance

ZCCM-Investment Holdings has handed over a dividend cheque of 41.6 million kwacha to the Ministry of Finance and National Planning. The Ministry holds a 17.4 percent stake on behalf of the Zambian government. ZCCM-IH Chief Executive Officer, NDOBA VIBETTI handed over the cheque to Finance and National Planning Minister SITUMBEKO MUSOKOTWANE in Lusaka yesterday. Dr. VIBETTI said in addition, ZCCM-IH has also delivered two dividend cheques to its two other stakeholders, the Industrial Development Corporation -IDC- and the National Pension Scheme Authority -NAPSA- amounting to 182 million kwacha. This brings… Read More Here

Mining in Zambia Electricity Energy

Kariba Dam Repairs Near Completion, Promising Relief for Energy Shortages in Zambia and Zimbabwe

August 8, 2024August 8, 2024 Constance

Engineers at the Kariba Dam have successfully completed repairs to the structure’s plunge pool and have begun refilling it with water. Minister of Energy Makozo Chikote announced that repairs to the dam are now 75% complete, a significant development for Zambia’s energy sector. During a visit to the dam on Wednesday, the minister stated that the plunge pool repairs represent a crucial step in addressing the energy shortages affecting both Zambia and Zimbabwe in recent months. The dam, jointly operated by the governments of Zambia and Zimbabwe, generates 2,010 MW… Read More Here

Mining in Zambia Electricity

Zambia Imports Power from South Africa to Alleviate Energy Deficit

August 8, 2024August 8, 2024 Constance

Zambia has begun importing 218 megawatts of electricity from South Africa’s Electricity Supply Commission (ESKOM) during off-peak hours to address the country’s power shortage. Matongo Maumbi, a spokesperson for Zambia’s state-owned power utility Zesco, announced on state television that the imports started on August 1 to help mitigate the power deficit. Zambia, Africa’s second-largest copper producer, is also importing electricity from Mozambique to meet its energy demands. “The imports have allowed Zesco to stabilize the power supply, enabling us to provide electricity to critical installations such as hospitals, mines, and… Read More Here

Mining in Zambia Copper Equipment & Technology

First Quantum Trials World’s First Battery-Powered Dump Truck

July 31, 2024July 31, 2024 Constance

First Quantum Minerals has partnered with Hitachi Construction Machinery to trial a fully electric dump truck at the Kansanshi mine. This groundbreaking initiative represents a significant step toward a more sustainable and environmentally friendly mining industry. Copper is crucial for the global transition to a lower carbon, renewably powered, electric future. However, mining this essential resource must be done responsibly, with a focus on reducing emissions. Electrifying mining machinery, including dump trucks, is a key component of this effort, despite the technical challenges it presents. The trial of the battery-powered… Read More Here