Mining in Zambia - Copperbelt Katanga Mining

CKM EMAGAZINE SEPTEMBER – OCTOBER 2024 EDITION (PDF FORMAT)

September 2, 2024September 9, 2024 arnbethnic

Just in case you have not yet receive the September– October 2024 edition of the CKM eMagazine, Here’s your free copy and don’t forget to share with your colleagues who might not only need this but would also benefit from the quality news and professional information provided in this special edition. The CKM eMagazine is massively distributed digitally reaching top decision makers in all the mining houses in Zambia and the DRC. We have over 115,000 followers on LinkedIn with over 65,000 CKM Newsletter subscribers with over 1,000,000 organic impressions . This Sept-October 2024 edition will be distributed massively at Electra Mining Africa 2024 in Johannesburg, South… Read More Here

Mining in Zambia Exploration

Midnight Sun Shares Drop After Zambia Rejects Kazhiba License Renewal

August 31, 2024August 31, 2024 Constance

Midnight Sun Mining Corp. (TSXV: MMA) saw its shares drop sharply late Thursday following the Zambian government’s rejection of its application to renew the exploration license for the Kazhiba target, part of its flagship Solwezi project. Kazhiba is one of three key targets within Midnight Sun’s 506 km² property in Zambia, which has already yielded significant copper discoveries. The area is underlain by a previously undiscovered basement dome similar to those found at First Quantum’s Kansanshi mine, a major copper producer in the region. These basement domes are believed to… Read More Here

Mining in Zambia Mining in DRC Partnership

Zambia’s Ministry of Mines and Ivanhoe Forge Strategic MoU

August 29, 2024August 29, 2024 Constance

The Zambian government has taken a major step to enhance its mining sector by signing a Memorandum of Understanding (MoU) with Ivanhoe Mines. The agreement, facilitated by the Ministry of Mines and Minerals Development, is designed to drive growth and development within the country’s vital mining industry. During the signing ceremony, Mines Minister Paul Kabuswe expressed optimism about the collaboration, emphasizing the potential benefits for Zambia’s mining sector. He praised Ivanhoe’s strong investment record across Africa, highlighting the company’s expertise as a valuable asset for Zambia’s mineral resource development. Hapenga… Read More Here

Mining in Zambia Copper

Zambia to Launch National Critical Minerals Strategy

August 29, 2024August 29, 2024 Constance

The Zambian government will launch its National Critical Minerals Strategy on Thursday, August 29, aimed at preventing the export of raw minerals and promoting value addition. Mines and Mineral Development Minister Paul Kabuswe announced that the strategy will set regulations for mineral processing, ensuring value is added before export. The government also plans to increase mineral production to 3 million metric tons annually by 2031. Kabuswe’s remarks were delivered by Ministry of Mines Permanent Secretary Hapenga Kabeta at the 2024 Zambia Alternative Mining Indaba in Lusaka. Publish What You Pay… Read More Here

Mining in Zambia Electricity

China to Assist Zambia in Resolving Power Deficit

August 28, 2024August 28, 2024 Constance

China is set to address Zambia’s power deficit caused by drought-induced hydropower generation shortfalls. Chinese Ambassador to Zambia, Han Jing, announced that during the Forum on China-Africa Cooperation (FOCAC) summit from September 4 to 6, 2024, a special Zambia Power Development Forum will be held in Beijing. The forum aims to explore solutions for Zambia’s persistent power shortages and will feature discussions among Chinese and Zambian stakeholders from the power and financial sectors. Ambassador Han highlighted that over the past 25 years, China has invested significantly in power infrastructure, including… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd

August 28, 2024August 28, 2024 Constance

28th August 2024, Lusaka, Zambia – ZCCM Investments Holdings PLC (ZCCM-IH) has secured a deal with Jinchengxin Mining Management Company Ltd (JCHX) to acquire an additional 10% stake in Lubambe Copper Mines Ltd (Lubambe) for $1. This transaction will raise ZCCM-IH’s ownership in Lubambe from 20% to 30%, while JCHX’s stake will decrease from 80% to 70%. The deal is expected to be completed within six months. With this increased shareholding, ZCCM-IH will gain marketing rights to copper ore concentrate output proportional to its ownership. This is a groundbreaking move… Read More Here

Mining in Zambia Hydro power plant Partnership

Jubilee Metals signs Power deal with Zambia’s Lunsemfwa Hydro Power Company

August 28, 2024August 28, 2024 Constance

Jubilee Metals Group, a diversified metals producer listed on the AIM, has signed a three-year power purchase agreement (PPA) with Lunsemfwa Hydro Power Company (LHPC), an independent producer of hydropower and solar energy in Zambia. The PPA guarantees that the power needs of Jubilee’s Roan concentrator facility and Sable refinery will be met continuously at competitive rates starting September 1. Additionally, Jubilee has the option to acquire up to 10 MW of solar-generated power at rates discounted by over 30% from the initial PPA terms. This agreement secures the company’s… Read More Here

Mining in Zambia Oil & Gas

Tanzania and Zambia to Assess Costs for Joint Pipeline Expansion Project

August 28, 2024August 28, 2024 Constance

A contractor has been assigned to conduct a feasibility study aimed at expanding the capacity of the Tanzanian-Zambia Crude Oil Pipeline, commonly known as the Tazama Pipeline. The goal is to increase its capacity to transport 5 million tonnes of crude oil annually. The Tazama Pipeline, built in 1968, currently has a capacity of 800,000 tonnes, which no longer meets the demands of Tanzania and Zambia, necessitating the upgrade. According to the Tanzanian newspaper The Citizen, Davison Thawethe, Managing Director of Tanzania Pipeline Limited, stated that the cost of the… Read More Here

Mining in Zambia Energy

Zambia Signs Agreement for 50 MW Solar Plant in Kafue

August 25, 2024August 25, 2024 Constance

Dr. Francesca Chisangano Zyambo, Permanent Secretary Administration at the Ministry of Energy, has signed an Implementation Agreement with Wendit Group for the construction of a 50 MW solar plant in Kafue Town, Lusaka. Wendit Group CEO, Mr. Erich Horlacher, expressed his appreciation to the Zambian government and the Ministry of Energy for their steadfast support and commitment to advancing sustainable energy solutions. “The 50 MW solar plant marks a major advancement in Zambia’s energy sector. This project will provide clean, renewable energy, reduce dependence on fossil fuels, cut carbon emissions,… Read More Here

Mining in Zambia Copper Mining in DRC Transport and Logistics

Southern Africa’s Railways Surge with Global Investment Amid Copper Boom

August 25, 2024August 25, 2024 Constance

Southern Africa’s railways are garnering international attention and attracting billions of dollars in investment, driven by the race to secure copper supplies essential for the energy transition. From Angola on the west coast to Tanzania on the east, governments and investors are poised to revive long-neglected rail lines and construct new ones. This surge in demand is largely fueled by the central African copperbelt shared by Zambia and the Democratic Republic of Congo. “We’re at a historic turning point,” said Babe Botana, Executive Director of the Southern African Railways Association.… Read More Here