Mining in Zambia - Copperbelt Katanga Mining

Zambia's Economy to Grow Over 6% in 2025 with Key Investments and Social Support 1

Zambia’s economy is projected to grow by over 6% in 2025, according to Finance and National Planning Minister Situmbeko Musokotwane, who remains optimistic about maintaining this growth unless the country faces another drought. However, Minister Musokotwane noted that Zambia’s 2024 economic growth forecast has been downgraded to 1.1% due to the adverse effects of the drought, which significantly impacted agricultural production. The drought also negatively affected electricity generation, leading to setbacks in manufacturing and other sectors. Dr. Musokotwane made these remarks today in Lusaka at the 2025 Post-Budget and Economic… Read More Here

Zambia ERB Raises Fuel Prices Amid Kwacha Decline and Oil Surge

November 30, 2024November 30, 2024 Constance

The Energy Regulation Board (ERB) has announced an upward adjustment in the pump prices for petroleum products, effective from midnight. ERB Chairperson James Banda attributed the price increase to the rise in international oil prices and the depreciation of the Zambian Kwacha against the US Dollar. He further explained that since the last price review on October 31, 2024, the Kwacha had depreciated by over 2 percent against the US Dollar. SOURCE:znbc Read More Here

Mining in Zambia Economy Transport and Logistics

Zambia Advances SME Growth with Lobito Corridor Trade Facilitation Project

November 30, 2024November 30, 2024 Constance

Zambia has taken a major step toward supporting Small and Medium Enterprises (SMEs) by signing a Memorandum of Understanding (MOU) for the Lobito Corridor Trade Facilitation Project. This initiative, backed by the African Development Bank (AfDB), involves collaboration between Zambia’s Ministry of Commerce, Trade, and Industry and the Ministry of Small and Medium Enterprise Development. The project seeks to strengthen trade among the Lobito Corridor states—Zambia, Angola, and the Democratic Republic of Congo (DRC). The MOU was signed during a ceremony in Lusaka attended by senior government officials, directors, and… Read More Here

Mining in Zambia Energy

Zambia’s Energy Minister Launches 58-kW Solar Microgrid in Chama District

November 30, 2024November 30, 2024 Constance

Energy Minister Makozo Chikote has inaugurated the 58-kilowatt Manga Solar Microgrid in Chikwa, Chama District. The project, part of the Chikwa Wash Energy initiative led by World Vision, represents an investment exceeding 18.5 million Kwacha. During the commissioning, Minister Chikote highlighted the government’s commitment to expanding electricity access across Zambia. “We have a vision and a plan to ensure the continued expansion of power to serve our nation,” he stated. He also emphasized the need for the Rural Electrification Authority (REA) to collaborate with stakeholders to guarantee the sustainability of… Read More Here

Mining in Zambia Copper Corporate News Press Release

MIMOSA RESOURCES AND MKUSHI TRADITIONAL LEADERS INSPIRED BY FQM’S BLUEPRINT FOR SUSTAINABLE MINING

November 29, 2024November 30, 2024 Constance

Mimosa Resources and the traditional leadership from Chief Chitina’s chiefdom in Mkushi have expressed appreciation of First Quantum Minerals’ (FQM) blueprint for sustainable mining in Zambia following a tour of its Kansanshi Mine in Solwezi District, North-Western Province. The familiarisation tour was recently undertaken as part of wider stakeholder engagement efforts by Mimosa Resources to foster collaboration between traditional leaders, mining operators, and the local community for its Kashime Copper Project in Mkushi, underscoring its dedication to creating a model of mining that balances economic growth with environmental and social… Read More Here

Mining in Zambia Events & Expos

CEJ Advocates for Sustainable Mineral-Based Development in Zambia

November 28, 2024November 28, 2024 Constance

The Centre for Environment Justice (CEJ) actively participated in the “Green and Inclusive Approach to Mineral-Based Development and Industrialization” workshop held in Ndola, Zambia, organized by the United Nations Economic Commission for Africa (UNECA). During the event, CEJ’s Head of Research and Studies, Mr. Freeman Mubanga, underscored the importance of environmentally sustainable practices in Zambia’s mineral-based industrialization efforts. Speaking as a panelist, he highlighted Zambia’s strides in copper beneficiation and the integration of mining with local industries. Mr. Mubanga identified several challenges impeding the mining sector’s growth, including: To tackle… Read More Here

Mining in Zambia New Mining Projects

Arc Minerals Receives $1 Million Payment from Anglo American for Zambian JV

November 28, 2024December 1, 2024 Constance

London-listed Arc Minerals has received a $1 million payment from Anglo American as part of their ongoing joint venture (JV) in Zambia. The payment is directed to Arc’s subsidiary, Unico Minerals, with Arc retaining 67% of the total amount received, while the remaining balance goes to another Unico shareholder. Earlier in November, Arc confirmed copper mineralisation at all drill targets on the jointly owned project, with priority targets now identified for further investigation. The JV covers Arc’s Zambian copper project, which spans 870 km² in the country’s North Western province.… Read More Here

Mining in Zambia Copper Transport and Logistics

Cold Box Unit Completes Successful Journey to Kansanshi Mine in Zambia

November 25, 2024November 25, 2024 Constance

The Cold Box Unit has successfully arrived at Kansanshi Mine in Solwezi, completing a challenging journey that began on October 29, 2024, at the Katima Mulilo Border in Zambia’s Western Province. After a well-coordinated transport effort, the load passed through multiple provinces, navigating various terrains and logistical hurdles before arriving at the Kansanshi Mine boom gate at 16:50 hours. Transporting this large and complex piece of equipment posed significant challenges due to its abnormal size and weight. The operation required meticulous planning and coordination between transport authorities, logistics teams, and… Read More Here

Mining in Zambia Infrastructural Development Mining in DRC

Zambia and DRC Unite to Build Key Cross-Border Road Boosting Regional Trade

November 25, 2024November 25, 2024 Constance

Zambia and the Democratic Republic of Congo (DRC) have signed a landmark agreement to construct a 145-kilometer road linking Kolwezi in the DRC to Lumwana in Zambia, passing through the Kambimba-Sakabinda border posts. This ambitious project, formalized in Kolwezi, Lualaba Province, aims to enhance border infrastructure, streamline trade, and strengthen economic ties between the two nations. The agreement, signed by Zambia’s Minister of Infrastructure, Housing, and Urban Development, Charles Milupi, and DRC’s Minister of Infrastructure and Public Works, Alexis Muvunyi, includes the construction of a one-stop border post to facilitate… Read More Here

Mining in Zambia Electricity Mining safety

Zambian Miners Rescued Following Nationwide Power Outage

November 25, 2024November 25, 2024 Constance

Miners trapped underground at two copper mines in Zambia were safely rescued after a nationwide power outage disrupted operations, the country’s Ministry of Energy reported on Monday. The blackout occurred on Sunday due to a “power system disturbance,” according to state utility Zesco. The outage also affected neighboring Zimbabwe, highlighting the region’s ongoing energy challenges exacerbated by the worst drought in decades, which has severely impacted hydropower generation. Zambia’s Energy Permanent Secretary, Peter Mumba, confirmed that miners were trapped at Mopani Copper Mines, majority-owned by the United Arab Emirates’ International… Read More Here