Mining in Zambia - Copperbelt Katanga Mining

Zambia’s Copper Production Set to Surge by 2027

July 26, 2024July 26, 2024 Constance

Zambia’s annual copper production is projected to grow by more than 40% to reach 1 million tons by 2027, according to the country’s Finance Ministry. As Africa’s second-largest copper producer, Zambia aims to capitalize on the anticipated supply shortfall driven by the energy transition, which is increasing demand for copper in electric vehicles and wind farms. In 2023, Zambia’s copper output fell to a 14-year low of 698,566 tons due to frequent tax changes and conflicts with the previous government. However, the Ministry of Finance and National Planning’s medium-term budget… Read More Here

Mining in Zambia Copper

Vedanta Resources Seeks Partners to Boost Zambian Copper Output

July 25, 2024July 25, 2024 Constance

Vedanta Resources Ltd., founded by billionaire Anil Agarwal, is seeking business partners to enhance production at its Zambian copper assets. This move follows the company’s regaining control of these assets after years of legal disputes. As part of a $1 billion investment plan for the Konkola Copper Mines (KCM) assets, Vedanta is looking for partners to engage in exploration, development, and production. The call for expressions of interest was announced in the state-owned Times of Zambia newspaper, with a deadline of July 31. Vedanta lost control of KCM in 2019… Read More Here

Mining in Zambia Battery Metals Nickel Press Release

First Quantum Declares Commercial Production at Enterprise Nickel Project

July 24, 2024July 24, 2024 Constance

First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) declared commercial production as of June 1, 2024 at the Enterprise nickel mine, located 12km away from the company’s Sentinel copper mine in the North Western Province of Zambia. First Quantum built, commissioned and delivered commercial operation in just over two years – another successfully executed project that demonstrates the company’s approach to delivering sustainable growth. Two years ago, First Quantum approved the Enterprise project – alongside the S3 Expansion project at Kansanshi – following a commitment made by… Read More Here

Mining in Zambia

FQM Partners with Zambian Police to Enhance Security and Uphold Human Rights

July 21, 2024July 21, 2024 Constance

First Quantum Minerals Limited (FQM), through its Trident Foundation, and the Zambia Police School of Public Order Maintenance, celebrated the graduation of 40 security personnel and community members who completed a human rights and law enforcement training programme last week. The guest of honour, North Western Province Deputy Permanent Secretary Tikki Mulofwa, commended FQM for its commitment to upholding human rights and partnering with the government to develop communities. “This initiative is a model for other companies to follow. Security services play a vital role in maintaining order, but it’s… Read More Here

Mining in Zambia Uranium

GoviEx Uranium Shifts Focus to Zambia Amid Niger Setback

July 21, 2024July 21, 2024 Constance

TSX-V-listed GoviEx Uranium has announced its intention to fight for its rights at the Madaouela project in Niger while redirecting efforts towards its Muntanga project in Zambia. Nearly two weeks ago, the Nigerien government informed GoviEx that it no longer holds rights over the mining permit perimeter for its Madaouela project, which has reverted to the public domain. “This decision came despite our very best efforts spanning almost two decades, transforming Madaouela from an exploratory venture into one of the world’s largest-known uranium deposits. Since acquiring our license, we have… Read More Here

Mining in Zambia Green Energy

Zambia Signs Agreement for 50MW Solar Plant in Kafue

July 21, 2024July 21, 2024 Constance

On July 17, 2024, Zambia took a significant step toward a greener future with the signing of an Implementation Agreement for a 50MW solar plant in Kafue Town. The agreement was signed by Dr. Francesca Chisangano Zyambo, Permanent Secretary of Administration at the Ministry of Energy, and Mr. Erich Horlacher, CEO of Wendit Group. Dr. Zyambo expressed the government’s commitment to advancing renewable energy initiatives, emphasizing the importance of sustainable energy development for Zambia’s future. Mr. Horlacher thanked the Zambian government for its unwavering support and vision. He highlighted that… Read More Here

Mining in Zambia Energy Oil & Gas

Zambia Approves K2.46 Billion Investment in Energy Sector

July 21, 2024July 21, 2024 Constance

The Energy Regulation Board (ERB) in Zambia has approved thirty-four license applications and five construction permits within the renewable energy and petroleum sub-sectors. These approvals, totaling an investment of K2.46 billion (US$98.4 million), were granted during the July licensing committee meeting. ERB Public Relations Manager Namukolo Kasumpa announced that thirty-five applications were reviewed, with one license application being rejected due to non-compliance with safety standards and regulations. “The stringent licensing process demonstrates the Board’s commitment to promoting investment and growth in the energy sector while maintaining strict adherence to safe… Read More Here

Mining in DRC Electricity Mining in Zambia

DRC Faces Energy Deficit, Relies on Imports from Neighbors

July 20, 2024July 20, 2024 Constance

The Democratic Republic of Congo (DRC) relies heavily on electricity imports to support its mining sector and overall economy. During a press briefing organized by the Ministry of Communication and Media on Thursday, Minister of Water Resources and Electricity, Teddy Lwamba Muba, discussed the challenges and potential solutions to address this growing dependency. Dr. Teddy Lwamba Muba, an electromechanical engineer and former Deputy Director General of the National Electricity Company (SNEL), highlighted the stagnation in the country’s electricity production since 1982. “The history of electricity production in the DRC effectively… Read More Here

Mining in Zambia Infrastructural Development

Zambia’s National Pension Scheme Authority Announces $200 Million Investment for Maamba Collieries Expansion

July 20, 2024July 21, 2024 Constance

The National Pension Scheme Authority (NAPSA) has announced a significant investment of up to $200 million in debt to support the phase two expansion project of Maamba Collieries Ltd. This investment was revealed during a press briefing on July 16 by NAPSA Chairperson Shipango Muteto. Muteto emphasized that the expansion project represents a promising diversification within the authority’s energy sector investment portfolio. The Maamba Collieries expansion is expected to generate 1,200 jobs during the construction phase and 400 additional jobs once operational. This initiative marks NAPSA’s second major investment of… Read More Here