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Category: Mining in Zambia

Zambia Urges Mining Companies to Double Power-Saving Efforts Amid Severe Drought 1 Mining in Zambia Copper Economy Electricity 

Zambia Urges Mining Companies to Double Power-Saving Efforts Amid Severe Drought

Constance
Zambia has requested mining companies, operating in Africa’s second-largest copper producer, to double their power-saving measures to 40% of their normal demand due to the worst drought in decades impacting hydroelectric power generation. Zesco Ltd., the state-owned power utility, has asked operators to either increase their power curtailments or source emergency power independently starting this month. First Quantum Minerals Ltd., which is responsible for over half of Zambia’s copper output, confirmed this request. Zesco did not respond to a request for comment. First Quantum has managed to cover more than… Read More Here
Vedanta Holdings Deposits $245.75 Million for Full Control of Konkola Copper Mines 2 Mining in Zambia Cobalt Copper Economy 

Vedanta Holdings Deposits $245.75 Million for Full Control of Konkola Copper Mines

Constance
Friday, 19th July 2024, Lusaka, Zambia – Vedanta Resources Holdings Limited (“VRHL” or “Vedanta Holdings” or “Vedanta”) yesterday confirmed the deposit of USD 245.75 million into an escrow account designated by the Hon. High Court of Zambia. This critical financial move paves the way for the imminent reinstatement of the Board of the Konkola Copper Mines (KCM) and the return of full management control to Vedanta. This transition will enable Vedanta to take the necessary steps to allow KCM to operate at its full potential, thereby contributing significantly to Zambia’s… Read More Here
CKM EMAGAZINE JULY – AUGUST 2024 EDITION (PDF FORMAT) 3 CKM eMagazine Mining in DRC Mining in Zambia 

CKM EMAGAZINE JULY – AUGUST 2024 EDITION (PDF FORMAT)

Copperbelt Katanga News
Just in case you have not yet receive the July – August 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 110,000 followers on LinkedIn with over 62,000 CKM Newsletter subscribers with over 1,000,000 organic impressions . Our upcoming Sept-October 2024 edition will be distributed massively at Electra Mining Africa… Read More Here
Sinomine Resources Expands Global Reach with Strategic Acquisitions in Namibia and Zambia 4 Mining in Zambia Mergers & Acquisitions Mining in DRC 

Sinomine Resources Expands Global Reach with Strategic Acquisitions in Namibia and Zambia

Constance
Founded in 1999, Sinomine Resources Group Co., Ltd. has rapidly expanded its operations across more than 40 countries and regions spanning Asia, Africa, Europe, America, and Oceania. With branches in key locations such as China, Canada, the United States, the United Kingdom, Norway, Zimbabwe, the Democratic Republic of the Congo (DRC), and Zambia, the company has established a robust international presence. In March 2024, Sinomine (Hong Kong) Rare Metals Resources Co., Ltd., a wholly-owned subsidiary, completed the acquisition of the Tsumeb smelter from Dundee Precious Metals Inc. This acquisition, valued… Read More Here
Kagem delivers ZMW 38 million (USD 1.5 million) dividend to the IDC 5 Mining in Zambia Gemstones 

Kagem delivers ZMW 38 million (USD 1.5 million) dividend to the IDC

Constance
Kagem Mining Limited (Kagem) has handed over ZMW 38 million (USD 1.5 million) to the Industrial Development Corporation (IDC).The funds represent dividends from 2023 to the government’s investment arm, which owns 25% of the shares in what is believed to be the world’s largest producing emerald mine, and underscore Kagem’s ongoing commitment to contribute to Zambia’s economic development. The handover highlights Kagem’s continued dedication to striving towards responsible mining practices and transparent financial management and reinforces the company’s commitment to adhering to the ‘G-Factor for Natural Resources’ model championed by… Read More Here
PMRC Urges Chinese Investment in Zambia's Electric Vehicle Manufacturing 6 Mining in Zambia Battery Metals 

PMRC Urges Chinese Investment in Zambia’s Electric Vehicle Manufacturing

Constance
The Policy Monitoring and Research Centre (PMRC) has urged Chinese investors to establish electric vehicle (EV) manufacturing plants in Zambia, highlighting the country’s abundant critical minerals essential for the industry. Speaking at the Association of Chinese Corporations in Zambia (ACCZ) Economic and Trade Symposium held last week, PMRC’s acting head of monitoring and evaluation, Esther Nyemba, noted that China accounts for 58 percent of global EV production, making Zambia an attractive location for investment. “Cabinet approval of open access and net metering regulations enables industries and households to supply electricity… Read More Here
Tragedy Strikes Illegal Gold Mining Operation in Shiwang'andu 7 Mining in Zambia Artisanal mining Gold Mine Safety News in Brief 

Tragedy Strikes Illegal Gold Mining Operation in Shiwang’andu

Constance
A tragic incident occurred in Shiwang’andu, Muchinga Province, where an unidentified man lost his life and another was injured during illegal gold mining activities. The accident took place on Friday around 16:00 at the Chipindo gold mine in Chief Mukwikile’s chiefdom. The survivor, 23-year-old Felix Mulenga from Mpika district, was rescued by fellow miners and rushed to Mpika Urban Clinic. Unfortunately, the deceased was pronounced dead upon arrival, while Mulenga suffered bruises to his neck, lips, and eyelids and is currently receiving treatment. Police commanding officer Paul Achinme confirmed that… Read More Here
Angola-Zambia Road Project to Boost Trade and Economy in Eastern Angola 8 Mining in Zambia Angola Transport and Logistics 

Angola-Zambia Road Project to Boost Trade and Economy in Eastern Angola

Constance
Economists and business leaders in Lunda-Norte believe that the construction of a road connecting Angola and Zambia, part of the Lobito Corridor initiative, will significantly enhance the flow of goods and services between Angola’s eastern provinces and the country’s coast. The project involves constructing an approximately 800-kilometer road from Lobito (Benguela) to Luau (Moxico) on the Angolan side. companies, including a consortium like SIbitech and Queiroz Galvão, as well as AFAVIAS, are involved in the construction. José Cangolo, an economist and professor at the Faculty of Economics of Dundo (Lueji… Read More Here
Beira Corridor Drives Expansion in Southern Africa's Cold Chain Logistics 28 Mining in Zambia Mining in DRC Transport and Logistics 

Beira Corridor Drives Expansion in Southern Africa’s Cold Chain Logistics

Constance
The cold chain logistics industry in Southern Africa has seen significant growth in recent years, driven by increased capacity and investment. Marco Grobbelaar, General Manager of Independent Beira Logistics Terminals and Services (IBLT&S), highlights that the Beira corridor has particularly experienced a notable rise in traffic. This expansion is attributed to several key factors, including competitive landside operations and lower ocean freight rates compared to surrounding ports. A major contributor to this surge is the rising import volumes of fertilizers, which are essential for boosting logistical activities in the region.… Read More Here

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