Mining in Zambia - Copperbelt Katanga Mining

Mining in Zambia Transport and Logistics

Tanzania and Zambia Strengthen Railway Collaboration

July 14, 2024July 14, 2024 Constance

The recent Tanzania-Zambia Inter-Ministerial Meeting marked a significant step towards revitalizing the Tanzania-Zambia Railway Authority (TAZARA). Held at the Mulungushi International Conference Centre in Lusaka, the meeting brought together key stakeholders, including Zambia’s Minister of Transport and Logistics, Hon. Museba Frank Tayali, and Tanzania’s Minister of Transport, Hon. Prof. Makame Mbarawa. This high-level dialogue focused on the involvement of the China Civil Engineering Construction Corporation (CCECC) in TAZARA’s revitalization efforts, aiming to secure a beneficial concession for all parties involved. Hon. Tayali emphasized the collective goal of the meeting: to… Read More Here

Italy Commits €320 Million to Enhance Zambia’s Lobito Corridor Project

July 14, 2024July 14, 2024 Constance

A major development has emerged for Zambia’s infrastructure plans, as Italy has pledged support for the Lobito Corridor project. During a meeting with Zambian President Hakainde Hichilema, Stefano Gatti, Director General for Development at the Italian Ministry of Foreign Affairs Cooperation, announced a commitment of €320 million for the initiative. The Lobito Corridor is a crucial infrastructure project aimed at improving trade connectivity between Zambia, Angola, and the Democratic Republic of Congo (DRC). This initiative involves upgrading and expanding the existing rail corridor, linking Zambia’s copper and cobalt-rich regions to… Read More Here

Mining in Zambia Economy

Zambia’s Finance Minister Proposes Key Reforms to Strengthen Financial Stability

July 14, 2024July 14, 2024 Constance

In a recent address to the National Assembly, Dr. Situmbeko Musokotwane, Minister of Finance and National Planning, outlined proposed measures by the Bank of Zambia aimed at reforming the financial landscape. These proposals include potentially prohibiting foreign currencies in local transactions and gradually phasing out cheques. Dr. Musokotwane emphasized that these initiatives are currently in the consultation phase, inviting stakeholder feedback through the Public Private Dialogue Forum. The Minister highlighted several key objectives of the draft regulations, including strengthening monetary policy effectiveness and enhancing financial sector stability. “The use of… Read More Here

Mining in Zambia Energy Partnership

Zambia Partners with Power China to Address Energy Crisis

July 14, 2024July 14, 2024 Constance

President Hakainde Hichilema has announced a partnership with Power China to tackle Zambia’s pressing energy crisis. A delegation led by Group Executive Vice President Jason K. Liu recently met at State House to solidify plans for collaborative efforts in energy, mining, agriculture, and infrastructure development. The partnership focuses on constructing small to medium-sized power plants to swiftly address the country’s energy shortages, exacerbated by El Niño-induced drought. Three implementing teams from Power China are set to arrive in Zambia shortly, emphasizing a proactive approach to enhancing the energy, water, and… Read More Here

Mining in Zambia Exploration New Mining Projects

India to Launch Geological Mapping and Mineral Exploration in Zambia

July 11, 2024July 11, 2024 Constance

India is planning to initiate geological mapping and mineral exploration in Zambia to secure critical resources and strengthen bilateral relations. Last month, a delegation from India’s Ministry of Mines met with Zambian officials to begin negotiations. “We have discussed cooperation in geological mapping and mineral exploration with the Zambian government and are confident of signing a pact soon,” a government official stated. India’s goal is to better understand Zambia’s resources, secure access to critical minerals, diversify its supply chain, boost domestic industries, and enhance bilateral ties, the official explained. In… Read More Here

Mining in Zambia Copper Economy

A.I. Technology Uncovers Vast Copper Deposit in Zambia

July 11, 2024July 11, 2024 Constance

Last year in California, data scientists peered into their screens and witnessed a remarkable revelation: a massive copper deposit deep in Zambia’s bedrock. This discovery, driven by years of A.I.-based research, marks a significant milestone for KoBold Metals. On Thursday, KoBold announced this potentially largest copper discovery in over a decade. Estimates reviewed by The New York Times suggest the mine could produce at least 300,000 tons of copper annually, translating to billions of dollars over decades. An independent third-party assessment largely confirmed the size of the deposit. KoBold anticipates… Read More Here

Mining in Zambia Copper Mergers & Acquisitions

JCHX Acquires 80% Stake in Lubambe Copper Mines from EMR Capital

July 11, 2024July 11, 2024 Constance

The Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) announced yesterday July 10th 2024, that EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited (“Lubambe”) to JCHX Mining Management Company Limited (“JCHX”). This acquisition was executed through JCHX’s wholly owned overseas subsidiary, Sundimo Mining Investments Limited (“Sundimo”), which will now hold 80% of the issued share capital of Lubambe, including claims on shareholder loans, via a Share Sale and Purchase Agreement. As the principal funder, JCHX, through Sundimo, plans to invest approximately USD 300 million… Read More Here

Mining in Zambia Electricity Hydro power plant

Maamba Collieries Limited Announces New 300 MW Power Plant Project

July 10, 2024July 10, 2024 Constance

The Board of ZCCM Investments Holding Plc (ZCCM-IH) has announced that Maamba Collieries Limited (MCL) has successfully reached an agreement with its anchor lenders to secure financing for the construction and installation of an additional 300 MW power plant, known as the Phase II Project. MCL has solidified its commitment to this project by signing a 20-year Power Purchase Agreement (PPA) with ZESCO Limited, Zambia’s national electricity utility company. This agreement will ensure the long-term viability and sustainability of the Phase II Project. Maamba Collieries Limited has a rich history,… Read More Here

Mining in Zambia Coal Infrastructural Development

Zambia Approves Construction of Second Coal-Fired Power Plant Amid Energy Crisis

July 9, 2024July 9, 2024 Constance

Zambia’s Energy Regulation Board has approved the construction of a second coal-fired power plant as the country faces its worst drought in decades, which has significantly reduced output from its hydroelectric dams that supply the majority of its energy. The new 300 MW facility will be built in the southern region of Zambia, doubling the capacity of an existing plant at the site, according to a statement released on Monday. Maamba Collieries, primarily owned by Hyderabad, India-based Nava, will lead the project. Zambia generates about 85% of its power from… Read More Here

Mining in Zambia Battery Metals Exploration Lithium New Mining Projects

Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia

July 8, 2024July 8, 2024 Constance

08th July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) has announced that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia. MCL intends to commence exploration as soon as possible to ascertain the presence of these minerals in these licence areas. The licenses are valid for a period of four years during which period MCL plans to carry out… Read More Here