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Category: Mining in Zambia

Zambia and TradeMark Africa Enhance Nakonde Border Post 1 Mining in Zambia Transport and Logistics 

Zambia and TradeMark Africa Enhance Nakonde Border Post

Constance
In a significant effort to bolster cross-border trade between Zambia and Tanzania, the Government of Zambia and TradeMark Africa (TMA) have officially handed over the site for upgrading the Nakonde border into a One-Stop Border Post (OSBP) to the contractor. This marks the commencement of extensive improvement works aimed at alleviating congestion and facilitating smoother trade flows along the crucial Dar es Salaam Corridor. The ceremony, attended by representatives from the Zambian and UK governments, TradeMark Africa, and the contracted construction firm, underscores the collaborative nature of this pivotal project,… Read More Here
Senior Chief Shakumbila Urges Govt Action on Illegal Gold Mining in Mumbwa 2 Mining in Zambia Artisanal mining Gold 

Senior Chief Shakumbila Urges Govt Action on Illegal Gold Mining in Mumbwa

Constance
Senior Chief Shakumbila of the Sala-ila people in Shibuyunji and Mumbwa districts has revealed that approximately 22 kilograms of illegally mined gold are flown out of the district each month. Speaking during a courtesy call from Minister of Mines and Minerals Development Paul Kabuswe at his palace, the traditional leader lamented the widespread illegal mining activities in the district. “Every month, around 22 kilograms of gold are taken out of our district and sold to private buyers at exorbitant prices, with minimal benefits for our communities,” he stated. The government… Read More Here
ZAMZINC Achieves $10 Million Investment Milestone in Lusaka Manganese Plant 3 Mining in Zambia Battery Metals Economy 

ZAMZINC Achieves $10 Million Investment Milestone in Lusaka Manganese Plant

Constance
ZAMZINC Industry Company Limited, registered with the Zambia Development Agency (ZDA) in 2021, has already realized over $10 million of its committed $50 million investment in a manganese processing plant in Lusaka. The plant, located in the Lusaka Multi-Facility Economic Zone (LS-MFEZ), currently produces 200 tonnes of manganese daily, with plans to increase production to 300 tonnes per day. During a visit by a ZDA team, ZAMZINC General Manager Mavis Chintu reported that production is progressing smoothly. The plant operates 24 hours a day in three shifts and employs 250… Read More Here
JCHX Mining Nears Acquisition of Zambia’s Lubambe Copper Mine 4 Mining in Zambia Copper Mergers & Acquisitions 

JCHX Mining Nears Acquisition of Zambia’s Lubambe Copper Mine

Constance
JCHX Mining is in the final stages of acquiring an 80% stake in Zambia’s Lubambe copper mine from EMR Capital, sources informed Reuters. This move marks another significant acquisition by Chinese firms expanding their footprint in Africa’s copper mining sector. The Shanghai-listed mining services and contracting firm’s deal, nearing completion, had faced potential competition from Abu Dhabi’s International Resources Holding (IRH), which later withdrew its interest. This development has cleared the path for JCHX Mining to proceed with the transaction. Under the agreement, Zambia’s state firm ZCCM-IH will retain a… Read More Here
Zambian Govt Aims for 23,000MW Power Generation by 2050 5 Mining in Zambia Electricity News in Brief 

Zambian Govt Aims for 23,000MW Power Generation by 2050

Constance
The government, through the Integrated Resource Plan (IRP), aims to ramp up power generation to 23,000 megawatts (MW) by 2050, requiring an estimated US$31 billion in financing. Minister of Energy, Peter Kapala, announced at the recent Energy Indaba that the IRP, launched last year, is a strategic long-term initiative designed to meet Zambia’s future energy needs. Mr. Kapala highlighted that the plan includes a target to increase power generation to 6,500MW by 2026, with an initial capital requirement of US$5 billion. SOURCE:Zambia Daily Mail Read More Here
IRH in Talks to Acquire Stake in Vedanta's Zambian Copper Assets 6 Mining in Zambia Copper Mergers & Acquisitions 

IRH in Talks to Acquire Stake in Vedanta’s Zambian Copper Assets

Constance
International Resources Holding (IRH), the mining investment arm of Abu Dhabi’s International Holding Company, is engaged in discussions to purchase a stake in Vedanta Resources’ Zambian copper assets, according to Chris Griffith, Vedanta’s chief executive for base metals. IRH, part of a conglomerate with assets totaling approximately $244 billion, is conducting due diligence on acquiring a stake in Konkola Copper Mines (KCM). This interest underscores IRH’s commitment to expanding its presence in copper mining, as indicated in previous statements to Reuters. Griffith confirmed that besides IRH, other investors have shown… Read More Here
Konkola Copper Mines Announces Salary Delays Due to Cash Flow Issues 7 Mining in Zambia Copper 

Konkola Copper Mines Announces Salary Delays Due to Cash Flow Issues

Constance
Konkola Copper Mines (KCM) has informed its employees that their June salaries will be delayed due to unforeseen circumstances that have negatively impacted the company’s cash flow. This mirrors the situation from last month when the company notified workers that their May salaries would be delayed due to circumstances beyond their control. KCM’s Human Capital Management Acting Vice-president, Prudence Chisakuta, had previously released a statement assuring employees that the challenges faced in May had been resolved and that future payments would be made on time. However, in a notice dated… Read More Here
Zambia Plans to Create Billionaires from Mining While Enforcing Investor Accountability 8 Mining in Zambia Artisanal mining Economy 

Zambia Plans to Create Billionaires from Mining While Enforcing Investor Accountability

Constance
Mines and Development Minister Paul Kabuswe has announced the Zambian government’s ambitious plan to transform the mining industry by creating billionaires and empowering local miners. Speaking at the launch of the 2024 Zambia Mining and Investment Insaka, Kabuswe highlighted the administration’s commitment to supporting Zambian miners and enforcing strict regulations to ensure investor accountability. Kabuswe asserted that under President Hakainde Hichilema’s administration, the government would not tolerate any investor misconduct. “We want to support all Zambians. We want many small-scale Zambians to engage in mining. Our message to artisanal and… Read More Here
Unlock Industrial Excellence: Join the DGC AFRICA Asset Management Solutions Seminar 2024 9 Events & Expos Mining in Zambia 

Unlock Industrial Excellence: Join the DGC AFRICA Asset Management Solutions Seminar 2024

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Kitwe, Zambia — Join industry leaders at the DGC AFRICA Asset Management Solutions Seminar, a premier event dedicated to advancing knowledge and practices in asset management across various industrial sectors. Scheduled for 30-31 July 2024 at the Garden Court Hotel, Kitwe, Zambia, this seminar will offer an exclusive opportunity to learn from top experts and improve operational efficiencies. About the Seminar:This two-day event will feature a series of presentations by esteemed experts who will share the latest advancements and practical strategies in asset management:• Koos Truter will discuss how to… Read More Here
Galileo Resources to Launch Phase 3 Drilling at Zambia’s Shinganda Copper/Gold Project 10 Mining in Zambia Copper Drilling Gold 

Galileo Resources to Launch Phase 3 Drilling at Zambia’s Shinganda Copper/Gold Project

Constance
Aim-listed Galileo Resources has announced the commencement of a Phase 3 drilling program at its Shinganda copper/gold project in Zambia. This phase aims to validate the company’s belief that near-surface copper and gold mineralization occurs along the Shinganda fault splay over a strike length of more than 4 km, potentially leading to the development of a preliminary mineral resource. Phases 1 and 2 of the drilling program confirmed the presence of copper and gold mineralization associated with major regional and localized structures. Mineralization has been identified in vein and alteration… Read More Here

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