Mining in Zambia - Copperbelt Katanga Mining

FQM Partners with Zambian Police to Enhance Security and Uphold Human Rights 20

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

Mining in Zambia Copper Economy Electricity

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

July 20, 2024July 20, 2024 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

Mining in Zambia Cobalt Copper Economy

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

July 20, 2024July 20, 2024 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 Mining in DRC Mining in Zambia

CKM EMAGAZINE JULY – AUGUST 2024 EDITION (PDF FORMAT)

July 20, 2024July 20, 2024 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