Mining in Zambia - Copperbelt Katanga Mining

Sinomine Resources Expands Global Reach with Strategic Acquisitions in Namibia and Zambia 1

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

Mining in Zambia Gemstones

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

July 18, 2024July 18, 2024 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

Mining in Zambia Battery Metals

PMRC Urges Chinese Investment in Zambia’s Electric Vehicle Manufacturing

July 16, 2024July 16, 2024 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

Mining in Zambia Artisanal mining Gold Mine Safety News in Brief

Tragedy Strikes Illegal Gold Mining Operation in Shiwang’andu

July 16, 2024July 16, 2024 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

Mining in Zambia Angola Transport and Logistics

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

July 16, 2024July 16, 2024 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

Mining in Zambia Mining in DRC Transport and Logistics

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

July 14, 2024July 14, 2024 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

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

Mining in Zambia Infrastructural Development Transport and Logistics

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