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Category: Mining in Zambia

Zambia Partners with Power China to Address Energy Crisis 1 Mining in Zambia Energy Partnership 

Zambia Partners with Power China to Address Energy Crisis

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
India to Launch Geological Mapping and Mineral Exploration in Zambia 2 Mining in Zambia Exploration New Mining Projects 

India to Launch Geological Mapping and Mineral Exploration in Zambia

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
A.I. Technology Uncovers Vast Copper Deposit in Zambia 3 Mining in Zambia Copper Economy 

A.I. Technology Uncovers Vast Copper Deposit in Zambia

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
JCHX Acquires 80% Stake in Lubambe Copper Mines from EMR Capital 4 Mining in Zambia Copper Mergers & Acquisitions 

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

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
Maamba Collieries Limited Announces New 300 MW Power Plant Project 5 Mining in Zambia Electricity Hydro power plant 

Maamba Collieries Limited Announces New 300 MW Power Plant Project

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
Zambia Approves Construction of Second Coal-Fired Power Plant Amid Energy Crisis 6 Mining in Zambia Coal Infrastructural Development 

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

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
Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia 7 Mining in Zambia Battery Metals Exploration Lithium New Mining Projects 

Maamba Collieries Granted Lithium & Tantalum Exploration Licenses in Southern Zambia

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
ZUPED Welcomes Vedanta's $250 Million Commitment to Revive Konkola Copper Mines 29 Mining in Zambia Copper 

ZUPED Welcomes Vedanta’s $250 Million Commitment to Revive Konkola Copper Mines

Constance
The Zambians for Unity, Peace, and Development (ZUPED) have expressed optimism regarding the future of Konkola Copper Mines Plc (KCM) following Vedanta Resources’ assurance of securing US$250 million to settle KCM’s creditors. This positive development follows a High Court decision on June 28, 2024, mandating the payment. Vedanta Resources, in collaboration with the Zambian government and ZCCM-IH, is diligently progressing to fulfill all requirements outlined in the transaction agreements. Ronnie Jere, President of ZUPED, voiced confidence that this financial injection would significantly bolster the country’s economy. “We believe the investor… Read More Here
Zambia Promotes Solar Energy Adoption to Mitigate Electricity Challenges for SMEs 30 Mining in Zambia Electricity Energy Green Energy 

Zambia Promotes Solar Energy Adoption to Mitigate Electricity Challenges for SMEs

Constance
To address the disruptions caused by electricity load shedding, the Zambian government is actively promoting the adoption of solar energy among small and medium-sized enterprises (SMEs). The initiative aims to enable businesses to maintain operations smoothly even during power cuts. Hon. Elias Mubanga, MP, Minister of Small and Medium Enterprise Development, is leading this effort. He emphasized the importance of supporting small businesses through reliable and sustainable energy solutions like solar power. “We want to ensure small businesses can thrive, even in the face of power outages,” Mubanga stated. “Solar… Read More Here

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