Mining in Zambia - Copperbelt Katanga Mining

Zambia Proposes K41.9 Billion Supplementary Budget to Combat Severe Drought and Manage Debt 1

Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, presented the Supplementary Estimates of Expenditure No. 1 of 2024 to Parliament, proposing a K41.9 billion budget to address the severe impacts of the ongoing drought and manage the country’s debt obligations. Dr. Musokotwane detailed the grave situation necessitating this supplementary budget. The drought, described as the worst in nearly sixty years, has affected over 9.8 million people—nearly 48 percent of the population—causing significant crop loss, water scarcity, and power generation issues. The agricultural sector is expected to decline by… Read More Here

Mining in Zambia Transport and Logistics

TAZARA Suspends Cross-Border Passenger Train Services Amid Operational Challenges

June 22, 2024June 22, 2024 Constance

The Tanzania-Zambia Railways Authority (TAZARA) has announced a significant suspension of its cross-border passenger train operations, effective June 18, 2024, due to a series of operational challenges. This abrupt halt affects the passenger train services running between Kapiri Mposhi in Zambia and Dar es Salaam in Tanzania, a crucial transportation link for many commuters and travelers in the region. In a statement, TAZARA expressed regret over the suspension, underscoring the severity of the challenges faced by the authority. While the specific nature of these operational difficulties was not detailed, it… Read More Here

Mining in Zambia Events & Expos

Zambia to Host Mining and Investment Insaka 2024

June 22, 2024June 22, 2024 Constance

From October 7 to 11, the Zambian government will host the Mining and Investment Insaka 2024, a conference poised to attract local and international stakeholders from the mining industry. The Minister of Mining and Mineral Development emphasized the government’s commitment to supporting Zambian artisanal and small-scale miners, helping them progress to junior miners and eventually to large mining conglomerates. Artisanal and small-scale mining encompasses a wide range of activities that add value to raw materials, producing goods such as bricks and paving stones for construction, granite and gemstones for retail,… Read More Here

Mining in Zambia Electricity

Ndola Launches 105MW Electricity Production to Address Zambia’s Power Deficit

June 21, 2024June 21, 2024 Constance

Ndola, an energy company, has commenced production of 105MW of electricity to help alleviate Zambia’s power deficit. This initiative is part of a series of short- and long-term strategies announced by the government to tackle the challenges of the electricity shortage. During the official launch of the plant’s production, Energy Minister Peter Kapala encouraged private sector investment in the energy sector. He stated, “Independent power producers, also known as IPPs, are welcome to invest in the energy sector. The government has created a conducive environment for private sector participation. The… Read More Here

Mining in Zambia Copper Economy

Pressure Intensifies on Zambia’s Mines Minister to Complete Konkola Copper Mines Transfer to Vedanta Resources

June 20, 2024June 20, 2024 Constance

The Minister of Mines and Minerals Development, Honorable Paul Kabuswe, is under increasing pressure to fulfill the government’s promise of transferring control of Konkola Copper Mines (KCM) to Vedanta Resources by June 30, 2024. Advocates for National Development and Democracy (ANDD) have welcomed Minister Kabuswe’s assurance that the legal framework for the KCM-Vedanta transition will be finalized by the end of this month. Executive Director Samuel Banda emphasized the urgent need for KCM to resume operations swiftly to stimulate job creation and business opportunities. “We urge the minister to honor… Read More Here

Mining in Zambia Economy

AI-Driven Transformation Boosts Zambia Revenue Authority’s Collection by 60%

June 20, 2024June 20, 2024 Constance

The Minister of Technology and Science, Hon. Felix Mutati, has announced that the application of Artificial Intelligence (AI) has significantly enhanced the Zambia Revenue Authority’s (ZRA) revenue collection capabilities, increasing them by 60 percent over the past two years. During a lecture on AI at the University of Lusaka Silverest Campus in Chongwe District, Mr. Mutati highlighted the transformative impact of AI on revenue collection and tax compliance. He emphasized that AI has equipped ZRA with advanced tools that streamline and optimize these processes. “AI is here to stay, and… Read More Here

Mining in Zambia Copper Economy

ZUPED Urges Swift Action on Konkola Copper Mines to Revitalize Economy

June 19, 2024June 19, 2024 Constance

The Zambians for Unity, Peace, and Development (ZUPED) has voiced serious concerns about the ongoing inactivity of Konkola Copper Mines Plc (KCM), stressing its detrimental impact on Zambia’s national economy. ZUPED President Ronnie Jere highlighted that the weakening of the kwacha is partly due to decreased revenue from copper exports, directly linked to KCM’s halt in operations. Mr. Jere emphasized that current favorable copper prices on the international market represent a missed opportunity for Zambia to boost production and secure essential foreign exchange. He urged the government to expedite the… Read More Here

Mining in Zambia Copper Economy

Zambia Aims to Reclaim Title as Africa’s Leading Copper Producer

June 19, 2024June 23, 2024 Constance

Finance and National Planning Minister Dr. Situmbeko Musokotwane has expressed confidence that Zambia’s current policies and strategies will enable the country to reclaim its position as Africa’s leading copper producer. Dr. Musokotwane made these remarks during a courtesy call by Barrick Lumwana Country Manager Anthony Malenga in Lusaka. Mr. Malenga announced that the Lumwana super-pit expansion project, valued at $2 billion, will commence in 2025, following the completion of feasibility studies. The expansion is expected to create approximately 2,500 jobs. “In the interim, we will continue to ramp up production… Read More Here

Mining in Zambia Battery Metals Economy Mining in DRC

Zambia to Leverage Economic Diplomacy for BEV Initiative Success

June 19, 2024June 19, 2024 Constance

Zambia will utilize its strengthened economic diplomatic capabilities to ensure the effective implementation of the joint Battery and Electric Vehicle (BEV) value chain initiative, according to Minister of Foreign Affairs and International Cooperation Mulambo Haimbe. Speaking on Voice of America’s Nightline Africa, Mr. Haimbe highlighted the impact of Zambia’s economic diplomacy under the New Dawn government on regional stability, peace, and security in the Southern African Development Community (SADC) region. Zambia has partnered with the Democratic Republic of Congo (DRC) to establish a value chain in the electric battery and… Read More Here

Electricity Mining in Zambia

Zambia’s Govt Addresses Load Shedding with New Measures

June 19, 2024June 19, 2024 Constance

On June 17, Cornelius Mweetwa, Minister for Information and Media, held a press briefing to update the nation on the ongoing load shedding issues and the government’s response. Mr. Mweetwa began by stating, “The government has been working around the clock to implement measures to mitigate the effects of the drought on power generation, as well as on food and water supplies, which have been severely impacted.” He announced that Zesco will recall at least 100MW of power from the export market for local use within Zambia. Currently, Zesco is… Read More Here