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Category: Mining in Zambia

Zambia to Kickstart Car Battery Manufacturing, Boosting Economic Growth 1 Mining in Zambia Battery Metals 

Zambia to Kickstart Car Battery Manufacturing, Boosting Economic Growth

Constance
Zambia is gearing up to launch car battery production by the end of July this year, with the arrival of essential manufacturing equipment. During a recent visit to the Jiangxi Multi Facility Economic Zone in Chibombo district, General Manager Xu Jianfeng outlined the upcoming two-month period dedicated to equipment testing and plant finalization before full-scale production commences. In the initial phase, the facility plans to produce 400,000 batteries, with production capacity set to double upon reaching full operational status. With nine investment agreements already secured, totaling over $100 million, the… Read More Here
Prospect Resources Completes Deal with Orpheus Uranium 2 Mining in Zambia Copper New Mining Projects Uranium 

Prospect Resources Completes Deal with Orpheus Uranium

Constance
Prospect Resources Limited (PSC: ASX, 5E8:FRA) has finalized a significant deal with Orpheus Uranium Limited (ASX: ORP), marking a milestone in the advancement of their Mumbezhi Copper Project in Zambia. The agreement, announced publicly on April 9, 2024, provides Prospect with access to crucial data to propel their project forward. As part of the agreement, Prospect paid Orpheus A$1.0 million in fully paid PSC shares, serving as partial reimbursement for prior exploration expenses. Additionally, three options to acquire ordinary PSC shares were granted for every four shares issued, priced at… Read More Here
ZESCO Imports Electricity Amid Drought-Induced Power Shortages 3 Mining in Zambia Electricity 

ZESCO Imports Electricity Amid Drought-Induced Power Shortages

Constance
ZESCO has announced the commencement of electricity imports to mitigate the impact of reduced capacity caused by an ongoing drought. The imported electricity will contribute 20% of the total power supply for a minimum of 12 months, according to a statement released by the power utility. Matongo Maumbi, ZESCO’s spokesperson, acknowledged potential challenges associated with the imported power. He stated that while efforts will be made to maintain existing load-shedding schedules, unforeseen disruptions may occur. However, ZESCO is committed to addressing any disruptions promptly to minimize inconvenience to customers. Maumbi… Read More Here
Kagem Mining welcomes national drive to upskill workforce 4 Mining in Zambia Emeralds Press Release 

Kagem Mining welcomes national drive to upskill workforce

Constance
LUFWANYAMA, ZAMBIA – On May 1, Kagem Mining Limited (Kagem) took part in the joint Labour Day celebrations, held at the Lufwanyama Boarding School Hall, which brought together representatives from government, mining companies, trade unions, as well as others operating in Lufwanyama, demonstrating its solidarity with the broader labour community across the district. At the occasion, Kagem welcomed the government’s call to bolster productivity in the workplace through continuous improvement and upskilling of staff to create an increasingly capable workforce. The Lufwanyama’s District Commissioner, Mr. Justin Mwalikwa, said, “In an… Read More Here
FQM SUPPORTS PRESIDENT’S CALL FOR SKILLS DEVELOPMENT TO COMBAT UNEMPLOYMENT 5 Mining in Zambia Copper Press Release 

FQM SUPPORTS PRESIDENT’S CALL FOR SKILLS DEVELOPMENT TO COMBAT UNEMPLOYMENT

Constance
 First Quantum Minerals (FQM) has pledged its support for President Hakainde Hichilema’s call to advance skills development in mining communities to combat unemployment. Speaking during Labour Day celebrations attended by the President this week, FQM Trident Human Resource Manager Brighton Mwiinga said the mining firm wanted to ensure that its employees were at the centre of helping rebuild the recovery of the economy, through improved productivity in the mining sector. Mr Mwiinga explained that while possessing the right knowledge and key competencies for a job was crucial, a well-coordinated workforce… Read More Here
The Lobito Corridor, a Route to African Development? 6 Mining in Zambia Angola Mining in DRC Transport and Logistics 

The Lobito Corridor, a Route to African Development?

Constance
In this article, Veronica Bolton Smith makes the case that the participating countries in the Lobito Corridor need to do more to become part of the $60 billion Electric Vehicle (EV) battery supply chain. The stakes are high for Africa as the EV battery market is anticipated to more than double in size to $141.6 billion by 2032, according to Apollo Research. A primary goal of the Lobito Corridor initiative is to improve and expand the existing railway and supporting infrastructure to allow efficient flows of critical raw materials from… Read More Here
UNDP Announces Plans for Mining Technology Hub in Zambia 7 Mining in Zambia Mining technology 

UNDP Announces Plans for Mining Technology Hub in Zambia

Constance
The United Nations Development Programme (UNDP) has unveiled its intention to establish a Mining Technology (MinTech) hub in Zambia, with an investment exceeding K160 million. This initiative, disclosed during the Timbuktoo Retreat Strategy in Cape Town, South Africa, aims to foster innovation and collaboration within Zambia’s mining sector, leveraging technology to enhance sustainability, efficiency, and safety. Ahunna Eziakonwa, UNDP’s Regional Director for Africa, revealed that Zambia was not initially included in the list of countries earmarked for this investment. However, following discussions with President Hichilema, the decision was made to… Read More Here
President Hichilema Pledges to Boost Mining Sector in North Western Province 8 Mining in Zambia 

President Hichilema Pledges to Boost Mining Sector in North Western Province

Constance
During his visit to Solwezi Airport, President Hakainde Hichilema assured the residents of North Western Province of his government’s commitment to opening more mines in the region. Highlighting the potential for development, President Hichilema emphasized the importance of reopening mines such as Kasenseli and Kalengwa, which could significantly benefit the province. He commended the reinvestment efforts of major mines like Kansanshi and First Quantum Minerals, stating that his administration aims to create more job opportunities for the local population. The President’s remarks were well-received by the people, who expressed their… Read More Here
Zambia’s Mineral-Rich Copperbelt Seeks New Investment 9 Mining in Zambia Copper Mining in DRC 

Zambia’s Mineral-Rich Copperbelt Seeks New Investment

Constance
Zambia’s economy hinges significantly on copper production, with the Copperbelt region, spanning the border between Zambia and the Democratic Republic of Congo (DRC), serving as its mainstay. This mineral-rich area contributes 90% to the country’s GDP and employs the majority of its populace, generating about 70% of national revenue. With over a tenth of the world’s copper reserves, Zambia ranks among the top global producers, aiming to boost production to 3 million tons by 2032. Critical mineral supply chains have become focal points for development partnerships. Last October, Zambia and… Read More Here
Vedanta Seeks Capital to Revitalize Konkola Copper Mines in Zambia 10 Mining in Zambia Copper 

Vedanta Seeks Capital to Revitalize Konkola Copper Mines in Zambia

Constance
Vedanta Resources Ltd, led by billionaire Anil Agarwal, is in discussions with trading houses to raise capital for the revival of the Konkola copper mining and smelting complex in Zambia. According to sources familiar with the matter, Vedanta has explored tolling and prepayment arrangements with commodity traders, including Mercuria Energy Group, for the output from Konkola Copper Mines Plc. In addition to discussing tolling and prepayment facilities, Vedanta is considering the sale of a minority stake in KCM to address creditor obligations and invest in the mines, which were placed… Read More Here

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