You are here

Category: Mining in Zambia

Zambia Implements Strategic Measures to Restore Economic Stability and Foster Growth 1 Mining in Zambia Economy 

Zambia Implements Strategic Measures to Restore Economic Stability and Foster Growth

Constance
The Zambian government has launched strategic interventions aimed at restoring macroeconomic stability, enhancing economic efficiency, and promoting private sector-led growth through increased investments. Dr. Situmbeko Musokotwane, Minister of Finance and National Planning, reaffirmed the government’s commitment to collaborating with the private sector during his address at the Zambia Association of Manufacturers (ZAM) pre-budget meeting in Lusaka earlier this week. He emphasized that the private sector’s expansion and its ability to seize upcoming investment opportunities are crucial to Zambia’s economic prosperity. Minister Musokotwane identified several key challenges contributing to Zambia’s recent… Read More Here
Kagem Mining Limited Funds Groundbreaking of Chapula Polytechnic, Zambia’s First Official Polytechnic  2 Mining in Zambia Emeralds Infrastructural Development Press Release 

Kagem Mining Limited Funds Groundbreaking of Chapula Polytechnic, Zambia’s First Official Polytechnic 

Constance
Today, the Minister of Technology and Science, Hon. Felix Mutati, MP, led the groundbreaking ceremony signalling the start of construction work for Chapula Polytechnic in Lufwanyama – Zambia’s first official polytechnic. The ceremony demonstrates Kagem Mining Limited (Kagem)’s commitment to fulfilment of the Memorandum of Understanding (MoU) it signed with the Government in September 2023, in which the mine committed to the construction of the centre at an estimated cost of ZMW 52.5 million (USD 2.5 million). The centre will aim to provide local people from Lufwanyama and other areas surrounding… Read More Here
KoBold Metals Plans $2.3 Billion Investment in Zambia's Largest Copper Mine 3 Mining in Zambia Copper New Mining Projects 

KoBold Metals Plans $2.3 Billion Investment in Zambia’s Largest Copper Mine

Constance
KoBold Metals, a mining exploration company backed by Bill Gates, is planning to invest up to $2.3 billion to develop a major new copper mine in Zambia, according to President Hakainde Hichilema, who cited company figures. The company aims to produce over 300,000 metric tons of copper annually at the Mingomba site, positioning it as Zambia’s largest copper operation. KoBold Metals plans to begin sinking the mining shaft in the first half of 2026, as announced by company officials during a meeting with Hichilema, which was broadcast on state television.… Read More Here
ERB Suspends Exxon Petroleum Energy’s License Over Fraud Allegations 4 Mining in Zambia Oil & Gas Petroleum 

ERB Suspends Exxon Petroleum Energy’s License Over Fraud Allegations

Constance
The Energy Regulation Board (ERB) has suspended the operating license of Exxon Petroleum Energy Limited due to alleged fraudulent practices. The company, owned by Dr. Kafula Mubanga, President of the Oil Marketing Association of Zambia (OMCAZ), faces numerous lawsuits from various companies for failing to supply fuel. Recently, Judge Chilombo Maka ordered Dr. Mubanga to pay Luapula Energy Limited K3,506,195.90 for 52 tankers of petroleum products obtained on credit. Exxon Petroleum Energy Limited failed to clear the outstanding debt and did not defend itself in court. Attempts to recover the… Read More Here
Zambia to receive $338 million in latest IMF Staff-Level Agreement 5 Mining in Zambia Economy 

Zambia to receive $338 million in latest IMF Staff-Level Agreement

Constance
In the third review of the Extended Credit Facility (ECF) Programme, the government has revealed that it has successfully reached an agreement on further economic policies and reforms. Part of the review is that Zambia will receive $338 million. The Finance and National Planning Minister, Situmbeko Musokotwane expressed his gratitude to the IMF for considering Zambia’s request for additional financial support to aid its response to the drought. The aim of the ECF is to restore macroeconomic stability in Zambia. The IMF hopes to achieve this by: ·      Restoring sustainability… Read More Here
Zambian Technology Minister Urges Entrepreneurs to Embrace Cutting-Edge Marketing Technologies 6 Mining in Zambia Technology & Innovation 

Zambian Technology Minister Urges Entrepreneurs to Embrace Cutting-Edge Marketing Technologies

Constance
The Technology and Science Minister of Zambia, Hon. Felix Mutati, has emphasized the critical importance of integrating the latest technologies into marketing strategies for Zambian entrepreneurs. In an effort to enhance business effectiveness, Minister Mutati urged entrepreneurs to leverage cutting-edge technologies from China, particularly in network marketing. During the official launch of Angelo HZS International’s operations in Zambia, held in Lusaka over the weekend, Minister Mutati commended the Chinese company’s commitment to sharing its technological advancements with the Zambian business community. He highlighted the significance of staying abreast of modern… Read More Here
ZEMA Approves 207 New Projects Worth $965 Million in April and May 2024 7 Mining in Zambia 

ZEMA Approves 207 New Projects Worth $965 Million in April and May 2024

Constance
The Zambia Environmental Management Agency (ZEMA) has approved 207 new projects, increasing the total number of approved projects in 2024 to 452. These newly approved initiatives, assessed in April and May 2024 by ZEMA’s Environmental Assessment Committee, represent an investment value of approximately $965 million. The cumulative investment for all projects approved this year now stands at about $2.0 billion. Eng. Godfrey Mwiinga, Director General of ZEMA, highlighted the significance of these approvals in addressing current environmental and economic challenges. Among the newly approved projects are five solar energy initiatives… Read More Here
President Hichilema Promises Unity, Law Enforcement, and Economic Recovery 8 Mining in Zambia Economy Governance 

President Hichilema Promises Unity, Law Enforcement, and Economic Recovery

Constance
In a significant address to the nation yesterday, President Hakainde Hichilema outlined a comprehensive agenda focused on national unity, justice, and economic prosperity. President Hichilema emphasized Zambia’s heritage as a unified nation, denouncing divisive rhetoric and hate speech. He affirmed the government’s commitment to increasing penalties for theft, including essential infrastructure like electric cables. A landmark decision was announced to incorporate national unity-focused topics into the school curriculum, aiming to combat tribalism and hate speech among the youth. Addressing the rule of law, President Hichilema asserted that no individual, regardless… Read More Here
CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy 9 Mining in Zambia Exploration Oil & Gas 

CTPD Urges Zambia to Develop Comprehensive Oil Exploration and Production Policy

Constance
The Centre for Trade Policy and Development (CTPD) has called on the Zambian government to urgently develop an Oil Exploration and Production (E&P) Policy to attract significant investment in the oil and gas sector. Since the enactment of the Petroleum (Exploration and Production) Act in 2008, Zambia has faced challenges in attracting substantial investment in oil and gas exploration. Despite the country’s potential, geological risks and a lack of funding commitments have hindered progress. Dr. Stephen Kambani, Associate Researcher for Extractives at CTPD, noted that Zambia has conducted three licensing… Read More Here
HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT 10 Mining in Zambia Copper Environment Social Governance (ESG) Press Release 

HARNESSING ZAMBIA’S MINES FOR CLIMATE CHANGE INVESTMENT: A GREEN INITIATIVE TAKES ROOT

Constance
Zambia, renowned for its abundant mineral resources, is now emerging as a potential leader in climate change investment. However, in recent years, Zambia’s landscape has not been spared the effects of climate change, from erratic weather patterns to dwindling natural habitats. Amidst these challenges, a beacon of hope emerges: the role of mines as potential investors in climate change programmes. In a ground-breaking move, several mining companies operating within Zambia have begun to recognise their role in combating climate change and have taken proactive steps to invest in sustainable initiatives.… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.