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Category: Mining in Zambia

Japanese Govt Pledges K38 Billion Investment in Zambia's Mining Sector 1 Mining in Zambia Copper Economy 

Japanese Govt Pledges K38 Billion Investment in Zambia’s Mining Sector

Constance
The Japanese Government has committed to invest K38 billion to support Japanese ventures in Zambia’s mining industry, aiming to bolster bilateral cooperation in this crucial sector. During a bilateral meeting held in Tokyo, Japan’s Minister of Economy, Trade and Industry, Saito Ken, expressed the Japanese Business Corporation’s keen interest in investing in Zambia’s mining industry. Vice Minister Taku Ishii further highlighted collaboration efforts between the Japan Organization for Metals and Energy Security (JOGMEC) and the Zambian Government on exploration projects. In response, Zambia’s Minister of Mines and Minerals Development, Paul… Read More Here
IMF Director Urges Zambia to Maintain Economic Momentum Amidst Climate Challenges 2 Mining in Zambia Economy 

IMF Director Urges Zambia to Maintain Economic Momentum Amidst Climate Challenges

Constance
During a meeting in Washington DC, IMF Managing Director Kristalina Georgieva underscored the importance for Zambia to sustain its economic transformation despite short-term setbacks caused by drought and climate change. Georgieva commended the country’s policy reforms, acknowledging them as driving forces for progress. She also praised Zambia’s recent deal with bondholders as a significant milestone in its economic recovery. Finance Minister Situmbeko Musokotwane expressed gratitude to the IMF for its support during economic challenges, emphasizing President Hichilema’s commitment to Zambia’s economic transformation. Musokotwane highlighted Zambia’s 5% annual GDP growth in… Read More Here
Zambia Aims for Three Million Tonnes of Copper Production by 2031 3 Mining in Zambia Copper 

Zambia Aims for Three Million Tonnes of Copper Production by 2031

Constance
The Zambian government is gearing up to launch an initiative aimed at boosting copper production to three million tonnes annually by 2031. This ambitious goal was unveiled during the African Minerals Development Center Assessment workshop in Lusaka, focusing on sustainable mineral resource management and alignment with the African Mining Vision (AMV). Tobias Musonda, Director of Planning and Information for Mines and Minerals Development, announced that the strategy to achieve this target is nearing completion. The initiative will involve collaboration between existing mining companies and artisanal small-scale miners. Dr. Marit Kitaw,… Read More Here
Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement 4 Mining in Zambia 

Mopani Copper Mine Workers to Receive 13% Salary Increase in 2024 Agreement

Constance
Unionised employees of Mopani Copper Mine will see a 13% salary boost as part of the 2024 agreement between the union and the mine. The agreement, celebrated during a signing ceremony in Kitwe, entails a salary increment alongside a bonus scheme. Under the new agreement, the most junior unionised workers will enjoy a K800 raise, while senior employees will receive K1400. Additionally, Mopani Copper Mines plans to hire 441 new miners, a move praised by Employee Relations Manager Justine Chiwama. Chiwama commended the swift negotiations, attributing the success to the… Read More Here
Lobito Corridor Master Plan brings together Government and partners on Thursday 5 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor Master Plan brings together Government and partners on Thursday

Constance
Government officials, business leaders, international partners, and experts will convene for a workshop on Thursday to lay the groundwork for the Master Plan of the Lobito Corridor, also known as the Benguela Railway. The meeting, as reported by JA Online, will focus on mapping infrastructure gaps, discussing the design and significance of public-private partnerships, and exploring avenues for unlocking the corridor’s development potential. Organized jointly by the Ministries of Planning and Transport, in collaboration with the World Bank, the workshop adopts the theme “Diversify more by unlocking the potential of… Read More Here
Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products 6 Mining in Zambia Battery Metals Cobalt 

Musonoïe Mining Company SAS Addresses Misinformation Regarding Cobalt Hydroxide Products

Constance
In response to recent misinformation circulating in the media, Musonoïe Mining Company SAS has issued a clarifying statement regarding its cobalt hydroxide products. The company, headquartered in Kolwezi, Democratic Republic of Congo, asserts that certain claims regarding radiation levels in its products are unfounded rumors. Reports suggesting the exceeding of radiation standards and sensationalized narratives, including the closure of mining areas and involvement of armed forces, have been addressed directly by the company. Contrary to these assertions, Musonoïe Mining Company affirms that it operates in strict adherence to national and… Read More Here
Unlocking Zambia’s Oil and Gas Potential 7 Mining in Zambia Oil & Gas 

Unlocking Zambia’s Oil and Gas Potential

Constance
Zambia, the world’s seventh-largest copper producer, is ramping up infrastructure and mineral exploration efforts while partnering with international firms to expand its renewable energy sector. Although its petroleum industry is relatively untapped, emerging developments driven by strategic positioning and promising geology present enticing opportunities for upstream investments. Regional Exploration Success Highlights Zambian Prospects Zambia shares geological similarities with neighboring countries that have witnessed significant exploration success, particularly in oil and gas. These include exploration in the East African Rift Basin – featuring the Lake Albert Rift Basin in Uganda and… Read More Here
Court Grants Appeal in Kabwe Lead Poisoning Case Against Anglo American 8 Mining in Zambia Environment Social Governance (ESG) 

Court Grants Appeal in Kabwe Lead Poisoning Case Against Anglo American

Constance
The Johannesburg High Court has greenlit an appeal for the class action certification denial involving 140,000 women and children in Kabwe, Zambia, who allege lead poisoning from a former Anglo American mine. Justice Leonie Wendell cited “reasonable prospects of success” and “compelling reasons” for the appeal. The case will now advance to the Supreme Court of Appeal of South Africa. Anglo American operated the Kabwe mine from 1925 to 1974. The claimants argue that the company failed to address lead pollution adequately, leading to health crises in the community. Anglo… Read More Here
Mopani Copper Mining in Zambia News in Brief 

Mopani Copper Mines Transaction Falls Outside Article 210 of Zambia’s Constitution

Constance
Attorney General Mulilo Kabesha clarified that the Mopani Copper Mines transaction falls outside the scope of Article 210 of the Zambian Constitution and thus doesn’t necessitate approval from the National Assembly. In a statement issued recently, Mr. Kabesha emphasized that Article 210 pertains to transactions involving the sale, transfer, or disposal of significant state assets, including parastatals and government-held equity. He highlighted that Mopani does not fall under either category as it is not a parastatal nor does the government hold equity in it. Mopani operates as a distinct legal… Read More Here
Gemfields Auction Yields USD 17.1 Million in Commercial-Quality Emeralds 9 Mining in Zambia Economy Emeralds 

Gemfields Auction Yields USD 17.1 Million in Commercial-Quality Emeralds

Constance
Gemfields has concluded another successful auction of commercial-quality rough emeralds, held from March 5 to March 22, 2024. The auction, conducted by Gemfields’ subsidiary Kagem in Zambia, generated total revenues of USD 17.1 million, with 40 out of 43 lots sold, achieving a remarkable 93% sales rate. Key Highlights: .Total auction revenues reached USD 17.1 million. .43 lots were offered, with 40 lots successfully sold, accounting for a 93% sales rate. .The average price per carat stood at USD 4.45. .Since July 2009, Kagem auctions have amassed total revenues of… Read More Here

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