Category: New Mining Projects

Zambian mining company Mimosa Resources has secured a $3 million investment from Australian Stock Exchange-listed Zeta Resources for the development of its Kashime copper mine near Mkushi in Central Province. The funding will support final feasibility studies and preparatory work at the site. Mimosa Resources’ Executive Chairman, Jordan Soko, expressed confidence in the project, highlighting that Zeta’s investment reflects strong belief in Mimosa’s potential and the local expertise driving the Kashime mine. He noted the mine’s critical role in helping Zambia achieve its goal of producing 3 million tonnes of… Read More Here

The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of the year, paving the way for construction to start in 2025 the company said. Speaking during a webinar focused on updating the market on the Lumwana Super Pit Expansion Project, Barrick president and chief executive Mark Bristow said the expansion unlocks the potential to transform the Lumwana mine into a long-life, high yielding, Top 25 copper producer1 and a Tier One2 copper mine, capable of contending with the volatility… Read More Here

President Hakainde Hichilema has officially launched the $600 million Sinomine Kitumba mining project in Mumbwa District, Central Province, marking a significant step in revitalizing Zambia’s mining industry and boosting economic growth. During the groundbreaking ceremony, President Hichilema highlighted the project’s crucial role in copper cathode production, supported by the development of a 50-megawatt solar power plant that will be integrated into Zambia’s national grid. The project is expected to create over 2,500 direct and indirect jobs, providing substantial employment opportunities across various sectors. “This investment will have a transformative impact… Read More Here

President Hakainde Hichilema of Zambia has officially launched a nationwide high-resolution aerial geophysical survey aimed at uncovering the country’s hidden geological assets. This initiative utilizes advanced airborne geophysical technology to identify mineral and water resources, significantly reducing exploration costs and fostering new investment opportunities. This ambitious project is part of the government’s broader strategy to unlock Zambia’s untapped mineral wealth, with the ultimate goal of reaching 3 million tonnes of copper production by 2031. The detailed mapping effort will enhance exploration and help accurately determine the market value of Zambia’s… Read More Here