Breaking News
President Hichilema Commissions Kasenseli Mine 1 Gold Mining in Zambia New Mining Projects 

President Hichilema Commissions Kasenseli Mine

Constance0 comment
The commissioning of Kasenseli Mine marks a historic achievement as Zambia’s first government-led gold project, implemented through the Zambia Gold Company in partnership with the Chibwika Chiefdom Development Trust in Mwinilunga. This initiative underscores the government’s dedication to fostering local community involvement and increasing Zambian participation in the mining sector. During the exploration phase, the project has already created approximately 215 jobs, with employment expected to expand to 800 positions in the second phase. An initial investment of K300 million is projected to yield annual production levels of 100 kilograms… Read More Here
President Hichilema Reopens Zambia's Kalengwa Mine After 46 Years 2 Mining in Zambia New Mining Projects 

President Hichilema Reopens Zambia’s Kalengwa Mine After 46 Years

Constance0 comment
President Hakainde Hichilema has officially reopened the Kalengwa Mine in Mufumbwe, North-Western Province, marking the end of its 46-year closure. Speaking at the reopening ceremony, President Hichilema criticized previous administrations for failing to revive the mine and apologized to the people of Mufumbwe for decades of neglect. He expressed gratitude for their unwavering support of the UPND over 23 years, stating that the reopening of the Euro Africa Kalengwa Mine is a reward for their trust. The President reaffirmed his administration’s commitment to Zambia’s development and highlighted the strategic importance… Read More Here
Mali Secures $160M Settlement in Gold Mining Dispute Following CEO’s Detention 3 International Gold 

Mali Secures $160M Settlement in Gold Mining Dispute Following CEO’s Detention

Constance0 comment
Australian mining company Resolute Mining has agreed to pay Mali’s military government $160 million to resolve a tax dispute that escalated after the detention of the company’s British CEO, Terry Holohan, and two colleagues. The three employees were arrested 10 days ago while traveling to Bamako for what they believed would be routine negotiations. Their release is contingent on the signing of a memorandum of understanding and the completion of an initial $80 million payment, with the remaining $80 million to be paid in the coming months from the company’s… Read More Here
Mopani Copper Mines Begins Exploration Near Mufulira Mine 4 Mining in Zambia Copper New Mining Projects 

Mopani Copper Mines Begins Exploration Near Mufulira Mine

Constance0 comment
Mopani Copper Mines has begun exploration activities around Mufulira Mine to extend its lifespan by an additional 30 years, beyond the current projection of 2034. Chief Executive Officer Charles Sakanya revealed the mining giant’s plans during a breakfast meeting with Finance and National Planning Minister Situmbeko Musokotwane in Kitwe. Mr. Sakanya emphasized that the ongoing explorations aim to identify the mineral potential of surrounding areas to secure the mine’s future. He also announced Mopani’s goal to ramp up copper production to a peak of 220,000 metric tonnes annually. Over the… Read More Here
Zambia's ERB Assures Stable Fuel Supply Amid Logistical Challenges 5 Mining in Zambia Oil & Gas Petroleum 

Zambia’s ERB Assures Stable Fuel Supply Amid Logistical Challenges

Constance0 comment
The Energy Regulation Board (ERB) has assured Zambians of a stable fuel supply despite logistical challenges impacting fuel imports. ERB Director General Elijah Sichone stated during a media briefing in Lusaka that the country currently has adequate stocks of diesel and petrol. He acknowledged, however, that changes in transit fuel regulations in neighboring countries, particularly Zimbabwe, have disrupted transportation routes and slowed imports. Mr. Sichone revealed that as of November 15, 2024, a survey of 610 out of 617 retail fuel stations showed 82.1% were actively selling both diesel and… Read More Here
Zambia Signs $110 Million Concession Agreement for Kasumbalesa Border Development and Township Roads 6 Mining in Zambia Infrastructural Development 

Zambia Signs $110 Million Concession Agreement for Kasumbalesa Border Development and Township Roads

Constance0 comment
The Zambian government has signed a $110 million concession agreement with Ndola-based ZMart Group of Companies for the development of a One-Stop Border Post at Kasumbalesa, alongside the construction of 20 kilometers of township roads in Chililabombwe and Chingola on the Copperbelt. Attorney General Mulilo Kabesha witnessed the signing, which includes plans for a 2,000-capacity truck park, a multi-facility economic zone, a fire station, 300 shops, a hotel, and a shopping mall. The agreement was signed in Ndola by Finance and National Planning Minister Situmbeko Musokotwane, Commerce, Trade, and Industry… Read More Here
Kibali Mine Tackles DRC’s Energy Deficit with Renewables 7 Mining in DRC Corporate News Events & Expos Gold 

Kibali Mine Tackles DRC’s Energy Deficit with Renewables

Constance0 comment
At the Makutano Forum on Thursday, November 14, 2024, several panelists discussed the theme, “Energy Deficit in the DRC: Can Miners Offer Solutions?” One of the key speakers, Jean-Paul Ilunga Mbayo, Power Engineer at Barrick Gold Corporation, highlighted the significant challenges faced by miners in investing in energy infrastructure in the Democratic Republic of Congo (DRC). Ilunga emphasized three primary challenges that hinder progress in addressing the country’s energy deficit. 1. Economic Challenges The foremost obstacle is the high tax burden associated with the construction of energy infrastructure. Ilunga pointed… Read More Here
Minister Aimé Molendo Sakombi Outlines Vision for DRC's Oil Sector Growth and Sustainability 8 Mining in DRC Oil & Gas Petroleum 

Minister Aimé Molendo Sakombi Outlines Vision for DRC’s Oil Sector Growth and Sustainability

Constance0 comment
On Thursday, November 14, 2024, Minister of Hydrocarbons Aimé Molendo Sakombi provided an in-depth analysis of the Congolese oil sector at the Hilton Hotel, during the Hydrocarbons House event, held alongside the tenth edition of the Makutano Forum. While the Democratic Republic of Congo (DRC) is often called a “geological scandal” due to its vast natural resources, its oil production is currently limited to a mere 20,000 barrels per day—a stark contrast to the country’s potential. Minister Sakombi emphasized that key regions like the Central Basin, the Albertine Graben, and… Read More Here
Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons 9 Uncategorized 

Angola’s Lobito Atlantic Railway Expands with Arrival of 275 New Container Wagons

Constance0 comment
The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has arrived in Lobito, Angola, to enhance the transport capacity of the Lobito Atlantic Railway (LAR). This strategic investment is part of LAR’s broader expansion and modernization plan, aimed at boosting railway infrastructure over the next three years. Arriving earlier this week, the new wagons are equipped with a modern pneumatic braking system and a lightweight steel structure, ensuring safer and more efficient transport operations. Each wagon weighs 13.5 tons and has a load capacity of… Read More Here
IFC’s $550 Million Investment Boosts DRC’s Energy and Infrastructure Sectors 10 Mining in DRC Economy Infrastructural Development 

IFC’s $550 Million Investment Boosts DRC’s Energy and Infrastructure Sectors

Constance0 comment
Since 2021, the Democratic Republic of Congo (DRC) has received significant financial support totaling US$550 million from the International Finance Corporation (IFC). This funding, primarily directed toward infrastructure and energy projects, aims to foster sustainable growth and improve the daily lives of Congolese citizens. During a meeting on Thursday, November 14, 2024, Sergio Pimenta, IFC Vice-President for Africa, and Judith Tuluka Suminwa, Prime Minister of the DRC, discussed the impact of this support. According to Pimenta, the IFC’s investments have directly benefited the Congolese population by addressing critical infrastructure and… 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.