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Zambia's Energy Regulation Board Set to Announce Decision on ZESCO's Emergency Tariff Adjustment 20 Mining in Zambia Electricity Energy 

Zambia’s Energy Regulation Board Set to Announce Decision on ZESCO’s Emergency Tariff Adjustment

Constance
The Energy Regulation Board (ERB) is expected to announce its final decision today regarding ZESCO’s application for an emergency tariff adjustment. During a public hearing on ZESCO’s application held in Lusaka on Monday, ERB Board Chairperson James Banda assured attendees that there is no political interference in the board’s decision-making process. He emphasized that the decision will be based solely on the board’s considerations of all submissions received. ZESCO Managing Director Victor Mapani clarified that the proposed emergency tariff adjustments will apply only to domestic, retail, and industrial customers, explicitly… Read More Here
Zambia Aims for Over 1 Million Tonnes of Copper Production by 2025 21 Mining in Zambia Copper Economy 

Zambia Aims for Over 1 Million Tonnes of Copper Production by 2025

Constance
Zambia’s Mines and Minerals Development Minister, Paul Kabuswe, has announced that the country aims to increase copper production to over 1 million tonnes by the end of 2025. He expressed optimism that the long-term goal of reaching 3 million tonnes by 2031 is achievable. Minister Kabuswe made these remarks during a high-level panel discussion focused on policies to meet the ambitious copper production target at the ongoing Mining and Investment Insaka in Lusaka. Finance Minister Situmbeko Musokotwane emphasized the importance of teamwork in achieving this target. He noted the necessity… Read More Here
Kibali Gold Mine Discovers Major Deposits, Expands Exploration in DRC 22 Mining in DRC Exploration Gold 

Kibali Gold Mine Discovers Major Deposits, Expands Exploration in DRC

Constance
At its 54th quarterly press conference on October 8 in Kinshasa, Kibali Gold Mines announced significant new deposit discoveries near its plant, boosting the mine’s long-term growth prospects. Mark Bristow, Barrick’s Chairman and CEO, shared that these discoveries will help maintain Kibali’s status as Africa’s largest gold mine for years to come. Bristow revealed that the newly identified “ARK” target, just 4 km from the processing plant, holds the potential for a high-grade deposit of several million ounces. This discovery, along with deeper extensions of the KCD deposit, will help… Read More Here
DRC Aims to Diversify Mining Sector with New Investors and Reduce China’s Dominance 23 Uncategorized 

DRC Aims to Diversify Mining Sector with New Investors and Reduce China’s Dominance

Constance
The Democratic Republic of Congo (DRC) is actively seeking new investors to diversify its mining sector, currently dominated by China, according to Mines Minister Kizito Pakabomba. The DRC, home to world-class deposits of key metals like copper and cobalt, is looking to attract a wider range of investors by streamlining customs and tax processes and partnering with the United Arab Emirates. In an interview, Pakabomba outlined plans to modernize the country’s infrastructure, including revamping a railway system that would facilitate the export of minerals via a port along the Atlantic… Read More Here
Trigon Metals Hits High-Grade Copper-Silver at Namibia’s Kombat Mine 24 International Copper Drilling 

Trigon Metals Hits High-Grade Copper-Silver at Namibia’s Kombat Mine

Constance
Trigon Metals (TSXV: TM) has reported significant new high-grade copper and silver mineralization from its ongoing drilling at the Kombat copper-silver mine in north-central Namibia. The drilling program, targeting resource upgrades near past producing areas, has yielded promising results, boosting the company’s stock. Notable drill results include: These drill holes are part of a 3,500-metre resource upgrade program, conducted at a depth of 105 metres on level 3 of Shaft 1. The drilling targeted areas to the northeast and southwest of previous intercepts, confirming the presence of high-grade mineralization adjacent… Read More Here
Patriot Lithium Expands into Zambia with 80% Stake in Katwaro Copper Project 25 Mining in Zambia Battery Metals Copper Mergers & Acquisitions 

Patriot Lithium Expands into Zambia with 80% Stake in Katwaro Copper Project

Constance
Battery metals explorer, Patriot Lithium, has signed a binding option agreement to acquire an 80% stake in the Katwaro Copper Project, Zambia, from Array Metals and Natural Resources. This strategic move aims to diversify the company’s asset portfolio and expand its jurisdictional presence. The Katwaro Project, located near Mumbwa, spans 400 hectares and includes a historical open-pit mine with copper-bearing meta-sediments. Under the terms of the agreement, Patriot Lithium will pay Array Metals $25,000 (A$37,172) for an exclusive 12-month option period. If Patriot exercises the option, a special purpose vehicle… Read More Here
Askari Metals Completes Full Acquisition of Eyasi Uranium Project in Tanzania 26 International Mergers & Acquisitions Uranium 

Askari Metals Completes Full Acquisition of Eyasi Uranium Project in Tanzania

Constance
Askari Metals has announced the full acquisition of the Eyasi Uranium Project in northern Tanzania through its subsidiary, Infinum Uranium. The project was identified as a highly prospective target for surface uranium deposits following an extensive review of geological and geophysical data. The Eyasi Uranium Project spans 292 km² and is located approximately 320 km northwest of Dodoma. The project’s geology is dominated by the Precambrian Eastern Granulite Complex and is associated with the East African Rift system. The region’s geological features suggest the presence of uraniferous fluvial channel systems,… Read More Here
Search Continues for Trapped Miners in Zambia’s Mumbwa Gold Mine Accident 27 Mining in Zambia Mine Safety 

Search Continues for Trapped Miners in Zambia’s Mumbwa Gold Mine Accident

Constance
Search operations continue for trapped miners following a tragic accident at the Lwiili Gold Mine in Mumbwa District, Central Province. Yesterday, ten miners were confirmed dead after their bodies were recovered from the collapsed mine, while six miners were rescued alive and subsequently admitted to Nangoma Mission Hospital. Mumbwa District Commissioner Namukolo Hayumbu informed ZNBC news that the search for additional victims has entered its second day. She noted that the ongoing search is due to the uncertain number of miners still trapped after a portion of the mine collapsed.… Read More Here
Caterpillar and IMA Engineering forge innovative collaboration for next-gen mining efficiency 28 International Mining Equipment Press Release 

Caterpillar and IMA Engineering forge innovative collaboration for next-gen mining efficiency

Constance
IRVING, Texas, October 7, 2024 – Caterpillar Inc. (NYSE: CAT), a global leader in construction and mining equipment, is excited to announce a new alliance with IMA Engineering to enhance Caterpillar’s innovative Cat® Precision Mining initiative. This collaboration aims to use cutting-edge technology to provide real-time, detailed information about ore, the raw material extracted in mining, enabling sites to improve the efficiency and accuracy of mining operations. CatPrecision Mining is Caterpillar’s advanced vision to improve every step of the mining process, from extraction to processing. By incorporating real-time data and… Read More Here
President Hichilema Condemns Illegal Mining, Calls for Investor Partnerships 29 Mining in Zambia Artisanal mining Events & Expos 

President Hichilema Condemns Illegal Mining, Calls for Investor Partnerships

Constance
President Hakainde Hichilema has declared the loss of miners due to illegal mining activities as unacceptable, stressing that such practices must not continue. Speaking at the Mining Insaka, President Hichilema called on investors to collaborate with small-scale miners by purchasing their minerals as a strategy to curb illegal mining. He emphasized the importance of large mining companies creating opportunities for small-scale miners to ensure fair participation in the sector. The President noted that the government has issued over 500 small-scale mining licenses to promote legal mining activities among citizens. He… Read More Here

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