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ZESCO's Chisamba Solar Project Hits Key Milestones in Zambia's Energy Shift 1 Mining in Zambia Energy Green Energy 

ZESCO’s Chisamba Solar Project Hits Key Milestones in Zambia’s Energy Shift

Constance
ZESCO’s 100-megawatt solar project in Chisamba is making steady progress as part of Zambia’s broader strategy to diversify its energy supply and build a more climate-resilient energy system. Located in Kafungalubala village, within Chief Chaamuka’s area in Chisamba district, the project is a significant step towards reducing Zambia’s reliance on hydroelectric power. As of August 3, 2024, substantial progress has been made on the project. A total of 120 hectares of land has been cleared, fencing has been installed, and the main access road to the plant has been constructed.… Read More Here
ZESCO and POWERCHINA Sign MoUs to Boost Zambia's Solar Energy Capacity 2 Mining in Zambia Energy 

ZESCO and POWERCHINA Sign MoUs to Boost Zambia’s Solar Energy Capacity

Constance
In a major step towards enhancing Zambia’s renewable energy capacity, ZESCO has signed three Memoranda of Understanding (MoUs) with the Power Construction Corporation of China (POWERCHINA) for the development of solar power projects across the country. The agreements, signed during a ceremony attended by President Hakainde Hichilema and POWERCHINA Chairman Ding Yanzhang, include three critical initiatives: 1.A Framework Cooperation Agreement for the supply, delivery, and installation of rooftop solar systems in Zambia. 2.An Engineering, Procurement, and Construction (EPC) agreement for a 100-megawatt solar photovoltaic power plant at Kariba North. 3.An… Read More Here
Zambia Faces Severe Power Deficit Amid Prolonged Drought 3 Mining in Zambia Electricity 

Zambia Faces Severe Power Deficit Amid Prolonged Drought

Constance
Zambia is grappling with a worsening power deficit of 1,510 megawatts (MW), despite an installed capacity of over 3,777 MW. This shortfall has persisted despite efforts to import electricity, as the country’s drought-stricken conditions have severely impacted its hydroelectric generation capacity. As a result, consumers, particularly households, are experiencing only three hours of electricity daily. The country has faced sustained power shortages since March 2024, after an El Niño-induced drought drastically reduced water levels in key reservoirs, including the 66-year-old Kariba Dam, which now holds less than 1.3 meters of… Read More Here
ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion 4 Mining in Zambia Copper Mining tax Zinc 

ZRA Recovers Over K1.4 Million from Stephane Mining Imports and Exports Limited for Tax Evasion

Constance
The Zambia Revenue Authority (ZRA) has successfully recovered K1,493,307.52 from Stephane Mining Imports and Exports Limited following the company’s conviction by the Economic and Financial Crimes Court in Kitwe for tax evasion. Between January 1 and March 30, 2024, Stephane Mining Imports and Exports Limited falsified export documents, misrepresenting Zinc Ore as Zinc concentrate to evade taxes. The ZRA intercepted six trucks transporting the misdeclared ore, uncovering the tax evasion scheme. After entering into a plea negotiation, the company has fully paid the evaded taxes and reimbursed K100,000 in prosecution… Read More Here
African Rainbow Minerals pivots to chrome and copper after platinum price slump 5 Copper International 

African Rainbow Minerals pivots to chrome and copper after platinum price slump

Constance
African Rainbow Minerals (ARM) is pursuing chrome and copper opportunities after weaker platinum group metal (PGM) and coal prices drove its annual profit 43% lower, the diversified miner said on Friday. ARM’s headline earnings slumped to 5.08 billion rand ($286.89 million) in the year ended June 30, from a restated 8.98 billion the previous year, mainly due to lower PGM and coal prices. The company’s board has approved the construction of a chrome recovery plant at its Bokoni platinum mine, where the platinum ramp up will be “phased and measured”… Read More Here
Glencore’s Peru boss Soyer to step down after Volcan sale 6 Copper International Mining Personality 

Glencore’s Peru boss Soyer to step down after Volcan sale

Constance
Glencore’s head of Peruvian operations is stepping down from her position, according to two sources with knowledge of the matter. Victoria Soyer Toche, the general manager at Glencore Peru SAC, has resigned, the sources said. Veteran copper concentrates trader Alvaro Ilamas also recently left Glencore’s Lima office, according to same sources. Glencore declined to comment on personal moves. Her departure came after Glencore sold its stake in zinc-lead producer Volcan Compania Minera to Argentine group Integra Capital in May. The commodity giant owns stakes in major Peruvian copper mines such… Read More Here
Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August 7 Mining in DRC Copper 

Ivanhoe Mines Announces Kamoa-Kakula Achieved Record Copper Production of 40,347 Tonnes in August

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President Marna Cloete has announced that the Phase 1, 2 and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) achieved a combined monthly production record of 40,347 tonnes of copper in concentrate and a combined monthly milling record of 1.1 million tonnes during August. On August 31, the Phase 1, 2 and 3 concentrators produced a combined daily production record of 2,096 tonnes of copper. This included 1,760 tonnes of copper from… Read More Here
OPTIMIZING OPERATIONS, MAXIMIZING PROFITS: DGC AFRICA'S AIM SEMINAR 8 Sponsored Content Mining in Zambia 

OPTIMIZING OPERATIONS, MAXIMIZING PROFITS: DGC AFRICA’S AIM SEMINAR

arnbethnic
Zambia – September 2024In an era of rapid technological advancement and evolving market dynamics, the African mining industry stands at a pivotal juncture. The need for robust Asset Integrity Management (AIM) has emerged as a critical factor in maintaining competitiveness and ensuring sustainable operations. Recognizing this imperative, DGC AFRICA is proud to announce a landmark seminar dedicated to exploring cutting-edge AIM strategies and solutions.The Critical Role of Asset Integrity ManagementAsset Integrity Management is no longer a luxury but a necessity in modern mining operations. It encompasses a holistic approach to… Read More Here
Vedanta Approves $932M Dividend Amid Efforts to Strengthen Financial Position 29 International 

Vedanta Approves $932M Dividend Amid Efforts to Strengthen Financial Position

Constance
Indian tycoon Anil Agarwal’s Vedanta has approved a third tranche of dividend payouts, continuing its efforts to enhance the financial stability of its debt-laden London-based parent company. The Mumbai-based miner announced a dividend of 78.21 billion rupees ($932 million), bringing its total payout for the fiscal year ending in March to 134.75 billion rupees. Vedanta Resources, weighed down by significant debt from a series of acquisitions, has reduced its obligations by $4.5 billion over the past two years. The company aims to repay an additional $3 billion over the next… Read More Here

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