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Zambia Development Agency Secures $8.9 Billion in Investments 1 Mining in Zambia Economy 

Zambia Development Agency Secures $8.9 Billion in Investments

Constance
The Zambia Development Agency (ZDA) has successfully realized $8.9 billion in investments from 2021 to 2024, as announced by ZDA Director General, Mr. Albert Halwampa, during a media briefing held on Friday, August 23, 2024, at the ZDA Boardroom. Of the total committed investment of $54 billion, 440 companies have contributed to this substantial achievement, resulting in an actualization rate of 113%. The investments cover various sectors, with mining leading the way at $3.34 billion, followed closely by manufacturing at $3.10 billion, and transport at $1.2 billion. “This remarkable success… Read More Here
FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy 2 Mining in Zambia Copper Economy 

FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy

Constance
Hon. Elias Mubanga, Minister of Small and Medium Enterprise Development, has commended FQM Trident Limited for its ongoing efforts to support small and medium enterprises (SMEs) in Zambia’s Northwestern Province. Speaking at the Kalumbila Business Clinics, Hon. Mubanga highlighted the crucial role SMEs play in Zambia’s economy and urged other large corporations, especially in the mining sector, to follow FQM’s example in empowering local businesses. “SMEs are the backbone of our economy, and it is essential that major firms, particularly in the mining industry, actively contribute to the growth and… Read More Here
Swedish Energy Agency Eyes Investment in Zambia's Growing Renewable Energy Sector 3 Mining in Zambia Energy 

Swedish Energy Agency Eyes Investment in Zambia’s Growing Renewable Energy Sector

Constance
The Swedish Energy Agency has expressed strong interest in exploring investment opportunities in Zambia’s renewable energy sector, recognizing the country’s vast potential in green energy and energy efficiency initiatives. This development follows a high-level meeting between Zambia’s Ministry of Green Economy and Environment and a Swedish delegation led by SPAR6C Zambia Team Lead, Mr. Joachim Schnurr. During the meeting at the Industrial Development Corporation (IDC) offices in Lusaka, Mr. Schnurr commended Zambia’s significant progress under the SPAR6C program—a German government-funded initiative that helps countries like Zambia engage in the global… Read More Here
Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival 4 Mining in Zambia Copper Economy 

Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival

Constance
Mopani Copper Mines has successfully produced its first 200 tonnes of copper anodes since its revitalization under new equity partner, International Resources Holdings (IRH). The company was officially handed over to IRH in March this year by President Hakainde Hichilema. Mopani Copper Mines CEO, Charles Sakanya, announced that significant transformations have taken place since the revival. In the past three months, 400 professionals have been hired to enhance productivity. The mine has also doubled its shifts, resulting in a notable increase in production. Current copper output stands at 65,000 tonnes,… Read More Here
Botswana's Karowe Mine Yields Historic 2,492-Carat Diamond 5 International Diamond 

Botswana’s Karowe Mine Yields Historic 2,492-Carat Diamond

Constance
Botswana has once again made headlines in the diamond industry with the discovery of a monumental 2,492-carat diamond at the Karowe Mine. This remarkable find is the largest diamond unearthed in over a century and ranks as the second-largest ever discovered, surpassed only by the legendary 3,106-carat Cullinan Diamond found in South Africa in 1905. The yet-to-be-named gem was unveiled by President Mokgweetsi Masisi during a special viewing ceremony, where he expressed both awe and pride. “I am fortunate to witness this in my time,” Masisi remarked, describing the event… Read More Here
Copper exports from DRC to the US begin via Lobito Atlantic Railway 6 Mining in DRC Angola Copper Mining in Zambia Transport and Logistics 

Copper exports from DRC to the US begin via Lobito Atlantic Railway

Constance
The first US-bound copper shipment from the Democratic Republic of the Congo (DRC) via the Lobito Atlantic Railway (LAR) has been successfully loaded. The cargo of copper cathodes, destined for Baltimore, was transported by train to Angola’s port of Lobito on August 19, according to global commodities trader Trafigura Group, part of the consortium holding the railway concession. This shipment follows earlier deliveries to European and Far Eastern ports since the Lobito Atlantic Railway began operating the concession in January 2023. LAR, a joint venture backed by Trafigura, Portuguese construction… Read More Here
Kolwezi Inaugurates $700,000 Water Management Project to Safeguard Artisanal Miners 7 Mining in DRC 

Kolwezi Inaugurates $700,000 Water Management Project to Safeguard Artisanal Miners

Constance
To contain and manage wastewater from the Musonoie Mining Company (COMMUS), two sumps were constructed at the Kamilombe artisanal quarry in Kolwezi, Lualaba Province, at a total cost of $700,000. These facilities were inaugurated on August 20, with representatives from the Congolese Government, CMDS, and artisanal miners in attendance. The project, a partnership between the Chinese mining company COMMUS and the Mining Cooperative for Development and Social (CMDS), was initiated after poorly managed water flow caused fatalities at the Kamilombe site in 2022. The sumps are designed to improve sanitary… Read More Here
Former Gécamines Workers Appeal to President Tshisekedi Amid Kamoto Copper Crisis 8 Mining in DRC Copper 

Former Gécamines Workers Appeal to President Tshisekedi Amid Kamoto Copper Crisis

Constance
Former Gécamines workers have sent an urgent plea to President Félix Tshisekedi regarding the dire situation faced by those who defected to work at Kamoto Copper Company (KCC), a subsidiary of the Glencore group. These workers, who have not yet received their final payments, have taken drastic action by barricading all entrances to the KCC facility in protest. The protest follows a previous sit-in that lasted over 12 weeks in front of KCC’s offices in Lusanga. During that time, several protesters reportedly died, others were hospitalized, and one individual suffered… Read More Here
Jubilee Metals Exceeds Chrome Production Goals, Meets Copper Targets in Q4 2024 9 Mining in Zambia 

Jubilee Metals Exceeds Chrome Production Goals, Meets Copper Targets in Q4 2024

Constance
Diversified metals producer Jubilee Metals Group has met its copper production targets and exceeded its chrome production guidance for the fourth quarter of the 2024 financial year. In its Zambian operations, Jubilee achieved a 51.7% quarter-on-quarter increase in copper production, reaching 1,048 tonnes for the three months ending June 30, despite operational stoppages due to construction activities at the Roan site. For the full year, copper production rose by 17.1% to 3,422 tonnes, aligning with the company’s guidance range of 3,250 to 4,000 tonnes. Jubilee’s South African operations also saw… Read More Here
Mozambique's Gold Production Surges 19% in First Half of 2024 10 International Gold 

Mozambique’s Gold Production Surges 19% in First Half of 2024

Constance
Mozambique’s gold production increased by 19% year-on-year in the first half of 2024, reaching over 917 kilograms, according to official data accessed by Lusa. A report from the Ministry of Economy and Finance, detailing mining production in the first half of the year, revealed that this figure compares to nearly 769 kilograms produced in the same period of 2023. It also represents 58% of the 2024 target of 1,583 kilograms. With each kilogram of gold valued at approximately €73,000 on the international market, Mozambique’s total production in the first half… Read More Here

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