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Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project 1 Mining in Zambia Hydro power plant 

Zambia and Zimbabwe to Retender Batoka Gorge Hydropower Project

Constance
According to Bloomberg, Zambia and Zimbabwe are planning to retender the Batoka Gorge hydropower project, valued at approximately $5 billion and with a capacity of 2.4GW. The Zambezi River Authority (ZRA), a collaborative effort between the two nations, will be accepting bids by April 2025, with the expectation of selecting new developers by September of the same year. Situated on the Zambezi River, 54km downstream from Victoria Falls and spanning the border between Zambia and Zimbabwe, the Batoka Gorge hydropower plant has garnered significant interest from potential developers. Originally awarded… Read More Here
Africa Global Logistics Announces Launch in Zambia: Transforming Transport and Logistics Landscape 2 Transport and Logistics Mining in Zambia 

Africa Global Logistics Announces Launch in Zambia: Transforming Transport and Logistics Landscape

Constance
Africa Global Logistics, a leading logistics solutions provider, is proud to announce its official rebrand launch in Zambia. With a rich history of excellence and innovation, and formally known as Bollore Logistics, Africa Global Logistics is poised to revolutionize the logistics landscape in Zambia, delivering unparalleled services and driving economic growth and development.The rebrand of Africa Global Logistics in Zambia represents a strategic move to strengthen the company’s presence in the region and capitalize on the country’s burgeoning logistics sector. With Zambia’s strategic location and growing economy, Africa Global Logistics… Read More Here
Barrick Academy to Empowering Frontline Leaders for Sustainable Mining 3 International Gold 

Barrick Academy to Empowering Frontline Leaders for Sustainable Mining

Constance
Barrick Gold Corporation has announced a significant initiative aimed at enhancing leadership capabilities within its operations in the Africa and Middle East region. Over the next 24 months, the Barrick Academy will provide specialized training to more than 2,000 foremen, supervisors, and superintendents. Designed to cultivate individual growth and leadership skills, these tailor-made programs will equip frontline managers with the tools to effectively lead their teams and drive improved performance across operations. The inauguration of this world-class training facility takes place at the former Buzwagi mine site in Tanzania. This… Read More Here
Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival 4 Mining in Zambia Copper Mining Supply Tenders 

Mopani Copper Mines Initiates Supplier Registration Drive for Business Revival

Constance1 Comment
Mopani Copper Mines (MCM) has commenced the registration of suppliers and contractors of goods and services on its database, marking the revitalization of the mine’s business operations. Following the recent handover of the mine to Abu Dhabi-based International Resources Limited (IRL) by President Hakainde Hichilema, who acquired a 51 percent stake, Mopani is taking steps to invigorate its business segment. The Copperbelt region’s economy heavily relies on mining, with over 90 percent of companies providing goods and services to the industry. However, due to decreased copper production at Mopani over… Read More Here
Mopani Mining in Zambia Copper 

Mopani Copper Mines Resumes Negotiations with Mine Union Leaders

Constance
Mopani Copper Mines has called upon Mine Union leaders to restart negotiations, which were halted in December of the previous year. This move comes after investment from the United Arab Emirates-based equity partner, International Resources Holdings, into Mopani. According to Mineworkers Union of Zambia President Mr. Joseph Chewe, workers at Mopani Copper Mines have been facing challenges in improving their conditions of service over the past 3 to 5 years. Yossu Nyirongo, the General Secretary of the United Mineworkers Union of Zambia, stated that the unions anticipate negotiating improved conditions… Read More Here
World Bank Applauds Zambia's Debt Restructuring Agreement with Bondholders 5 Mining in Zambia Economy 

World Bank Applauds Zambia’s Debt Restructuring Agreement with Bondholders

Constance
The World Bank has lauded the recent agreement between the Zambian Government and bondholders regarding the terms for restructuring Eurobonds, marking a significant step forward in the country’s debt restructuring efforts. This agreement builds upon Zambia’s previous deal with official bilateral creditors in 2023. The Official Creditor Committee has affirmed that the terms meet comparability of treatment requirements and align with the parameters of the Joint World Bank-International Monetary Fund Debt Sustainability Framework. To finalize the debt restructuring process, the World Bank emphasizes the importance of other commercial creditors agreeing… Read More Here
Zambia Nears Debt Resolution with $3 Billion Bond Restructuring 6 Mining in Zambia Economy 

Zambia Nears Debt Resolution with $3 Billion Bond Restructuring

Constance
Zambia announced on Monday a breakthrough agreement with private creditors, restructuring $3 billion of its international bonds, marking a significant milestone in its debt restructuring efforts. President Hakainde Hichilema hailed the agreement as historic, signaling progress in negotiations with Eurobond holders. Zambia’s debt restructuring, facilitated under the Common Framework, has faced significant delays, impacting investments, economic growth, and local financial markets. Despite challenges, Zambia secured a $1.3 billion IMF loan in 2022, contingent on debt restructuring with other creditors. Following the announcement, Zambia’s sovereign bonds saw a rise in value.… Read More Here
Glencore Initiates McArthur River Mine Recovery Post-Cyclone 7 International Mine Safety 

Glencore Initiates McArthur River Mine Recovery Post-Cyclone

Constance
After enduring the impact of Cyclone Megan, Glencore, a commodities major, is now taking steps to restore its McArthur River zinc and lead mine in Australia to normal operations. The mine, located in the Northern Territory, suspended operations on March 18 in anticipation of the cyclone’s arrival. Cyclone Megan brought unprecedented rainfall, with a deluge of 274 mm within a 24-hour period on March 19, breaking a 50-year-old rainfall record set in 1974. In response to concerns raised by community members, Traditional Owners, and the media, Glencore emphasized its transparency… Read More Here
India's Govt to Spearhead Critical Metals Exploration in Africa 8 Mining in DRC Lithium Mining in Zambia Zinc 

India’s Govt to Spearhead Critical Metals Exploration in Africa

Constance1 Comment
The Indian government is set to embark on an exploration of critical metals opportunities in Namibia and several other African countries beginning this year. VL Kantha Rao, the secretary of the mines ministry, disclosed this initiative to the Indian Mining Industry last Friday, revealing a focus on offshore mineral mining in Africa. “We are actively pursuing opportunities in Zambia, Namibia, Congo, Ghana, and Mozambique for critical minerals,” Rao stated. Additionally, Rao mentioned ongoing discussions with Australia concerning lithium blocks, indicating a comprehensive approach towards securing vital resources for India’s industrial… Read More Here
Gemfields Evaluates Options for Nairoto Gold Prospect in Mozambique 9 Gemstones Gold International 

Gemfields Evaluates Options for Nairoto Gold Prospect in Mozambique

Constance
Gemfields, a leading ruby and emerald miner, is considering seeking a partner or exploring a potential sale for its Nairoto gold prospect in Mozambique, depending on drilling results. During the company’s annual results announcement on Monday, CEO Sean Gilberton emphasized that while Gemfields is not inclined to become a long-term gold production company, it remains open to strategic partnerships or divestment of the Nairoto project. The decision regarding Nairoto will be heavily influenced by the drilling and assay results, particularly from the TL5 section of the project. Despite initial interruptions… Read More Here

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