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Zambia's Mining Sector Sets New Record with Tax Contributions Reaching K43 Billion 1 Mining in Zambia Mining revenue 

Zambia’s Mining Sector Sets New Record with Tax Contributions Reaching K43 Billion

Constance
Tax payments from the mining sector rose by 11 percent to K43.3 billion in 2022, according to the latest independently audited report from the Zambia Extractive Industries Transparency Initiative (ZEITI). The report showed that total revenues received by government from the mining sector rose to more than K43.3 billion in 2022, a significant increase on the K39 billion received in 2021. With top contributing mines being Kansanshi Mining with contributions of K15 billion, FQM Trident making contributions of K8.6 billion and Lumwana Mine making contributions of K4 billion. The overall… Read More Here
FQM BACKS ZAMBIA’S MINING GROWTH STRATEGY  2 Mining in Zambia Copper 

FQM BACKS ZAMBIA’S MINING GROWTH STRATEGY 

Constance
First Quantum Minerals (FQM) pledged its support for President Hakainde Hichilema’s vision for the future of mining in Zambia, in which he outlined plans to expand copper production and position the country as a major player in the global mining industry. Speaking at the Investing in African Mining Indaba 2024, where the President gave a keynote address last week, FQM Lead of Infrastructure Development, Jed Goldstein, restated the company’s dedication to fostering sustainable development in Zambia through continued investment in infrastructure, technology, and people, aimed at enhancing operational efficiency and… Read More Here
ZCCM-IH and Kobold Mingomba JV Unveils Zambia's Biggest Copper Find in a Century 3 Mining in Zambia Battery Metals Cobalt Copper Lithium New Mining Projects Nickel 

ZCCM-IH and Kobold Mingomba JV Unveils Zambia’s Biggest Copper Find in a Century

Constance
Yesterday, Joint venture partners ZCCM-IH and KoBold Metals, a Silicon Valley company using artificial intelligence to discover critical minerals for the electric vehicle and renewable energy revolutions, discussed the details of their recent copper discovery at the Mingomba deposit.“ZCCM-IH’s goal is to ensure that Zambia’s finite mineral resources are optimized and benefit the people of Zambia,” said ZCCM-IH Board Chair Mr. Kakenenwa Muyangwa. “ZCCM-IH is proud to be an active investor partnering with Kobold Metals in the Mingomba Deposit, which is well-positioned to help create new jobs, bring significant new… Read More Here
President Hakainde Hichilema Delivers Keynote speech at the Mining Indaba 2024 4 Mining in Zambia Battery Metals Copper Events & Expos 

President Hakainde Hichilema Delivers Keynote speech at the Mining Indaba 2024

Constance
In his address at the 2024 African Mining Indaba in Cape Town, Zambia’s President Hakainde Hichilema highlighted the significant strides made in the country’s mining sector and called for continued investment to power Africa’s future. President Hichilema began by expressing condolences on the passing of Namibian President Hage G. Geingob and extended sympathies to his family and the people of Namibia. He then expressed gratitude to His Excellency President Cyril Ramaphosa and other dignitaries present. Reflecting on the progress since his last address in 2022, President Hichilema highlighted key investments… Read More Here
RAMAPHOSA OPENS MINING INDABA WITH CALL FOR COLLABORATION 5 Events & Expos International Sponsored Content 

RAMAPHOSA OPENS MINING INDABA WITH CALL FOR COLLABORATION

Constance
Investing in African Mining Indaba 2024 opened yesterday 5th January in Cape Town with a record 11,000 registered delegates from 126 countries, and 8,000 delegates attending on the first day. South Africa’s President Cyril Ramaphosa delivered a keynote address at the opening ceremony with a clarion call for collaboration between the mining industry and government, highlighting the immense potential that Africa has in being central to the global clean energy transition. “Our Just Energy Transition Investment Plan outlines a pathway to create new industries and support more livelihoods in the… Read More Here
Zambia Aims for Glencore Debt Restructuring with New Mopani Investor 6 Mining in Zambia Copper 

Zambia Aims for Glencore Debt Restructuring with New Mopani Investor

Constance
Zambia is in the process of restructuring a $1.5 billion debt owed by Mopani Copper Mines to Glencore, originating from Glencore’s acquisition of Mopani in 2021, ZCCM-Investment Holdings (ZCCM-IH) announced on Friday. A Glencore spokesperson confirmed ongoing discussions on the debt restructuring but emphasized that no final agreement had been reached. In 2022, Glencore had written down the Mopani debt to $596 million as the copper miner struggled to meet production targets due to insufficient funding. In November, Zambia selected the United Arab Emirates’ International Resources Holdings (IRH) as the… Read More Here
Zambia's Mines Ministry Plans Extensive Geological Mapping for Mineral Assessment 7 Mining in Zambia Exploration 

Zambia’s Mines Ministry Plans Extensive Geological Mapping for Mineral Assessment

Constance
Permanent Secretary of Zambia’s Ministry of Mines and Minerals Development Hapenga Kabeta, recently disclosed plans to commence geological mapping across the country to determine its mineralization. In an interview, Dr. Kabeta outlined the division of the nation into four zones, marking the preparation for this extensive exercise. “We have to find out what minerals are there in the country, where they are, and in what quantities. This year we are starting the exercise of mapping the country, and we have divided it into four zones. I’m confident the exercise will… Read More Here
𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗠𝗣𝗘𝗧𝗜𝗧𝗜𝗢𝗡 𝗔𝗨𝗧𝗛𝗢𝗥𝗜𝗧𝗬 𝗔𝗣𝗣𝗥𝗢𝗩𝗘𝗦 𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗧𝗔𝗞𝗘 𝗢𝗩𝗘𝗥 𝗕𝗬 𝗠𝗠𝗚 𝗚𝗥𝗢𝗨𝗣 8 International Copper 

𝗕𝗢𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗠𝗣𝗘𝗧𝗜𝗧𝗜𝗢𝗡 𝗔𝗨𝗧𝗛𝗢𝗥𝗜𝗧𝗬 𝗔𝗣𝗣𝗥𝗢𝗩𝗘𝗦 𝗞𝗛𝗢𝗘𝗠𝗔𝗖𝗔𝗨 𝗧𝗔𝗞𝗘 𝗢𝗩𝗘𝗥 𝗕𝗬 𝗠𝗠𝗚 𝗚𝗥𝗢𝗨𝗣

Constance
Botswana Competition & Consumer Authority (CCA) has given green light to the take over of Khoemacau Copper Mining by Chinese global miner MMG Limited. In a merger notice to the market this week the authority said after all the necessary assessments it is all systems go from their end. The Competition Authority screens a proposed transaction and looks into the acquiring enterprise and the target company aswell as the relevant markets, competitive analysis and public interest. The Acquiring Enterprise, AcquireCo, is a company incorporated in accordance with the Laws of… Read More Here
BRICS: South Africa announces five new confirmations 9 International Economy 

BRICS: South Africa announces five new confirmations

Constance
Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have officially confirmed their participation in the BRICS bloc after receiving invitations last year, according to South Africa’s Foreign Minister Naledi Pandor. These five nations, along with Argentina, were invited to join the bloc during a summit in August held in Johannesburg, joining the existing BRICS members—Brazil, Russia, China, India, and South Africa, Reuters reported. However, Argentina has officially declined the invitation to join the BRICS bloc, as President Javier Milei, who assumed office, reversed his predecessor’s membership bid. “With… Read More Here
FQM to sell 120,000 tons of copper in Panama mine 10 Copper International 

FQM to sell 120,000 tons of copper in Panama mine

Constance
Canadian miner First Quantum Minerals said on Monday it intends to sell the 120,000 tons of copper concentrate stored near the Punta Rincon port. First Quantum’s Panama unit said in a statement that due to the lack of options available to finance the essential activities of preservation and safe operations, selling the copper concentrate is the best alternative to generate resources to cover the costs. In December, the Panama government ordered the shutdown of First Quantum’s Cobre Panama mine after protests erupted across the country against the mine. Since then,… Read More Here

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