Mining News Zambia

26/04/2024

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19/04/2024

Have you checked out the latest edition of Zambian Mining Magazine?

Dive into the March/April 2024 issue packed with insightful articles, expert analysis, and updates on the Zambian mining landscape.

From industry trends to exclusive interviews, this edition has it all! Don't miss out on valuable insights that could shape your strategies and decisions in the mining sector.

Grab your FREE copy now and stay ahead of the curve: https://tinyurl.com/36m5sa94

Happy reading!

18/04/2024

Are you seeking to broaden your business's reach within the mining industry?

Mining News Zambia offers a prime platform to connect with key stakeholders in the sector.

With our magazine's wide circulation and active readership, advertising with us ensures unparalleled exposure for your business. Whether you specialise in cutting-edge technology, essential services, or innovative solutions, our platform provides an ideal showcase for your offerings.

Don't miss this opportunity to enhance your brand and expand within the mining community. Contact us today to explore our advertising options tailored to your needs.

15/04/2024

ARSP has inked a new deal with Tenke Fungurume Mining, ensuring increased Congolese participation in the project's value chain. 🌍

This collaboration with CMOC Group signifies a significant step towards economic development in the region.

Read more: https://tinyurl.com/2ynba8vf

The Congolese Regulatory Authority for Subcontracting in the Private Sector (ARSP) has announced a new agreement with China’s CMOC Group, the majority shareholder at the world’s second largest cobalt mine, Tenke Fungurume Mining (TFM), to ensure more Congolese participation in the value chain of...

02/04/2024

Are you a business looking to reach a wider audience in the mining industry? Look no further! Zambian Mining Magazine is your gateway to connect with key players in the sector.

With our magazine's extensive reach and engaged readership, advertising with us guarantees maximum exposure for your business. Whether you offer cutting-edge technology, essential services, or innovative solutions, our platform provides the perfect space to showcase what you have to offer.

Don't miss out on this chance to elevate your brand and drive growth in the mining community. Reach out to us today to learn more about our advertising opportunities and how we can tailor them to suit your specific needs.

Let's work together to make your business shine! 💼💡

01/04/2024

Berlin gears up for the 17th Mining Forum on June 6th-7th, uniting global experts to discuss sustainable transformation in the raw materials sector. Hosted under the theme "For a Sustainable Future," this bi-annual event offers a platform for knowledge exchange, featuring discussions on digitalisation, social responsibility, and innovative mining technologies.

With support from the Federal Ministry for Economic Affairs and Climate Action (BMWK) and the Federation of German Industry (BDI), the forum promises insights into current trends and challenges in mining. Don't miss this opportunity to network, collaborate, and shape the future of mining!

Learn more here: https://tinyurl.com/4z3znxxs

With sustainability discussion topping most agenda in different sectors, another international mining forum is expected to discuss sustainable transformation of the raw materials in the mining sector. Slated for the 6th and 7th of June, the 17th Mining Forum in Berlin is expected to bring together e...

25/03/2024

With the potential to become Zambia's largest copper mine, Lubambe is a coveted asset in the race towards a greener future. Copper's role in renewable energy technologies is driving the UAE's interest, as it seeks to diversify its economy away from oil dependency. 💡

Read more here: https://tinyurl.com/3j29svbv

Dubai’s International Holding Company (IHC), the emirate’s reigning corporate titan, has set its sights on Zambia’s prized Lubambe Copper Mine, throwing a wrench into a deal already clinched by China’s JCHX Mining. Industry insiders are abuzz with talk of a potential bidding war, with Zambia...

22/03/2024

Grizzly Mining's recent international emerald auction in Dubai has been a resounding success, achieving an impressive US$19 million in sales. Explore the allure of Zambia's premier emeralds as Grizzly unveils its latest offerings from the renowned Grizzly mine.

For a comprehensive look at the auction's standout moments, read the full article here: https://tinyurl.com/2p94scy9

Grizzly Mining’s latest international emerald auction held in Dubai has generated strong sales of US$19 million. The auction saw the Company offer its latest medium- to high-grade rough emeralds from their flagship Grizzly emerald mine in Zambia. With 76 clients in attendance from Europe, Asia, an...

20/03/2024

Are you a business looking to reach a wider audience in the mining industry? Look no further! Zambian Mining Magazine is your gateway to connect with key players in the sector.

With our magazine's extensive reach and engaged readership, advertising with us guarantees maximum exposure for your business. Whether you offer cutting-edge technology, essential services, or innovative solutions, our platform provides the perfect space to showcase what you have to offer.

Don't miss out on this chance to elevate your brand and drive growth in the mining community. Reach out to us today to learn more about our advertising opportunities and how we can tailor them to suit your specific needs.

Let's work together to make your business shine! 💼💡

19/03/2024

Discover how the S3 expansion will extend Kansanshi's mine life, boost copper production to over 200,000 tonnes annually, and drive economic development in Zambia. 💰🌍

Read more about this exciting development here: https://tinyurl.com/3zrs7bx8 👷‍♂️✨

First Quantum Minerals Chief Executive, Tristan Pascall, has been on the ground at Kansanshi to inspect the progress the company is making with its S3 expansion project. Of a total investment commitment of US$1.25 billion, the majority of this is being spent this year to ensure the entire project is...

18/03/2024

Are you seeking to broaden your business's reach within the mining industry?

Mining News Zambia offers a prime platform to connect with key stakeholders in the sector.

With our magazine's wide circulation and active readership, advertising with us ensures unparalleled exposure for your business. Whether you specialise in cutting-edge technology, essential services, or innovative solutions, our platform provides an ideal showcase for your offerings.

Don't miss this opportunity to enhance your brand and expand within the mining community. Contact us today to explore our advertising options tailored to your needs.

15/03/2024

First Quantum Minerals (FQM) is attracting interest in its Zambian copper operations, with multiple parties expressing interest in a minority stake!

This development highlights the significance of FQM's Zambian assets, particularly the Sentinel and Kansanshi mines. As FQM seeks to bolster its finances post-Panama mine closure, potential partnerships could pave the way for future growth and collaboration.

Read more about this promising development here: https://tinyurl.com/bdd5stj9

Canadian mining giant First Quantum Minerals (FQM) has received expressions of interest from multiple parties seeking a minority stake in its Zambian copper operations, according to a recent Bloomberg report. This development comes as FQM seeks to bolster its finances following the closure of its fl...

12/03/2024

Have you checked out the latest edition of Zambian Mining Magazine?

Dive into the January/February 2024 issue packed with insightful articles, expert analysis, and updates on the Zambian mining landscape.

From industry trends to exclusive interviews, this edition has it all! Don't miss out on valuable insights that could shape your strategies and decisions in the mining sector.

Grab your FREE copy now and stay ahead of the curve:https://www.miningnewszambia.com/wp-content/uploads/2024/02/Zambian-Mining-Magazine-Slightly-Increased-Resoluion.pdf

Happy reading!

11/03/2024

Stay ahead of the curve with exclusive insights delivered straight to your inbox!

Subscribe to our newsletter today and never miss a beat in the dynamic world of mining. From industry trends to expert analysis, get the latest updates right at your fingertips.

Don't wait, sign up now to join our community of informed professionals!

11/03/2024

Vedanta Resources, the Indian mining giant, has reclaimed control of Konkola Copper Mines (KCM) in Zambia after a landmark $1.4 billion deal. Led by billionaire Anil Agarwal, Vedanta's acquisition of a 79.4% stake signals a significant milestone in Zambia's mining landscape.

The agreement, finalised on October 23rd, 2023, follows a tumultuous four-year saga and sets the stage for KCM's revival. Vedanta plans to invest $1 billion in mine expansion and modernization, emphasizing environmental stewardship and community development initiatives.

While the deal holds promise for Zambia's copper industry, challenges remain. Rebuilding trust, addressing environmental concerns, and navigating a volatile market are key priorities for Vedanta's success.

Read more about this transformative deal and its implications for Zambia's mining sector here: https://www.miningnewszambia.com/vedanta-secures-konkola-copper-mines-after-1-4-billion-deal-with-zambia/

After a tumultuous four-year saga, Vedanta Resources, the Indian mining giant, has finally regained control of the Konkola Copper Mines (KCM) in Zambia. The long-awaited agreement, sealed on October 23rd, 2023, marks a significant development in the copper-rich African nation’s mining landscape. T...

08/03/2024

Barrick is gearing up to revolutionize Zambia's copper industry with a massive investment of nearly US$2 billion in the Lumwana mine expansion project! Set to increase annual copper production to an estimated 240,000 tonnes, this transformational initiative marks a significant milestone in elevating Lumwana to the forefront of global copper producers.

Barrick's commitment extends beyond production targets, with a focus on sustainable value creation and community development. President and Chief Executive Mark Bristow's vision aligns with Zambia's goal of revitalizing its copper industry, emphasizing partnerships and shared prosperity.

Join us in celebrating this groundbreaking venture that not only promises economic growth but also underscores Barrick's dedication to local empowerment and technological innovation. Read more about this game-changing development here: https://www.miningnewszambia.com/barrick-to-increase-lumwana-mines-annual-production-to-an-estimated-240-000-t-of-copper

Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine’s annual production to an estimated 240 000 t of copper, from a 50 million tpy process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front-rank of copper ...

08/03/2024

Are you a business looking to reach a wider audience in the mining industry? Look no further! Zambian Mining Magazine is your gateway to connect with key players in the sector.

With our magazine's extensive reach and engaged readership, advertising with us guarantees maximum exposure for your business. Whether you offer cutting-edge technology, essential services, or innovative solutions, our platform provides the perfect space to showcase what you have to offer.

Don't miss out on this chance to elevate your brand and drive growth in the mining community. Reach out to us today to learn more about our advertising opportunities and how we can tailor them to suit your specific needs.

Let's work together to make your business shine!

07/03/2024

According to the Zambia Extractive Industry Transparency Initiative (ZEITI) report, First Quantum Minerals (FQM) emerged as a key contributor to government revenue in 2019. Their subsidiaries, Kansanshi Mining Plc and Kalumbila Minerals Ltd, made significant tax payouts, representing a combined total of K5.7 billion and K2.6 billion, respectively.

FQM's total contribution of K9.347 billion accounted for a whopping 51% of the sector's total revenue, showcasing their commitment to transparency and accountability. General Kingsley Chinkuli, FQM Zambia Country Manager, emphasized the company's dedication to open dialogue and sustainable practices, highlighting their essential role in the country's economy.

Discover more about FQM's impactful contributions and the extractive sector's influence on Zambia's economy in the full article: https://www.miningnewszambia.com/high-royalties-and-tax-payout-for-kansanshi-kalumbila

The latest Zambia Extractive Industry Transparency Initiative (ZEITI) report has indicated that First Quantum Minerals (FQM) contributed the majority of government revenue generated from the extractive sector in 2019. According to the report, the mining giant’s two subsidiaries – Kansanshi Minin...

06/03/2024

Trafigura and Kamoa-Kakula have inked long-term commitments to utilise the Lobito Atlantic Railway, marking a historic moment in import-export trade routes. With Trafigura securing up to 450,000 tonnes of export capacity annually from 2025 and Kamoa-Kakula's commitment, this partnership sets the stage for a significant boost in mineral transportation efficiency and sustainability.

The Lobito Atlantic Railway, set to reach an annual export capacity of one million tonnes by the end of the decade, promises not only enhanced logistics but also a lower-carbon footprint. This initiative is poised to revolutionize the transport of vital metals crucial for the energy transition. Join the ranks of industry leaders like Trafigura and Kamoa-Kakula in embracing this innovative corridor that's reshaping sub-Saharan Africa's rail transport landscape. Read more here: https://www.miningnewszambia.com/trafigura-and-kamoa-kakula-sign-agreements-to-become-first-customers-of-the-lobito-atlantic-railway

Trafigura and Kamoa-Kakula have today agreed long-term commitments to transport minerals via the Lobito Atlantic Railway for a minimum term of six years. The terms of the Reserved Capacity Agreements were signed during the Mining Indaba in Cape Town, South Africa and mark the first long-term commerc...

06/03/2024

Kibali, Africa's largest gold mine, and ARSP, the regulatory body overseeing subcontracting in the DRC, are teaming up to boost local content initiatives. This collaboration aims to further increase the mine's utilization of Congolese contractors and suppliers, aligning with Barrick's global policy of supporting local businesses and employing host country nationals.

Since 2009, Kibali has already invested over $2.6 billion with local suppliers and boasts a workforce where 95% are Congolese nationals, including the general manager. Miguel Kashal Katemb, CEO of ARSP, commends Kibali's efforts, urging them to continue their impactful contributions to the local and wider Congolese economy.

Read more here: https://www.miningnewszambia.com/kibali-drc-partner-to-promote-local-content

Africa’s largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traisance dans le Secteur Prive (ARSP), the body which oversees the DRC’s sub-contracting sector, have agreed to collaborate on a range of local content initiatives. The partnership has been designed to increase the mi...

05/03/2024

FQM, Zambia's top taxpayer, is fully backing the Export Transparency Initiative. This initiative, led by the Bank of Zambia, enhances transparency in tracking foreign exchange earnings from exports.

By linking export records with Zambian bank accounts, it ensures clarity and accountability. FQM's support underscores their commitment to responsible business practices.

Read more about this game-changing initiative here: https://www.miningnewszambia.com/fqm-backs-zambias-export-transparency-initiative-2

First Quantum Minerals (FQM), Zambia’s leading taxpayer, has expressed strong support for the Bank of Zambia’s Export Proceeds Tracking Framework. This initiative aims to ensure transparency in tracking foreign exchange earned from exports through local bank accounts. Implemented in January 2024...

23/02/2024

The Africa Centre of the Atlantic Council unveils a groundbreaking initiative dedicated to critical minerals in Africa! 🚀 With 30% of the world's reserves, Africa plays a pivotal role in global supply chains, from electric vehicles to medical scanners.

The inaugural phase kicks off with a twelve-person task force, representing stakeholders from the US, Europe, and Africa, aiming to enhance Africa's involvement and catalyse private sector engagement. Supported by the Aiteo Group, this program underscores the need to invest in local value chains and create jobs within the continent's mining industry.

Read more about this revolutionary initiative: https://www.miningnewszambia.com/atlantic-councils-africa-centre-unveils-revolutionary-critical-minerals-initiative-at-mining-indaba

The Africa Centre of the Atlantic Council is embarking on an innovative three-year programme dedicated to critical minerals in Africa. With Africa housing 30% of the world’s critical-mineral reserves, the continent assumes a pivotal role in twenty-first-century supply chains, especially for electr...

22/02/2024

Zambia is shaking up its mining sector with bold new moves! President Hakainde Hichilema's push for larger equity stakes for the state in mining projects is making waves at the recent Mining Indaba in Cape Town. This shift aims for a win-win situation, ensuring Zambia gets a fair share of its resource wealth while fostering social impact and development. 🚀💼

Read the full article to learn how Zambia's strategy of negotiating for bigger bites in mining deals could reshape the industry and benefit local communities: https://www.miningnewszambia.com/zambia-aims-for-bigger-bite-in-mining-deals-negotiating-for-equity-and-social-impact/

Cape Town, South Africa -The winds of change are blowing through Zambia’s mining sector. President Hakainde Hichilema, elected in 2021 on a platform of economic revival, is setting his sights on a bigger prize: securing larger equity stakes for the state in new mining projects. This move, announce...