Latest mining news in zambia

Jan 24, 2024 · The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. The entities involved comprise China’s Zijin Mining, South Africa’s Sibanye Stillwater, China-based Norinco Group and an investment vehicle owned by ex-Glencore officials. 6% will be held by the state-owned Zambia Consolidated Copper Mines May 31, 2023 · Zambia's government on Wednesday ordered mining company Mwembeshi Resources Ltd to immediately halt all activities on the $494 million copper project it is developing in the Lower Zambezi National Dec 15, 2022 · US-based artificial intelligence exploration firm KoBold Metals has reportedly pledged a $150m investment to own, explore, and develop the Mingomba copper-cobalt mine in Zambia. Some sectors covered by ZambiaInvest news include agriculture, banking and finance, construction and real estate, economy, energy and mining, industry and trade, telecommunications, tourism, and transportation. KoBold Metals, an AI-powered mineral exploration company backed by billionaires Bill Gates and Jeff Bezos, is planning to commission the Mingomba copper and cobalt mine in Zambia within ten years, reported Reuters. Zambia generates most of its electricity from hydropower, but output has taken a hit in recent months as ongoing droughts – the worst the MINING ECONOMY. May 8, 2024 · News cover the leading economic sectors in Zambia and the sectors showing signs of enormous growth potential. Analysts anticipate that mining investors will flock to Zambia, still one of the biggest copper producers globally, especially since President Hakainde Hichilema came into office in August 2021 and announced a range of incentives, such as a sliding royalty rate for mines, to lure back investors. His presence – the second official Zambian presidential visit to the prestigious event – marks a monumental shift in the nation’s mining narrative, one Current and comprehensive mining and industrial, market data and investing news in Zambia. zamobserver - July 4, 2024 0. Dec 7, 2023 · Credit: Waldo Swiegers/Bloomberg via Getty Images. First Quantum Minerals. Rescue workers have managed to pull the first known survivor out of an open-pit copper mine in Zambia after a mudslide trapped at least 38 people on 1 December. News. Galileo’s exploration data for the Star Zinc Project will also be Feb 9, 2024 · Jubilee Metals has announced plans to increase its copper production in Zambia to 25,000 tonnes (t) annually. The company is now seeking to offload a portion of its Zambian copper mines to generate around $1. Zambia's assets are mainly concentrated in its Copperbelt province, with ten mines primarily focused on copper extraction. 4 days ago · Vedanta’s control over KCM was recently reinstated after a protracted legal dispute with the Zambian Government, which had previously accused the company of inadequate investment in copper production expansion. Sulemanu Koney, President of the Ghana Chamber of Mines, emphasized the importance of WAMPOC, stating, “The conference offers an unparalleled platform for industry leaders to discuss and develop strategic initiatives that will propel the mining and power sectors forward. Hichilema, or ‘HH’ as the 5 days ago · Central to Zambia’s economic stability is its mining sector, which accounted for 17. Local. This year’s conference, aptly themed “Embracing the Power of Positive Disruption: A Bold New Future for African Mining,” promises to rewrite the script for the industry, leaving behind the old and ushering in an era of innovation, sustainability, and Dec 5, 2023 · Canadian mining giant First Quantum Minerals has signed a deal with Zambia’s Mimosa Resources to advance the joint development of the Fishtie copper project in the African nation’s Central Province. Jan 31, 2024 · The Government has established an objective to achieve the production of 3 million metric tonnes of copper by 2032 amongst other objectives in the extractive/mining industry. 1bn of private sector investment for the Zambian mining and renewable energy industries. The auction saw the Company offer its latest medium- to high-grade rough emeralds from their flagship Grizzly emerald mine in Zambia. 4 billion. (Bloomberg) — KoBold Metals, a mining startup that uses artificial intelligence to explore for materials key to the green-energy transition, said it’s discovered a huge copper deposit in Zambia. Jun 20, 2023 · Four companies have been shortlisted to acquire the Mopani Copper Mines (MCM) in Zambia, reported Reuters, citing two sources. According to Mining Africa Year Book latest updates the mining licence was granted for an initial 25-year period. Kalumbila, North-Western Province, Zambia 4 weeks ago. This is an increase of $223. “There is a great amount of optimism and belief in the stability of the country Nov 9, 2023 · 2 weeks ago. Jan 23, 2024 · Seven miners, including two Chinese nationals, have been trapped in a flooded mine in Zambia's Copperbelt province since Monday. Jan 8, 2023 · In 2012, the costs of goods and services consumed “upstream” by the Zambian mining sector was valued at US$2. The price of copper has Apr 5, 2024 · Zambia’s copper output could rise to around one million tonnes (mt) a year by 2026 as investment in expanding production at mines continues to add to capacity, the nation’s finance minister, Situmbeko Musokotwane, said on Friday. Copper production is a key component of Zambia’s economy, but it has been gradually declining in the nation Jul 19, 2021 · A review of Zambia’s Gemstone Mining sector. Today we break ground on the FQM Enterprise Nickel Project. 2 million tonnes to annual copper production within a matter of years. But Banda's older brother coaxed him Jan 16, 2024 · Get ready for a seismic shift in African mining, as Mining Indaba 2024 prepares to rock Cape Town, South Africa, from February 5th to 8th. This development comes as FQM seeks to bolster its finances following the closure of its flagship mine in Panama. The Mingomba deposit could represent the most significant Zambian copper discovery in a century. Today’s top 72 Mining jobs in Zambia. Our economic diplomacy is bearing fruit. 4,195 Less than a minute. Zambia Home Affairs Minister Steven Kapyongo said that the Chinese nationals were arrested on this weekend after a probe operation was carried out in the mining area. Work on $2 billion Kalumbila minerals, a subsidiary of Toronto listed miner, First Quantum Minerals Limited, situated in Solwezi, is progressing well with the miner seeking to connect to the national grid by December this year. May 8, 2024. While current operations have potential to increase production by around 400,000 extra tonnes a year – subject to investments in the Dec 1, 2023 · By Timothy Kaumba, 1st December 2023. Latest news on Zambia, including politics, the Zambian economy, and Zambian culture, plus analysis and commentary on issues that matter in Zambia. In this Monday Opinion, I draw your attention to the topic of Zambia’s gemstone mining sector. Prospect Resources Limited (PSC: ASX, 5E8:FRA) has announced the completion of a deal with Orpheus Uranium Limited (ASX: ORP) following. KCM, the country’s largest integrated copper producer, has reserves and resources of 16 million tonnes of contained copper. Brand new to Mining Indaba 2023 is the launch of the three-day InfraTech content platform. The remaining 20. Mar 12, 2021 · Glory Mushinge. 2m loss at the state-owned mine. Marit Kitaw and Kwasi Ampofo are now part of the Mining Indaba 2025 advisory board and committee members. The venture, known as Kashime Copper, was first announced in 2012, as First Quantum eyed up the 500,000 tonnes (t) of copper present in the The White House is calling for responsible mining practices in the Democratic Republic of the Congo and Zambia to support Oliver Masunda May 13, 2024 May 13, 2024 MACLEAN ADDS ML5 MULTI-LIFT TO ITS MINE-MATE UTILITY VEHICLE PRODUCT LINE Nov 21, 2014 · Blackthorn Resources Limited has been granted a large-scale mining licence for the company’s flagship Kitumba copper project in Zambia. 5%. Construction is set to begin towards Zambia Mine Safety focuses on mining and safety while giving a brief insight and the latest news into other resources sectors, offering in-depth analysis stories in Zambia. From the governmental corridors of Lusaka to the rich mineral mines of the Copperbelt Province, and from the majestic Victoria Falls to the vibrant traditions of the Lozi Feb 9, 2024 · Excavation and exploration plans are set for Q2 CY2024. The Company’s Success has been as a result of its Focused approach to improvement and the mutually beneficial relationships enjoyed with stakeholders-an important sector of which is its employees. The Waste Rock Project aims to produce 24,000 tonnes of copper units per year, with a targeted completion date of Feb 27, 2024 · Zambia, a nation synonymous with copper, shimmers with the promise of vast mineral wealth. 8m on the previous year’s $74. 5 billion annually. Mar 14, 2024 · 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. 35bn earlier this year and officially breaking ground at the new Enterprise Nickel Mine, First Quantum Minerals has proven to be among the investors that have found renewed confidence in Zambia’s business climate. This expansion encompasses both augmenting Jubilee’s copper resource base and …. It helps us diversify away from copper Currently, India has a limited presence in Zambia’s copper mining sector. Credit: Łukasz Klepaczewski from Pixabay. The move is expected to significantly bolster Jubilee’s position in the region’s copper industry. “The soul of Zambia is right here in the Copperbelt. Zambia, Africa’s top copper producer, in its quest to diversify from traditional production. Chambishi Copper Smelter has presently invested US$140 million to undertake the Dec 8, 2023 · The deal inked under the latest Kashime Development Agreement is envisaged to commence as early as 2026, ramping up to a maximum production of 30 000 tonnes of copper a year by the end of this decade. Feb 5, 2024 · Bill Gates Photographer: Hollie Adams/Bloomberg Photo by Hollie Adams / Bloomberg. Expected to entail an investment of nearly $2bn, the project is said to elevate Lumwana to the ranks of the world’s leading copper mines, once operational. Feb 15, 2024 · The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. Zambian copper miner Mopani has revealed its annual financial statements, posting a loss of $298m (K5. Dec 3, 2023 · A ZNBC news crew, on-site yesterday, reported that the rescue team is diligently pumping water from underground pits where the miners are believed to be trapped. We provide in-depth coverage of mining projects and the personalities reshaping the mining industry in the country. GOVERNMENT has halted mining operations at Seseli open pit mine in Chingola where a number of illegal miners are believed to have been buried live. About 300 jobs are expected to be created by the end of this year at the Jifumpa mine, formerly Kalengwa, which is located about 96 kilometres from Kasempa Boma and has a lifespan of 15 years. According to Kapyongo, the Chinese Sep 26, 2023 · Credit: Alexa via Pixabay. Declining quality . LUSAKA, June 7 (Reuters) - Zambia's Konkola Copper Mines (KCM) will appoint an adviser to help it find an equity investor willing to fund the mine's expansion, its provisional liquidator said on Tuesday. 5% of the country’s GDP and over 70% of foreign exchange earnings in 2021. Lowering mining energy tariffs would further help to restore the competitiveness of Zambia’s copper exports, and Zambia’s Chamber of Mines has been arguing for this too. Recent Posts. The exploration undertaken since last year has seen 52 potential mineral rich Sep 5, 2016 · A Chinese firm, Ruida Investment Limited, is expected to invest US$20 million to revamp operations at Jifumpa old mine in Kasempa to start copper production. Aug 10, 2023 · Founded by current Chair, Abdoulaye Ndiaye, in 1997, Grizzly Mining has been producing high-quality emeralds and beryl for the international gemstone market for over 25 years from its 100 percent owned flagship Grizzly mine in Lufwunyama region in the Copper-belt province of northern Zambia. “It’s a win-win situation,” explains Mwale. This news comes on the heels of warnings issued by Zesco to mining companies about potential power fluctuations. Dr. 5 billion in debt is still pending. Lee Muzala July 26, 2022. Dec 5, 2023 · 5 Dec 2023. 5bn in 2021. Jan 26, 2023 · The future of African mining will take centre stage as industry experts delve into the latest technology developments that contribute to building and delivering mines of the future, today. According to Mining Indaba, the committee members, with their diverse … Read More » 5 days ago · African Copperbelt's Top Mining News. From the governmental corridors of Lusaka to the rich mineral mines of the Copperbelt Province, and from the majestic Victoria Falls to the vibrant traditions of the Lozi people in Western Zambia Dec 14, 2022 · California-based exploration firm KoBold Metals, which uses artificial intelligence and machine learning to identify battery metal deposits, is investing $150 million to develop a copper mine in Jan 24, 2024 · Barrick Gold has fast-tracked the Super Pit expansion project at its Lumwana copper mine in Zambia, with the first production now anticipated in 2028. Jubilee secured one of Zambia’s largest copper waste rock assets, with a minimum of 260 million tonnes identified. Credit: Mr. ”. The US-based start-up wants to earn a 75% stake in the Dumbwa target, which it could achieve by Jun 24, 2014 · Evans Mumba June 24, 2014 News, Projects Comments Off 5,123 Views. Mines Minister Paul Kabuswe says government will only provide a comprehensive statement on the incident once the bodies of the victims are retrieved. Surface sampling shows promising copper grades above 1. Former gangster and bank robber Gayton McKenzie, who transformed into a nightclub owner and opposition politician, has now been appointed as South Africa’s minister Advertisment. of the red metal, has mapped and identified over 50 percent of the mineral potential areas, local media reported. The expansion strategy involves enhancing the company’s copper resource base and processing capabilities. Lundin Mining is weighing the potential sale of its Zinkgruvan and Neves-Corvo zinc mines in Sweden and Portugal, respectively, reported…. The mine, lying 140 kilometres west of Solwezi Sep 28, 2020 · The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. Jun 7, 2022 · Kitco News. Feb 22, 2024 · The report identified a two-tiered solution through which Zambia can use its competitive advantage in copper to develop nascent industries, such as manufacturing, and move up the global value chain. 4th July 2024 By: Marleny Arnoldi. Tracking Zimbabwe's mineral resources, investments, regulations, industry trends, innovation, market analysis Nov 28, 2023 · First Quantum Minerals (FQM) recently handed over 13 houses to resettled families in the latest phase of its industry-leading project to leave a positive legacy at its former Bwana Mkubwa mine in Ndola. The company aims to produce over 300,000 metric tons of copper annually at the Mingomba site, potentially making …. FQM and Mimosa first Jan 17, 2014 · Evans Mumba January 17, 2014 News Comments Off 3,998 Views. Zambia's previous government put KCM into the hands of a liquidator in May 2019, triggering an ongoing legal dispute with Vedanta Jun 30, 2023 · Alex Donaldson June 30, 2023. 3 billion to develop a significant copper mine in Zambia, according to President Hakainde Hichilema, who cited company figures. In 2013, Zambia was the sixth largest producer of copper where the mining industry in Zambia intrigued investment opportunities in Zambia of almost USD 8 billion. However, the payment of $1 and $1. The development comes on the backdrop of raising a total investment of US$200 million led by local company Mimosa Resources. Further to that, he expressed the government’s desire for a swift resolution regarding Konkola Copper Mines. Apr 17, 2023 · The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. San Francisco Bay Area-based KoBold, whose shareholders include Mar 22, 2024 · Mopani Copper Mines, a cornerstone of Zambia’s mining industry, took center stage as President Hakainde Hichilema officially unveiled its new strategic equity partner, International Resources . The workers were buried in three separate tunnels while digging for copper ore at the Seseli site without a permit. The company is strategically pursuing a significant expansion to achieve an initial target of 25,000 tonnes of copper per annum. Jan 19, 2021 · Matthew Hall January 19, 2021. 5bn. Mar 12, 2024 · The Chambishi Copper Smelter in Zambia, owned by China Nonferrous Metal Mining Corp (CNMC), has cut one-fifth of its production as it grapples with the fallout from power shortages across the country. This year’s focus on investment, sustainability, and innovation Mar 30, 2021 · Galileo Resources, based in the United Kingdom, has agreed to sell the Star zinc project to Siege Mining, a Zambian company. Facebook 197A Ferngrove, Off Industrial Ring Road Lusaka, Zambia Gayton McKenzie, the gangster turned Sports Minister in South Africa. CAREER OPPORTUNITY – ARTISAN INSTRUMENTATION Mopani Copper Mines PLC has operations in Mufulira and Kitwe on the Copperbelt Province in Zambia. Mastercard sponsor AFSIC – Investing in Africa to prop up Africa’s SMEs. The California-based exploration company plans to invest roughly $150m to accelerate exploration work at Jul 26, 2022 · Zambia launches Africa’s largest nickel mine. “We’ve signed non Feb 6, 2024 · February 6, 2024. This classification unlocks a series of incentives for mining companies, streamlining the licensing process and offering tax breaks. While details on the import quantities and sources are yet to Lusaka Times is Zambia's leading online news site, providing up-to-date coverage on local and international events, sports, and more. Zambia’s new Government has big plans for the mining sector, with President Hichilema hoping to see the country add some 1. The Kitumba Project is located in west-central Zambia, about 200km northwest of the capital Dec 14, 2022 · The mine development would be a major win for Zambia’s President Hakainde Hichilema, who has set an ambitious copper production target of 3 million tonnes a year by 2032, from around 850,000 Feb 5, 2014 · The company says it is committed to increase the smelter capacity and meet Zambia’s demands hence the decision to invest US$220 million in the copper smelting process by the end of 2014, its spokesperson, Daniel Mikandu said in a statement to Zambian Mining news. Spending more of that domestically would have a much wider Apr 10, 2024 · The bill does this by designating Zambia’s mineral wealth, including copper, cobalt, lithium, and even emeralds, as “strategic minerals. Copper, the country’s main About our Zambia news. Exploration. Industry body the Minerals Council South Africa says mining Feb 20, 2024 · Canadian miner First Quantum Minerals Ltd (FQM) is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an Feb 5, 2024 · KoBold still plans to have the $2 billion underground copper mine in Zambia built within the decade, with first production in the early 2030s, but it needs to update resource estimate and complete Jan 23, 2024 · Cape Town braces for a keynote jolt of Zambian optimism as His Excellency Hakainde Hichilema, President of the Republic of Zambia, prepares to electrify Mining Indaba 2024 on February 6th. Zambia’s copper output already dipped in 2023, and further disruptions could strain global supplies of the metal, used extensively in construction and power generation. Ford, in a statement released by the British High Commission in Zambia during her visit to the country, said that Apr 25, 2022 · April 25, 2022. Mining and metals company First Quantum Minerals (FQM) and Mimosa Resources (Mimosa) have signed a revised Kashime Development Agreement, which is a joint commitment to fast-track Lundin Mining explores sale of Sweden and Portugal zinc mines. Jul 4, 2023 · The sale of Mopani Copper Mines comes after country’s majority state-owned ZCCM Investments Holdings agreed in January 2021 to purchase the mine from Glencore. In February 2023, Zambian Mines Minister The Malawi music icon who became a ‘soldier for the poor’. Zambia’s copper production in 2023 stood at 698,000 tonnes (t). Ownership and management of Konkola Copper Mines (KCM) has been returned to Vedanta Resources, a historic decision by the government. Mar 22, 2024 · Grizzly Mining’s latest international emerald auction held in Dubai has generated strong sales of US$19 million. This phenomenon, plaguing resource-rich nations, sees them trapped in a cycle of exporting raw materials while Feb 8, 2024 · Xtract confirms new licences in Zambia show promising copper potential. 03/12/2021. The mining exploration company backed by Bill Gates, KoBold Metals, plans to invest $2. Nov 25, 2022 · Zambia is Africa’s second-largest copper producer and the world’s seventh-largest, producing 800 696 tonnes of copper, as well as 247 tonnes of cobalt last year. Guest Diggers. With 76 clients in attendance from Europe, Asia, and Africa, the highlight of auction saw a Feb 5, 2024 · A mining start-up backed by Bill Gates and Jeff Bezos said it had discovered a vast copper deposit in Zambia, offering a potential boost to the west’s efforts to cut its reliance on China for Apr 7, 2022 · Credit: Albert Hyseni on Unsplash. Zambia has arrested 31 Chinese nationals for allegedly conducting illegal mining activities in the country’s copper belt region. Siege Mining will pay $200,000 for the large-scale exploration license and $550,000 for an interest in the mine, according to the terms of the agreement. Commodities trader and miner Glencore has announced that its subsidiary Carlisla Investments has signed an agreement with Zambian’s mining investment arm ZCCM to transfer its 90% interest in Mopani Copper Mines in a deal worth $1. Mopani Copper has posted a loss of $298m over the past year. May 8, 2024 · Prospect gains access to Zambia copper project data through the Orpheus Uranium deal. This $250m project will create 700 jobs and impact the lives of tens of thousands of local people. Credit: Zinyange Auntony/Bloomberg via Getty Images. The Zambian Cabinet has approved the establishment of a special purpose vehicle (SPV) aimed at enhancing the country’s earnings from its mineral resources, reported Reuters. 6 days ago · The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. By Webby Banda, 19th July 2021. Dec 4, 2023 · Font size: - +. 26bn). Feb 7, 2024 · Day one of the Investing in African Mining Indaba, the continent’s premier mining event, set the tone for a week of transformative discussions and bold pronouncements under the theme “Embracing the power of positive disruption: A bold new future for African mining. The deal sees Vedanta, led by billionaire Anil Agarwal, acquiring a 79. Rescue workers in Zambia were still searching on Monday for at least 25 informal miners buried alive four days ago by a mudslide at an open-pit copper mine, Mines Minister Paul Kabuswe Jun 4, 2017 · June 4, 2017. The opening ceremony and subsequent disruptive discussions painted a Jun 13, 2024 · June 13, 2024. However, despite boasting Africa’s second-largest copper reserves, the country grapples with the paradox of the “value chain curse. In September last year, Vedanta regained control of Konkola Copper Mines (KCM) after it was seized by Zambian authorities in 2019. Therefore, if you are looking for mining projects in Zambia or agreements with local mining companies. com. Jean-Jacques Purusi, the newly appointed governor of South Kivu province, has raised alarms over the presence of 147 Chinese-run mining companies operating illegally, many underground. 4% stake in KCM for a reported $1. As a child, Lucius Chiccio Banda had little interest in music - he spent his days playing football instead. Currently approximately 50% of the country is covered by existing Prospecting Licences and by applications for licences. KoBold Metals, a California-based exploration company, is looking to accelerate the development of a new high-grade copper mine in Zambia, with an estimated cost of around $2bn, according Feb 9, 2024 · A prominent player in metals processing across Africa, Jubilee, has shared the latest developments in its copper operations in Zambia. Quoting the Cabinet, the news agency said that Oct 5, 2022 · The fastest growing export markets for raw copper of Zambia between 2019 and 2020 were Singapore (US$325 million), Switzerland (US$119 million), and Namibia (US$105 million). Apr 19, 2024 · Rio Tinto and Saudi Arabia-backed Manara Minerals Investment are planning to pick stakes in First Quantum Minerals’ Zambian copper mines, Bloomberg reported. zamobserver - July 3, 2024 0. The mining legislation enacted in 1995 and. Approximately 70% of Zambia’s export earnings come from mining. According to the 2024 Parliamentary budget speech, in order to attract targeted investment and expedite mineral exploration projects across Zambia, the government plans to 2 days ago · Mining Indaba has introduced its latest advisory board members, joining the key industry players in driving transformation within the mining sector. UK-based mining company Moxico Resources is planning to expand its majority-owned Mimbula copper mine in Zambia with a $100m investment, reported Reuters citing UK Minister for Africa Vicky Ford. Aim-listed Xtract Resources has confirmed there is scope for the discovery of high-grade Kamoa-style mineralisation at depth Jul 31, 2023 · The Zambian Mining Magazine (ZMM) is a premier source of news on mining developments in Zambia's most important industry. New Mining jobs added daily. A subscription to Zambia Mining Website will help you find the right solutions. Jan 21, 2024 · Evans Mumba January 21, 2024 Features, News, Top Stories Comments Off 6,381 Views. 2bn. As part of the investment deal, KoBold agreed to pay $115m to the owners of the Lubambe Copper Mine, in which private-equity firm EMR Capital owns an 80% stake Latest News. Image credit: Wikimedia Commons. The Zambian government owns a 20 per cent stake in KCM. Tempter via Shutterstock. This follows the donation of land to LUSAKA, ZAMBIA – April 30, 2015 – One of Africa’s largest copper mining companies, Konkola Copper Mines (KCM) has joined Rural pre-school children receive uniforms April 23, 2015 Aug 13, 2023 · Mopani posted a $300mn loss last year, after Glencore sold a majority stake to ZCCM-IH, Zambia’s state mining investor, for $1. Minerals Council welcomes small input cost decrease for the mining sector in May. Leverage your professional network, and get hired. People privy to the development told the news agency that the Sentinel and Kansanshi mines are also attracting attention from Chinese companies such as Zijin Mining Group. Latest news in the mining industry, including mining, gold, coal, iron ore, platinum, silver, uranium, diversified miners. The Zambian government has taken over operations at a major copper mining company in what is seen as a move towards increasing its direct control of the key mining Aug 3, 2023 · Under the clean energy and green investment partnership, the UK will aim to generate $3. They were among staff working at the Chinese-owned Macrolink copper Feb 5, 2024 · The long-awaited agreement, sealed on October 23rd, 2023, marks a significant development in the copper-rich African nation’s mining landscape. A further $600m of funding will come in the form of UK Government-backed investments. The mining firm has also donated 10 hectares of land to the Zambian Aged People’s Association (ZAPA). Jan 9, 2023 · Having announced a colossal investment of US$1. The motivation of this undertaking resides in the fact that mining public discourse has not done much justice in reviewing its historical background, and Feb 20, 2024 · KoBold Metals, a mining venture backed by a coalition of billionaires including Bill Gates and Jeff Bezos, is expanding its presence in Zambia after signing a deal with Midnight Sun Mining to explore the Dumbwa target at the Solwezi copper project. favourable investment environment has created a high level of interest both in existing mining operations and in the exploration potential. bx pn nq us um ef le ho td sc