Zambia has officially joined the Central Corridor Transit Transport Facilitation Agency (CCTTFA) in a strategic move aimed at enhancing regional trade and connectivity. This decision is expected to improve Zambia’s access to key seaports and strengthen its trade links with neighboring countries. By becoming a member of the CCTTFA, ZambiaContinue Reading
The demand for metals such as copper, which are essential for electric vehicles (EVs), remains robust despite concerns over a slowdown in EV sales, according to Tom Mackay, head of refined metals at commodity trader IXM. He noted that accurately forecasting demand is challenging as the market continues to evolve.Continue Reading
The Democratic Republic of Congo (DRC) is strategically positioned to capitalize on a 34% increase in tin prices in 2024, largely driven by heightened production from Alphamin Resources. The mining company reported a 28% rise in output, achieving 12,087 tonnes in the first nine months of the year, according toContinue Reading
UK-based mining exploration company First Africa Metals has announced that rock chip sampling has confirmed the presence of exceptionally high-grade lithium-bearing pegmatites at its Misika project in Zambia’s Southern Province. Independent laboratory analysis and X-ray diffraction (XRD) data indicate that outcropping pegmatites from existing shallow artisanal open pits contain spodumene,Continue Reading
Zambia has signed a cooperation agreement with the Arab Bank for Economic Development in Africa (BADEA), securing a $50 million investment for the construction of the Kalabo-Sikongo-Angola Border Road in Western Province. The agreement was formalized in Riyadh, Saudi Arabia, by Zambia’s Minister of Finance and National Planning, Dr. SitumbekoContinue Reading
Zambia’s Minister of Mines and Minerals Development, Hon. Paul Kabuswe, MP, recently announced that the country’s mining sector has successfully attracted $12 billion in investments. Despite this impressive capital influx, the minister expressed concerns over stagnant copper production, which has remained at 750,000 metric tons. Minister Kabuswe reaffirmed the government’sContinue Reading
The world urgently requires new mines to meet the rising demand for key energy-transition metals, particularly copper, according to Dominic Barton, chairman of Rio Tinto Group. He highlighted that mergers and acquisitions (M&A) alone will not suffice to close the impending supply gap. “We can’t rely solely on inorganic growthContinue Reading
The Zambian government is gearing up for the inaugural Zambia Mining and Investment Insaka, set to take place from October 7th to 11th, 2024, in Lusaka. According to Hon. Paul Kabuswe, Minister of Mines and Minerals Development, the event is expected to be one of the largest global mining gatherings.Continue Reading
Kansanshi Mining, a subsidiary of First Quantum Minerals (FQM), reported impressive financial results for the first half of 2024, buoyed by higher copper prices and improved ore grades, despite ongoing electricity challenges in Zambia. The company achieved a net profit of $117 million, marking a significant recovery from a netContinue Reading
The Ministry of Commerce, Trade and Industry (MCTI) has signed a Memorandum of Understanding (MoU) with the National Quality Institutions (NQI) to implement the Lobito Corridor Trade Facilitation Project, backed by an $8.1 million grant from the African Development Bank. This initiative aims to improve both domestic and cross-border tradeContinue Reading
