The Zambian government plans to retain a majority stake in select promising mining licenses identified through an ongoing mapping exercise, while inviting private investors to develop these assets through joint ventures with the state. Mines Minister Paul Kabuswe announced the creation of a special purpose vehicle (SPV) to facilitate theseContinue Reading
Musamu Resources has urged the establishment of a manganese processing plant in Zambia, emphasizing the importance of increasing local participation in the country’s mining sector. The company believes that a domestic processing facility would add value to the raw materials, creating more jobs and stimulating economic growth. In addition, MusamuContinue Reading
Zambia’s government plans to retain ownership of certain mining licenses identified as promising through an ongoing mapping exercise, while inviting private investors to develop these assets in partnership with the state. As Africa’s second-largest copper producer, Zambia aims to significantly boost copper output, with a goal of more than quadruplingContinue Reading
Battery metals explorer Patriot Lithium has entered a binding option agreement to acquire an 80% stake in Zambia’s Katwaro Copper Project from Array Metals and Natural Resources. This strategic acquisition is part of the company’s efforts to diversify its asset portfolio and broaden its geographic presence. The Katwaro Project, locatedContinue Reading
Zambia’s Minister of Mines and Minerals Development, Paul Kabuswe, announced the country’s goal to boost copper production to over 1 million tonnes by 2025, with an eye on reaching 3 million tonnes by 2031. Speaking at the Mining and Investment Insaka in Lusaka, he expressed optimism about achieving these targets.Continue Reading
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
