Zambia, the world’s seventh-largest copper producer, is ramping up infrastructure and mineral exploration efforts while partnering with international firms to expand its renewable energy sector. Although its petroleum industry is relatively untapped, emerging developments driven by strategic positioning and promising geology present enticing opportunities for upstream investments. Regional Exploration SuccessContinue Reading
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 caught in the middle ofContinue Reading
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, announced at the recentContinue Reading
In part one of Lubrication from Stone Age to Modern Age (WearCheck Technical Bulletin 88), we slid through 5,000 years of lubrication history and left off at the end of the age of enlightenment in the early 1700s. The next leg of our journey finds us smack bang in theContinue Reading
Vedanta Resources has commenced funding to Konkola Copper Mines (KCM) and has disbursed its first $25 million for employee salaries, contract labour as well as for other critical services needed to maintain the integrity of the asset. The company has deployed a technical team at KCM to work together withContinue Reading
Securing a stable and efficient national power grid is paramount to achieving Zambia’s ambitious target of 3 million tonnes annual copper production, according to First Quantum Minerals (FQM), the country’s largest copper producer. “Ahead of new mine production, ensuring sufficient and reliable power, efficiently transmitted through the national grid, cannotContinue Reading
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 producers. TheContinue Reading
Zambia agreed a memorandum of understanding to restructure its loans with official creditors, co-led by China and France, finalizing a $6.3 billion deal reached almost four months ago. The long-awaited accord, which the International Monetary Fund announced prematurely on Oct. 12, paves the way for the disbursement of another portionContinue Reading
Is it likely that more major copper deposits will be found in the Domes region of north-west Zambia? The answer is a resounding ‘yes’ if one speaks to NICK VON SCHIRNDING, Executive Chairman of junior explorer Arc Minerals. As he explains to contributing editor ARTHUR TASSELL, the area is currently oneContinue Reading
The United States of America’s Department of State released a signed Memorandum of Understanding (MoU) with the Democratic Republic of Congo (DRC) and Zambia on electric vehicle battery value chains. The document was signed on 13 December 2022, during the Africa Leaders Summit and states DRC and Zambia’s involvement inContinue Reading
