The World Bank has initiated a $700 million program in March 2024 to bolster Zambia’s electricity sector. This initiative, named the National Energy Advancement and Transformation Program, seeks to enhance energy infrastructure in alignment with the government’s goal of achieving 10% GDP growth by 2030 and expanding job opportunities. ToContinue 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
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
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
Mining and agriculture are two key sectors of the Zambian economy that are attracting foreign direct investment, which is expected to increase 158% to $8.5 billion by 2022, creating 74 000 jobs. The latest company to announce that it will be developing a new copper mine in Zambia is oneContinue Reading
Mining and tunnelling equipment manufacturer GHH has unveiled a new load haul dumper (LHD): The LF-10 NEO is a powerful and compact 10 ton loader, an all-around improved version of the LF-10, a well-established product in it’s class. The LF-10 NEO is the latest in a line of new GHHContinue Reading
With a presence in Africa since 2007 (Angola), in the last two years Rangel has made strong advancement in the South African market, expanding its footprint with the opening of facilities in South Africa and Zambia, where it is already a reference for cross-border transport. According to Tiago Pocinho, countryContinue Reading
In 2013, Zambia was the sixth largest producer of copper with 800,000 tons increasing from 572,793 tons production in 2008. It has been projected that copper production in Zambia will reach 1,500,000 tons by the year 2018 due to new projects. The mining contribution of Zambia to the Gross DomesticContinue Reading
Drilling works have commenced at the Luansobe copper project, in Zambia. London-listed Galileo Resources announced the firm will use a 3 000 m core drilling programme designed to infill gaps in historic drilling and twin selected holes, with a particular focus on shallow up-dip projections of the deposit. The Luansobe area isContinue Reading
Copper production in Zambia has recorded a sharp decline. Zambia Chamber of Mines released statistics showing production dropped 7.4% year-on-year in the first half of 2022 to 364,089 mt. “So far half a year has passed, while the Zambian government’s target of producing 1.3 million mt of copper in 2022 appears unattainable.Continue Reading
