Global mining giant Barrick Gold has solidified its commitment to Zambia, signing a strategic memorandum of understanding (MoU) with the government’s Industrial Resources Limited (IRL). This move signals a significant push to bolster exploration and mining activities in the mineral-rich nation, aligning with Zambia’s ambitious goal of tripling its copperContinue Reading
Gemfields recently conducted a mini auction to sell emeralds from its Kagem mine in Zambia. These gems had remained unsold from a previous sale due to strong competition from another producer offering similar stones at lower prices. Held between February 19 and 21, the auction generated $4.8 million from theContinue Reading
The North-Western Division of the Zambia Police has reaffirmed its commitment to supporting First Quantum Minerals Limited (FQML) and its mining operations in the region. During a recent courtesy visit to FQML’s Trident Limited site in Kalumbila—home to the Sentinel Copper and Enterprise Nickel Mines—a high-level police delegation led byContinue Reading
Over 400 delegates from across the globe are set to converge on the Copperbelt region of Zambia next month for the 12th annual Zambia International Mining and Energy Conference and Exhibition (ZIMEC). Taking place from 19th to 20th March in Kitwe, ZIMEC will serve as a pivotal platform for theContinue Reading
First Quantum Minerals is in no hurry to sell a minority stake in its Zambian copper mines, as the company prioritizes long-term value over speed, CFO Ryan MacWilliam told analysts after its Q4 earnings report. The Toronto-based miner is seeking a strategic partner for its Zambian assets but has notContinue Reading
The Bank of Zambia (BoZ) has raised its base interest rate by 0.5 percentage points, moving from 14% to 14.5%, in a strategic effort to stabilize the Kwacha and control inflation. Why the Rate Hike? The decision, announced after the Monetary Policy Committee (MPC) meeting held from February 10-11, alignsContinue Reading
AIM-listed Shuka Minerals is making bold strides toward acquiring and reviving the Kabwe zinc mine in Zambia, backed by a newly appointed board steering the process forward. In a February 14 update, CEO Richard Lloyd reaffirmed the company’s commitment to unlocking Kabwe’s full potential. He highlighted strong backing from potentialContinue Reading
Zambia’s Minister of Transport and Logistics, Hon. Frank Tayali, has highlighted the Lobito Corridor Project as a game-changing initiative that will establish Zambia as a leading hub for electric vehicle (EV) battery production and assembly. Speaking at the Lobito Corridor Stakeholder Discussion during the recent Mining Indaba in South Africa,Continue Reading
The scramble for Africa’s vast copper resources took a surprising turn this week as talks between the United Arab Emirates’ (UAE) International Resources Holding (IRH) and Vedanta Resources Ltd. collapsed. The breakdown in negotiations cantered around Vedanta’s prized Konkola Copper Mines (KCM) in Zambia, a copper behemoth that has attractedContinue Reading
Next month, over 400 delegates from around the world will gather in Zambia’s Copperbelt region for the highly anticipated 12th annual Zambia International Mining and Energy Conference and Exhibition (ZIMEC). Scheduled for March 19th-20th in Kitwe, the event promises to be a key platform for both the Zambian government andContinue Reading
