Mining services provider Makor Resources, in partnership with Jubilee Metals Zambia, has joined the Zambian government’s efforts to assist subsistence farmers affected by a recent drought that has severely impacted agriculture and food security in the country. Ndola District Commissioner Joseph Phiri, alongside Makor Resources CEO Brooke Bibeault and JubileeContinue Reading
Saudi Arabia’s Manara Minerals is nearing the completion of a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel operations, according to sources familiar with the negotiations. Manara, a joint venture between Saudi mining giant Ma’aden and the $925-billion Public Investment Fund, is in advancedContinue Reading
TSX-V-listed GoviEx Uranium has successfully completed a comprehensive metallurgical test program at Mintek in South Africa, aimed at validating the heap leach process for its Muntanga project in Zambia. The test results confirmed uranium recovery rates of 90% or higher from the main Muntanga and Dibbwi East deposits, which accountContinue Reading
Tertiary Minerals, listed on AIM, has successfully completed its first drilling program at the Mushima North copper project in Zambia. The initiative aimed to assess the A1 and C1 copper, zinc, and arsenic soil anomalies, which were identified during last year’s soil sampling efforts. The program involved 25 reverse circulationContinue Reading
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
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 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
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
