Zambians are grappling with a daily battle to secure electricity amid a climate-related energy crisis. The situation has reached a critical point, with some individuals resorting to transporting their desktop computers to local cafes just to get work done. The severe drought affecting the region has led to the worstContinue Reading
Glencore hosted its 6th annual conference in Kinshasa, Democratic Republic of Congo (DRC), gathering key stakeholders to address pivotal issues in the nation’s mining sector. The event served as a vital platform for industrial miners like Glencore to promote Environmental, Social, and Governance (ESG) standards, as well as traceability andContinue Reading
A vibrant local capital market is crucial for attracting foreign institutional investors to Zambia’s mining sector, according to Norman Mbazima, a senior executive with over 20 years at Anglo American and Chairman of Anglo American Platinum. Speaking at the Zambian Mining and Investment Insaka, Mbazima emphasized the need to createContinue 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
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
