The Zambian Cabinet has approved the creation of a special purpose vehicle (SPV) to boost the country’s revenue from its mineral resources, according to a Reuters report. The Cabinet announced that this new entity will facilitate a shift from the current dividend payment model for mineral resources to a production-basedContinue Reading
Prospect Resources (ASX:PSC) has acquired an 85% stake in the Mumbezhi copper-cobalt project in Zambia for US$6.5 million, paid in cash and shares, in late May. Situated within the renowned Zambian Copper Belt, one of the world’s most prolific copper mining regions, the Mumbezhi project spans 356 km². The landContinue Reading
KoBold Metals, the Bill Gates-backed mining exploration company, could spend US$2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company. The firm aims to produce more than 300,000 metric tons per year at Mingomba – making it the country’s biggestContinue Reading
Barrick has given some further information on progress with its route to net zero strategy in its just published 2023 Sustainability Report. In 2023, Barrick achieved the target it set for itself for 2025 of reducing its greenhouse gas emissions by 15%. Its Scope 1 and 2 greenhouse gas emissionsContinue Reading
In June, private sector companies like Vedanta Ltd, Tata, and battery tech startup Lohum are gearing up to explore lithium opportunities in Zambia and Congo, as per Mines Secretary VL Kantha Rao’s announcement on May 15. Accompanied by ministry officials, executives from these firms will embark on this exploration ventureContinue Reading
On Thursday, the Democratic Republic of Congo (DRC) and Zambia formalized a cooperation agreement aimed at easing cross-border trade within the Southern African Development Community (SADC). Ministers from both nations convened to discuss a collaborative framework and action plan designed to address persistent challenges encountered by transporters. Peter Kazadi, theContinue Reading
Jubilee Metals, a diversified metals processor focusing on Zambia and South Africa, has finalized the construction of a new front-end modular unit capable of processing 50,000 tons per month at its Roan copper processing facility in Zambia. Designed by the Jubilee Technical Services team in South Africa and shipped toContinue Reading
European countries and others have set ambitious targets to transition to electric mobility by 2035, with electric batteries being a cornerstone of this endeavor. These batteries consist of lithium and other vital minerals found in the Democratic Republic of Congo (DRC). However, the DRC faces challenges in fully leveraging itsContinue Reading
A senior White House official highlighted the importance of promoting mining projects in countries like the Democratic Republic of Congo (DRC) and Zambia. This is crucial for securing a stable global supply of critical minerals needed to combat climate change. Amos Hochstein, White House senior adviser for energy and investment,Continue Reading
A new MacLean Mine-MateTM utility vehicle has arrived for underground hard rock mines in Africa! The global mining vehicle manufacturer MacLean Engineering recently celebrated a product launch with the company’s first ML5 Multi-Lift having arrived at its Australian branch in late 2023, with minesite trials set to take place inContinue Reading
