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
Zambia’s Minister of Mines and Minerals Development, Hon. Paul Kabuswe, MP, recently announced that the country’s mining sector has successfully attracted $12 billion in investments. Despite this impressive capital influx, the minister expressed concerns over stagnant copper production, which has remained at 750,000 metric tons. Minister Kabuswe reaffirmed the government’sContinue 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
Zambia is on the cusp of a significant milestone as it prepares to inaugurate its car battery production by the end of July this year, buoyed by the arrival of crucial manufacturing equipment. During a recent inspection of the Jiangxi Multi Facility Economic Zone in Chibombo district, General Manager XuContinue Reading
The United Nations Development Programme (UNDP) has unveiled its intention to establish a Mining Technology (MinTech) hub in Zambia, with an investment exceeding K160 million. This initiative, disclosed during the Timbuktoo Retreat Strategy in Cape Town, South Africa, aims to foster innovation and collaboration within Zambia’s mining sector, leveraging technologyContinue Reading
During his visit to Solwezi Airport, President Hakainde Hichilema assured the residents of North Western Province of his government’s commitment to opening more mines in the region. Highlighting the potential for development, President Hichilema emphasized the importance of reopening mines such as Kasenseli and Kalengwa, which could significantly benefit theContinue Reading
Zambia, the world’s seventh-largest copper producer, is ramping up infrastructure and mineral exploration efforts while partnering with international firms to expand its renewable energy sector. Although its petroleum industry is relatively untapped, emerging developments driven by strategic positioning and promising geology present enticing opportunities for upstream investments. Regional Exploration SuccessContinue Reading
Baker McKenzie, a leading international law firm, provided legal counsel to ZCCM Investments Holdings Plc (ZCCM-IH) in its significant partnership with International Resources Holding RSC Ltd (IRH) of Abu Dhabi, which invested via its subsidiary, Delta Mining Limited. Delta has secured a 51% stake in Mopani Copper Mines plc (MCM)Continue Reading
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
