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
President Hakainde Hichilema has completed a fruitful working visit to Japan, aimed at attracting investment to spur Zambia’s economic growth and enhance the well-being of its citizens. The visit included a key meeting with Japanese Prime Minister Shigeru Ishiba and participation in a business forum showcasing Zambia’s investment potential. InContinue Reading
Industrial Resources Limited (IRL), a subsidiary of Zambia’s Industrial Development Corporation (IDC), has entered into a strategic partnership with Barrick Gold Corporation, a global mining leader, to drive exploration and development in Zambia’s thriving mining sector. The collaboration aims to unlock Zambia’s rich mineral resources, support the country’s mining growthContinue Reading
Jubilee Metals has restarted operations at its Roan copper facility in Zambia following the restoration of stable power. With production back on track, the company is now accelerating output by prioritizing the processing of newly secured high-grade copper feed. Strategic Shift to High-Grade Copper After power outages disrupted operations inContinue Reading
Zambia made an unforgettable impression at the 2025 Mining Indaba, showcasing its growing influence in the mining sector with a packed Country Showcase that captured global attention. As Africa’s second-largest copper producer and a rising leader in critical minerals like cobalt and lithium, Zambia is positioning itself as an unparalleledContinue Reading
South African authorities suspended rescue operations on Monday for an unspecified number of illegal miners trapped in an abandoned mine shaft west of Johannesburg. The decision came after rescue teams descended 70 meters into the shaft but were forced to stop when safety risks escalated. Suspension of Rescue Operation “WeContinue Reading
