Metso has secured a major contract from Barrick Gold to supply critical process equipment for the Lumwana copper project in Zambia. Valued at around €70 million ($78.12 million), this order will be included in the minerals segment’s third-quarter 2024 intake. As part of the agreement, Metso will deliver a completeContinue Reading
n October 3, 2024, Zambian President Hakainde Hichilema, accompanied by his cabinet members, officially launched the development of a Super Pit at Barrick’s Lumwana copper mine. The feasibility study for this expansion is anticipated to be completed by the end of the year, setting the stage for construction to commenceContinue Reading
KoBold Metals, the Bill Gates-backed mining exploration company, is considering an investment of $2.3 billion to develop a significant new copper mine in Zambia, according to President Hakainde Hichilema, who referenced company estimates. The company aims to produce over 300,000 metric tons of copper annually at the Mingomba site, potentiallyContinue Reading
Liebherr Zambia has celebrated its 10th anniversary, with employees travelling to the Kitwe branch to begin the proceedings with a tour of Kitwe’s office, warehouse and remanufacturing facilities before attending a company-wide address from Liebherr Zambia’s managing directors. Henri Wassink, Managing Director of Administration, Liebherr Zambia, said: “We appreciate everyoneContinue Reading
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
