China State Construction Engineering, a state-owned enterprise, has committed to supporting the Kinshasa city expansion project. This pledge was made during a meeting between Governor Daniel Bumba and a company delegation on Tuesday, October 22, 2024, at the Hilton Hotel. The urbanization initiative aims to ease congestion in the CongoleseContinue Reading
The Zambian Government, through the Ministry of Mines and Minerals Development, along with the Zambia Chamber of Mines, has expressed its support for the Geological and Minerals Development Bill 2024. This announcement follows a high-level stakeholder engagement meeting held last week. The event, organized under the Public Private Dialogue ForumContinue Reading
The Energy Regulation Board (ERB) has confirmed that Zambia currently has ample petroleum reserves to address recent fuel shortages seen in certain regions of the country. The ERB identified logistical challenges in cross-border fuel transport as the main cause of these localized shortages. To alleviate the issue, the ERB hasContinue Reading
The Democratic Republic of Congo (DRC) is actively seeking new investors to diversify its mining sector, currently dominated by China, according to Mines Minister Kizito Pakabomba. The DRC, home to world-class deposits of key metals like copper and cobalt, is looking to attract a wider range of investors by streamliningContinue Reading
The government plans to transfer more than 40 of its reserved permits to a state-owned enterprise. Zambia is poised to significantly increase its copper production, with ambitions to more than quadruple output by the early 2030s, according to Bloomberg News. This ambitious plan requires substantial investment from companies to transitionContinue Reading
Copper prices are expected to average around US$10,265 per tonne in the final quarter of 2024, according to estimates from Fastmarkets. Analysts at Reuters note that a positive economic outlook in both the United States and China will likely contribute to upward pressure on copper prices. Goldman Sachs has alsoContinue Reading
Mining services provider Makor Resources, in partnership with Jubilee Metals Zambia, has joined the Zambian government’s efforts to assist subsistence farmers affected by a recent drought that has severely impacted agriculture and food security in the country. Ndola District Commissioner Joseph Phiri, alongside Makor Resources CEO Brooke Bibeault and JubileeContinue Reading
Saudi Arabia’s Manara Minerals is nearing the completion of a deal to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel operations, according to sources familiar with the negotiations. Manara, a joint venture between Saudi mining giant Ma’aden and the $925-billion Public Investment Fund, is in advancedContinue Reading
TSX-V-listed GoviEx Uranium has successfully completed a comprehensive metallurgical test program at Mintek in South Africa, aimed at validating the heap leach process for its Muntanga project in Zambia. The test results confirmed uranium recovery rates of 90% or higher from the main Muntanga and Dibbwi East deposits, which accountContinue Reading
Tertiary Minerals, listed on AIM, has successfully completed its first drilling program at the Mushima North copper project in Zambia. The initiative aimed to assess the A1 and C1 copper, zinc, and arsenic soil anomalies, which were identified during last year’s soil sampling efforts. The program involved 25 reverse circulationContinue Reading
