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
Anglo American has rebuffed BHP Group’s $39 billion takeover bid, deeming it significantly undervalued. BHP, with a deadline of May 22 to make a binding offer, is expected to revise its bid to secure a deal that would create the world’s largest copper miner, a crucial player in the cleanContinue Reading
Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition. The United Arab Emirates is increasing its push to acquire African mineral resources, scrambling against China, Saudi Arabia and others to secure contracts. Its latest foray is in Zambia,Continue Reading
Xtract Resources has announced a joint venture (JV) agreement with Oval Mining, in collaboration with Cooperlemon Consultancy, aimed at acquiring up to a 70% stake in Zambia’s Silverking copper mine and its associated exploration license. The initial option period spans 18 months, during which Xtract is obligated to invest $500,000Continue Reading
Zambia’s mining industry is experiencing a transformative phase, propelled by policy changes, targeted investments, and exploration endeavors to tap into the nation’s abundant mineral resources. Copper and emeralds represent 70% and 20% of Zambia’s export revenues respectively, leading the government to prioritize mining advancements for economic growth. Mopani Acquisition CompletedContinue 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
In February 2024, Zambian President Hakainde Hichilema described the initiative to link the country’s copper mines with a port in Angola as a “once-in-a-lifetime” opportunity. This U.S.-supported project, also backed by the European Union and the G7, involves constructing new railway tracks in Zambia to connect with existing lines inContinue Reading
As advancements in cobalt-free electric vehicle battery technology progress, Congolese officials are conflicted over the idea of implementing export restrictions on cobalt. The Democratic Republic of Congo (DRC), which is responsible for about 70% of the world’s cobalt supply, is considering export quotas to increase cobalt prices. This news wasContinue Reading
This week in Lusaka, Zambia, an international forum focused on enhancing the artisanal and small-scale mining (ASM) of Development Minerals is underway. Development Minerals include construction materials, industrial minerals, and semi-precious stones, which sustain the livelihoods of millions, predominantly in Africa. The Forum on Sustainable and Inclusive Mineral Value ChainsContinue Reading
