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New JV to develop small-scale hydropower projects

The New Africa Power joint venture (JV) plans to develop a 65 MW portfolio of small-scale, run-of-the-river hydropower projects in Zambia. The JV, established by Nairobi-based energy holding company responsAbility Renewable Energy, international finance institution Norfund and investment company Vineyard, has committed $4.6-million for the feasibility phase of the development, …

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Miners celebrate transport ban lifting

Zambia Chamber of Mines has applauded government for lifting night time driving ban for cargo haulage trucks. “The mining sector is obviously relieved that the measures… have been amended to reflect the reality of transporting essential industrial inputs and commodities on our roads,” said Nathan Chishimba, Chamber of Mines President. …

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New investor for Kitumba copper project

Australian company Weatherly has entered into a binding agreement to purchase 100% of the Kitumba copper project. The AU$ 4.75 million deal is subject to certain conditions precedent including intrepid shareholder approval and any regulatory approvals required in Zambia and Australia. Kitumba copper development project hosts a JORC-compliant measured and indicated resource of 24.9Mt at a copper …

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Vedanta Resources invest more at Konkola

Konkola Copper Mines (KCM) has announced intentions to set up a new copper smelter, cobalt refinery and other infrastructure. The projects are to be financed through the $1 billion investment programme announced earlier this year. In March Vedanta announced the $1 billion investment after a meeting between its Chairman Anil …

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Strikes hamper Zambia’s copper exports

The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers. The line a route for copper exports from Zambia and the Democratic Republic of Congo (DRC), but the firm transporting the metal struggles to pay its workers, prompting strikes. Conrad …

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GoviEx Uranium’s Mutanga technical report out

GoviEx Uranium Inc. has filed the technical report on a preliminary economic assessment (PEA) of the Mutanga Uranium Project. Prepared by qualified persons from SRK Consulting highlights include the project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life, …

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AFR ready to plug ZESCO power deficit

Focused on the development of multiple integrated power projects in Botswana to meet the increasing demand for power in the southern African region – African Energy Resources (AFR) has set eyes on Zambia. AFR said the fast growing electricity demand from all sectors; residential commercial and industrial users should prop …

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Mutanga Uranium post positive economic review report

GoviEx Uranium has announced encouraging results of a preliminary economic assessment for the Mutanga Uranium Project. Mutanga is GoviEx’s second large-scale, mine-permitted project in Africa postioned for development The project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine …

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