By: Nkosilathi Mudiyu Barrick is investing almost US$2 billion in an expansion project designed to increase the Lumwana mine’s annual production to an estimated 240 000 t of copper, from a 50 million tpy process plant over a 36-year life of mine, elevating this once-unprofitable operation into the front-rank of …

By: NKOSILATHI MUDIYI A new action group intends to help Commonwealth countries, including African member states, rapidly cut emissions of the potent greenhouse gas methane as part of wider efforts to keep rising global temperatures within liveable limits. The country-led coalition was announced at a ministerial event on the margins …

… to entrench macroeconomic stability The International Monetary Fund (IMF) recently completed the country’s second review of the 38-month extended credit facility (ECF) arrangement. According to IMF, the completion of the second review of the ECF arrangement allows for an immediate disbursement of SDR 139.88 million (about US$187 million), bringing …

With the production and consumption of plastics having skyrocketed over the past few decades, FQM’s Kansanshi Mining PLC has joined the call to action in enhancing efforts to reduce plastic pollution and seek sustainable alternatives. However, transitioning to more sustainable practices, such as recycling and adopting alternative materials, can lead …

Caterpillar Inc. has successfully demonstrated its first battery electric prototype for an underground mining truck. According to the company, the development is added to the company’s growing portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company’s proving …

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

The African Development Bank has reiterated that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of …

In August 2022 Marthinusen & Coutts Zambia was requested by a smelter based in the Copperbelt to provide an in-country repair solution on their two critical 4.5MW com-pressor motors. It was given only three weeks in which to overhaul and commission the motors. The scope of work involved was to …

New revised joint commitment to fast track development of the Fishtie copper project in Mkushi has been signed between First Quantum Minerals (FQM) and Mimosa Resources. The deal inked under the latest Kashime Development Agreement is envisaged to commence as early as 2026, ramping up to a maximum production of …

New European Union (EU) carbon border tax could significantly constrain Africa’s trade and industrialization progress, the Africa Development Bank (AfDB) has warned.   AfDB President, Dr Akinwumi Adesina said the carbon tax will penalise value-added exports including steel, cement, iron, aluminium and fertilizers.   “With Africa’s energy deficit and reliance mainly on …