Business

In an international emerald auction held in Dubai this month, Grizzly Mining has raised $24.8 million in revenue. The auction featured medium- to high grade rough emeralds from its flagship mine in Zambia, including the standout 6 620 carat Pilala stone. Out of 112 lots offered, 105 were sold, representing …

ASX-listed Chrysos Corporation has entered a master services agreement (MSA) with global miner Newmont Corporation to deploy its advanced PhotonAssay technology at Newmont’s gold sites worldwide. The first PhotonAssay unit will be installed at Newmont’s Ahafo mine in Ghana during the first half of the 2026 financial year, marking a …

As part of efforts to address the country’s energy needs, and commitment to sustainability, First Quantum Minerals (FQM) has entered into an agreement with private sector partners to secure clean, reliable power from the Kariba North Bank Extension (KNBE) energy plant. The agreement uses an innovative partnership model that supports …

Kagem Mining (Kagem) has been awarded a prestigious safety award by the government of Zambia’s Mines Safety Department, recognising its achievement of over 10 million Lost Time Injury (LTI)-free hours. This landmark accomplishment of 10,098,176 hours without time lost to injury underscores the emerald mine’s unwavering commitment to strive for …

Prospect Resources has commenced phase two drilling and exploration programmes at its Mumbezhi Copper Project in the Copperbelt. The Managing Director and Chief Executive Officer of Prospect, Sam Hosack said the phase 2 programme has been designed to validate the significant potential for a material, large scale resource at Mumbezhi. …

SEW-EURODRIVE South Africa, a leading provider of industrial gearboxes, drive systems and automation solutions, is accelerating the rollout of its ‘African Strategy’, aimed at extending technical services and support across the continent. The initiative is part of the company’s broader effort to strengthen its presence and improve customer responsiveness in …

The International Monetary Fund (IMF) has announced that progress on Zambia’s economic reform program supported by the IMF’s Extended Credit Facility has been strong, despite repeated external shocks. According to the Fund, since the program was approved in August 2022 and augmented in 2024, it has provided critical support—both financial …

Forget your sleepy Sunday afternoons; there’s a mining buzz brewing in Zambia that’s got investors’ pulses racing. AIM-listed Xtract Resources has struck a rich vein of copper at its Silverking project, and the latest drilling results are nothing short of electrifying.  According to Xtract’s no-nonsense chairperson, Colin Bird, a fresh …

Condition monitoring specialist company, WearCheck, examines a very special class of additives that is gaining importance as the technical demands placed on lubricants continue to grow at an ever-increasing rate – Viscosity Index Improvers (VIIs). What are they? Polymers and copolymers of methacrylates, butadiene olefins and alkylated styrenes.   What …

GoviEx Uranium, listed on the Toronto Stock Exchange, has submitted a draft Environmental and Social Impact Assessment (ESIA) to the Zambian Environmental Management Agency (ZEMA), marking a key milestone in advancing its Muntanga uranium project from feasibility into execution. The draft is now with ZEMA; the agency will examine the …