Business

Mining Indaba 2024 Gears Up for Disruption

Get ready for a seismic shift in African mining, as Mining Indaba 2024 prepares to rock Cape Town, South Africa, from February 5th to 8th. This year’s conference, aptly themed “Embracing the Power of Positive Disruption: A Bold New Future for African Mining,” promises to rewrite the script for the …

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AFRICAN MINING INDABA 2024: the objective is finding solutions and paths towards positive change in mining

Mining Indaba is the pinnacle event for promoting long-term investment in African mining. Attracting a broad and prominent speaker lineup, including industry professionals, policymakers, and stakeholders from around the country and beyond to promote economic growth and foster positive changes in the mining industry. The 2024 conference aims to celebrate …

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Mwembeshi Resources stops activities in the Lower Zambezi National Park

Zambia’s government recently ordered mining company Mwembeshi Resources Ltd to immediately halt all activities on the $494 million copper project it is developing in the Lower Zambezi National Park. Collins Nzovu, the minister of green economy and environment, said the company had violated a number of environmental conditions pertaining to …

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Barrick to increase Lumwana mine’s annual production to an estimated 240 000 t of copper

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 …

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Caterpillar develops first battery electric prototype

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 …

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Technology to drive oil, gas industry methane emission targets

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 …

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AfDB reiterates warning on carbon border tax

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 …

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ABB, Bridon-Bekaert Ropes to deliver integrated mine hoists services

The two leading OEM companies join forces to develop an integrated service portfolio for ABB mine hoists, According to the two companies, the partnership is an important step in ABB’s ambition to expand the service portfolio and maximize customer value Geographic reach will focus on the mine hoist end user markets …

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$15 BILLION DOLLARS ZNS SMELTER ON CARDS

Zambia National Service (ZNS) will in two months’ time commence the setting up of a USD 15 billion dollar copper smelting plant in the Kabompo district of North Western Province, Zambia National Service Commander Lieutenant General Maliti Solochi has disclosed. Lt Gen Solochi said the Government has already secured the …

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Better Technology car battery production scheduled for May 2024

According to  Better Technology Group President, Polly Wei, the production of car batteries is scheduled to commence by May 2024. Over 2,000 employment opportunities are on the horizon for Zambians in the coming year, courtesy of the Chinese company set to embark on the manufacturing of motor vehicle batteries at …

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