Business

Koryx Copper, a mineral exploration and development company with its sights set on Zambia’s Copper Belt, has uncovered promising veins of potential beneath the surface. Armed with the results of a meticulous induced polarization (IP) survey, the company is now charting a course for targeted drilling in 2024, fueled by …

CEC has announced that the company’s blueprint should deliver steady growth for the business over the coming years. Owen Silavwe, CEC Managing Director said government efforts to create a private sector-lead economy supports the company’s effective and efficient execution of its strategy. “The Group is in a much better position …

As part of its 2023 Preliminary Production and 2024-2026 guidance issued on Monday, First Quantum Minerals Ltd has reiterated its commitment to delivering the ‘S3 Expansion’ project at the Kansanshi mine, near Solwezi, North-Western Province. The announcement was made as part of a stock market announcement guiding recent and future …

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 …

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 …

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 …

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 …

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 …