Business

Castillo Copper, a base metal explorer with stock exchange listings in London and Sydney, has uncovered multiple copper-potential drill-testing targets at its Mkushi project in Zambia, the continent’s second-largest copper producer. Castillo claimed in a statement to Mining Weekly on Tuesday that the next phase in developing Mkushi, one of …

Zambia has explained that it moves to reduce speculative activity and encourage investment in the mining sector by putting a cap on the number of mining licences issued to single firms. Africa’s second-largest copper producer, has announced plans to limit the number of mining licenses a company can hold at …

According to a statement released by the country’s Official Receiver on Thursday, Milingo Lungu, the provisional liquidator of Zambia’s Konkola Copper Mines (KCM), has been suspended. Zambia’s previous government, which owns 20% of KCM through state-owned mining investment firm ZCCM-IH, turned the company over to Lungu in 2019, reigniting a …

Jubilee Metals, an Aim and AltX-listed metals processing company, has received notice from ACAM that it will convert its remaining convertible loan notes, totalling $7.8 million (£5.89 million) in principal debt and accrued interest, into new ordinary shares. According to the company, the ACAM convertible loan note was instrumental in …

Restoring confidence in Zambia as a mining investment destination and diversification of the mining industry in Botswana and pushing for greater innovation in the sector are set to be key messages at the upcoming 2022 Investing in African Mining Indaba. The President of Botswana, Dr Mokgweetsi Eric Keabetswe Masisi, is …

GoviEx Uranium has explained that every year, more uranium is consumed than produced, and higher incentive prices are required to support new supply GoviEx Uranium is the developer of Mutanda Uranium mining project has indicated that it plans to start actual uranium mining in Zambia in the next five years. …

Zambia’s Central African Renewable Energy Corp. Chief Executive Mulenga Mulenga has revealed that his company is cleaning up the environment by taking out all waste and converting it into energy. The used tyres and plastic containers that litter the back streets of cities and towns in Zambia might be an …

Condra Cranes notes that the company is “very positive going into 2022, as Africa remains a good market and has good prospects”. The Gauteng-based company which is a supplier of cranes originally established its footprint in Zambia before expanding into the DRC. Expressing a positive outlook for the African mining …

Tata International Africa and Tata Africa Holdings MD Len Brand believe that there is no end in sight for the current supply-chain disruptions affecting truck brands. “These disruptions will eventually put pressure on vehicle prices, resulting in a negative impact on truck sales.” Brand says the shortage in components owing …

Zambia government has revealed that by 2024, the country’s GDP is expected to rise to 4.4 per cent following strategic interventions in the agriculture, tourism, mining, manufacturing, energy, and transport sectors. The government has also projected a modest 3.5 per cent rise in its Gross Domestic Product (GDP) for 2022, …