Copper

Scramble for African Copper: UAE Giant Eyes Vedanta’s Zambian Crown Jewels

The battle for African copper has intensified, with the investment arm of Abu Dhabi’s IHC making a bold move for a controlling stake in Vedanta Resources’ prized Zambian copper assets, Konkola Copper Mines (KCM). This follows their recent acquisition of Mopani Copper Mines, painting a clear picture of their ambition …

Read More »

Zambia Flicks the Switch on Power Imports to Keep Copper Crown Shining

Zambia’s economic engine, the mighty copper mining sector, faces a potential power cut. But fear not, a lifeline is on the horizon. To avert an energy deficit that could cripple production, the state-owned electricity utility, Zesco, has announced it’s seeking to import power from neighboring countries. This move comes as …

Read More »

UAE Giant Flexes Muscles, Targets Zambia’s Copper Crown Jewel

Dubai’s International Holding Company (IHC), the emirate’s reigning corporate titan, has set its sights on Zambia’s prized Lubambe Copper Mine, throwing a wrench into a deal already clinched by China’s JCHX Mining. Industry insiders are abuzz with talk of a potential bidding war, with Zambia caught in the middle of …

Read More »

From Rolling in the Copper Dust to producing Copper Cables?

Nkandu Beltz is a Mining Entrepenuer, Philanthropist, Author and cultural consultant.  Born in Zambia, she spent some of her formative years in Ndola playing outdoors like most other children and getting quite dirty.  When asked to take a bath she responded, “No, I don’t want to bath because I have …

Read More »

Jubilee’s Strategic Copper Expansion in Zambia

A prominent player in metals processing across Africa, Jubilee, has shared the latest developments in its copper operations in Zambia. The company is strategically pursuing a significant expansion to achieve an initial target of 25,000 tonnes of copper per annum. This expansion encompasses both augmenting Jubilee’s copper resource base and …

Read More »

Mining sector tax contributions hit record K43 billion

Tax payments from the mining sector rose by 11 percent to K43.3 billion in 2022, according to the latest independently audited report from the Zambia Extractive Industries Transparency Initiative (ZEITI). The report showed that total revenues received by government from the mining sector rose to more than K43.3 billion in …

Read More »

Lumwana Super Pit project on track for production in 2028

Lumwana copper mine’s Super Pit expansion project has been accelerated with first production now scheduled for 2028, the copper mine’s developers, Barrick recently told President Hakainde Hichilema. Mark Bristow, the President and Chief Executive Officer advised said the project will transform Lumwana into one of the world’s major copper mines, …

Read More »

Zambia’s Copper Jewel Up for Grabs: First Quantum in Talks to Sell Stakes to Chinese Giant

First Quantum Minerals, the Canadian mining giant, faces a critical crossroads as reports surface of potential negotiations to sell a portion of its stake in its Zambian copper mines to Jiangxi Copper Corporation, a state-owned Chinese enterprise. This move, if confirmed, could reshape the landscape of Zambia’s vital copper industry …

Read More »

CEC announces registration of first green bond

Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchange Commission on the sidelines of the COP 28 Climate summit. The registration of the green bond is a first for the country’s capital markets and is expected to attract more green finance …

Read More »

Global Copper Market on the brink, says analysts

Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First …

Read More »