Copper

Zambia Finance Minister, Situmbeko Musokotwane, says high global copper prices should help attract the investment needed to allow Zambia to boost its annual production to about 3 million tonnes over the coming decade from an estimated 800,000 tonnes in 2021. First, however, the government must find an investor to take …

Commodities like copper are becoming increasingly important as the electric vehicle industry grows. Karan Rathi, board director of mining company Chillerton Group, speaks about the copper industry in Zambia and how the Covid-19 pandemic has heightened investor support for projects and communities. Zambia, after the Democratic Republic of Congo, is …

Mining corporations are considering investing in nations that they previously deemed too hazardous, such as the Democratic Republic of the Congo and Zambia, owing to a shrinking pipeline of large copper mines elsewhere and record-high prices. Because of investor concerns about unpredictable regulatory regimes, difficult working conditions, and corruption, some …

Robert Kamanga, the deputy Chief Executive Officer of China Non-Ferrous Metal Business (CNMCLuanshya )’s Copper Mines ( LCM), said his company is considering shutting down mine operations at its Baluba shaft in 2022. Mr Kamanga claims that the LCM has exhausted all copper reserves at the mine, prompting the decision …

Jubilee Metals, a metals processing company listed on the London Aim and JSE AltX exchanges, announced on Tuesday that it had signed a binding memorandum of understanding (MOU) on the refining of copper and cobalt, two highly sought-after green metals. The MoU with Mopani, a Zambian subsidiary of ZCCM Investment, …

Tertiary Minerals, an AIM-listed company, has stated that its subsidiary Luangwa Minerals has entered into an option agreement with Mwashia Resources to purchase up to a 90% joint venture interest in five large exploration licenses in Zambia that are regarded copper-prospective. The deal covers the exploration licence 27069-HQ-LEL, also known …

Zambian government has been urged to address impediments to investment inflows and production growth, and to guarantee stable tax policies. Zambia Chamber of Mines president Dr Godwin Beene this week said it was imperative to rectify negative investor perceptions of the mining sector in the country. “Our sector, like any …

Zambia’s new tax regime has resulted in significantly higher royalty bills than in the past, pitting the nation against copper mining companies. Zambia is Africa’s second-largest copper producer, behind only the Democratic Republic of the Congo. As of 1552 GMT, the London Metal Exchange three-month copper price was trading at …

Zambia’s president, Edgar Lungu, promised mining investors on Thursday that his country would create a more streamlined tax administration system to make it easier for them to do business. Zambia’s mining tax regime has been a thorny problem since the privatization of mines in the early 1990s, said Edgar Lungu …

Zambia, a country once thought to be one of the most investment-friendly in the region, is now one of the most extreme examples of a surge of authoritarian governments in mining-dependent countries that are struggling to pay their bills after borrowing for infrastructure in recent years. The landlocked nation in …