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Largest Zambian copper producer yet to confirm adherence to Bank of Zambia directive First Quantum Minerals (FQM), Zambia’s leading copper producer, has remained tight-lipped on whether it adheres to the Bank of Zambia’s (BOZ) export proceeds tracking framework directive. Responding to a media inquiry, FQM’s Public Relations Manager, Mirriam Hammond, …

Zambia, a nation synonymous with copper, shimmers with the promise of vast mineral wealth. However, despite boasting Africa’s second-largest copper reserves, the country grapples with the paradox of the “value chain curse.” This phenomenon, plaguing resource-rich nations, sees them trapped in a cycle of exporting raw materials while failing to …

Africa’s long-held dream of hosting its first cobalt refinery appears within reach, as the Nigeria-based Africa Finance Corporation (AFC) signed a memorandum of understanding (MoU) with Kobaloni Energy last week. This agreement provides a potential $100 million lifeline for the construction of a cobalt sulphate refinery in Zambia, potentially revolutionizing …

Vedanta Resources has commenced funding to Konkola Copper Mines (KCM) and has disbursed its first $25 million for employee salaries, contract labour as well as for other critical services needed to maintain the integrity of the asset. The company has deployed a technical team at KCM to work together with …

Securing a stable and efficient national power grid is paramount to achieving Zambia’s ambitious target of 3 million tonnes annual copper production, according to First Quantum Minerals (FQM), the country’s largest copper producer. “Ahead of new mine production, ensuring sufficient and reliable power, efficiently transmitted through the national grid, cannot …

Vedanta Resources has commenced funding to Konkola Copper Mines (KCM) and has disbursed its first $25 million for employee salaries, contract labour as well as for other critical services needed to maintain the integrity of the asset. The company has deployed a technical team at KCM to work together with …

SRK Consulting has appointed partner and principal geologist (geotechnical) Robert Armstrong as a director in its South African Consulting Practice. Armstrong has been with the company since 2001, when he joined as a student geologist. He has been involved in geotechnical projects throughout Africa, as well as in countries includingArgentina, …

Cape Town, South Africa -The winds of change are blowing through Zambia’s mining sector. President Hakainde Hichilema, elected in 2021 on a platform of economic revival, is setting his sights on a bigger prize: securing larger equity stakes for the state in new mining projects. This move, announced at the …

The mining and metals sector stands at a crossroads, navigating a complex storm of global uncertainty, supply chain disruptions, and the ever-present pressure to meet ESG demands. But amidst the turbulence, a new report from Deloitte, “Tracking the trends 2024,” offers a beacon of hope. Highlighting ten key trends shaping …

In a groundbreaking discussion at the Mining Indaba in Cape Town, Stratek Global’s Chairman Kelvin Kemm, asserted that South Africa is poised to become a nuclear reactor exporting nation. Highlighting the country’s status as the first to develop a commercial Small Modular Reactor (SMR), Kemm unveiled the HTMR-100, positioning South …