News

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 …

In August 2022 Marthinusen & Coutts Zambia was requested by a smelter based in the Copperbelt to provide an in-country repair solution on their two critical 4.5MW com-pressor motors. It was given only three weeks in which to overhaul and commission the motors. The scope of work involved was to …

New revised joint commitment to fast track development of the Fishtie copper project in Mkushi has been signed between First Quantum Minerals (FQM) and Mimosa Resources. The deal inked under the latest Kashime Development Agreement is envisaged to commence as early as 2026, ramping up to a maximum production of …

New European Union (EU) carbon border tax could significantly constrain Africa’s trade and industrialization progress, the Africa Development Bank (AfDB) has warned.   AfDB President, Dr Akinwumi Adesina said the carbon tax will penalise value-added exports including steel, cement, iron, aluminium and fertilizers.   “With Africa’s energy deficit and reliance mainly on …

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 …

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 …

United Arab Emirates’ International Resources Holdings as the new strategic equity partner in Mopani Copper Mines, state-firm ZCCM-IH said in a statement. IRH, which is linked to Abu Dhabi’s most valuable listed company, International Holdings Company (IHC), will invest funds into Mopani to help with short-term working capital and finance …

First Quantum Minerals (FQM) and ZESCO have entered into a Power Supply Agreement (PSA), where the latter will supply over 420 Megavolt Amperes (MVA) of renewable power to FQM’s Trident and Kansanshi mine sites. The deal marks a new era of cooperation and securing a sustainable energy supply for FQM’s …

Betolar and Metso have agreed on cooperation in which Betolar’s technology can be offered globally to mining and refinery customers using Metso’s lithium hydroxide process. With material technology solutions for Betolar’s side stream research, the analcime sand generated as a side stream in lithium extraction is analysed and its further …