News

Based on the success of Kibali, which Barrick has built into Africa’s largest gold mine, the company is ready to invest in new gold and copper opportunities in partnership with the government of the DRC, says president and chief executive Mark Bristow. Speaking to media at a site visit to …

First Quantum Minerals Chief Executive, Tristan Pascall, has been on the ground at Kansanshi to inspect the progress the company is making with its S3 expansion project. Of a total investment commitment of US$1.25 billion, the majority of this is being spent this year to ensure the entire project is …

Canadian mining giant First Quantum Minerals (FQM) has received expressions of interest from multiple parties seeking a minority stake in its Zambian copper operations, according to a recent Bloomberg report. This development comes as FQM seeks to bolster its finances following the closure of its flagship mine in Panama. “We’ve …

First Quantum Minerals (FQM) has doubled the number of small business cooperatives it supports under its Tujipamo Community Project to empower entrepreneurs in the areas around its Kansanshi mine in Solwezi.  Some K2.6 million has been disbursed to 12 cooperatives this year, building on the support for six cooperatives last …

First Quantum Minerals (FQM), Zambia’s leading taxpayer, has expressed strong support for the Bank of Zambia’s Export Proceeds Tracking Framework. This initiative aims to ensure transparency in tracking foreign exchange earned from exports through local bank accounts. Implemented in January 2024, the framework requires exporters to link their export records …

Africa’s largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traisance dans le Secteur Prive (ARSP), the body which oversees the DRC’s sub-contracting sector, have agreed to collaborate on a range of local content initiatives. The partnership has been designed to increase the mine’s already extensive use of …

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 …

Lusaka, Zambia: Barrick’s Lumwana mine, Zambia’s second-largest copper producer, has confirmed its exemption from the Bank of Zambia’s (BOZ) Export Proceeds Tracking Framework Directives, implemented in December 2023. This exemption stems from Lumwana’s local sales model, where they do not directly export copper but instead sell concentrate to domestic smelters. …

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 …