News

The Emeralds and Semi-Precious Stones Mining Association of Zambia-ESMAZ have stated that due to the high cost of fuel, the mining sector is expected to attract low investment this year. The increase in fuel prices, according to Association President Victor Kalesha, will reduce the number of investors willing to invest …

The President of South Africa, President Cyril Ramaphosa, is confirmed to attend 2022 Investing in African Mining Indaba, taking place in Cape Town from 9 – 12 May 2022. The President will deliver a Keynote Address on Tuesday, 10 May. The President’s attendance, along with Minister of Mineral Resources and …

Zambia’s Minister of Energy, Hon. Eng. Peter Chibwe Kampala, has revealed that he is set to headline the 4th edition of the Namibia International Energy Conference (NIEC2022). NIEC2022 is set to be held from the 20th to the 21st of April 2022 in Windhoek, Namibia. The two-day meeting place for …

According to a Ministry of Mines source, once the international price of the commodity rises, the elevated amounts of Uranium collected from ore at the Lumwana mine could begin to be processed. In an interview, a source stated the mine contains elevated quantities of uranium, which is now resting on …

Moxico Resources (IPO-MOXI.L), a British company, proposes to invest $100 million in Zambia’s Mimbula copper mine, according to UK Minister for Africa Vicky Ford. Ford stated in a statement released by the British High Commission in Zambia while on a visit to the country that the investment will result in …

Castillo Copper, a base metal explorer with stock exchange listings in London and Sydney, has uncovered multiple copper-potential drill-testing targets at its Mkushi project in Zambia, the continent’s second-largest copper producer. Castillo claimed in a statement to Mining Weekly on Tuesday that the next phase in developing Mkushi, one of …

On 4 April 2022, the copper price rose despite lingering demand concerns in top consumer China. Copper for delivery in May rose 2.3% from 1 April 2022’s settlement price, touching $4.790 per pound ($10,538 per tonne). Trading was sluggish as Chinese financial markets were closed for a public holiday, but …

Chilanga Cement’s Chief Executive Officer Jianping Chai said the company will continue to focus on market development both locally and within the SADC region. Chilanga Cement (formerly Lafarge Zambia) has successfully held its 30th Annual General Meeting (AGM) on the 29th March 2022 via Zoom chaired by Chilanga Cement board …

Zambia has explained that it moves to reduce speculative activity and encourage investment in the mining sector by putting a cap on the number of mining licences issued to single firms. Africa’s second-largest copper producer, has announced plans to limit the number of mining licenses a company can hold at …

CEO Mark Bristow of Barrick Gold Corp., the world’s second-largest gold producer, sees an opportunity to expand its copper production in central Africa, particularly now that a pro-business government has taken power in Zambia. Lumwana, a copper mine in northwestern Zambia, is already owned by the company. It considered selling …