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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, …

According to the Zambia Chamber of Mines, Copper producers in Zambia are ready to start $2 billion expansion projects next year if they can reach a royalties agreement with President-elect Hakainde Hichilema’s new administration. Companies such as First Quantum Minerals Ltd. and EMR Capital are ready to raise capital for …

The Policy Monitoring and Research Centre (PMRC) executive director Bernadette Zulu says the continued investments in the energy sector are an ingredient for industrialisation. She said if investors reciprocate by investing in key economic sectors, the government’s heavy investment in power generation over the last decade will soon change the …

…ore off-take agreement clinched Chillerton, an emerging copper and cobalt development company, has become one of the largest license holders in the Copperbelt following the award of a further three large scale mining (LSM) licences in July 2021. According to the company, the licenses cover in excess of 20,000 hectares …

According to media reports in Zambia, opposition leader Hakainde Hichilema of Zambia won a landslide victory in the country’s presidential election, a development that bodes well for a possible bailout with the International Monetary Fund (IMF). At a press conference in the capital, Lusaka, Electoral Commission of Zambia Chairman Esau …

The past 18 months have torn through industry and sector globally, leaving behind complex layers of economic instability and financial growth uncertainty. For the oil and gas sector, these months have hit the bottom line like a hammer – as the African Energy Chamber (AEC) Africa Energy Outlook 2021 report …

Due to robust demand and restricted supply, tin and aluminium prices are expected to outperform the rest of the basic metals complex in the second half of 2021, according to Antaike, a state-backed Chinese research agency. “Tin and aluminium are still much stronger than other metals, followed by nickel and …

This month marks five years since the commissioning of Zambia’s largest coalfired Thermal Power Plant at Maamba Collieries Limited (MCL) in Sinazongwe District, Southern Province and commencing supply of electricity to the national grid. The state-of-the-art 300 MW plant was commissioned by the Republican President H.E. Mr Edgar Chagwa Lungu …

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 …

Several players active in North Africa’s oil and gas space-producing countries, independent oil companies (IOCs), service providers, and others, are already signed up for Africa Oil Week in November this year. Africa Oil Week announced that the event is temporarily moved to Dubai as a Covide-19 safety measure, but will …