Local News

Recognising water risk in mining due diligence

Water-related risks can easily be underestimated in a due diligence study of a mining operation, with pollution and flooding being among the many aspects that prospective investors or lenders need to consider. “In most mining transactions, the issue of water generally presents a significant risk to investors,” said Peter Shepherd, …

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Powering Africa’s Mining Future through Partnerships

The time is ripe for Africa’s mining sector to realise its full potential. With vast mineral reserves, the continent holds the resources needed to drive the next phase of development, both for Africa and the world. As global debates continue over which minerals will fuel this growth, renewed international interest …

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C&I Energy + Storage Summit Set to Electrify Zambia’s Business Landscape

The C&I Energy + Storage Summit Zambia, a pivotal event for the Southern African Development Community (SADC) region, is poised to launch on August 27-28, 2025, in Lusaka. This landmark summit will introduce a dynamic platform aimed at tackling pressing energy challenges and delivering sustainable solutions for the commercial and …

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CEC market capitalisation exceeded US $1 billion

The Copperbelt Energy Corporation’s (CEC) market capitalisation has exceeded US $1 billion, a historic first for any company listed on the Lusaka Securities Exchange (LuSE). The Company Secretary, Julia Chaila said crossing the one-billion-dollar threshold reflects confidence in business operations and strategy as CEC continues to provide reliable and sustainable …

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Paratus, TouchNet partner to launch Zadara AI Sovereign Cloud

Paratus Zambia in partnership with TouchNet has launched the Zadara AI Sovereign Cloud, an enterprise-grade cloud computing solution now available locally and is hosted at the Paratus Zambia Data Center. While this solution has been successfully deployed in other African markets, its launch in Zambia marks a major milestone in …

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Prospect expands exploration, evaluation at Mumbezhi

Prospect Resources has commenced phase two drilling and exploration programmes at its Mumbezhi Copper Project in the Copperbelt. The Managing Director and Chief Executive Officer of Prospect, Sam Hosack said the phase 2 programme has been designed to validate the significant potential for a material, large scale resource at Mumbezhi. …

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Copper Giants Unite: First Quantum Stakes Major Claim in Prospect’s Zambian Venture

Johannesburg: The race for Africa’s rich copper belt has intensified with global mining heavyweight First Quantum Minerals (FQM) making a significant strategic move, injecting US$15.2 million into Australian-based explorer Prospect Resources. In return for this cornerstone investment, FQM will secure a substantial 15% shareholding in Prospect, a move that promises …

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Jubilee Boosts PGM Output Through Strategic Partnership

A diversified metals processor with operations in South Africa and Zambia,Jubilee, has entered into a strategic joint partnership with a South African PGM producer to unlock value from surplus platinum group metals (PGM) feed material generated by its booming chrome operations. The agreement follows record chrome production in the six months …

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Lusaka Gears Up for Pivotal Land-Linked Zambia Conference, President Hichilema to Grace Event

With anticipation mounting, preparations are in full swing for the 4th Land-Linked Zambia Conference, set to transform Lusaka into a nexus of regional trade and infrastructure dialogue. The event, scheduled for April 10-11, 2025, at the Ciêla Resort, has garnered unprecedented interest, drawing delegates from across Africa and beyond. Under …

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Mumbezhi granted two large scale mining licences

Mumbezhi copper project in the north-west of the country has been granted two large scale mining licences (LML). The developers of the project Prospect Resources the development marks a significant transition for Mumbezhi. “The rapid grant of the LMLs over Mumbezhi is a testament to both the underlying opportunity presented by …

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