Recent News

Australian company Weatherly has entered into a binding agreement to purchase 100% of the Kitumba copper project. The AU$ 4.75 million deal is subject to certain conditions precedent including intrepid shareholder approval and any regulatory approvals required in Zambia and Australia. Kitumba copper development project hosts a JORC-compliant measured and indicated resource of 24.9Mt at a copper …

Konkola Copper Mines (KCM) has announced intentions to set up a new copper smelter, cobalt refinery and other infrastructure. The projects are to be financed through the $1 billion investment programme announced earlier this year. In March Vedanta announced the $1 billion investment after a meeting between its Chairman Anil …

The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers. The line a route for copper exports from Zambia and the Democratic Republic of Congo (DRC), but the firm transporting the metal struggles to pay its workers, prompting strikes. Conrad …

GoviEx Uranium Inc. has filed the technical report on a preliminary economic assessment (PEA) of the Mutanga Uranium Project. Prepared by qualified persons from SRK Consulting highlights include the project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life, …

ZCCM –IH wants to increase its stakes across the country, as copper prices rebound. “It’s encouraging us to invest even more in copper. That’s why we want to increase our shareholding in some of the assets we have,” Pius Kasolo, Chief Executive Officer of ZCCM-IH told Reuters on the sidelines …

Focused on the development of multiple integrated power projects in Botswana to meet the increasing demand for power in the southern African region – African Energy Resources (AFR) has set eyes on Zambia. AFR said the fast growing electricity demand from all sectors; residential commercial and industrial users should prop …

GoviEx Uranium has announced encouraging results of a preliminary economic assessment for the Mutanga Uranium Project. Mutanga is GoviEx’s second large-scale, mine-permitted project in Africa postioned for development The project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine …

Zambia Chamber of Mines (ZCM) has urged all stakeholders in the mining industry to proactively participate in the industry’s health and safety industry. “Safety is a collective responsibility, and involves everybody – from the highest levels of the company right down to the shopfloor,” said Nathan Chishimba, ZCM President  at …

Authorities are expected to draft a policy compelling mining firms to set up processing plants for finished copper products in Zambia. Christopher Yaluma, the minister of mines says it is unacceptable to continue importing finished copper products, instead of manufacturing from within the country. Yaluma says copper beneficiation will create …

Kwikspace Modular Buildings (Kwikspace), provides quick, reliable and relocatable solutions provided to Zambian mining communities. A leading manufacturer of modular buildings, which has previously completed a number of projects in Zambia, has broadened its operations by opening a branch in Lusaka. Kwikspace’s branch was established to facilitate the workings of …