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FQM Backs Zambia’s Export Transparency Initiative

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 …

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Kibali, DRC partner to promote local content

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 …

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From Rolling in the Copper Dust to producing Copper Cables?

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 …

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FQM Backs Zambia’s Export Transparency Initiative

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 …

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Lumwana Mine Exempted from BOZ Export Tracking Directive Due to Local Sales

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. …

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