Zambian president calls rail link connecting copper mines to Angolan port ‘once-in-lifetime’ break
Zambian President Hakainde Hichilema said a US-backed project to connect Zambia’s copper mines to an Angolan port offers the nation a “once-in-a-lifetime” opportunity.
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First Quantum re-shuffles management at Zambian operation
First Quantum Minerals Ltd (FQM) is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo seen by Reuters showed.
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Anglo American explores for copper, cobalt in Zambia
Anglo American is in the early stages of exploring for copper and cobalt in Zambia’s North-Western province, its chief executive officer Duncan Wanblad said on Monday.
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Visit: 96
First Quantum touts interest in its Zambia copper operations
First Quantum Minerals Ltd. has attracted interest from multiple parties wanting to buy a minority stake in its Zambian copper operations, as the Canadian miner continues efforts to shore up its balance sheet.
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Zambia seeks to restructure Glencore debt with new Mopani investor
Zambia is seeking to restructure a $1.5 billion debt owed by Mopani Copper Mines to Glencore, which arose from its acquisition of Mopani in 2021, state-owned mining firm ZCCM-Investment Holdings (ZCCM-IH) said on Friday.
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First Quantum said to be in talks with Jiangxi over Zambian mines
Mining News Pro - Canadian miner First Quantum Minerals (TSX: FM), which is reeling from the forced closure of its flagship copper mine in Panama, is said to be in talks to sell a stake in its Zambian operations to help shore its finances.
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First Quantum to fast-track Zambia project after Panama blow
Mining News Pro - Canada’s First Quantum Minerals has inked a deal with Zambia’s Mimosa Resources to fast-track their joint development of the Fishtie copper project in the African country’s Central Province, near the border with the Democratic Republic of Congo.
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Billionaire-owned Vedanta seals Zambian copper assets deal
Mining News Pro - Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company’s ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle that stifled investment.
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Sibanye CEO says Zambia’s Mopani Copper Mines investment not ‘onerous’
Mining News Pro - Sibanye Stillwater, which is among investors bidding to buy Mopani Copper Mines, said the amount of money required to expand output and run the Zambian assets profitably is not “onerous.”
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Zambia agrees to hand disputed copper assets back to Vedanta
Mining News Pro - Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines.
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Billionaire Agarwal pledges to pay Zambia creditors before retaking mine
Mining News Pro - Vedanta Resources Ltd. is ready to pay $250 million owed to suppliers in Zambia as soon as it resumes control of copper mines that were seized by the southern African nation’s government more than four years ago.
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Visit: 168
Britain agrees deals on clean energy, critical minerals with Zambia
Mining News Pro - Britain on Thursday said it had agreed deals with Zambia on clean energy and critical minerals as foreign minister James Cleverly ends a four-day visit to Africa to deepen ties.
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Visit: 157
Vedanta in advanced stage of deal with Zambia over copper mine
Mining News Pro - Vedanta Resources, owned by Indian billionaire Anil Agarwal, said it has reached an “advanced stage” of executing agreements with the Zambian government over Konkola Copper Mines Plc assets that have been in provisional liquidation for about four years.
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Zambia plans to choose buyer of Mopani Copper Mines by month-end
Mining News Pro - Zambia’s government has shortlisted companies that have submitted binding offers for Mopani Copper Mines and wants to select a new investor by July 31, its mines minister said on Friday.
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Zambia says deal with India’s Vedanta over disputed copper assets imminent
Mining News Pro - Zambia is close to resolving a dispute with Vedanta Resources over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit “imminent”, its mines minister said.
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Visit: 168
Court told Anglo turned blind eye to Zambian lead poisoning
South Africa’s High Court was told that Anglo American Plc turned a “blind eye” to lead poisoning in the Zambian town of Kabwe, where it held a stake in a mine for almost 50 years.
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Visit: 486
Gates, Bezos-backed KoBold Metals to build copper-cobalt mine in Zambia
Mining News Pro - The start-up, which has Gates’ Breakthrough Energy Ventures and the world’s top miner BHP (ASX:BHP) as shareholders, will use its artificial intelligence tools to process drilling data and optimize exploration for copper and cobalt at Mingomba.
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Sibanye-Stillwater eyes Zambia’s Mopani Copper Mines
Mining News Pro - Expansion-minded Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) is interested in Zambia’s Mopani Copper Mines (MCM), as the mine and smelter complex looking for new investors after Glencore sold the asset to the state mining firm ZCCM-IH in January last year.
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Zambia plans mine-tax concessions while trimming budget deficit
Mining News Pro - Zambia plans to reduce its budget deficit next year, even as it makes further cuts to copper mining royalties, Finance Minister Situmbeko Musokotwane said.
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Tertiary Minerals, FQM team up to boost copper exploration in Zambia
Mining News Pro - Shares in Tertiary Minerals jumped on Thursday after the junior said it had inked a technical cooperation agreement with First Quantum Minerals, which would “turbo-charge” its copper exploration projects in Zambia.
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Vedanta agrees to suspend lawsuits over Zambia copper mines
Mining News Pro - Billionaire Anil Agarwal’s Vedanta Resources Ltd. confirmed it has agreed to suspend legal action to reclaim copper mines Zambia seized three years ago, pending talks to settle the dispute.
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Zambia ends legal spat with Vedanta over seized copper mines
Mining News Pro - Zambia has agreed to end legal action against billionaire Anil Agarwal’s Vedanta Resources Ltd. as President Hakainde Hichilema seeks to revive mining output in the southern African country.
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Vedanta offers Zambia investment commitments if handed back KCM
Mining News Pro - Vedanta Resources has offered to step up investment in Zambia’s Konkola Copper Mines (KCM) and implement several social responsibility programmes if it resumes control of the local firm, a company letter sent to the government showed.
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Zambia “very close” to picking investor for Mopani copper mine
Mining News Pro - Zambia’s government is close to finding a private investor for Mopani Copper Mines, President Hakainde Hichilema said on Monday, in order to ramp up production at the mine, one of the biggest in the country.
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Visit: 355
Gemfields finds largest emerald ever at Zambia mine
Mining News Pro - Africa-focused Gemfields has found the largest emerald ever mined at its Kagem mine in Zambia — a 7,525-carat (1,505g) gemstone named Chipembele, which means “rhino” in the local dialect of Bemba.
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Visit: 841