Browsing Tag
Copper
12 posts
Zambia is among the main copper producers in the world and in Africa, ranking 7th in the World and 2nd in Africa after the Democratic Republic of Congo.
The country produced 837,996 tonnes in 2020, compared to 776,430 tonnes produced in 2019.
However, the production fell to 800,696 tonnes in 2021.
Zambia’s copper mines are concentrated in the Copperbelt Province, though the past decade has witnessed the establishment of mines in other parts of the country such as the North-Western Province.
Barrick Starts USD 2B Lumwana Copper Mine Expansion in Zambia to Double Output
Barrick has started construction of the USD 2B Lumwana copper mine expansion in Zambia to double output to 240,000 tonnes annually. The project includes a new plant, infrastructure upgrades, and investment in workforce and environmental programmes.
Zambia’s Lumwana Super Pit Expansion Set to Double Copper Output
On 11th September 2024, Barrick Gold announced that the feasibility study for the Lumwana Super Pit Expansion Project…
Canadian Company to Invest USD1.5m in Zambia Copper and Cobalt Projects
Redhawk Resources (TSX:RDK), a Canadian resource exploration and development company, will conduct USD1.5m exploration expenditures over 1 year…
Copper Price to Recover in 2017, World Bank Forecast
The World Bank (WB) projects that copper prices will start rising in 2017, reaching USD4,866, USD5,092 in 2018…
Zambia Copper Production Expected to Rise in 2016
The Zambia copper production is expected to rise by 5% in 2016 to 746,000t (2015: 710,560) thanks to…
Fitch Upgrade Rating of Mining Co in Zambia Long Term Debt Outlook to Stable
International ratings agency Fitch Ratings has recently its credit risk on (TSX:FM) long-term (LT) and senior unsecured debt…
Zambian Parliament Approves New Royalty Regime To Support Copper Industry
The Zambian Parliament has recently approved a new royalty regime for the copper industry.
Zambia To Introduce Variable Mining Tax Regime To Boost Profits, Investments And Jobs
The Zambia Chamber of Mines (ZCM) has recently announced that in March, 2016, the government will start employing…
Canadian Mining Company Opens Zambian Copper Mine To Feed New Smelter
Canadian-based First Quantum Minerals Ltd. (TSX:FM) has opened operations at its Zambian Sentinel copper mine to feed a…
Canadian Copper Producer Reports Improved Earning From Zambian Operations In 3rd Quarter 2014 Results
Copper and nickel producer, First Quantum Minerals Ltd., has announced its 3rd quarter results showing improved EBITDA of…