Mining News Zambia’s Post

We invite our valued shareholders to read the Quarterly Activities Report for the period ending 30 September 2024. This quarter marks significant progress at our Mumbezhi Copper Project in Zambia, where we have made great strides with our maiden drilling program. A total of 34 holes have been completed, covering 4,517 meters, as part of our effort to expand the high-grade copper mineralisation at Nyungu Central.   Notably, the results have been promising, with wide intersections including 64.3m at 0.53% Cu, 15.2m at 0.73% Cu, and 12.0m at 1.13% Cu. These results validate the potential of our historical data sets and bring us closer to declaring a maiden JORC Copper Mineral Resource for the Nyungu deposits, which we are targeting in Q1 2025.   In addition to our exploration activities, we successfully raised A$9.1 million in new equity, further strengthening our financial position as we continue to accelerate our growth-focused drilling and development workstreams. We also welcome @ Ian Goldberg to our Board as Executive Director Finance, bringing valuable leadership as we advance our strategy at Mumbezhi.   Our CEO, Sam Hosack, highlighted that these are exciting times for Prospect Resources as we take confident steps towards unlocking the full potential of the Mumbezhi Project. The Company is also pleased to see enhanced transparency from the Zambian Government, with recent amendments to the Minerals Regulation Commission Bill providing regulatory confidence for continued investment in Zambia.   We look forward to sharing more updates and encourage shareholders to read the full report for further insights into our progress.   Read the full Quarterly Report here: https://bit.ly/3YwS9i6   #ProspectResources #PSC #Mumbezhi #CopperExploration #Zambia #Copper #Mining #Exploration #ShareholderUpdate #ASX #QuarterlyReport

Kibali, Africa's largest gold mine, and ARSP, the regulatory body overseeing subcontracting in the DRC, are teaming up to boost local content initiatives. This collaboration aims to further increase the mine's utilization of Congolese contractors and suppliers, aligning with Barrick's global policy of supporting local businesses and employing host country nationals. Since 2009, Kibali has already invested over $2.6 billion with local suppliers and boasts a workforce where 95% are Congolese nationals, including the general manager. Miguel Kashal Katemb, CEO of ARSP, commends Kibali's efforts, urging them to continue their impactful contributions to the local and wider Congolese economy. Read more here: https://lnkd.in/diiAhTiz #LocalContent #SustainableDevelopment #DRCCommunity #ZambiaMining #MiningMagazine #IndustryInsights #StayInformed #MiningNewsZambia

The strategies need to be prioritized to adhere to sustainable mining operations in Tanzania, to ensure responsible exploitation of Tanzania's natural resources while safeguarding the livelihoods of current and future generations. This involves applying modern technologies and best practices to minimize the environmental footprint of mining activities and mitigate the long term impact on surrounding ecosystem. #sustainablemining #environmentalsustainability #climatechangesolutions #pollutioncontrol

The Zambia Development Agency (ZDA) is showcasing lucrative investment opportunities at the AFSIC conference. This event highlights Zambia's diverse sectors, from mining to agriculture, offering potential investors a chance to explore new ventures. Learn how ZDA's participation is opening doors for growth and development in Zambia. 🔗 Read the full article here: https://lnkd.in/dHCsJUkQ #InvestmentOpportunities #Zambia #AFSIC2024 #EconomicGrowth #MiningNewsZambia

🌟🇹🇿 Exciting News from the Ministry of Minerals, Tanzania! 🌟 As we continue to forge ahead with our commitment to Tanzania’s economic development, Dr. Steven Kiruswa, The Deputy Minister of Minerals was thrilled to share some outstanding achievements from our mining sector during the inauguration of the Tanzania Broadcasting Corporation (TBC) towers in Loliondo, Ngorongoro District, Arusha. 🎯 2025 Target: The Ministry of Minerals has been tasked with the ambitious goal of contributing 10% to Tanzania’s GDP by 2025. We are proud to report that as of now, we have already surpassed a 9% contribution, leaving us just shy of our target by 0.9%. 📍 Regional Focus – Arusha: For the 2023/24 fiscal year, we set a target for the Arusha region to collect 5.5 billion shillings from mining activities. As of March this year, we have successfully collected 3.18 billion shillings. With continued effort, we are on track to meet our June 30, 2024 deadline. These milestones reflect the hard work and dedication of our teams across the country. The integration of mining revenues into our national economy not only supports our fiscal targets but also fosters sustainable development in our mining communities. Stay tuned for more updates as we push forward toward our goals. Together, we are building a stronger and more prosperous Tanzania. #Vision2030 #MadiniYetu #MiningIndustry #TanzaniaDevelopment #TANZANIA #TanzaniaMinerals #Networking #TanzaniaMining #Vision2030 #MadiniNiMaishaNaUtajiri #MineralResearch #MiningSectorGrowth #MineralGovernance #InvestInTanzaniaMiningSector #EconomicDevelopment #MiningSector #Tanzania #GDPContribution #SustainableMining

Great news from KEFI Gold and Copper on the progress at the Tulu Kapi gold project in Ethiopia! As the project moves towards launch, the significance of establishing a robust infrastructure cannot be understated. At Soil Solutions, we are ready to support this venture with our advanced soil stabilization and dust control technologies. Our solutions can significantly enhance the structural integrity of access roads and other critical infrastructure, ensuring durability and sustainability. By improving road safety and reducing maintenance costs, we can help Kefi not only meet but exceed their operational and environmental management goals. Here’s to a successful project launch and a brighter, more prosperous future for the local communities! Intelligent Mining Solutions https://lnkd.in/dR32Z2qU #MiningDevelopment #SustainableMining #GoldMining #soilstabilization #dustcontrol #innovativesolutions #advancedtechnology #roadsafety #lowmaintenance #dustfree #operationalefficiency #costeffective #waterconservation #carbonreduction #environmentallyfriendly #sdg

MIIF's visionary approach to harnessing Ghana's mineral wealth for economic growth is commendable, but the challenge lies in balancing formalization with inclusivity. While the small-scale mining incubation program is a step in the right direction, it must ensure that artisanal miners are not disenfranchised in the process. The focus on corporate governance, capital provision, and traceability is crucial, but equal attention must be paid to environmental sustainability and social responsibility. As MIIF pursues its pan-African vision, it must prioritize collaborative governance, community engagement, and equitable benefit-sharing to truly transform mineral wealth into inclusive economic growth. #MIIF #Ghana #MineralWealth #EconomicGrowth #SmallScaleMining #Formalization #Inclusivity #Sustainability https://lnkd.in/eUhdkZ24

Excited to share my recent article on Sustainable Mining in Tanzania addressing Tailings Storage Challenges!  In the piece, I delve into the critical issues faced by the Tanzanian mining industry, emphasizing the environmental and reputational risks associated with tailings storage facility (TSF) failures.  Key takeaways:   ✅ Regulatory Landscape: Insight into Tanzania's Mining Commission and its role in ensuring safe TSF construction and operation.  ✅ Challenges Faced: Examples of environmental pollution consequences and the subsequent impact on mining operations in Tanzania.  ✅ Investor Perspective: How TSF breaches affect green investments and the challenges in securing financing from environmentally conscious institutions.  ✅ Community Impact: The broader economic and social implications of production halts, emphasizing the importance of stringent environmental regulations. Further, I explore the beacon of hope - the Global Industry Standard on Tailings Management (GISTM) - as a guide for mining operators to prevent catastrophic failures and uphold best practices. Read the full article here: https://lnkd.in/d3nAAEkP or get a copy of The Citizen newspaper (08 February 2024) Let's drive awareness and commitment to sustainable mining practices in Tanzania! 🌱💼 #SustainableMining #TanzaniaMining #TailingsManagement #EnvironmentalResponsibility

🌍 The integration of local content in the mining sector in South Africa 🇿🇦 is key to the economic development of the country! 💼📈 By working with local suppliers and subcontractors, hiring local staff and developing skills, we support communities and help boost the local economy. 🤝💪 This practice benefits multinationals by strengthening their brand image and reducing logistics costs, while local communities benefit from the jobs created and economic growth. 📊👥 Initiatives are being put in place to encourage local integration in the mining sector in South Africa, with tax benefits and partnerships with local businesses.🤝🎉 Let’s support these efforts for a more inclusive and sustainable mining sector in South Africa! Together we can make a difference. ✨💪 #LocalDevelopment #MiningSector #SouthAfrica #Employment #LocalEconomy

$30 Million Copper and Cobalt Mine Set to Boost Production in Zambia’s Copperbelt A new $30 million copper and cobalt mine, Chilibwe Mine, is set to begin operations in Mufulira District, Copperbelt Province. The mine, located off the Ndola-Mufulira road, spans 20 hectares and is expected to produce 2,000 metric tonnes of copper and cobalt per month over its projected 10-year lifespan. This venture aligns with President Hakainde Hichilema’s vision to increase Zambia’s copper output to 3 million tonnes annually by 2032. At a recent scoping meeting in Mufulira, Chilibwe Mine’s management engaged key stakeholders to discuss the project’s potential environmental and social impacts... Read more on the link below https://lnkd.in/gEmaE7mw