Search results for 'Copper'
World
Zambia's Copper Exports to China: Navigating the Impact of China’s Reduced Imports

Zambia is Africa's second-largest copper producer, with the metal accounting for around 70% of its export earnings according to Reuters. China has been one of the primary markets for Zambian copper, a

Apr 14, 2023
World
Copper market to remain tight in 2023 before surpluses emerge

The ICSG now expects world copper mine production to increase by 3% in 2023, lower than the 5% growth forecast in October 2022. This downward revision is owing to operational issues, equipment failure

May 12, 2023
Zambia
"Copper surplus hits 332,000 tonnes in Q1 2023, what does it mean for Zambia and other copper producers?"

According to the ICSG, world refined copper output increased by 7.5% to 6.69 million tonnes, while usage was estimated to be 2.3% higher at 6.35 million tonnes. This surplus can be attributed to a ris

May 29, 2023
Zambia
ZCCM Investments Holdings Releases 2022 Financial Update, Focus on Reviving Mopani and Pursuing New Opportunities

Mopani, ZCCM’s flagship copper mining operations, incurred a loss of ZMW5.08 billion in 2022 compared to ZMW 1.46 billion in 2021. Mopani’s smelter shutdown for 45 days hampered its copper production,

Jul 02, 2023
Climate
CEC Reports Strong Half-Year Results, Resolves Historic Issues, and Focuses on Clean Energy Integration

For the six-month period ending June 30th, 2023, CEC reported revenues of USD 186.6 million, a 2% increase from the previous year, primarily attributed to regional and local power sales growth. The co

Aug 25, 2023
Markets
De Beers' Cycle 8 Rough Diamond Sales Reflect Industry Rebalancing and Increased Marketing Investment

De Beers, a subsidiary of global mining company Anglo American, has reported a provisional figure of $200 million for the rough diamond sales value in its eighth sales cycle of 2023. This figure repre

Oct 06, 2023
South Africa
Anglo American Reports Mixed Results in Q3 2023 Production

Anglo American plc, a global mining company, released its production report for the third quarter ended September 30, 2023. The report showcased a mixed performance across its various operations, with

Oct 24, 2023
Zambia
ZCCM Investments Holdings PLC Progresses in Negotiations with Vedanta: A Game-Changer for Zambia's Mining Industry

ZCCM Investments Holdings PLC (ZCCM-IH) has taken a significant step forward in negotiations with Vedanta Resources Limited, potentially reshaping the future of Konkola Copper Mines (KCM). The recent

Nov 07, 2023

Top Stories

A Looming Dark Christmas: Zimbabwe's Power Sector in Shambles

Zimbabwe is likely to face a dark festive season due to persistent power outages. The continued nationwide blackouts and inadequate power generation, which fails to meet demand, support this predicti

Dec 18, 2024

Zimbabwe Achieves Wheat Self-Sufficiency Setting New Record: A Closer Look

Zimbabwe's agricultural sector has achieved a landmark milestone, with the country's wheat harvest reaching an unprecedented 563,961 metric tons (MT) as of the latest update. This is according to the

Dec 18, 2024

Drought Threatens Regional Power Supply: What Lake Cahora Bassa's Water Level Erosion Means for Zimbabwe

Zimbabwe's struggles with power challenges have extended beyond its borders, affecting one of its key electricity import sources. The Cahora Bassa dam in Mozambique's Tete province has reached a crit

Dec 17, 2024

Tanganda Returns to Profitability as Avocado ,Tea Booms

Tanganda Tea, a company listed on the Zimbabwe Stock Exchange (ZSE), has made a remarkable turnaround, recording a profit after tax of USD1.4 million for the year ended 30 September 2024. This is a si

Dec 16, 2024

Zimbabwe's Power Supply Plummets to Lowest Level in Over 12 Months

Zimbabwe's power generation has plummeted to its lowest level in over 12 months, with daily electricity production hitting a dismal 736 MW on December 16. This marks a new low for 2024, surpassing the

Dec 16, 2024

Zimbabwe’s Electricity Import Bill Jumps 45% in Q3

The Zimbabwe National Statistics Agency (Zimstat) has revealed a significant 45% uptick in electricity imports, with the country bringing in 611.1 gigawatt-hours (GWh) during the third quarter of 2024

Dec 16, 2024

Government Seeks Bigger Slice of Mining Pie: Is the 26% Proposed Stake Feasible?

Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled

Dec 16, 2024

28 Zimbabwe-Linked Gold Mafia Members Placed on U.S. Sanctions

The United States and United Kingdom have imposed stringent sanctions on individuals implicated in gold smuggling and money laundering operation based in Zimbabwe, effective December 9, 2024.

Dec 10, 2024