Connect with us

Metro

Zambia’s mining industry rakes in record $3.4b in investments

Published

on

The Chief Executive Officer of Zambia Chamber of Mines (ZCM), Sokwani Chilembo, has revealed that the country’s mining sector recorded an unprecedented US$3.4 billion in investment commitments in 2023 alone, which trumped the US$1.7 billion that was pledged last year.

In a statement on Monday in Lusaka, Chilembo revealed that from 2021 to 2023, a cumulative total of close to US$1 billion of capital expenditure had already been spent on turning existing operations around.

He noted that statistics from the ZCM showed that the performance of the mining industry in 2023 was an achievement that should be celebrated.

“It has been a very good year, both in terms of investment commitments and progress on the ground,” the CEO said.

He further highlighted some of the mining investments and pledges which took place during this year, starting with announcement by China Nonferrous Mining Corporation (CNMC) of a US$1.3 billion investment into its various operations in the country.

“This includes an investment of $200 million dollars into the Kasamba open cast mine in Lufwanyama District, which will supply Sinoleach’s operations in Chambishi.

“This investment will see Sinoleach almost doubling their production to around 20,000 tonnes of contained copper per annum,” Chilembo said.

He added that a $500 million investment in expanding operations at the NFCA Mine in Chambishi was expected to bring on board an additional 30,000 metric tonnes of copper per annum.

Chilembo also revealed the commitment by Barrick Lumwana to invest $2 billion into a new greenfield operation in North-western Province, called Kamisengo, would see an expected production of around 110,000 tonnes of copper each year.

“And, there is the very historic reactivation of Shaft 28 at Luanshya, where US$100 million will be spent on dewatering alone.

“On completion of the dewatering there will be an additional underground investment of approximately US$500 million, which will move Luanshya from its current 40,000-tonnes-per-annum production levels, to about 70,000 tonnes,” he added.

Metro

Mapanza traditional council shares positive outlook on media rights, freedom of expression

Published

on

Jonathan Muchindu, a representative of the Traditional Council of Mapanza Chiefdom in Choma District, Southern Province, Zambia, asserts that the media in Zambia currently enjoys “total” freedom of expression.

Muchindu attributed this position to the advancement of civilization, which he identified as a significant factor in ensuring media freedom.

He emphasized the role of the media in providing citizens with the necessary information to make informed decisions.

In an exclusive interview with Zambia Monitor in Choma, Muchindu, who also serves as the Director of the Zambia Corruption Prevention Watchdog, described the media and its content as essential elements akin to “food on the table.”

“We are truly privileged to witness the advancements in civilization. Previously, the media was confined to the hands of a few individuals, and its reach was limited.

“However, with the advent of technology, accessing news through various platforms such as radio and television has become commonplace.

“The media has evolved into an indispensable source of information, and its participation is now integral to our daily lives,” he remarked.

When questioned about the operational landscape of the media, Muchindu expressed confidence that no media entity currently faces undue interference or censorship.

“From our perspective, both in rural villages and urban centers, we have not encountered instances where journalists or media outlets have been subjected to harassment or undue influence.

“This collaborative effort had ushered in a sense of enlightenment among the populace, allowing for open discourse on governance matters, particularly in the realm of politics.

“The media enjoyed the same freedoms as ordinary citizens, and there is unequivocal liberty in its expression,” Muchindu concluded.

The declaration by the Traditional Council of Mapanza Chiefdom underscored a positive outlook on media freedom in Zambia and reaffirmed the critical role of the media in fostering informed public discourse.

This story is sponsored content from Zambia Monitor’s Project Aliyense.

Continue Reading

Metro

Nigeria loses N1.29trn annually to crude oil theft, vandalism— Reps Speaker

Published

on

Speaker of Nigeria’s House of Representatives, Hon. Abbas Tajudeen, has revealed that the country loses a whopping sum of N1.29 trillion to crude oil theft, pipeline vandalism and other forms of criminality in the oil sector.

Tajudeen, who spoke at the commissioning of the Nigerian Navy Training Command at Eleme, Rivers State in South-South Nigeria on Friday, said about 300,000 barrels of crude oil were also lost per day to oil theft by bunkerers.

Tajudeen who was represented at the event by the Chairman, House of Representatives Committee on Defence, Hon. Babajimi Benson, stated that the crude oil theft and pipeline vandalization has continued to pose a challenge to the Nigerian Navy which has hindered the service from rising up to its mandate of contributing to the survival of the national economy.

“Unfortunately, it is estimated that Nigeria loses over 300,000 barrels of crude oil daily to oil theft, pipeline vandalism and other forms of criminality. This has led to revenue losses estimated at N1.29 trillion annually,” the Lower Chamber Speaker said.

Speaking further on steps taken to curb the menace, Abbas said:

“Concerned about the adverse effects of oil theft in Nigeria, I inaugurated a special committee on Crude Oil Theft Loses on November 22, 2023, to determine decisive remedial actions to be taken.

“I commend the Nigerian Navy on the steps taken so far, and I urge the Navy to sustain the momentum.”

Also speaking, Nigeria’s Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, thanked the Rivers State Government for the donation of the entire complex to demonstrate the existing cordial relationship between the Nigerian Navy and Rivers State.

Ogalla said the relocation of the Headquarters Naval Training Command from Lagos to Ebubu-Eleme in Rivers State would bolster human capacity development of personnel of the Nigerian Navy.

“It will also assist in providing the enabling environment for learning and enable us to carry out the statutory manning of the entire state, and national security of our country.

“This is in line with Mr President’s mandate given to us to provide the enabling environment for the harnessing of the enormous economic potential inherent in our blue economy for the overall good, national prosperity and development.”

The Naval chief assured that the Nigerian Navy would continue to carry out operations to ensure security of the nation’s maritime domain as well as secure Rivers State and the entire Niger Delta region.

Continue Reading

EDITOR’S PICK

Sports16 hours ago

Al Ahly, Esperance to clash in CAF Champions League final

Two of Africa’s club giants, Egypt’s Al Ahly and Esperance of Tunisia, will do battle next month over two legs...

Culture16 hours ago

Collabo with Burna Boy enabled me buy house for my mum— Mozambican DJ Tarico

Mozambican disc jockey and sound-producer, DJ Tarico, has credited Nigeria’s Afrobeats sensation, Burna Boy, with his sudden wealth which enabled...

Tech16 hours ago

RepAir, Cella partner to launch carbon capture in Kenya

Global Direct Air Capture (DAC) firm, RepAir, has entered into a partnership with carbon storage technology company, Cella, to launch...

Metro18 hours ago

Mapanza traditional council shares positive outlook on media rights, freedom of expression

Jonathan Muchindu, a representative of the Traditional Council of Mapanza Chiefdom in Choma District, Southern Province, Zambia, asserts that the...

VenturesNow19 hours ago

World Bank grants Malawi $57.6 million for food crisis

As a response to its food crisis, the World Bank said on Friday that it would give Malawi $57.6 million...

Metro1 day ago

Nigeria loses N1.29trn annually to crude oil theft, vandalism— Reps Speaker

Speaker of Nigeria’s House of Representatives, Hon. Abbas Tajudeen, has revealed that the country loses a whopping sum of N1.29...

Tech2 days ago

Intel Liftoff Hackathon 2024 calls for applications from African AI startups

Applications for the 2024 cohort of Intel Liftoff Hackathon has opened for African AI startups designed to bring together aspiring...

Culture2 days ago

African men run away from single mothers— Joselyn Dumas

Veteran Ghanaian actress and media personality, Joselyn Dumas, has lamented the fact that most African men shy away from getting...

Sports2 days ago

Former Zambian captain Rainford Kalaba discharged from hospital after near-fatal accident

Former Zambian national team captain, Rainford Kalaba, has been discharged from hospital weeks after he was involved in a near-fatal...

Metro2 days ago

‘Cyber Act fails to protect the vulnerable,’ Student demands media inclusivity for persons with disabilities

Peter Libila, a student at Icof University’s Chipata campus, highlights the lack of awareness among individuals with disabilities and those...

Trending