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Zambia could produce 1 million tons of copper by 2026– Finance Minister

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Zambia’s Finance Minister, Situmbeko Musokotwane, has revealed that the country’s copper output could rise to about 1 million tons by 2026, boosted by investment in expanding production at mines including those owned by First Quantum Minerals.

Zambia is Africa’s second-largest producer of copper and its economic growth has been on decline as the government targets lifting output to about 3 million tons within the decade.

The Zambia Chamber of Mines reported that copper production dropped from 763,000 tons the previous year to 698,000 tons the following year. Also, major industry player, Mopani Copper Mines recently got a new investor, and Konkola Copper Mines (KCM) is back in business after the state settled a disagreement with Indian miner Vedanta Resources over ownership. Both of these things could help production.

“The two mining giants (Mopani and KCM) were out of the equation, now they are back,” Musokotwane said on Lusaka-based radio station Radio Phoenix.

The Zambia Chamber of Mines reported that copper production dropped from 763,000 tons the previous year to 698,000 tons the following year.

Mopani Copper Mines recently got a new investor, and Konkola Copper Mines (KCM) is back in business after the state settled a disagreement with Indian miner Vedanta Resources over ownership. Both of these things could help production.

The Zambian government wants to raise the amount of copper they produce each year from about 850,000 metric tonnes to 3 million metric tonnes by 2032.

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Uganda discusses power line to South Sudan with China’s Sinohydro

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According to the president’s office, Uganda is in negotiations with Sinohydro Corporation Limited of China to build a $180 million power transmission line that would enable Uganda to export electricity to South Sudan, which is severely short on energy.

Ugandan President Yoweri Museveni received a group led by Vice President of Sinohydro Corporation Yang Yi Xin on Monday as part of the negotiations, according to a late-morning statement from Museveni’s office.

The project, according to the statement, will entail building a new substation and expanding two existing ones in addition to building a 138-kilometre high-voltage transmission line to provide power to South Sudan.

“We are very much willing to help develop this project with the required finance if needed,” Xin was quoted as telling the president.

The statement stated that Museveni endorsed Sinohydro’s proposal to carry out the project. Uganda and South Sudan inked a power sales deal in June of last year, enabling Uganda to sell electricity to South Sudan.

To enable Uganda to export electricity to South Sudan, the two nations inked a power sales deal in June of last year. The Chinese firm is completing a $1.5 billion, 600-megawatt hydropower project on the River Nile in Northern Uganda that is meant to be the source for electricity exports to South Sudan.

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Uganda considers nuclear energy to meet increased electricity demand

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Uganda’s Ministry of Energy and Mineral Development announced on Tuesday that it was collaborating with the International Atomic Energy Agency (IAEA) to develop nuclear energy in the country as power demand rises.

Irene Batebe, permanent secretary of the ministry, stated that the government, with the assistance of the IAEA, is investigating and evaluating uranium deposits to ensure a sustainable supply of nuclear fuel for the projected nuclear power plants and research reactors.

“Uranium is the most widely used nuclear fuel material in nuclear power plants and research reactors and is required for Uganda’s nuclear power program.

“The planned nuclear power capacity will require about 4,000 tons of Uranium annually when fully operational. Thus, there is a need for sustainable sources of uranium,” she said at the opening of the nine-day meeting with the experts from the IAEA.

Batebe stated that the government is modifying the Atomic Energy Act of 2008 to tighten the legal framework for the exploration, mining, and processing of nuclear fuel reserves. She stated that even if completely exploited, the country’s electricity generation capacity from hydro, biomass, geothermal, and peat will fall short of Uganda Vision 2040 ambitions.

“To meet our development targets, nuclear energy among other sources must be integrated in the electricity generation mix,” she said.

The Cabinet approved the Energy Policy for Uganda, 2023 in April 2023, which envisions the long-term development of 52,481 MW of generation capacity to meet future demand, with nuclear power accounting for 24,000 MW.

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