4 items across 6 digests
Shuka Minerals has commenced Phase 1 drilling at the No.2 orebody of its Kabwe zinc mine in Zambia, with the initial diamond drill hole planned at 65° angle. This drilling campaign could expand the known zinc resources at a time when base metals demand remains strong for industrial applications.
Barrick's Lumwana super pit copper expansion in Zambia continued advancing on time and on budget during Q1 2026, with initial mill building construction progressing. This expansion increases global copper supply capacity at a time when electrification and renewable energy drive unprecedented demand.
Gemfields reported operational interruptions at its 75%-owned Montepuez Ruby Mining operation in Mozambique and Kagem emerald mine in Zambia, which weighed on output and cash generation. These disruptions highlight operational risks in African gemstone mining that can significantly impact production and financial performance.
Jubilee Metals Group completed the sale of its South African chrome and PGM operations to focus entirely on Zambian operations, while considering changes to its board structure and dividend policy. The strategic shift concentrates the company's resources on its remaining African mining assets.
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