Edgar Lungu

Zambia: Largest Solar Plant Complete

Posted on by Mozambique Resources Post
Zambia: Largest Solar Plant Complete

President Edgar Lungu has commissioned a 54-MW solar power plant, as the construction of the Bangweulu plant reached completion. The plant is Zambia’s largest renewable energy project, constructed at a cost of $60 million. The solar power plant under the Bangweulu Power Company Limited is a JV of the Industrial Development Corporation and Neoen, a French company. The World Bank Group’s Scaling Solar Project awarded a contract to Neoen to construct a 100 MW solar…

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Africa Energy: Zimbabwe power generation set to improve

Posted on by Mozambique Resources Post
Africa Energy: Zimbabwe power generation set to improve

Work on the much anticipated $5,2 billion Batoka Gorge Hydro Electricity project will soon commence after President Mnangagwa met officials from the main contractors, General Electric and Power China yesterday.

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Mining & Safety: Lungu refuses to fire Minister following Zambian mining tragedy

Posted on by Mozambique Resources Post

Zambian President and leader of the ruling Patriotic Front (PF) party Edgar Lungu, has turned a deaf ear to calls for the Minister of Mines Richard Musukwa to be fired following Wednesday’s mining tragedy when at least ten miners were buried alive after the collapse of a mine dump in Zambia’s second-largest city and copperbelt mining hub Kitwe. The Zambian Observer reported on Thursday that just a day prior to the tragedy, Musukwa had declared the infamous black…

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Environment & Legislation: Zambia Cabinet approves changes to controversial mining royalties

Posted on by Mozambique Resources Post

The Cabinet of Zambia approved changes to controversial mining royalties on Monday after the finance and mines ministers proposed amendments, the president’s spokesperson said. “This follows extensive consultations with the mining industry in the light of significant changes in the fundamental assumptions upon which the law was based and the sudden fall in the price of copper,” the presidency said in a statement.

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Africa Mining Industry: Zambia is negotiating royalties increase with mining COs

Posted on by Mozambique Resources Post

Zambia President Edgar Lungu began negotiations with mining companies in the country to address concerns about the increase in royalties. The rate for open pit mines rose from 6% to 20% and in underground mines increased from 6% to 8%, from the 1st of January. Vale, which explores coal in Mozambique Moatize operations, produces copper in the country in Lubambe mine, through a joint venture with African Rainbow Minerals.

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