Zambia is the world's second biggest producer of emeralds, with its Kafubu River area deposits (Kagem Mines) about southwest of Kitwe responsible for 20% of the world's production of gem-quality stones in 2004.Behling, Steve and Wilson, Wendell E. (January 1, 2010) "The Kagem emerald mine: Kafubu Area, Zambia", The Mineralogical Record, via TheFreeLibrary In the first half of 2011, the Kagem Mines produced 3.74 tons of emeralds. In April 2022, Gemfields, the majority owner in the mine, recorded a record U$42.3 million at a sold out March/April auction and since 2009, Kagem-sourced gemstones (emerald and beryl) have netted Gemfields revenue totaling U$792 million with the proceeds fully repatriated to Kagem in Zambia, with all royalties due to the Zambian government paid on the full sales prices achieved at auctions. +Kagem Mines PerformanceYearPremium Emerald (carats)Emerald and Beryl ('000 carats)2019204,60036,3002020133,9009,4002021230,50032,0002022259,50037,241 Rich deposits of Uranium have been discovered in some parts of Zambia. In 2007, the Zambian government sought scrutiny and guidance from the International Atomic Energy Agency (IAEA) on its developed guidelines to regulate the mining of uranium in the country. In 2008, deposits were found in Kaputa District, Northern Province. Albidon Zambia Limited also confirmed the presence of high-grade uranium mineralisation at its Njame east project near Chirundu. In the Southern Province, 31 km North of Siavonga, and north of Lake Kariba, there are 5 main Uranium Deposits: Mutanga, Dibwe, Dibwe East, Njame, and Gwabe explored under The Mutanga Uranium Project. The Canadian Toronto Stock Exchange (TSX) listed GoviEx Uranium Inc acquired 100% of the Mutanga Project also known as the Kariba Uranium Project in 2016. In March 2022, GoviEx announced that the Project is forecast to start production in 2027 and could be the lowest capital intensive uranium project in Africa.
zambia is the world's second biggest producer of emeralds with its kafubu river area deposits (kagem mines) about southwest of kitwe responsible for 20% of the world's production of gem-quality stones in 2004behling steve and wilson wendell e (january 1 2010) "the kagem emerald mine kafubu area zambia" the mineralogical record via thefreelibrary in the first half of 2011 the kagem mines produced 374 tons of emeralds in april 2022 gemfields the majority owner in the mine recorded a record u$423 million at a sold out march/april auction and since 2009 kagem-sourced gemstones (emerald and beryl) have netted gemfields revenue totaling u$792 million with the proceeds fully repatriated to kagem in zambia with all royalties due to the zambian government paid on the full sales prices achieved at auctions +kagem mines performanceyearpremium emerald (carats)emerald and beryl ('000 carats)20192046003630020201339009400202123050032000202225950037241 rich deposits of uranium have been discovered in some parts of zambia in 2007 the zambian government sought scrutiny and guidance from the international atomic energy agency (iaea) on its developed guidelines to regulate the mining of uranium in the country in 2008 deposits were found in kaputa district northern province albidon zambia limited also confirmed the presence of high-grade uranium mineralisation at its njame east project near chirundu in the southern province 31 km north of siavonga and north of lake kariba there are 5 main uranium deposits mutanga dibwe dibwe east njame and gwabe explored under the mutanga uranium project the canadian toronto stock exchange (tsx) listed goviex uranium inc acquired 100% of the mutanga project also known as the kariba uranium project in 2016 in march 2022 goviex announced that the project is forecast to start production in 2027 and could be the lowest capital intensive uranium project in africa