Zambia’s Ministry of Mines and Minerals Development has crafted the National Critical Minerals Strategy (2024-2028) to guide investment in the exploration, mining, and processing of critical minerals—essential resources for modern technology and economic development.
Karen is an associate in the conveyancing and mining departments at Chibesakunda&Co.
She has experience in mining transactions involving joint ventures, competition and consumer protection compliance, property transfers and corporate reorganizations, corporate finance and conducting due diligences.
Experience has included advising:
- Development Bank of Southern Africa in various corporate financing and Restructuring
- Lubambe Copper Mines in relation to conducting a due diligence for an IPO and Vendor Due Diligence
- Maryland Global Initiative Corporation in relation to review of contracts
- Export Credit Bank Norway in relation to a financing of a solar pump project
- Citibank Zambia Limited in relation to their day to day operations and compliance queries
- DEG and FMO in relation to the restructuring of the US$30m debt to Handymans Group
- KCB Group in relation to a due diligence report of multiple financial institutions for a potential purchase
- Geiya Limited in relation to a potential Joint Venture Agreements
Professional Qualifications
- Advocate admitted to the High Court of Zambia (2019)
Education
- Zambia Institute of Advance Legal Education (ZIALE) : (2019)
- University of Lusaka (Zambia) : LLB (2017)
Membership
- Member of the Law Association of Zambia
This article provides a brief comparative analysis of the key changes proposed by the Bill in comparison to the existing Mines and Minerals Development Act No. 11 of 2015 (the “Mines Act”) in Zambia.
Chibesakunda&Co, a leading corporate and commercial law firm in Zambia, is pleased to have advised Prospect Resources Limited (Prospect Resources), an Australia Stock Exchange listed mining and exploration company, in relation to its acquisition of the Mombezhi Copper Project. Mombezhi is located between the world-renowned Sentinel Mine (operated by FQM) and Lumwana Mine (operated by Barrick Gold) in Zambia’s prized Copperbelt region.