Some of the country's largest mining companies are copper producers, which means any foreign investment involving those miners would face intense scrutiny.

Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.

LME tin, trading around $33,250 per ton, is up by 31% on the start of the year.

The government in February 2023 found its first lithium deposits in Jammu and Kashmir with estimated reserves of 5.9 million metric tons.

International Resources Holding had wanted a majority stake in Konkola Copper Mines to consolidate its position in Zambia after buying a 51% stake in Mopani.

The company has reached an agreement to settle a dispute over the Nabeba iron ore project.

In his message to the nation, President Mulino said he will order a strict environmental audit.

The company is still reluctant to abandon the sales process despite the setback, given the strong early interest it received in the mines.