24th May 2020, Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As mandated by Government to harness the gold potential in the country, ZCCM-IH strategy is to forge partnerships with any industry player within the gold value chain. The partnership […]
In compliance with the requirements of the Securities Act No 41 of 2016 and the Lusaka Securities Exchange (“LuSE”) Listings Requirements (the “Rules”), shareholders are informed that on 11 November 2019, KHL filed a Request for Arbitration in London against ZCCM-IH (as Respondent) and KMP (as Nominal Respondent). These Arbitration proceedings are strictly confidential as […]
20th May 2020, Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture partnership through its subsidiary Consolidated Gold Company Zambia (CGCZ), with Array Metals, a global mining firm to process gold ore in Mumbwa, west of Lusaka. An initial investment of approximately $2.5 million will be invested in this first stage […]
ZCCM IH has announced that the matter in which it filed a petition in the High Court of Zambia regarding the future of Konkola Copper Mines is currently ongoing and has provided for further subtle details in the matter. “Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May 2019, […]
13thMay 2020, Lusaka, Zambia – Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. The Phase involves ten (10) gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold production per month. The next stage of […]
ZCCM IH has announced that it will be working with registered gold mining cooperatives in Rufunsa, Vubwi, and Lundazi in gold recovery and exploration activities according to CEO Mabvuto Chipata. ZCCM-IH has been mandated by the Government to drive the national gold agenda. The key to this mandate is to help formalize the activities of […]
According to a report published by the International Labor Office, “small-scale mining is expanding rapidly and often uncontrollably in many developing countries, employing large numbers of women and children in dangerous conditions and generating a workplace fatality rate up to 90 times higher than mines in industrialized countries”. The report further states that “as much […]
05th May 2020, Lusaka, Zambia – Works at the manganese mine in Serenje have commenced following the end of the heavy rains that had hampered kick-starting operations, posing a challenge in accessing the mine site areas. ZCCM Investments Holdings Plc (ZCCM-IH) through its wholly-owned subsidiary Kabundi Resources Limited (KRL) are on-site and have started Phase […]
ZCCM Gold Company has injected approximately K45 million for the initial phase of the Kasenseli Gold Mine Project in Mwinilunga. With the granting of the exploration license by the Ministry of Mines and Minerals Development end of March 2020, ZCCM Gold moved on-site and started mobilisation in the first week of April 2020 to undertake […]
Regulatory compliance is key to getting the gold ambition right The parent company of Zambia’s recently launched gold company has announced that its subsidiary has made an initial investment of K45 million that will see the outfit establish a regulatory compliant mining house in the heart of North Wester Province, according to a published statement […]
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