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Consolidated Gold Company of Zambia Limited (CGCZ) Extract from 2020 Annual Report
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Consolidated Gold Company of Zambia Limited is a joint venture partnership between ZCCM-IH (45%) and Karma Mining Services and Rural Development (55%). Incorporated in the year 2020, this Special Purpose Vehicle is focused on developing a gold processing and trading hub in Zambia. Phase 1 will be undertaken in Rufunsa District and will require ZCCM-IH to invest US$1.4 million towards the total set-up cost of US$3.5 million.
