Manganese Mine In Serenje District Reopens

Works at the Manganese Mine in Serenje District of Central Province 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 Public Relations Manager Loisa Kakoma says ZCCM Investments Holdings PLC through its wholly owned subsidiary Kabundi resources limited are on site and have started phase one of the project in the small-scale mining license, with an initial capital injection of k18.6 million.

Mrs Kakoma explains that phase two of the project which is scheduled to start before the onset of this year’s rainy season will be extended to other areas of the ZCCM-IH large scale exploration area in Serenje.

She says ZCCM-IH Chief Executive Officer Mr. Mabvuto Chipata undertook a site visit end of April 2020, were he also inspected works at the Kampumbu Resettlement area earmarked for relocation of 9 households from the Kabundi mine site.

Source: https://www.phoenixfm.co.zm/business/manganese-mine-in-serenje-district-reopens/

Consolidated Gold Company of Zambia Limited (CGCZ) Extract from 2020 Annual Report

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.  

ZCCM-IH Manganese project starts

ZCCM-IH has targeted to produce 60,000 tonnes of manganese this year at its mine in Serenje, which has commenced following the end of heavy rainfall.

The rain pattern had posed a challenge in accessing the mine sites, hence operations could not start earlier.

ZCCM-IH, through its wholly owned subsidiary Kabundi Resources Limited (KRL), has started phase one of the project in the small-scale mining license, with an initial capital injection of K18.6 million.

Public Relations Manager, Loisa Mbatha-Kakoma, yesterday told the Daily Nation that phase two of the project which was scheduled to start before the onset of this year’s rainy season would be extended to other areas of the ZCCM-IH large scale exploration area in Serenje.

Ms Kakoma said ZCCMIH Chief Executive Officer, Mabvuto Chipata, undertook a site visit last month and inspected works at the Kampumbu Resettlement area earmarked for relocation of nine households from the Kabundi mine site.

She said the Resettlement Action Plan (RAP) approved by the Zambia Environmental Management Services (ZEMA) involves the construction of an additional one-by-two classroom block and a health centre.

Nine three bedroomed houses for the relocation of the Project Affected families, one house for a teacher, and another house for a medical staff were also part of RAP.

“These buildings will also be serviced and fully connected with piped water sourced from water boreholes to be drilled in the area. Mr Chipata was happy with the progress made both at the mining operation and the RAP sites.

“The mine will be fully operational by July 2020. ZCCM-IH will spend a total of K4.5 million to fulfil the RAP obligations, which are scheduled to be handed over to the beneficiaries in June 2020,” Ms Kakoma said.

 

Source: https://www.pressreader.com/zambia/daily-nation-newspaper/20200506/281835760869622

Serenje town set to ride the electric car curve

The central province town of Serenje, has joined the list of mining towns in Zambia after the confirmation that manganese mining has resumed and is expected to give it an alternative economic engine. The town which lies next to one of Zambia’s largest commercial farming hub of Mkushi, has mostly been an agricultural area and houses the massive 110,000 hectares Nansanga farm block.

The resumption of manganese mining is not only good for the economic diversification of Serenje, but for Zambia as a country. Manganese has recently become a well sought out metal following the shift in mostly the motor vehicle industry from combustion engines (petrol or diesel powered engines) to manganese-lithium battery powered electric cars.

ZCCM Investments Holdings Plc has announced that its subsidiary, Kabundi Resources Limited has commenced works at the manganese mine located in Serenje district following the end of the heavy rains that had hampered efforts to kick-starting operations, posing a challenge in accessing the mine site areas.

Kabundi Resources Limited – KRL are on site and have started phase one of the project via a small-scale mining license, with an initial capital injection of K18.6 million (about US$1 million). The ore grade is on average at 45%, which is relatively considered rich.

The company has disclosed that KRL targets to mine about 60,000 tonnes of manganese by the end of the year during the ramp up period of operations while production is targeted to reach 240,000 tonnes of manganese ore annually once commercial production levels are achieved.

ZCCM-IH Chief Executive Officer – CEO Mabvuto Chipata said in a statement made available to the Zambian Business Times – ZBT on April 05, 2020 that phase two of the project which is scheduled to start before the onset of this year’s rainy season will be extended to other license areas of the ZCCM-IH large scale exploration area in Serenje.

“I undertook a site visit end of April 2020, were we also inspected works at the Kampumbu resettlement area earmarked for relocation of nine (9) households from the Kabundi mine site,” He said.

He added that the Resettlement Action Plan (RAP) approved by the Zambia Environmental Management Services – ZEMA involves the construction of an additional one-by-two classroom block, a health center, nine-by-three bedroomed houses for the relocation of the Project Affected families, one house for a teacher, and another house for a medical staff.

Chipata was happy with the progress made both at the mining operation and the RAP sites saying the mine will be fully operational by July 2020, and looked forward to having it officially launched by August 2020. ZCCM-IH is set to spend a total of K4.5 million to fulfil the RAP obligations, which are scheduled to be handed over to the beneficiaries in June 2020.

The ZCCM IH CEO further said the RAP project has so far employed over 20 locals and the KRL will further employ over 150 youths at the mine site as production scales up upon relocation of the affected families.

Zambia as a country has many avenues to turn around its fortunes and even pay off its national debt, but the pace of implementation of key revenue generating projects remains a challenge. As they say, the proof of the pudding is in the eating, it remains to be seen if ZCCM IH and it’s subsidiary Kabundi Resources will deliver the planned production levels and exports.

ZCCM Gold company is also another avenue to boost the countries revenue earnings which is moving at a snails pace. When the countries debt serving obligations are mounting, the country defaults to asking the government to get an IMF/world bank bail out package, why not instead put pressure for realizing such projects one may ask?

Source: https://zambianbusinesstimes.com/serenje-town-set-to-ride-the-electric-car-curve/

Works at the ZCCM-IH supported Manganese mine in Serenje commences

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 one of the project in the small-scale mining license, with an initial capital injection of K18.6 million.

Phase two of the project which is scheduled to start before the onset of this year’s rainy season will be extended to other areas of the ZCCM-IH Large Scale Exploration area in Serenje.

ZCCM-IH Chief Executive Officer Mr. Mabvuto Chipata undertook a site visit end of April 2020, where he also inspected works at the Kampumbu Resettlement area earmarked for the relocation of nine (9) households from the Kabundi mine site.

The Resettlement Action Plan (RAP) approved by the Zambia Environmental Management Services (ZEMA) involves the construction of an additional one-by-two classroom block, a health center, nine-by-three bedroomed houses for the relocation of the Project Affected Families, one house for a teacher, and another house for medical staff.

These buildings will also be serviced and fully connected with piped water sourced from water boreholes to be drilled in the area.

Mr. Chipata was happy with the progress made both at the mining operation and the RAP sites.

He stated that the mine will be fully operational by July 2020, and looked forward to having it officially launched by August 2020.
ZCCM-IH will spend a total of K4.5 million to fulfil the RAP obligations, which are scheduled to be handed over to the beneficiaries in June 2020.

The RAP project has so far employed over 20 locals. KRL will further employ over 150 youths at the mine site as production scales up upon relocation of the affected families.
KRL targets to mine about 60,000 tonnes of manganese by the end of the year during the ramp-up period of operations.

Production is targeted to reach 240,000 tonnes of manganese ore annually once commercial production is achieved.
The Company is a strategic investment aimed at diversifying the commodity mix of the ZCCM-IH’s portfolio which is largely comprised of copper producing assets.

Source: https://www.lusakatimes.com/2020/05/05/281933/

ZCCM-IH Starts Mining Maganese In Serenje

The ZCCM-IH has started operations at its Manganese mine in Serenje, Central province, with expected production of 240, 000 thousand tonnes annually, once commercial production is achieved.

This is through ZCCM-IH’s Kabundi Resources, with an initial capital of K18.6 million.

The start of operations follows the end of the rains, which had hampered the project, as there was a challenge in accessing the mine area.

Phase two of the operations is expected to start before the onset of this year’s rain season, with large scale exploration in the same area.

ZCCM-IH Chief Executive Officer, Mabvuto Chipata says the mine will be fully operational by July 2020, and the company is looking forward to having it officially launched by August, this year.

Mr Chipata has also visited the Kampumbu Resettlement area, which is earmarked for relocation of 9 households, displaced from the Kabundi mine site.

He has explained that ZCCM-IH will spend K4.5 million to fulfil the relocation of affected families.

This is according to a statement availed to ZNBC news today by ZCCM-IH Public Relations Manager, Loisa Kakoma.

Source: https://www.znbc.co.zm/news/zccm-ih-starts-mining-maganese-in-serenje/

ZCCM-IH STARTS MANGANESE MINING OPERATIONS IN SERENJE

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, the ZCCM Investments Holdings Plc (ZCCM-IH) has said.

ZCCM-IH Public Relations Manager Loisa Kakoma reviewed that the company through its wholly-owned subsidiary Kabundi Resources Limited (KRL) is already on-site to commence the initial works of the project.

“We have started the first phase of the project in the small-scale mining license, with an initial capital injection of K18.6 million,” Ms. Kakoma said.

She added: “Phase two of the project which is scheduled to start before the onset of this year’s rainy season will be extended to other areas of the ZCCM-IH Large Scale Exploration area in Serenje.”

Ms. Kakoma also disclosed that ZCCM-IH plans to spend a total of K4.5 million to fulfill the Resettlement Action Plan (RAP) obligations, which are scheduled to be handed over to the beneficiaries in June 2020.

“RAP involves the construction of an additional one-by-two classroom block, a health center, nine-by-three bedroomed houses for the relocation of the project affected families, one house for a teacher, and another house for a medical staff,” She added.

She also stated that the RAP project has so far employed over 20 locals and added that KRL will further employ over 150 youths at the mine site as production scales up upon relocation of the affected families.

The ZCCM-IH mouth piece further said: “KRL targets to mine about 60,000 tonnes of manganese by the end of the year during the ramp-up period of operations. Production is targeted to reach 240,000 tonnes of manganese ore annually once commercial production is achieved.”

KRL is a strategic investment aimed at diversifying the commodity mix of the ZCCM-IH’s portfolio which is largely comprised of copper producing assets.

Source: https://www.techwatch.news/zccm-ih-starts-manganese-mining-operations-in-serenje/

Mopani Copper Mines plc (MCM) Extract from 2020 Annual Report

During the financial year to 31 December 2020, Mopani Copper Mines (MCM) recorded net revenue of ZMW4.93 billion (US$ 714.44 million) [December 2019: ZMW4.93 billion (US$369.84 million)]. The net loss for the period under review was ZMW9.31 billion (US$ 474.56 million) [December 2019: ZMW9.31 billion (US$ 698.92 million net loss)].  

During the year ended 31 December 2020, MCM produced a total of 90,050 tonnes of copper (2019: 21,554 tonnes).  On 31st March 2021, ZCCM-IH and Glencore signed an agreement in which ZCCM-IH would purchase the 90% interest in Mopani held by Carlisa Investments Corp. (“Carlisa”), in which Glencore holds 81.2% of the shares for a US$1 consideration and US$1.50 billion in Transaction Debt. 

There were no dividends paid during the financial year ended 31st December 2020 (2019: Nil). 

Glencore’s Mopani Copper to temporarily resume operations

Mopani Copper Mines (MCM), the Zambian subsidiary of Glencore, will be resuming mining operations for 90 days, and will be placed on care and maintenance once the 90-day period is up.

The company will remain in discussions with the Zambian government throughout this period as it looks for potential solutions to its current challenges. The company’s statement, released on Sunday, came following constructive talks with Zambian officials.

Initial plans to place Mopani Copper under care and maintenance measures were met with backlash from the government, threatening the company with revoked mining licenses due to a failure to provide a reasonable notice period. The company also allegedly broke labour laws in the country by making workers opt for forced leave whilst ending contracts of mining supplies and services.

Mopani was forecast to produce between 50,000 and 70,000 tons of copper this year, but the outbreak of the COVID-19 pandemic and decline in the price of copper led to Glencore’s decision to disrupt production. International mobility, transportation and supply chain disruptions have all contributed to Mopani’s situation.

MCM has placed the health and safety of its staff and the surrounding communities as its top priority in its decision making. The company will remain in contact and engage regularly with its employees and relevant contractors, whilst also staying in touch with the local communities. Operations will not restart without the correct consultations taking place between all of these groups.

The closure would potentially affect approximately 11,000 workers, however, these employees would all continue to be paid and receive staff benefits, according to Glencore. The talks between Mopani and the Zambian government will be used to discuss how officials can work with companies to improve the mining sector. Import duties have already been introduced on certain goods that negatively impact copper producers in the country.

Operations originally shut down for Mopani on April 8th, although it continued to process materials it had on-site at its smelter and refinery. A number of projects have been placed on indefinite hold, with key personnel unable to travel and complete commissioning.

Glencore will be cutting capital expenditure by between $1bn and $1.5bn, in a bid to lessen the impact of COVID-19 across its assets. A number of Glencore assets around the world have also seen production curtailed, with the disruption being felt around the world.

Source: https://www.miningglobal.com/mining-sites/glencores-mopani-copper-temporarily-resume-operations

Mopani Copper Mines Restarting operations for 90 days

Glencore-managed Mopani Copper Mines confirmed on Sunday that constructive discussions had taken place with the Zambian government and that mining operations would be restarted and a notice issued of the company’s intention to place the mining operations on care and maintenance after 90 days.

During the 90-day period, Mopani would continue to engage with the government on potential solutions to its current challenges, the company said in a media release to Mining Weekly.

The health and safety of the workforce and surrounding communities was the top priority of the company, which would engage with its employees, relevant contractors and local communities regarding the restart of operations.

Mopani stated that it remained committed to supporting its community projects, hospitals and schools.

Mopani, owned 73.1% by Glencore, is an integrated copper producer located near the city of Kitwe, in the Copperbelt.

In its first-quarter report, Glencore stated that Mopani’s first-quarter smelter restart processed 5 000 t of a potential 10 600 t of copper contained concentrates produced, while the smelter underwent a multi-month rebuild.

Last month, Mopani said in a media statement to Mining Weekly that in addition to the impacts of a rapid decline in the copper price, Mopani’s situation had been further impacted by the critical disruptions to international mobility, transportation and supply chains arising from Covid-19.

A number of projects the company was in the process of commissioning have had to be placed on hold until key personnel are able to travel to site.

In the circumstances, and following consultation with its majority shareholder and funder, Mopani said it would be transitioning its mining operations to care and maintenance with effect from 8 April.

Regarding the smelter and refinery, material on site would continue to be processed until further notice.

Mopani said that it believed that the transition to care and maintenance would help to protect its value and preserve the option to deliver growth projects when market conditions improve.

During the care-and-maintenance period, Mopani said it would look to continue to maintain its commitments to the national workforce and host communities.

Mopani would work with the local authorities and community leaders on how best it could continue to support its partners in light of the government decrees relating to minimising the spread of Covid-19.

In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines Limited (ZCCM), made up of underground mines, a concentrator, a smelter and a refinery at Mufulira mine site and underground mines, opencast mines, a concentrator and a cobalt plant at Nkana mine site in Kitwe.

ZCCM-IH  still has a 10% shareholding and First Quantum Minerals a 16.9% shareholding. 

Source: https://www.miningweekly.com/article/mopani-copper-mines-restarting-operations-for-90-days-2020-05-03