The ZCCM Investments Holdings Plc Shareholder Open Day will take place on Wednesday 27th April 2022 at 10:00HRS. Our Board Chairperson, Ms. Dolika Banda will be the keynote speaker. Register to attend by clicking here: https://rebrand.ly/zccm-ih/openday
MINISTER of Small and Medium Enterprises Development Elias Mubanga has called on delegates at the ongoing Global Entrepreneurship Congress (GEC) to explore investment opportunities in Zambia’s mining and agriculture sectors.
The GEC, being held in Saudi Arabia, has brought together policy-makers, cooperating partners and entrepreneurs from over 200 countries.
During the meeting, government ministers responsible for advancing entrepreneurship in their respective countries interact with experts and learn how they can foster growth of enterprises.
The theme is ‘Reboot, rethink and regenerate’.
Speaking during a ministerial meeting, Mr Mubanga encouraged investors to visit Zambia and sample the investments opportunities in the mining and agriculture sectors.
He urged investors to take advantage of opportunities in the agriculture sector by investing in
Read more: http://www.daily-mail.co.zm/minister-invites-investors-to-mining-agro-sectors/
ZCCM-IH 2022 Approved Procurement Plan
ZCCM Investments Holdings Plc. has received financing from own sources toward the Budget for 2022 Financial Year for the categories mentioned here below. This publication is in accordance with the Public Procurement Regulations of 2011 clause 26 (4). Further, a more detailed procurement plan to include the simplified bidding can be accessed on the Zambia Public Procurement Authority (ZPPA) website.
Read the full document here: 2022 ZCCM-IH Procurement Plan (PP) for Publication
The Service Providers named below have been evaluated as the best evaluated bidders for the procurement requirements detailed below. In accordance with the requirement of clause 121 of the Public Procurement Regulations, 2011, it is the intention of ZCCM Investments Holdings Plc (ZCCM-IH), the procuring entity, to award the contracts to the bidders named after ten (10) working days from the display given below.
| Procurement Reference Number | ZCCM-IH/009/2021 |
| Procurement Description | Provision of Insurance Services to ZCCM-IH (2022-25) |
| Method of Procurement | Open National Bidding |
| Names and Addresses of Best Evaluated Bidders | Lot 1 (Provision of Group Life Assurance) – Guardian Insurance Brokers Limited, Plot No. 10c of 284a, Omelo Mumba Road, Rhodes Park, P.O. Box 37722, Lusaka, Zambia
Lot 2 (Provision of Group Personal Accident Insurance) – Swan Insurance, Stand No: 35184, Insurance Park, Alick Nkhata Road, P.O Box 37041 – Lusaka, Zambia Lot 3 (Provision of Non-Life Insurance) – Swan Insurance, Stand No: 35184, Insurance Park, Alick Nkhata Road, P.O Box 37041 – Lusaka, Zambia Lot 4 (Provision of Travel Insurance) – Guardian Insurance Brokers Limited, Plot No. 10c of 284a, Omelo Mumba Road, Rhodes Park, P.O. Box 37722, Lusaka, Zambia |
| Proposed Contract Prices | Lot 1 – ZMW1,005,423.00 with a duration of 3 years. Lot 2 – ZMW159,850.50 with a duration of 3 years. Lot 3 – ZMW 560,050.38 with a duration of 3 years. Lot 4 – ZMW 756,060.00 with a duration of 3 years. |
| Date of Display | 23rd March 2022 |
| Date of Removal | 6th April 2022 |
The display of this notice does not constitute an award of contract to the Bidders mentioned above.
Bid acceptance and contract placement shall be in accordance with the Public Procurement Regulations. Bidders have the right to appeal, in accordance with the Public Procurement Regulations, 2011, within ten (10) working days from the date of publication of this notice.
Read the full document here: Notice of Best Evaluated Bidder – Provision of Insurance Services to ZCCM-IH (2022 – 2025)
Environmental, Social and Governance (ESG) has come increasingly to the forefront primarily through investors globally demanding increased attention on environmental, social and governance-related matters and data. Investors are starting to look beyond financial statements and now want to consider the ethics, competitive advantage and culture of a mining organization.
Locally, public policy and regulations are being strengthened by the Zambian Government geared towards combating climate change and drive sustainability.
In line with its strategic plan ZCCM-IH has committed to incorporating ESG factors in the Investment Appraisal process. In this regard, the Consultant shall also be required to transfer knowledge that shall culminate into hands -on capacity building for the 30-40 selected ZCCM-IH staff.
The Company thus intends to engage a consultant to develop and integrate an ESG strategy into Corporate Strategy and Business Planning Processes.
To develop and integrate ESG principles in ZCCM-IH business and investment strategy and financial reporting. Further, to ensure the selected ZCCM-IH staff team is equipped to overcome obstacles and are ready to assist ZCCM-IH coordinate variety strands of capacity building performances in the future.
ZCCM-IH now invites eligible consultants to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.).
Interested consultants may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.
A consultant will be selected using the Quality and Cost Based Selection (QCBS) method. Interested consultants must submit one (01) original and three (03) hard copies of the Expression of Interest (EOI) to the address below no later than Wednesday, 6th April 2022.
Procurement Manager
ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P.O. Box 30048
Lusaka.
Email: katongo.kabwe@zccm-ih.com.zm;
Read the full document here: Request for EOIs Consultancy to Develop The Environmental Social and Governance Policies Procedures Strategy and Framework For ZCCM-IH.
MINES and Minerals Development Minister Paul Kabuswe says the process of appointing a new Konkola Copper Mines provisional liquidator is underway, following Milingo Lungu’s resignation. In an interview, Kabuswe said the UPND government had the will, desire and drive to fund KCM and would go out of its way to ensure that the mine succeeds. “That is the route that we are taking, the process of another liquidator is already underway. Of course, those are now processes that should be done by the official receiver, so it is not the
KANSANSHI Mine’s donation of mining survey equipment to the Copperbelt University (CBU) School of Mines could not have come at a better time than now. This is because survey equipment will not just serve as teaching aids but will help CBU to align its curriculum to industry needs. The modern equipment, one of the best on the market, will also improve teaching standards and practical aspects among students as they prepare to join the mining industry. For a long time, there seemed to be a mismatch between industry and the academic world. People who develop curriculum are usually not in sync with the demands of industry. Even when they are, they do not have appropriate equipment, so students graduate half-baked because they have no practical tools to work with.
As a result, graduates struggle and take long to settle in industry. This tends to make employers uncomfortable. At times, employers suspect that graduates may have forged the qualifications, when not. So, the gesture by Kansanshi is indeed commendable because the mining giant understands the need for learning institutions to have appropriate teaching aids. Rather than join the chorus of complaints about high learning institutions not aligning their curriculums to industry, the mining firm has chosen to walk the talk. Kansanshi has done well to make available state-of-the art equipment, which includes an electronic theodolite with a tripod and accessories critical for underground mine surveys. Assessments by institutions such as CBU are aligned with learning outcomes that help students reach the desired educational levels. The theory and practice reinforce what learners need to master and help them track their progress in the course and afterwards. Kansanshi Mine, as a potential employer, is being proactive by helping CBU shape the curriculum in line with the market demands CBU management will therefore take advantage of the equipment by revising the curriculum for students to have a clear understanding of what is expected of them in the field.
The CBU School of Mines will greatly improve teaching standards and practical aspects among students as they prepare to join the mining industry. The equipment from Kansanshi will aid CBU to review the current curriculum. This will see CBU graduating ready-for-work students. Research on curriculum alignment shows a strong correlation to student achievement. It also helps to modify courses and programmes to better target student post-tertiary success and make better use of human resources. Beyond this is the gesture by Optron Company, which supplied the equipment at a 10 percent discount after they learnt that the equipment was being bought for a learning institution.
The donation by Kansanshi to CBU is also timely as the new dawn administration embarks on economic diversification. Other companies should emulate Kansanshi by working closely with tertiary institutions. Donation may not necessarily be equipment but manpower, educational materials and internships. Apart from the equipment being used by the School of Mines, companies and individuals in need of such equipment should be able to lease it at a fee. Mining will continue to be part of the country’s economic mainstay, hence the need by CBU to continue aligning itself with the mining industry. In fact, the School of Mines should be doing a lot of consultation in the mining sector for the benefit of the lecturers, students and the school.
Read more: http://www.daily-mail.co.zm/kansanshi-donation-to-cbu-a-milestone/
ZCCM Investments Holdings (ZCCM-IH) in collaboration with Zambia Gold Company (ZGC) donated 8 foldable children’s wheelchairs, 1 walker, and assorted grocery items to the M’tendere Community Care Centre (CCC). The Centre caters to differently able children, offering community-based care to address therapeutical, mobility, and nutritional challenges.
The M’tendere Community Care Centre (CCC) is run by the Special Hope Network (SHN), a faith-based organization in Zambia that works to combat various challenges faced by about 400 children who are differently-abled from four Community Care Centers.
ZCCM-Investments Holdings (ZCCM-IH) undertakes a corporate social responsibility (CSR) activity to support a cause that benefits the disadvantaged in our communities, particularly women, children, and the youth, to commemorate International Women’s Day. This year’s theme “Gender equality today for a sustainable tomorrow” allowed them to demonstrate their commitment to driving equality and support for the vulnerable in our communities.
PRICES of commodities such as crude oil and copper have continued rising on the international markets owing to concerns regarding supply disruptions as a result of the ongoing conflict between Russia and Ukraine.
In yesterday’s trading on the London Metal Exchange (LME), copper rose by 0.8 percentage point to US$10,291 a metric tonne and on the Shanghai Futures Exchange, it was trading at US$11,545.46 a metric tonne.
Other minerals such as lead gained 1.6 percent to US$2,536.5 and zinc also rose by 1.2 percent to US$4,186 a metric tonne, with gold trading at US$2,053.99 per ounce.
Crude oil prices have continued to surge as Russia’s invasion of Ukraine intensified and oil buyers shunned barrels from the world’s second-largest exporter, Russia.
Crude prices posted their largest weekly gains since the middle of 2020, with the Brent benchmark up 21 percent and United States crude gaining 26 percent. The most commonly traded oil futures closed at
Read more: http://www.daily-mail.co.zm/copper-crude-oil-prices-keep-rising/
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says government is working behind the scenes to resolve issues surrounding Konkola Copper Mines (in liquidation) and Mopani.
In an interview, Dr Musokotwane said government was already dealing with legacy issues from existing mines in order to increase mining output.
“In the plan to increase mining output, the government is already dealing with legacy issues from the existing mines. You know when the PF left, they left a big mess in KCM, put it under liquidation, so the output from that mine is obviously adversely affected. Government is working behind the scenes through ZCCM to resolve the issues of KCM. I can’t go into more details because these are delicate issues. Similarly, under PF, Mopani was also left in a limbo, the previous investors Glencore left behind a debt of billion Dollars. So once again that is a problem, if we don’t deal with that all the money coming out from the mines [will go] to service that debt left behind by the PF. There will be no money to develop the mine further so that it produces more copper. So once again this is something that is being done behind the scenes to see how we can get partners so that the mine is properly funded and it can contribute towards copper production,” he said.
Dr Musokotwane said powerful steps were being taken to increase copper production in the country.
“These are very powerful steps that are being taken so that we produce more copper. Look, the Congolese, who 10 years ago were only producing half of Zambia’s copper, today they are producing double that, of what Zambia produces in copper. Hence you see all this money that is [being] thrown around in Congo DRC, because it is from Copper, meaning we are behind. The good thing is that the government is on top of things to resolve all the legacy issues. We have also said that we are negotiating with investors so that there is copper value addition. We have been speaking to investors to say ‘in Zambia, we have an opportunity of turning into a country that makes more of the car engines in the world’, because car engines are moving away from petrol, to electrical motors. So we can actually manufacture most of the car engines of the future. Those are discussions that are underway with investors,” said Dr Musokotwane.