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Invitation for Bids – HFO

LIMESTONE RESOURCES LIMITED

Incorporated in the Republic of Zambia

Invitation for Bids (IFB)

Supply and Delivery of Heavy Fuel Oil (HFO) to Limestone Resources Limited of Ndola, Copperbelt Province

ONB No.: LRL/001/2021

  1. Limestone Resources Limited (LRL) using financing from own sources (budgeted LRL Operating Expenditure (OPEX) for the 2021 Financial Year), intends to apply part of the funds for payments under the Contract for the Supply and Delivery of Heavy Fuel Oils (HFO) to Limestone Resources Limited of Ndola, Copperbelt Province; Contract: LRL/001/2021.
  2. Limestone Resources Limited “LRL” is a ZCCM Investments Holdings Plc (ZCCM-IH) wholly-owned subsidiary and is located in Ndola District, Copperbelt Province.
  3. It is against this background that Limestone Resources Limited now invites sealed bids from eligible and qualified bidders for the Supply and Delivery of HFO to Limestone Resources Limited of Ndola, Copperbelt Province; Contract No.: LRL/001/2021. The HFO to be delivered to Limestone Resources Limited of Ndola, Copperbelt Province.
  4. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is open to all bidders from Eligible Source Countries as defined in the Bidding Documents. The following CEEC preferential treatment shall be applied as part of the evaluation:

4.1 Citizen-influenced company – 4%

4.2 Citizen-empowered company – 8%

4.3 Citizen-owned company – 12%

  1. Interested eligible bidders may obtain further information from the address below and inspect the Bidding Documents at this address from 08:00 – 13:00 and 14:00 – 17:00 local time, Monday to Friday
  2. Qualifications requirements include:

(a)   Financial Capability.

The Bidder shall furnish documentary evidence that it meets the following financial requirement(s):

      1. A minimum amount of liquid assets and/or credit facilities of ZMW1,760,000.00

(b)     Experience and Technical Capacity.

The Bidder shall furnish documentary evidence to demonstrate that it meets the following experience requirement(s): Carried out at least two (02) contracts of a similar nature and scope in last one (01) year.

  1. A complete set of Bidding Documents in English may be purchased by interested bidders ON THE SUBMISSION OF A WRITTEN APPLICATION to the address below and upon payment of a non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00). The method of payment will be through bank transfer.

          Account type: CORPORATE CURRENT ACCOUNT.

          Account currency: ZMW – ZAMBIAN KWACHA.

          Sort code: 040103 BANK STATEMENT / TAX INVOICE

          Account number: 9130004314402

 

  1. The address referred to above is:

Head of Procurement
Limestone Resources Limited
P.O. Box 70057, Plot 1523
Depot Road Cleveland Park
Ndola, Zambia  

E-mail: ASakala@lrl.co.zm

  1. Bids must be delivered to the address below at or before 10:00 hours on Thursday, 06th September 2021. Electronic bidding shall not be permitted. Late bids will be rejected. Bids will be opened physically in the presence of the bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 06h September 2021. All bids must be accompanied by a Bid Securing Declaration.
  2. The address referred to in clause 8 is:

Head of Procurement
Limestone Resources Limited
P.O. Box 70057, Plot 1523
Depot Road Cleveland Park
Ndola, Zambia  

E-mail: ASakala@lrl.co.zm
ZCCM-IH News

Maamba Collieries Completes Five Years Of Energy Supply

This month marks five years since the commissioning of Zambia’s largest coalfired Thermal Power Plant at Maamba Collieries in Sinazongwe District, Southern Province and commencing supply of electricity to the national grid.

The state-of-the-art 300 MW plant was commissioned by the Republican President H.E. Mr. Edgar Chagwa Lungu on August 7, 2016, making MCL Zambia’s largest Independent Power Producer – accounting for about 10% of the country’s installed capacity at the time.

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ZCCM-IH News

Mopani Decision Great

THE timely decision by Government to settle outstanding benefits owed to miners at Mopani Copper Mines (MCM) following the change of the share structure at the mine is indeed commendable and cannot go without comment. The decision will no doubt go a long way to ease the financial burden of the miners and their families. President Edgar Lungu sent miners and their spouses into jubilation after directing Mopani management to pay them their separation packages on Saturday.

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Annual Report Summaries, Investee Companies

Chibuluma Mines Plc Extract from 2021 Annual Report

Following the sale of Chibuluma South Crown Pillar Mine, Chibuluma Mines could not sustain operations with ore from Chifupu Underground Mine alone. Therefore, the Chibuluma Mines Plc Board, resolved to place the operations of Chibuluma Mine Plc under care and maintenance with effect from 1 July 2020. This resulted in the Company getting into a lease agreement with Lian Chao and Yue Ventures Limited (LC&Y) to operate key mining operations for the 2021 financial year. 

The lease between Chibuluma and LC&Y was recognised for the period up to 30 June 2021. The investment of the lease was US$ 6.79 million, and the assets disposed of by Chibuluma was US$ 5.00 million. This resulted in a net gain on the lease investment of US$ 1.79 million as charged to the income statement.

Following the resumption of production under LC&Y a total of 1,069 tonnes of payable Copper was sold to Chambishi Copper Smelter by LC&Y. Chibuluma earned income royalty of US$ 0.88 million. For the period under review, the Company recorded a net profit of US$ 1.69 million against a budget loss of US$ 1.13 million due to favourable prices and increased production under the lease agreement. 

There were no dividends paid during the year ended 31 December 2021 (2020: Nil). 
ZCCM-IH News

More Gold Being Sought

ZAMBIA Gold Company Limited (ZGCL) has accelerated gold explorations at its Kasenseli project in Mwinilunga as it looks to meet the increasing demand for the precious metal. ZGCL, which is a subsidiary of ZCCM-Investments Holdings (IH), has been producing gold and buying the precious metal from small-scale gold miners, with the company producing and buying over 38,320 grams and 29,523.31 grams respectively. This brings the total number of gold produced to date from the time mining activities started to 115,474 grams. ZGCL project manager Charles Mjumpi said the exploration the firm is undertaking will go a long way in increasing production to help the central bank build its gold reserves. Mr Mjumpi said the company, working with ZCCM-IH, has started preliminary mineral exploration activities in Rufunsa, with full exploration starting next month.
“At present, we are carrying out gold explorations and mining in CLICK TO READ MORE
ZCCM-IH News

Bank of Zambia Buys 478kg Gold

(ZANIS) The Bank of Zambia has purchased 478.76 kilograms of gold at a cost of 604.3 million Kwacha since December 2020.

In a statement, the Bank of Zambia, Communications Division says this is broken down in 391.92 Kilograms purchased from Kansanshi Copper Mining Plc at a cost of 500.5 Million Kwacha and 86.84 Kilograms purchased from Zambia Gold Company, a subsidiary of ZCCM-IH at a cost of 103.8 million Kwacha.

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