Please find the attached Misenge Environmental and Technical Services Procurement Plan for the year 2021.
You can download the full document here:
GWEMBE OIL EXPLORATION STILL ACTIVE
By JOHN KOMBE GOVERNMENT is still carrying out explorations to ascertain the presence of oil in the Gwembe Valley and that results cannot be rushed without concluding the process. Gwembe District Commissioner Timothy Siakaziba, said Government had tasked ZCCM-IH to carry out the investigations and was confident that the company would deliver its mandate. Mr Siakaziba was reacting to sentiments by some stakeholders who included traditional and civic leaders, who accused Government of delaying the oil exploration in the valley. He said that ZCCM-IH had visited the area and collected samples for further investigations. According to him, the undertaking was a mammoth that required systematic investigations before a conclusive position could be made. Mr Siakaziba said Government was on top of things and the public and stakeholders would get the position once the investigations were concluded. He wondered why some stakeholders were asking ZCCM-IH to declare that it had failed the project when the holding firm was following the technical procedure on the matter. Mr Siakaziba said that rushing the results was not the best option as resolutions must be based on scientific evidence. And ZCCM-IH public relations manager, Louisa Kakoma, earlier confirmed that the company was still carrying out investigations on the samples and would submit results once the process was completed.
Source: http://www.newszambia.co.zm/gwembe-oil-exploration-still-active
MINERS THANK GOVT
By Musenge Mulimba:
Miners in Kitwe on the Copperbelt have thanked government for saving thousands of jobs through the takeover of Mopani Copper mines by ZCCM-IH.
National Union of Miners and Allied Workers -NUMAW- President James Chansa has commended President Edgar Lungu for prioritizing the plight of Miners in the Country.
Speaking during a joint media briefing with the Mine Workers Union of Zambia, Mr. Chansa urged miners to work hard and improve productivity amid the high Copper prices.
And MUZ President Joseph Chewe appealed to Government through the ministry of mines to consider paying Mopani miners their terminal benefits before transferring them to ZCCM-IH.
Mr. Chewe also pleaded with Stanbic bank to consider renegotiating charges on various loan and financial packages given to the miners.
STATE PRIORITISES GOLD PROCESSING
GOVERNMENT has engaged ZCCM-IH Gold Mining Company to start processing and grading gold from all mining sites in the country, Ministry of Mines and Mineral Development director of mines, Fred Banda has said.
Mr Banda said that gold processing was a very important part of the gold value chain and hence the government’s resolve to prioritise the venture.
He said ZCCM-IH Gold would work with the gold mining cooperatives and ensure that the gold was processed and graded for sale to the Bank of Zambia
Mr Banda said that the gold mining company would not fix the price, but this would be done in liaison with the cooperatives who were a key stakeholder in the gold mining value chain.
He urged all gold mining cooperatives to work with the gold mining company incorporated by ZCCM-IH to be responsible for processing of the gold.
Mr Banda assured the cooperatives that the government would ensure that they get value for their input.
“We will ensure that they get a good price for their gold,” he said.
Mr. Banda also urged the miners not to trade with illegal buyers, but only do business with ZCCM-IH who were the government buyer for the commodity.
And Rufunsa’s Chimwetu Gold Mining Cooperative chairman, Emmanuel Tembo thanked the government for the support to the small-scale miners.
Meanwhile, Pokela Gold Mining Cooperative vice chairman, Josias Malunga assured the government that the cooperatives would process and sell their gold to the Zambia Consolidated Gold Mining Company so as to ensure that they got the best out of their mining activities.
Source: https://dailynationzambia.com/2021/05/12/state-prioritises-gold-processing/
Government Implored to Institute Initiative to Plug Gold Leakages
The small scale miners association of Zambia is calling for the setting up of inspection mechanisms under the ministry of mines and minerals aimed at identifying sites countrywide that produce gold which is not being accounted for.
Association president, Kunda Chani notes that Zambia has a lot of gold sites where gold is being produced but is not being accounted for.
Chani explained that so far, the country is on the right trajectory in terms of gold production.
He added that putting in place an inspection mechanism will enable the zambia consolidated copper mine investment holding –ZCCM-IH- to account for every gold being produced in the country for the benefit of Zambians. -PHOENIX NEWS
Source: https://zambianeye.com/government-implored-to-institute-initiative-to-plug-gold-leakages/
CNMC Luanshya Copper Mines Plc (CLM) Extract from 2021 Annual Report
For the year ended 31 December 2021, CLM recorded revenue of ZMW 10.17 billion (US$516.69 million), [2020: ZMW6.4 billion (US$345.45 million)] compared to the budget of US$329.40 million for the financial year of 2021. This was due to favourable copper prices for the year. CLM produced a total of 32,369 tonnes of copper cathodes for the year under review compared to copper output of 55,976 tonnes produced in the 2020 financial year.
For the year ended 31 December 2021, the Company recorded a profit of ZMW2.83 billion (US$143.71 million), [(2020: ZMW7.97 million (US$42.13 million)]. Due to this improved performance and positive equity position, the Company declared an interim dividend of US$40 million with US$8 million payable to ZCCM-IH which went to clear most of the amount due under the Dividend Advance Agreement signed in October 2020.
Gold rush changing lives in Mwinilunga
NANCY SIAME
Mwinilunga
MINING of gold in Mwinilunga in North-Western Province seems to have brought life to the area with social and economic activities slowly increasing, a trend that has delighted the local populace.
Previously known for honey and pineapples, the discovery of gold in Kasenseli has changed the narrative for Mwinilunga.
Kasenseli gold mine, which was discovered by the local people in Chief Chibwika’s area in July 2019, saw an influx of people illegally exploiting the easily accessible gold deposits and sold it cheaply because most of them did not know its value.
Government quickly intervened through a presidential directive to stop all mining activities pending identification and consequently engagement of a suitable mining investor.
Zambia Consolidated Copper Mining-Investment Holdings (ZCCM-IH) was identified to run the mining activities at the gold mine on behalf of Government.
Since then ZCCM-IH has been buying the mineral from artisans and small-scale miners. CLICK
Source: http://www.daily-mail.co.zm/gold-rush-changing-lives-in-mwinilunga/
Job Advertisement: Finance Manager Mushe Milling.
ZCCM Investments Holdings Plc is looking to recruit a Finance Manager on behalf of Mushe Milling Limited.
Mushe Milling Limited is a subsidiary of ZCCM Investments Holdings Plc, trading as a milling company.
The Company invites applications from suitably qualified and experienced persons who are innovative, energetic, and performance-driven to fill the position of Finance Manager.
For detailed information about the position, please to the link below.
Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than 28th April 2021.
Human Resources Manager
ZCCM Investments Holdings Plc
ZCCM IH Office Park, Alick Nkhata Road
P O Box 30040
LUSAKA
Alternatively, forward your application to jobs@zccmnew.wpenginepowered.com
ROLE SPECIFICATIONS:
| Accountability | Key activities |
|---|---|
| Financial Controller for the business |
|
| Strategic Business Planning |
|
| Planning &Budgeting |
|
| Accounting & Statutory Compliances |
|
Reporting to: Finance Director
Location: Lusaka
CANDIDATE SPECIFICATIONS
Qualifications
- Bachelors’ Degree in Accountancy/ACCA/CIMA
Experience
- 5-7 years experience
- Experience in FMCG/Manufacturing will be preferred
- Knowledge of PASTEL Accounting Systems will be a must
- Member of ZICA
Key Competencies and Skills
- High on strategic thinking and achievement orientation.
- Display the ability and sensitivity to manage complex stakeholder relationships,
- Teamwork and collaboration and strong interpersonal and communication skills.
Download full document here
ZCCM-IH advised to take good care of miners
National Union for Miners and Allied Workers ( NMAWU ) has appealed to Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), new owners of Mopani Copper Mine, to ensure that it takes a good care of the mine employees when operations of the company resumes.
ZANIS reports that NMAWU president James Chansa in an interview in Ndola today said that ZCCM-IH as the new mine owners need to realize that workers are key in operations of the mine hence the need for them to look into the plight of the employees.
“The mining sector can only improve if the workers are taken care of by giving them incentives such as increased salaries and allowances,” he said.
Mr. Chansa also echoed on the need for MCM to quickly give miners their terminal benefits.
He added that miners are eager to get their benefits as MCM resumes its operations as soon as ZCCM-IH finds partners to work with.
He observed that although MCM is fully owned by Zambia, miners need to be paid their dues urgently.
Mr. Chansa has since called on all mining companies in the country to start doing more corporate social responsibilities (CSR ) following the rise in Copper prices on the international market.
Communities where mines operate from can only benefit from the country`s minerals if companies give back to the community through working on some developmental projects such roads, he said.
Government, recently completed the 100% acquisition of Mopani Copper Mines (MCM) following its negotiations with Glencore Corporation.
In April 2020, Glencore Corporation had announced its intention to place the mine under care and maintenance sighting the impact of the COVID-19 pandemic and low copper prices.
However, this was rebutted by Government because it would have resulted in the loss of employment for 15,000 employees.
Source: https://www.lusakatimes.com/2021/04/22/zccm-ih-advised-to-take-good-care-of-miners/
Kabundi Resources Limited Extract from 2021 Annual Report
For the year ended 31 December 2021, Kabundi Resources Limited (KRL) reported total revenues (royalty charges) of ZMW5.58 million (2020: ZMW0.91 million) with a net loss of ZMW1.95 million (2020: ZMW0.958 million).
Kabundi Resources Limited (KRL) began washing manganese in September 2020 with a 100tpd wash plant. A total of 8,896 tonnes of manganese was produced during the four months of operations in 2020.
In first quarter of 2021, a second and larger wash plant was constructed with processing capacity of 10,000tpd. Kabundi resources produced and sold 52,443t of manganese yielding ZMW9.45 million of which ZMW3.92 million was paid to ZRA as mineral royalty tax.
In the period under review, Kabundi made progress with phase 2 and phase 3 of its development which include starting own mining and setting up a ferro-alloy plant respectively.
During the period under review KRL continued its mining activities on one site namely “Kabundi B” where the first open pit had been established. Total manganese sold for the current year was recorded at 61,339 tonnes (2020: 12,000 tonnes).
During the year under review KRL acquired another mining license in the Ntenge area where mining activities are yet to commence. Going forward in 2022 the Company’s focus will be to undertake its own mining activities on this mining license.
In its 2022 budget the Company plans to acquire additional mining equipment to be able to commence its mining operations at Ntenge. Kabundi paid management fees totalling ZMW31,750 to ZCCM-IH in the period under review.
There were no dividends declared during the period under review (December 2020: Nil).