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ZCCM-IH News

Zambia targets 40,000 kg of gold in 2020 as attempts to formalise artisanal mining sector

Zambia is hoping to produce 40,000 kilograms (about 1.4 million ounces) of gold a year from primary and secondary or artisanal and small-scale producers, said Reuters citing a statement by ZCCM-IH, the state-owned copper miner.

ZCCM-IH has overseen the construction of 10 milling plants that will firstly formalise the artisanal gold sector and, secondly, help diversify the southern Africa country’s economy away from copper.

The project is being undertaken by Consolidated Gold Company Ltd (CGCZ), a gold processing and trading joint venture between Karma Mining Services and Rural Development and ZCCM-IH, said Reuters.

 

The push to formalise the secondary production is part of a continent-wide push to tackle the risks associated with artisanal mining, regarded for unsafe mining practices and law-breaking. In its plan, gold will be bought from artisanal and small-scale miners at government-controlled buying centres.

The milling plants have a combined processing capacity of 30 tons of ore per day and a targeted average of 7.5kg gold production per month, ZCCM-IH said. A gold leaching plant with a processing capacity of 8,000 tons of ore material per leach, and a targeted gold production of 17.5 kilograms per month will be completed by June, it said.

“The plant is aimed at chemically processing the gold stock piles from two old gold mines, and concentrates from the gold milling plants,” ZCCM-IH’s statement said.

First Quantum Minerals’ Kansanshi Mine, the only mine that has been declaring its gold production, produced 4,200 kg of gold in 2018, said Reuters.

Source: https://www.miningmx.com/news/gold/41831-zambia-targets-40000-kg-of-gold-in-2020-as-attempts-to-formalise-artisanal-mining-sector/
ZCCM-IH News

Rufunsa Starts Gold Processing

Phase One of the gold processing project by Consolidated Gold Company Limited -CGCZ- has started in Rufunsa.

The project involves 10 gold milling plants with a processing capacity of 30 tonnes of ore per day and a production target of an average 7.5 kilograms per month.

ZCCM-IH Public Relations Manager, Loisa Kakoma has confirmed to ZNBC News adding that the next stage of the project is also underway and involves the setting up of a gold leaching plant which will chemically process gold stock piles from two old gold mines.

The gold leaching plant is scheduled to be completed by June 2020 and will have a processing capacity of 8,000 tonnes of ore material per leach and a targeted gold production of 17.5 kilograms per month.

The total targeted gold production envisaged is 25 kilograms per month from both the milling and leaching plants.

ZCCM-IH has invested approximately 3.15 Million dollars in the two production lines, following the successful completion and launch of a gold laboratory, set at a total cost of 250,000 dollars in Lusaka.

And, ZCCM-IH Chief Executive Officer Mabvuto Chipata, who recently visited the site to check on progress, is impressed that the project is on course despite a few delays in bringing in equipment from manufacturers outside the country due to the Covid-19 pandemic.

Mr Chipata said ZCCM-IH planned to officially launch the project by July 2020 once a few gold dore bars are produced.

And, CGCZ Chief Executive Officer Faisal Keer said the business model involves working with various artisanal and small scale gold miners in providing access to the milling plants, with the view to increase gold production.

Mr Keer said the company is also helping licensed small scale gold miners with mining technical expertise and safety, and also providing access to earth moving machinery to increase gold ore production that is subsequently processed using the milling plants

Phase two of the project, which will involve setting-up of the same model in Mumbwa District is expected to start before the end of the year.

CGCZ, is a gold processing and trading Joint Venture partnership between Karma Mining Services and Rural Development with 55 percent while ZCCM-IH has 45 percent .

Source: https://www.znbc.co.zm/news/rufunsa-starts-gold-processing/?fbclid=IwAR12RSJF3RVVufLTUBFw6NRqJbgFbxWs6ekJCb5edNkaHAeeQ5NC9ZeiHIQ
Uncategorized, ZCCM-IH News

Phase one of the Consolidated Gold Company Limited in Rufunsa has commenced-ZCCM-IH

The ZCCM-IH Investment Holdings says phase one of the Consolidated Gold Company Limited, gold processing project in Rufunsa has commenced.

ZCCM-IH Chief Executive Officer Mabvuto Chipata says the phase involves ten gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold production per month.

Mr Chipata said the next stage of the phase is also underway which involves the setting up of the gold vat leaching plant in Rufunsa.

He said the plant is aimed at chemically processing the gold stock piles from two old gold mines, and concentrates from the gold milling plants.

Mr Chipata said the vat leaching plant which is scheduled to be completed by June 2020 will have a processing capacity of 8, 000 tons ore material per leach, and a targeted gold production of 17.5 kilograms per month.

He said the total targeted gold production envisaged is 25 kilograms per month from both the milling and the vat leaching plants.

Mr Chipata said a total of approximately $3.15 million has been injected in these two production lines, following the successful completion and launch of a gold laboratory set at a total cost of $250, 000 in Lusaka in March 2020.

He said a total of approximately $3.5 million will be spent on the Rufunsa project.

Mr Chipata undertook a site visit in the first week of May 2020 to check on the progress of the project, and expressed happiness that the project was on course, despite a few delays in bringing in the required equipment from manufacturers outside the country due to the Covid-19 pandemic.

He said that ZCCM-IH looks to officially launching the project by July 2020 once a few gold ore bars are produced.

CGCZ Chief Executive Officer Faisal Keer who accompanied Mr Chipata stated that the business model involves working with various artisanal and small scale gold miners in providing access to the milling plants, with the view to increase the gold production.

He added that CGCZ is also helping licensed small scale gold miners with mining technical expertise and safety, and also providing access to earth moving machinery in order to increase gold ore production that is subsequently processed using the milling plants.

Phase two of the project which will involve setting-up the same model in Mumbwa District is expected to start before the end of the year.

CGCZ is a gold processing and trading Joint Venture partnership between Karma Mining Services and Rural Development (55%) and ZCCM-IH (45%).

 Source: https://www.lusakatimes.com/2020/05/13/phase-one-of-the-consolidated-gold-company-limited-in-rufunsa-has-commenced-zccm-ih/
Investee Company News

CEC, Zesco Opt for Arbitration

The end of the bitter war over the future of the Bulk Supply Agreement which expired last month, Zesco and Copperbelt Energy Corporation have commenced the process of arbitration with the hope of settling their deep-rooted differences.

At the end of March, Zesco proceeded to terminate its Bulk Supply Agreement with CEC over a tariff dispute, effectively ending a 20-year business relationship.

But in a notice to Shareholders, CEC says arbitration matter with Zesco is in process and remains under adjudication.

“Shareholders are referred to the cautionary announcement, dated 27th September 2019, issued by the Board of Directors of CEC informing the market that CEC was in receipt of a notice of intention to arbitrate from Zesco Limited, pursuant to the Bulk Supply Agreement and Article 3 of the UNCITRAL Arbitration Rules 1976, resulting from ZESCO’s claim that CEC has failed to pay money due to them for electricity supplied under the BSA,” the notice read.

” The amounts outstanding relate to the supply of power by CEC to Konkola Copper Mines Plc. Zesco’s other cited ground is its disagreement with a statement in CEC’s 2018 annual report relating to the contingent liability arising from the 2014 Energy Regulation Board electricity tariff increase specific to the mining companies, which the mining customers have legally contested and were granted a Court injunction, pending the determination of the matter by the High Court for Zambia.”

 Source: https://www.lusakatimes.com/2020/05/13/cec-zesco-opt-for-arbitration/
ZCCM-IH, ZCCM-IH News

CONSOLIDATED GOLD COMPANY GOLD PROCESSING OPERATIONS COMMENCES IN RUFUNSA

Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced.

The Phase involves ten (10) gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold production per month.

The next stage of the Phase is also underway which involves the setting up of the gold vat leaching plant in Rufunsa. The plant is aimed at chemically processing the gold stock piles from two old gold mines, and concentrates from the gold milling plants.

The vat leaching plant which is scheduled to be completed by June 2020 will have a processing capacity of 8, 000 tonnes of ore material per leach, and a targeted gold production of 17.5 kilograms per month.

The total targeted gold production envisaged is 25 kilograms per month from both the milling and the vat leaching plants.

A total of approximately $3.15 million has been injected in these two production lines, following the successful completion and launch of a gold laboratory set at a total cost of $250, 000 in Lusaka in March 2020.

A total of approximately $3.5 million will be spent on the Rufunsa project.

ZCCM-IH Chief Executive Officer Mr Mabvuto Chipata undertook a site visit in the first week of May 2020 to check on the progress of the project, and expressed happiness that the project was on course, despite a few delays in bringing in the required equipment from manufacturers outside the country due to the covid-19 pandemic.

Mr Chipata said that ZCCM-IH looks to officially launching the project by July 2020 once a few gold dore bars are produced.   

CGCZ Chief Executive Officer Mr Faisal Keer who accompanied Mr Chipata stated that the business model involves working with various artisanal and small scale gold miners in providing access to the milling plants, with the view to increase the gold production.

He added that CGCZ is also helping licensed small scale gold miners with mining technical expertise and safety, and also providing access to earth moving machinery in order to increase gold ore production that is subsequently processed using the milling plants.  

Phase two of the project which will involve setting-up the same model in Mumbwa District is expected to start before the end of the year.

CGCZ is a gold processing and trading Joint Venture partnership between Karma Mining Services and Rural Development (55%) and ZCCM-IH (45%).

-END-

Issued by:
Loisa Mbatha-Kakoma
Public Relations Manager
ZCCM Investments Holdings Plc

kakomal@zccmnew.wpenginepowered.com               

NOTE TO THE EDITOR:

About ZCCM Investments Holdings Plc

ZCCM Investment Holdings PLC is an investment holding company in which Government holds directly about 17.25% shares through the Ministry of Finance and its 60.28% shares is held through the Industrial development Corporation (IDC) in Zambia, with the remaining 22.47% held by institutional and private individual shareholders. ZCCM-IH is listed on London Stock Exchange, Lusaka Securities Exchange and Paris Euronext Access.

ZCCM-IH currently has an investment portfolio of 23 companies, including Consolidated Gold Company Limited, a gold processing and trading Company in Zambia owned by Karma Rural Development and Mining Services (65%) and ZCCM-IH (49%).

Download the full document here: Press Release – Consolidated Gold Company Commences Operations in Rufunsa (13.05.2020)
Archived Tenders, ZCCM-IH

Tender for the Supply and Delivery of 1No. Mobile Lighting Plant and 1No. 2,000 Litres Mobile Fuel Tank ONB No.: ZCCM-IH/049/2020

  1. ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2019/2020 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Supply and Delivery of 1No. Mobile Lighting Plant and 1No. 2,000 Litres Mobile Fuel Tank for Mining Operations at the Kasenseli Gold Mine in Mwinilunga District of North-Western Province,
    Tender No.: ZCCM-IH/049/2020.
  1. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Supply and Delivery of 1No. Mobile Lighting Plant and 1No. 2,000 Litres Mobile Fuel Tank for Mining Operations at the Kasenseli Gold Mine in Mwinilunga District.
  2. 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:

3.1 Citizen-influenced company – 4%
3.2 Citizen-empowered company – 8%
3.3 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 inclusive.
  1. Qualifications requirements include:
  2. i) Experience as a prime supplier in the Supply and Delivery of 1No. Mobile Lighting Plant and 1No. 2,000 Litres Mobile Fuel Tank for Mining Operations at the Kasenseli Gold Mine in Mwinilunga District of at least two (02) contracts of a similar nature and scope in the last five (05) years;
  1. ii) A minimum amount of liquid assets and/or credit facilities of ZMW 600,000.00.
  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 either by Cash or Bank Certified Cheque.
  2. Due to COVID-!9 pandemic, ZCCM-IH is requesting all potential bidders to deposit the non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00) stated in item 6 above into the following ZCCM-IH Account:

BANK: STANDARD CHARTERED BANK

BRANCH: Main Branch
ACCOUNT NAME: ZCCM INVESTMENTS HOLDINGS PLC
ACCOUNT NUMBER: 0100110001501
Currency: ZMW or USD equivalent.

  1. The address referred to above is:

K D Kabwe (Mrs.)
Procurement Manager

ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Area
Lusaka, Zambia
Tel: +260-211-388000

E-mail: kabwek@zccmnew.wpenginepowered.com

  1. Bids must be delivered to the address below at or before 10:00 hours on Monday, 15th June 2020. 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 Monday, 15th June 2020.  All bids must be accompanied by a Bid Securing Declaration.
  2. The address referred to in clause 8 is:

K D Kabwe (Mrs.)
Procurement Manager

ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Area
Lusaka, Zambia
Tel: +260-211-388000

E-mail: kabwek@zccmnew.wpenginepowered.com

Download the document here: Invitation for Bids – Supply Delivery of a Mobile Lighting Plant Fuel Tank and Water Bowser – 12 05 2020 – Final
Archived Tenders, ZCCM-IH

Tender for the Supply, Delivery, Installation and Commissioning of Pre-fabricated Offices and Miscellaneous Use Containers at Kasenseli Gold Mine in Mwinilunga District of North Western Province ONB No.: ZCCM-IH/037/2020

  1. ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2019/2020 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Supply, Delivery, Installation and Commissioning of Pre-fabricated Offices and Miscellaneous Use Containers at Kasenseli Gold Mine in Mwinilunga District of North Western Province, Tender No.: ZCCM-IH/037/2020.
  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Supply, Delivery, Installation and Commissioning of Pre-fabricated Offices and Miscellaneous Use Containers at Kasenseli Gold Mine in Mwinilunga District.
  3. 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:
    1. Citizen-influenced company – 4%
    2. Citizen-empowered company – 8%
    3. Citizen-owned company – 12%
  4. 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 inclusive.
  5. A Site Visit shall be conducted at Kasenseli Gold Mine in Mwinilunga District on 27th May 2020 at 09:30 Hours.
  1. Qualifications requirements include:
    • Experience as a Prime Contractor in the Supply, Delivery, Installation and Commissioning of Pre-fabricated Offices and Miscellaneous Use Containers at Kasenseli Gold Mine in Mwinilunga District must be at least two (02) contracts of a similar nature and scope in the last five (05) years;
    • A minimum amount of liquid assets and/or credit facilities of
      ZMW 1,600,000.00.
  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 either by Cash or Bank Certified Cheque.
  2. Due to COVID-!9 pandemic, ZCCM-IH is requesting all potential bidders to deposit the non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00) stated in item 6 above into the following ZCCM-IH Account:

BANK: STANDARD CHARTERED BANK

BRANCH: Main Branch
ACCOUNT NAME: ZCCM INVESTMENTS HOLDINGS PLC
ACCOUNT NUMBER: 0100110001501

Currency: ZMW or USD equivalent.

  1. The address referred to above is:

K D Kabwe (Mrs.)
Procurement Manager

ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Area
Lusaka, Zambia
Tel: +260-211-388000

E-mail: kabwek@zccmnew.wpenginepowered.com

  1. Bids must be delivered to the address below at or before 10:00 hours on Friday, 15th June 2020. 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 15th June 2020.  

All bids must be accompanied by a Bid Securing Declaration.

  1. The address referred to in clause 8 is:

K D Kabwe (Mrs.)

Procurement Manager

ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Area
Lusaka, Zambia
Tel: +260-211-388000

E-mail: kabwek@zccmnew.wpenginepowered.com

Download the document here: Invitation for Bids – Supply Delivery of Pre-fabricated Offices at Kasenseli – 12 05 2020 – Final
Archived Tenders, ZCCM-IH

Request for Expressions of Interest (EOI) for the Independent Assessment of ZCCM-IH’s Environmental Liabilities, Contract No.: ZCCM-IH/048/2020

1.0     Background

ZCCM Investments Holdings Plc. (ZCCM-IH) is an investment holding company with diversified interests in mining, energy, banking, property and other sectors of the Zambian economy. The company has a primary listing under ISIN number ZM0000000037on the Lusaka Stock Exchange, and secondary listings on London Stock Exchange and Euronext Stock Exchange in Paris.

The Zambian Government (GRZ) directly holds 17.25% of the shares in ZCCM-IH and 60.28% indirectly through Industrial Development Corporation (IDC), an investment company wholly owned by the Zambian Government. With the remaining 22.47% being held by institutions and individuals. The geographical spread of the minority shareholders, who number around 4300, covers over 29 countries in Europe, Africa, the Caribbean, Australia, Asia and the USA.

Following the privatization of the assets of Zambia Consolidated Copper Mines (ZCCM) Ltd in 2000, ZCCM Investments Holdings (ZCCM-IH) Plc was left with the responsibility of addressing statutory and contractual environmental obligations of Zambia Consolidated Copper Mines Limited (ZCCM Ltd) which were not passed on to the new mine investors.

A number of environmental obligation were addressed by ZCCM-IH through the support of a World Bank supported project, the Copperbelt Environment Project (CEP) that closed in March 2011. Due to time and cost constraints some of the environmental obligation were not addressed although consultancies were commissioned by ZCCM-IH to assess the liabilities.

Some of the environmental obligations not addressed by ZCCM-IH, include the following:

  1. Demolition and Site Clean-up of No. 1 Nkana Cobalt Plant in Kitwe;
  2. Closure of Overburden Dumps No. 53 (OB53) and 54 (OB54) in Kitwe; and
  • Construction of Bund wall around Overburdens dumps in Chingola.

Environmental obligation that had studies commissioned to assess closure cost included the Demolition and Clean-up of No. 1 Nkana Cobalt Plant in Kitwe. Consultancies were not commissioned to assess the Closure of Overburden Dumps No. 53 (OB53) and 54 (OB54) in Kitwe and the Construction of Bund wall around Overburdens dumps in Chingola, although a joint assessment of cost for the latter was estimated by representative of ZCCM-IH and Konkola Copper Mines Plc. 

Before and after privatisation the following studies assessed the safety and environmental status and estimated cost for closure of the following ZCCM-IH environmental obligations:

  • The Environmental Impact Statement of ZCCM Ltd (1997),
  • The Counterpart Environmental Management Plans (2003),
  • The Consolidated Environmental Management Plans (2005),
  • The Geotechnical and Dam Safety Assessment (2007).

ZCCM-IH now wishes to engage a consultant to undertake an independent assessment of ZCCM-IH’s environmental liabilities.

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 Quality and Cost Based Selection (QCBS) method. Interested consultants must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday, 27th May 2020.

 

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: kabwek@zccmnew.wpenginepowered.com

Download the document here: Request for EOIs for the Independent Assessment of ZCCM-IH Environmental Liabilities – May 2020
Archived Tenders, ZCCM-IH

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR THE FULL VALUATION OF ZCCM-IH INVESTEE COMPANIES, CONTRACT NO.: ZCCM-IH/047/2020

1.0     Background

ZCCM Investments Holdings Plc. (ZCCM-IH) is an investment holding company with diversified interests in mining, energy, banking, property and other sectors of the Zambian economy. The company has a primary listing under ISIN number ZM0000000037on the Lusaka Stock Exchange, and secondary listings on London Stock Exchange and Euronext Stock Exchange in Paris.

The Zambian Government (GRZ) directly holds 17.25% of the shares in ZCCM-IH and 60.28% indirectly through Industrial Development Corporation (IDC), an investment company wholly owned by the Zambian Government. With the remaining 22.47% being held by institutions and individuals. The geographical spread of the minority shareholders, who number around 4300, covers over 29 countries in Europe, Africa, the Caribbean, Australia, Asia and the USA.

ZCCM-IH holds the majority of its investments in the mining sector and has shareholding interest in the undernoted companies;

  Company Relationship Shareholding % Status
1 Ndola Lime Company Limited Subsidiary 100.00% Active
2 Misenge Environmental and Technical Services Ltd Subsidiary 100.00% Active
3 Nkandabwe Coal Mine Limited Subsidiary 100.00% Inactive
4 Kariba Minerals Limited Subsidiary 100.00% Active
5 Kabundi Resources Limited Subsidiary 100.00% Active
6 Mushe Milling Company Subsidiary 100.00% Active
7 Limestone Resources Limited Subsidiary 100.00% Inactive
8 ZCCM Gold Limited Subsidiary 51.00% Active
9 Investrust Bank Plc Subsidiary 71.40% Active
10 Rembrandt Properties Limited Associates 49.00% Active
11 Consolidated Gold Company Limited Associates 45.00% Active
12 Maamba Collieries Limited Associates 35.00% Active
13 Konkola Copper Mines Plc Associates 20.60% Active
14 Kansanshi Mining Plc Associates 20.00% Active
15 Copperbelt Energy Corporation Plc Associates 24.10% Active
16 CEC Africa Investments Limited Associates 20.00% Active
17 Lubambe Copper Mine Plc Associates 20.00% Active
18 CNMC Luanshya Copper Mines Plc Associates 20.00% Active
19 NFC Africa Mining Plc Associates 15.00% Active
20 Chibuluma Mines Plc Associates 15.00% Active
21 Chambishi Metals Plc Associates 10.00% Active
22 Mopani Copper Mines Plc Associates 10.00% Active
23 Oranto Oil Block Associates 10.00% Active
24 Nkana Alloy Smelting Company Limited Associates 10.00% Inactive

IFRS requires that investments be stated at fair value at every annual reporting period. This requires that a valuation of the investments is conducted every financial year to ascertain their fair values. The fair valuation is conducted by an independent consultant as will be appointed from time to time. In this respect fair valuation for the preceding financial year was conducted by Imara Corporate Finance.

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 Quality and Cost Based Selection (QCBS) method. Interested consultants must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday, 27th May 2020.

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: kabwek@zccmnew.wpenginepowered.com 

Download the document here: Request for EOIs for the Provision of Full Valuation of ZCCM-IH Investee Companies – May 2020
Uncategorized, ZCCM-IH News

ZCCM-IH Engagement Hailed

Chief Chibwika of the Lunda Speaking people of Mwinilunga District in North Western Province has hailed government  for  engaging  ZCCM-Investment Holdings PLC  to carry out exploration  of Gold in Kasenseli area  within his chiefdom.

Chief Chibwika has since  urged the community in  kasenseli to co-operate with ZCCM-IH -PLC as they  start carrying out exploration works in the area.

He  says the discovery of Gold in his chiefdom will help transform the area, district and the province at large.

Chief Chibwika  further expressed confidence that ZCCM will conform to what is expected of them to do by fulfilling their corporate  investment responsibility such as improving  standard of schools , constructing health posts and improving the water supply through drilling boreholes.

And ZCCM-IH PLC Public Relations Manager Loisa Kakoma says ZCCM-IH will carry out its Corporate social  investment in Chief Chibwika’s area  where it  will be carrying out gold exploration.

Ms. Kakoma  says among the projects to be carried out will be drilling of boreholes to provide clean drinking water , construction of a health post  and upgrading of the primary school.

Source: https://www.znbc.co.zm/news/zccm-ih-engagement-hailed/