Five-Year Safety Partnership in Zambia Bearing Fruit

In the modern mining industry, one will find that most of the industry’s reputable operators have implemented a safety strategy.

The slogan “one life lost is one life to many” is regularly used as the key message in most occupational safety drives – all with varying success.

A clear success story is Mopani Copper Mines, who implemented its SAFEMINING plan in 2014.

This article first appeared in Mining Review Africa Issue 2, 2019

This vigorously driven strategy has not only proven successful at Mopani’s many mines, but it is proving to be a beacon of excellence within the mining industry.

At Mopani Copper Mine’s Kitwe operations in Zambia, there is a clear success story in Group R Mining & Exploration Zambia – an operating subsidiary of Pan African mechanised and trackless mining contractor Group R Holdings of Mauritius.

Not only did Group R embrace the SAFEMINING drive of Mopani Copper Mines, but has made it part of their daily conduct and business DNA.

The success of this is evident in that Group R has not had a single work fatality since its inception in 2010.

Moreover, the company has achieved an enviable track record of working five years without a single lost-time injury (LTI), a milestone that was achieved in late December 2018 at Mopani’s SOB Shaft.

“We at Mopani are extremely proud of the achievements of Group R and their unwavering dedication to mine safety. We would like to see this dedication and passion from all our contractors in all our operations” says Mopani Copper Mines CEO Chris Vermeulen.

The management team at Group R is firm in its approach to mine safety. Daily safety meetings are not seen as a tedious task but forms an integral part of its planning, policy-making and operational systems.

It is Group R’s belief that safety must be front of mind in everything that you do.

“Our client, Mopani Copper Mines, introduced and demanded that we work according to their international best standards for safety. As a contractor we had the choice to merely tick the boxes and show compliance or to embrace the spirit of the standards. We chose to embrace their safety protocol as part of our operations” says Group R Holdings COO Hein van Staden.

Group R believes that its five year LTI-free safety achievement at Mopani Copper Mines is merely just a measure of past performance and that providing a safe working space is not based on the past, but rather based on the continual safety performance of each and every future shift. Every shift demands 110% dedication.

“At Group R we believe that the management team is the greatest driver of operational safety, while our workers are the true custodians of safe practice. This is evident in their dedicated to daily safety at work,” say Van Staden.

Group R believes it its duty as African operator to be responsible for continuously investing in the incubation of a better, more inclusive and safer working environment within the African mining sector. This dedication is clearly visible through the safety accolades that it has achieved.

As a proud Zambian company, Group R Mining & Exploration Zambia would like to showcase to the world that Zambia has world-class mining contractors helping to benchmark Zambia’s mining sector on the African continent.

Source: Mining Review Africa

Mwanakatwe expresses gratitude over Dividend from ZCCM IH

Finance, ZCCM-Investment Holdings Plc
Posted on March 7, 2019 at 9:47 am.
Written by Natasha Sichone

On Wednesday morning, Zambia Consolidated Copper Mines-Investment Holdings presented the Zambian Government with a dividend cheque worth K16.8 million. Finance Minister Honorable Margaret Mwanakatwe received the cheque on behalf of the Government from Zambia Consolidated Copper Mines CEO, Mavuto Chipata at the Ministry Of Finance.

Mrs. Mwanakatwe expressed gratitude to Mr. Chipata and explained that it is the third dividend cheque that the Government is receiving from the organization. The first, being a net dividend of K50.3 million to the Industrial Development Corporation (IDC) and the second one to NAPSA of K14.7 million.

“The K0.61 per share final dividend declared by ZCCM-IH translates to a total of K98.1 million out of which, I am receiving this K16.8 million cheque from the 17.25% Class B shares held by government through my office” the Minister said. Margaret Mwanakatwe then went on to encourage other State Owned Enterprises to emulate the performance of Zambia Consolidated Copper Mines Investment Holdings by being more creative and working hard at turning around their institutions to profitability.

The Government’s 77.6 percent shareholding in the organisation with 60.3 percent owned by the Industrial Development Corporation and 17.25 percent owned by the Ministry of Finance. NAPSA also owns 15 percent while the remaining 7.4 percent is owned by various minority shareholders.

When commenting on the dividend cheque, Mavuto Chipata said “I must mention that, our 2018-2023 strategic plan activities are aimed at maximizing and deriving shareholder value from our existing investments in the mines and other sectors, including any new investments we will undertake as a company. ZCCM-IH will continue to play a pivotal role in the mining sector for which the ZCCM-IH brand is deeply associated.


Source: FIZAMBIA

ZCCM-IH pays dividends

ZCCM-IH has presented to Government a third dividend cheque in a week worth about 16 point 8 Million Kwacha.

Speaking after presentation of the cheque, Finance Minister Margaret Mwanakatwe thanked ZCCM-IH Board and Management for keeping the company on a profitable path.

Mrs. Mwanakatwe also urged other State-Owned Enterprises to emulate the performance of ZCCM-IH.

She explained that state owned enterprises should endeavour to always be creative and work hard to turn around their institutions to be profitable.

And ZCCM-IH Acting Chief Executive Officer Mabvuto Chipata said the institution will continue to play an important role in the mining sector.

Mr. Chipata also assured that ZCCM-IH will remain focused and continue to create value in all its investments in order to sustain the delivery of returns on investment of all shareholders.


Source: ZNBC

Chipata’s 2 big Cheques Shine at IDC and NAPSA

Monday the 4 of March 2019 will forever echo in Mabuvto Chipata mind for some time to come. This is the day that he delivered two life size cheques to two key stakeholders in: IDC and NAPSA as acting CEO of ZCCM IH.

In his maiden dividend cheque delivery as the current leader of one of the foremost investment companies in Zambia, Acting CEO Chipata delivered dividend payments that many will not know where actually fruits of his stewardship as Chief Investment Officer. The fruits in this case was the K98.1 million dividend (0.61 per share) that was declared at the last annual general meeting at the end of January 2019.

A technocrat at heart, the crisp delivery of his cheque delivery speech showed a CEO with an investment acumen. “Our main focus moving forward, is that we continue to create shareholder value to sustain the continued delivery on the Return on Investment of our Shareholders”, declared aCEO Chipata at the NAPSA head office in Lusaka when he deliver their slice of the dividend valued at approximately K14 million who own 15% of ZCCM IH.

The aCEO also indicated that his company remained focus for the long term as they continue on a growth and transformational trajectory, with continued focus on the mining sector.


Source: FIZAMBIA

ZCCM IH makes a K6 million bet on Amethyst

ZCCM IH recently charge up Mapatizya with the unveiling of equipment worth K6 million for its investment in Kariba Minerals Limited which is intended to shake up the industry.

The investment group, currently under the stewardship of Mabvuto Chipata who is Acting CEO, recently announced that it would be acquiring the remaining 50% shares in the Amethyst mine. This is one of the oldest mines of its kind in Zambia and has been operating for over 60 years.

The company’s market share has been estimated at over 90% of the amethyst originating from Zambia, with production reaching as much as 800 tonnes of commercial grade amethyst per year, making it one of the largest producers in the world, according to Mr. Chipata who gave a statement at the 67% handing over ceremony. He hopes that this investment will yield positive results for his investment company which is pursing high performance targets which will require quality sales being made by the mine.

The mining equipment investment made to the company included two tipper trucks, one excavator and one front end load. This investment would go a long away in ensuring that the mine remained a leading player in the mining industry, according to Peter Phiri who is General Manager for Kariba Minerals. The forecast increases in production is around 150% for commercial grade amethyst and 67% for ore by tonnage.

ZCCM IH has been on an investment drive and recently unveiled its 5 year strategy which the company believes will increase shareholder value over the long term. The Chart below shows the performance of the company’s shares on LuSE over the last 5 years. With the share price last peaking in December 2015, Mr. Chipata and his management team will be targeting to achieve the highs of yesteryear. The investment made in Kariba Minerals is a clear signal to the market that they are intent to grow shareholder value.


Source: FIZAMBIA

ZCCM-IH buys new Equipment for Kariba Minerals

The Zambia Consolidated Copper Mines-Investment Holdings ZCCM-IH has capitalised Kariba Minerals Ltd with the purchase of new equipment worth K6 million to boost amethyst production.

ZCCH-IH currently owns 50 percent of the company and is in the process of finalising the acquisition of the additional 50 percent from Gemfields Ltd.
The equipment was officially handed over to the mine yesterday by ZCCM-IH acting Chief Executive Officer Mabvuto Chipata.

The 2018 copper production hits 861,946 tonnes

The performance of the sector was better in 2017 relative to 2018. The increase in copper production is attributed to:
i. The ramp up in Production at Kalumbila
ii. Improved plant availability and utilization at the Tailings Leach Plant at KCM coupled with higher grades
iii. Commissioning of the Synclinorium Shaft at Mopani in Kitwe has increased volume of ore being hoisted.

Copper Production (Tonnes)

Mine 2017 (Tonnes) 2018 (Tonnes)
Kansanshi Mining 250 803,96 249 532,07
Lumwana 116 170,67 101 890,03
Mopani 44 860,35 62 191,24
Konkola 84 436,08 93 165,01
Chibuluma 10 194,50 11 258,53
CNMC Luanshya 43 206,34 50 363,32
Lubambe 18 037,06 22 074,50
NFCA 27 706,22 27 644,02
Sino Metals 7 100,00 9 312,90
Kalumbila Minerals 190 913,23 223 655,12
Small Scale 5 900,71 10, 859,47
Total         799 329.12        861 946.19

below is a link to the 2018 production figures summary.

https://mines.org.zm/download/2018-production-figures-summary/

Source: Ministry of Mines and Minerals Development

ZCCM-IH, Urban Hotels partner

MONICA KAYOMBO and KALONDE NYATI, Lusaka

ZCCM-INVESTMENT Holding (IH) and Urban Hotel Group have partnered to invest K60 million in the construction of a mixed-development property.

The property comprises a hotel and a Food Lover’s Market retail store creating over 1,500 indirect and 300 permanent jobs, with ZCCM-IH owning 49 percent while Urban Hotel Group owning 51 percent…


Source: Daily Mail

Arc minerals raises 2.2M pounds for copper project

Aim-listed Arc Resources has raised £2.2-million through the placing of 73.6-million units at 3p each.

Proceeds of the placing will be used to fund the continuing exploration and development work on the company’s Zamsort copper project, in Zambia, and for general working capital purposes.

Executive chairperson Nick von Schirnding said Arc was approached by two family offices, one of which was already a shareholder for further funding to progress the newly identified targets at the Zamsort copper project, in Zambia.

“This is a very good outcome for us and as a result we will be accelerating work in respect of Cheyeza West and other key targets and will start a comprehensive drilling programme as soon as possible,” said Von Schirnding.

Von Schirnding would acquire 2 333 334 placing units at a price of 3.00p a unit. Upon admission, he would have a beneficial interest representing about 2.26% of the enlarged ordinary share capital of the company.

Nonexecutive directors Don Bailey, Mumena Mushinge and Brian McMaster have also participated in the placing, and so did COO Vassilios Carellas and CFO John Forrest.


Source: Mining Weekly