REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR A CONSULTANT TO CONDUCT A FEASIBILITY STUDY INTO SETTING UP A PRECIOUS METALS PLANT

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR A CONSULTANT TO CONDUCT A FEASIBILITY STUDY INTO SETTING UP A PRECIOUS METALS PLANT

1.0 BACKGROUND
ZCCM Investments Holdings Plc (ZCCM-IH) is an investments holding company which has a majority of its investments held in the copper mining sector of Zambia. ZCCM-IH’s majority shareholders are the Industrial Development Corporation (IDC) with 60.3%, Government of the Republic of Zambia (GRZ) with 17.3% shareholding, National Pensions Scheme Authority (NAPSA) with 15% and other shareholders with 7.4%.

The company has a primary listing on the Lusaka Stock Exchange and secondary listings on the New York Stock Exchange, Paris Euronext (Euronext) and London Stock Exchanges.
ZCCM-IH has been mandated by the GRZ to spearhead the development of the gold sector in Zambia. This will be achieved in four (4) ways:

  1.  ZCCM-IH opening up and operating its own gold mines under the dedicated subsidiary company, Zambia Gold Company (ZGC);
  2. ZCCM-IH entering into joint venture partnerships for mining and processing of gold;
  3. Formalization of the informal Artisanal and Small Scale Gold Mining (ASGM) sector, including purchases from the ASGM sector; and
  4. Re-establishment of a local Precious Metals Plant (PMP) to refine the gold and associated Precious Metals (PMs).

2.0 PROJECT RATIONALE
The Feasibility Study (FS) that ZCCM-IH plans to undertake is one that focuses on the re-establishment of a local PMP, whose principal feed is Anode Slimes from the Electro-Refineries (ERs) in the country. The PMP should, however, also make a provision for processing of other sources of gold, which includes:

  •  ZGC Gold production;
  • Production from joint venture operations;
  • Third party producers, including the ASGM sector; and
  • Dore anode produced by Kansanshi Mine plc (KMP), which is currently refined abroad.

The Zambian copper mining industry produces anode slimes (slimes) from the refining of Smelter anodes. These slimes were previously processed within the country from 1977 to 2004 at the Ndola Copper Refinery – Precious Metals Plant (NCR – PMP).

Zambia Consolidated Copper Mines Ltd. (ZCCM Limited) operated the NCR – PMP from 1982 to 2000, when it was privatized and ownership passed to Minerva (Zambia) Limited, a subsidiary of the Binani group. Minerva operated the NCR – PMP from 2000 until 2004, when the plant was shut down.

Subsequent to that, the slimes and other semi-processed precious metals such as the Dore anode produced by KMP have been shipped offshore for processing into final products.
The NCR – PMP produced the following products:

  • Gold, in bullion form;
  • Silver, in bullion form;
  • Platinum, Palladium and other PGMs such as rhodium, “platinum salts” form for further processing offshore;
  • Selenium, in flake form; and
  • Copper, in copper sulphate form, which was sent to the Leach plants for electro winning.

ZCCM-IH now invites eligible firms 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 firms 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 firm will be selected using the Quality and Cost Based Selection (QCBS) method. Interested firms must submit one (01) original and three (03) hard copies of the Expression of Interest to the address below not later than Tuesday, 10th November 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@zccm-ih.com.zm

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JOB ADVERT – Risk Officer – Investments

 JOB ADVERTISEMENT
The Company invites applications from suitably qualified and experienced persons who are innovative, energetic, and performance-driven to fill the position of;
RISK OFFICER – INVESTMENTS (ZH4) ONE POSITION
Please refer to the job description below for detailed information about the job.
Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than Tuesday 20th October 2020

Human Resources Manager
ZCCM Investments Holdings Plc
ZCCM IH Office Park, Alick Nkhata Road
P O Box 30040
LUSAKA

IDENTIFICATION SECTION
JOB TITLE: Risk Officer- Investments
JOB GRADE: ZH4
DEPARTMENT : Risk & Internal Audit

JOB PURPOSE:
To facilitate the review of risks in potential investments.

KEY RESULT AREAS PRINCIPAL ACCOUNTABILITIES (MAIN DUTIES)

 KEY RESULT AREAS PRINCIPAL ACCOUNTABILITIES (MAIN DUTIES)
Strategic Partnerships Facilitates the identification of risks to the strategic partner and partnership.
Facilitates the assessment of impact of the risks to the partner and partnership.
Facilitates the identification of the risk mitigants and conducting of the cost/ benefit analysis of the proposed mitigants on the proposed partner and partnership.
Project Finance Facilitates the identification of risks to the project.
Facilitates the identification of the risk mitigants and conducting of the cost/ benefit analysis of the proposed mitigants on the project.
Facilitates the assessment of impact of the risks to the project.
ZCCM-IH initiated investments/projects/support Facilitates the identification of risks to the ZCCM-IH initiated investments/projects/support.
Facilitates the identification of the risk mitigants and conducting of the cost/ benefit analysis of the proposed mitigants on the ZCCM-IH initiated investments/projects/support.
Facilitates the assessment of impact of the risks to the ZCCM-IH initiated investments/projects/support.
Performance of Investee Companies Reviews the quarterly Board packs and highlight pertinent issues for the attention of the representative directors.
Conducts reviews on the performance of the associate companies and other investments as approved.      

REPORTING RELATIONSHIPS
a) Reports to:
Chief Risk & Internal Audit Officer

ESSENTIAL/DESIRABLE EXPERIENCE/QUALIFICATIONS
a) Professional Qualification:

Grade 12 Certificate
Bachelor’s degree or professional qualification
Professional membership

b) Minimum Relevant Pre-Job Experience:

2 years’ experience in a similar position

c) Skill Specifications:

– Analytical, creativity, and problem-solving skills
– Computer skills
– Report Writing skills

d) Other Attributes (Personality Traits)

– Strong personality& highly confidential
• Attention to detail
• Investigative

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JOB ADVERT – Business Research Analyst

The Company invites applications from suitably qualified and experienced persons who are innovative, energetic, and performance-driven to fill the position of;

BUSINESS RESEARCH ANALYST (ZH4) ONE POSITION

Please refer to the job description below for detailed information about the job.

Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than Friday 16th October 2020

Human Resources Manager
ZCCM Investments Holdings Plc
ZCCM IH Office Park, Alick Nkhata Road
P O Box 30040
LUSAKA

IDENTIFICATION SECTION

JOB TITLE : Business Research Analyst
GRADE : ZH4
DEPARTMENT : Investments

 

JOB PURPOSE:

To conduct in-depth research, analysis, and data collection in order to propose new investments in the company.

KEY RESULT AREAS AND PRINCIPAL ACCOUNTABILITIES

           

 

KEY RESULT AREAS

 

PRINCIPAL ACCOUNTABILITIES (MAIN DUTIES)

Research Uses various quantitative and qualitative research tools and market research methods to obtain data at national, regional, and international levels;

Proposes and identifies newer methods of market research to collect and record data in a more organized manner;

Records and maintains information compiled through research;

Uses advanced tools and software that capture as much data as possible in order for the organization to obtain necessary information.

Analysis Analyses the background of products or services being offered in relation to current market trends;

Collects and analyses competitive strategies, prices and sales methods;

Measures the effectiveness of current marketing strategies with a view to improving the same.

Report Writing Writes reports and prepares thorough presentations of such data.
Recommendation Proposes recommendations that would cater for current needs and demands.
Conceptualization Conceptualises innovative ideas that will help re-invent marketing strategies and provides greater opportunities for growing the business.

 

5.12.4  REPORTING RELATIONSHIPS

    1. a) Reports to:
      Business Development Manager
    1. b) Other Jobs Reporting to (4a) above:
      Business Development Analyst
    1. c) Number and level of immediate subordinates:
      Nil

5.12.5  ESSENTIAL/DESIRABLE EXPERIENCE/QUALIFICATIONS

    1. a) Professional Qualification:
      Grade 12 Certificate
      Bachelor’s degree or professional qualification
      Professional membership
    1. b) Minimum Relevant Pre-Job Experience:

2 years’ experience in a similar position

    1. c) Skill Specifications:
      Negotiation skills
      Communication 
      skills Research Skills
      Computer skills
    1. d) Other Attributes (Personality Traits)
      Persuasive  Pleasant

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Small-scale miners back ZCCM-IH quest for greater stake in Mopani

THE Small-Scale Miner’s Association of Zambia (SSMAZ) has added its voice to the chorus of calls urging the ZCCM-IH to go ahead and acquire a greater stake in the Glencore-owned Mopani Copper Mines.
The SSMAZ says doing so would be good for stability in the industry and greater returns into the national Treasury.
Supporting calls by the Mineworkers Union of Zambia (MUZ), National Union for Miners and Allied Workers (NUMAW) for government to have a greater financial stake in the mining industry, the SSMAZ said the move would protect local jobs and ensure greater returns for Zambians.

Source: https://www.times.co.zm/?p=107916

Invitation for Bids – Road and Building Construction in Kasenseli, Mwinilunga and Renovations to Zambia Gold Offices

  1. ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2018/2019 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Construction Works in Kasenseli, Mwinilunga District and Renovations to Zambia Gold Company Limited Offices at ZCCM-IH Office Park in Lusaka; Contract No.: ZCCM-IH/076/2020.
  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Construction Works in Kasenseli, Mwinilunga District and Renovations to Zambia Copper Company Limited Offices at ZCCM-IH Office Park in Lusaka:
    Lot 1 – Construction of Gravel Road to Kasenseli Mine in Mwinilunga District (Duration – 12 weeks);
    Lot 2 – Renovations to Zambia Gold Company Limited Offices at ZCCM-IH Office Park (Duration – 12 weeks); and
    Lot 3 – Construction of a Processing Plant at Kasenseli Mine in Mwinilunga District (Duration – 12 weeks).
  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:
    3.1 Citizen-influenced company – 4%
    3.2 Citizen-empowered company – 8%
    3.3 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. Qualifications requirements include:
    Experience as a prime contractor in the rehabilitation of at least two (02) contracts of a similar nature and scope in the last five (05) years;
    ii) A minimum amount of liquid assets and/or credit facilities as follows:
    Lot 1 – ZMW5, 885,660;
    Lot 2 – ZMW1, 332,974; and
    Lot 3 – ZMW916, 355
    iii) Average Annual Turnover for the past three (03) years as follows:
    Lot 1 – ZMW76, 513,582;
    Lot 2 – ZMW17, 328,669; and
    Lot 3 – ZMW11, 912,610
  6. 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.
  7. The address referred to above is:
    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    ZCCM-IH Office Park, Stand No. 16806
    Alick Nkhata Road, Mass Media Complex Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwek@zccm-ih.com.zm
  8. Bids must be delivered to the address below at or before 10:00 hours on Tuesday, 29th September 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 29th August 2020. All bids must be accompanied by a Bid Securing Declaration.
    9. There will be mandatory site visits and pre-bid conferences as follows:
    Lot 1 – Construction of Gravel Road to Kasenseli Mine in Mwinilunga District on Tuesday, 15th September 2020 at 14:00 hours. Bidders to meet at the District Commissioner’s Office in Mwinilunga at 13:00 hours.
    Lot 2 – Renovations to Zambia Gold Company Limited Offices at ZCCM-IH Office Park on Friday, 18th September 2020 at 09:00 hours. Bidders to meet at ZCCM-IH Office Park in Lusaka at 09:00 hours; and
    Lot 3 – Construction of a Processing Plant at Kasenseli Mine in Mwinilunga District on Tuesday, 15th September 2020 at 14:00 hours. Bidders to meet at the District Commissioner’s Office in Mwinilunga at 13:00 hours.
    10. The address referred to in clause 8 is:
    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    ZCCM-IH Office Park, Stand No. 16806
    Alick Nkhata Road, Mass Media Complex Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwek@zccm-ih.com.zm 

Glencore Plans Exit From Mopani

Glencore will likely sell its entire 73.1% stake in Zambia’s Mopani Copper Mines to the government’s mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters.

Zambia and Swiss-based Glencore are at “cross purposes” over Mopani, Zambian Mines Minister Richard Musukwa had said on Tuesday when he announced ZCCM-IH aims to increase its shareholding in Mopani to 51% “or even more”, from 10% currently.

Glencore’s plans to put Mopani on care and maintenance prompted the Zambian government to threaten in April to revoke the firm’s mining licences.

Two sources with direct knowledge of the negotiations said Glencore is looking to exit the asset entirely.

“As of now, we are discussing a potential sale of their stake in Mopani,” said one of the sources.

A Glencore spokesman declined to comment. First Quantum , which owns 16.9% of Mopani, did not respond to a request for comment.

The move by ZCCM-IH to take control of Mopani is part of its strategy shift away from minority stakes and towards running mines as an operator.

Glencore wrote off the value of Mopani by $1.144 billion in its half-year earnings report earlier this month, saying the estimated recoverable value was $704 million, including tax receivables.

Mopani’s total liabilities exceeded its total assets by $2.562 billion in 2019, the company reported in a financial statement, indicating “a material uncertainty in relation to the going concern assumption”.

Mopani produced 51,275 tonnes of finished copper in 2019 including purchased materials – accounting for 13.9% of Glencore’s African copper output and 3.7% of its overall copper output.

Glencore, which reported a first-half loss due to the impact of the pandemic, will not reap the benefits of billions spent on expansion projects over the last three years if it sells to ZCCM-IH but investors see this as a way for the miner to cut its losses.

“Mopani has been a big headache for Glencore, the mine has never delivered anything for shareholders,” a Glencore shareholder, who asked not to be identified, said, citing numerous accidents and operational issues.

Source: https://zambiareports.com/2020/08/28/glencore-plans-exit-mopani/

Glencore Puts Entire Stake in Mopani

Glencore Puts Entire Stake in Mopani on the Table

Glencore will likely sell its entire 73.1% stake in Zambia’s Mopani Copper Mines to the government’s mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge said.

Zambia and Swiss-based Glencore are at “cross purposes” over Mopani, Zambian Mines Minister Richard Musukwa had said on Tuesday when he announced ZCCM-IH aims to increase its shareholding in Mopani to 51% “or even more”, from 10% currently.

Glencore’s plans to put Mopani on care and maintenance prompted the Zambian government to threaten in April to revoke the firm’s mining licences.

Two sources with direct knowledge of the negotiations said Glencore is looking to exit the asset entirely.

“As of now, we are discussing a potential sale of their stake in Mopani,” said one of the sources.

A Glencore spokesman declined to comment. First Quantum, which owns 16.9% of Mopani, did not respond to a request for comment.

The move by ZCCM-IH to take control of Mopani is part of its strategy shift away from minority stakes and towards running mines as an operator.

Glencore wrote off the value of Mopani by $1.144 billion in its half-year earnings report earlier this month, saying the estimated recoverable value was $704 million, including tax receivables.

Mopani’s total liabilities exceeded its total assets by $2.562 billion in 2019, the company reported in a financial statement, indicating “a material uncertainty in relation to the going concern assumption”.

Mopani produced 51,275 tonnes of finished copper in 2019 including purchased materials – accounting for 13.9% of Glencore’s African copper output and 3.7% of its overall copper output.

Glencore, which reported a first-half loss due to the impact of the pandemic, will not reap the benefits of billions spent on expansion projects over the last three years if it sells to ZCCM-IH but investors see this as a way for the miner to cut its losses.

“Mopani has been a big headache for Glencore, the mine has never delivered anything for shareholders,” a Glencore shareholder, who asked not to be identified, said, citing numerous accidents and operational issues.

Cash Constraints

A major hurdle to clinching the deal is Zambia’s lack of funds to pay for the stake and fund the mine’s running costs, sources say.

Glencore’s stake in Mopani is worth $514.6 million, according to its own valuation. Mopani’s 2019 financial statement shows operating expenses of $931 million.

Zambia’s total foreign exchange reserves stood at $1.43 billion at the end of June, equivalent to just 2.3 months of import cover, according to the central bank.

ZCCM-IH’s cash and term deposits together amounted to 828.9 million Zambian kwacha ($43 million) by March 31 2019, according to the latest financial statements on its website.

A ZCCM-IH spokeswoman did not reply to Reuters’ questions about how it would finance the stake purchase.

“The state’s cash constraints point to an amicable solution,” said Eric Humphery-Smith, Africa analyst at global risk advisory firm Verisk Maplecroft.

“The government may have threatened expropriation in the past, but the need for copper revenues likely precludes that option.”

ZCCM-IH Seeks Increased Stake In Mopani Mine, Reveals Minister

Mines and Minerals Development Minister Richard Musukwa has disclosed that ZCCM-IH has expressed interest to increase its shareholding in Mopani Copper Mine.

Speaking at a media briefing in Kitwe, Mr Musukwa said ZCCM-IH seeks to increase its shareholding stake from 10% to a controlling position.

He said a team of experts has been constituted to liase with ZCCM-IH and then engage Glencore on the interest expressed by the minority shareholders.

The interest follows Mopani Copper Mine’s earlier application to place the mine on care and maintenance in view of the COVID-19 outbreak.

He said the negotiations to increase its shareholding in the mining firm will not disturb ongoing operations.

Mr Musukwa said a controlling stake in Mopani Copper Mine will allow a new approach to mining and guarantee safety of jobs for Zambians.

He said mine unions are being engaged to ensure the safety of jobs, further assuring stakeholders that operations at the mining will continue normally.

Source: https://zambiareports.com/2020/08/26/zccm-ih-seeks-increased-stake-mopani-mine-reveals-minister/

ZCCM-IH Keen To Buy More Shares In Mopani Copper Mines

By Paul Shalala- ZCCM Investment Holdings has expressed interest in acquiring more shares in Mopani Copper Mines.

Mines Minister Richard Musukwa says ZCCM-IH, which holds minority shares at 10 percent, seeks to buy shares from Glencore with a view to holding a controlling stake in Mopani.

Speaking during a media briefing in Kitwe today, Mr. Musukwa said government has constituted a team to liaise with ZCCM-IH to negotiate with Glencore.

The Mines Minister said a controlling stake in Mopani will allow a new approach to mining and guarantee the welfare of many Zambians employed by the mining firm.

He has disclosed that government is working with the mine unions to ensure the welfare of the employees is safeguarded.

Mr. Musukwa also assured all stakeholders that during the negotiations, operations at Mopani will not be disturbed.

In May this year, Mopani Copper Mines notified government that it wanted to place its mines in Kitwe and Mufulira on care and maintenance.

Source: https://www.znbc.co.zm/news/zccm-ih-keen-to-buy-more-shares-in-mopani-copper-mines/