ZCCM-IH | Job Advertisement

ZCCM Investments Holdings PLC is a company with diversified interests in mining, energy and other sectors of the Zambian economy. The Company’s majority shareholder is the Industrial Development Corporation Ltd (IDC), an investment company wholly owned by the Zambian Government and the rest of the shareholders include institutions and private shareholders spread across the world.

The Company intends to fill the following positions(click the links to download the detailed job description):

Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than 7th February 2020.

Chief Executive Officer
ZCCM Investments Holdings Plc
ZCCM IH Office Park
P O Box 30040
LUSAKA

ZCCM-IH seeks flexing muscles

KALONDE NYATI, Lusaka
ZCCM-INVESTMENT Holding (IH) says it wants to increase its voice in decision-making by moving away from being a minority shareholder in companies it has stakes in.
ZCCM-IH chief executive officer Mabvuto Chipata said the company, which has shareholding in 19 companies, including mining, energy, real estate and banking, has been increasing its stake to make it effectively participate in decisions that will spur its growth.
Mr Chipata said on Tuesday at a media briefing to announce the company’s financial results for 2019 that “we are moving away from being a minority shareholder and we are targeting to have 35 percent shares and above in the new portfolios CLICK TO READ MORE

Source: Zambia Daily Mail

ZCCM IH confirms Gold as a ‘strategic focus area’

Zambia’s leading investment group by assets and shareholding, ZCCM IH has announced the setting up of a gold company that will see the group participate in the countries gold value chain, according to a statement issued by the company.

In line with one of its strategic objectives in mining, ZCCM Investments Holdings Plc (‘ZCCM-IH’) wishes to announce the incorporation of ZCCM Gold Company Limited (ZCCM Gold)”, read a statement issued on 14th January 2019 by Company Secretary, Chabby Chabala on the same day that the Board Chairman, Eric Silwamba hosted shareholders of the company at their Annual General Meeting at Southern Sun Hotel.

The ink of the creation of the company had barely dried when the AGM took place, four days after the incorporation of the company. “ZCCM Gold was incorporated on 10 January 2020”.

This announcement follows an earlier announcement at the end of 2019 when the group partnered with Karma Mining for the sole purpose of processing gold. “On 23 December 2019, the Board of Directors of ZCCM-IH approved the proposal to enter into a Joint Venture (JV) partnership with Karma Mining Services and Rural Development Company (“Karma”)”, read a statement issued by the group’s Company Secretary, Chabby Chabala on Friday 27th December 2019 and issued on SENS.

The establishment of this new company clearly elaborates the strategic intent that now seeks the investment group focus, through partnerships, on a sector that has hardly been exploited in Zambia. “ZCCM Gold will spearhead and manage gold mining activities in Zambia”.

With activities will include but not limited to gold exploration, mining, processing, marketing and value addition, it is important that the gold mining story has an ultimate benefit for its shareholders. In a model that is similar to how the Botswana Government participates in mining, ZCCM Gold will be owned 51% by ZCCM-IH and 49% by the Government of the Republic of Zambia through the Minister of Finance.

The Eric Silwamba lead Board is upbeat about this golden venture. “The ZCCM-IH Board is confident that ZCCM Gold will add value to the Company’s current mining portfolio, provide an opportunity for ZCCM-IH to expand its activities in the mining sector and contribute to the National Treasury”.

Source: Finaincial Insight Zambia

Diamond Drilling Works in Kasenseli Area of Mwinilunga District ONB No: ZCCM-IH/002/2020

  1. ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2020 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Diamond Drilling Works in Kasenseli Area of Mwinilunga District of North Western Province; Contract No.: ZCCM-IH/002/2020.
  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Diamond Drilling Works in Kasenseli Area on Mwinilunga District. The duration of the works is 20 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:
    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. Qualifications requirements include:
    1. 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;
    2. A minimum amount of liquid assets and/or credit facilities of ZMW5,661,310.00;
    3. Average Annual Turnover for the past three (03) years of ZMW73,597,035.00.
  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@zccmnew.wpenginepowered.com
  8. Bids must be delivered to the address below at or before 10:00 hours on Thursday, 6th February 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 6th February 2020.  All bids must be accompanied by a Bid Securing Declaration.
  9. There will be a site visit and pre-bid conference as follows:
    Date: Wednesday, 22nd January 2020
    Time: 11:00 hours
    Place: Kasenseli Area in Mwinilunga District. All Bidders to meet at the DC’s Office in Mwinilunga District at 10:00 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: kabwekd@zccmnew.wpenginepowered.com

METALS-Copper steady; zinc rises on demand boost ahead of Phase 1 trade deal

London copper prices steadied on Monday after falling sharply in the previous session, while zinc hit a two-week high as the soon-to-be signed Phase 1 trade deal between the United States and China boosted prospects of higher demand.

A Chinese delegation is planning to travel to Washington on Jan. 13 for the signing of the U.S.-China Phase 1 trade deal, the South China Morning Post reported on Sunday.

Monetary policy easing by Beijing and a better-than-expected manufacturing performance from China in December were also creating a favourable backdrop for copper, Argonaut Securities said in a note.

FUNDAMENTALS
* COPPER: Three-month copper on the London Metal Exchange was flat at $6,129 a tonne by 0740 GMT, after shedding 1% on Friday. The most-traded March copper contract on the Shanghai Futures Exchange closed down 0.6% on 48,760 yuan ($6,990.58) a tonne.

* ZINC: The metal used to galvanise steel rose as much as much as 1.4% to $2,339 a tonne, its highest since Dec. 23 on concerns about falling stocks MZN-STOCKS, which stand at just 51,125 tonnes in LME-registered warehouses. ShFE zinc closed up 1.5% on 18,110 yuan a tonne.

* ZINC SPREAD: The premium of cash LME zinc over the three-month contract CMZNo-3 stood at $14.75 a tonne on Friday, the highest since Dec. 2, indicating tight near-term supply.

* COPPER: Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa’s biggest copper mine in Zambia despite a feud with state miner ZCCM-IH over project funding.

* OTHER METALS: The LME complex was mixed, with aluminium slipping 0.4% and lead losing 0.5%. Nickel edged up 0.2& while added 0.3%.

* ALUMINIUM: Aluminium stocks held at three major Japanese ports AL-STK-JPPRT at the end of November were up 0.9% at 321,200 tonnes from the previous month, Marubeni Corp said.

MARKETS NEWS
* Tensions in the Middle East after the killing of a top Iranian general by the United States pushed an index of Asian shares off an 18-month high as investors pushed safe-haven gold near a seven-year high, and oil jumped to four-month peaks.

PRICES    
 BASE METALS PRICES                     0740 GMT
 Three month LME copper                   6128.5
 Most active ShFE copper                   48760
 Three month LME aluminium                1816.5
 Most active ShFE aluminium                14105
 Three month LME zinc                       2327
 Most active ShFE zinc                     18110
 Three month LME lead                       1910
 Most active ShFE lead                     14755
 Three month LME nickel                    13790
 Most active ShFE nickel                  108190
 Three month LME tin                       16850
 Most active ShFE tin                     134570
                                                
 BASE METALS ARBITRAGE                          
 LME/SHFE COPPER             LMESHFCUc     519.8
                             3          
 LME/SHFE ALUMINIUM          LMESHFALc   -396.08
                             3          
 LME/SHFE ZINC               LMESHFZNc   -422.09
                             3          
 LME/SHFE LEAD               LMESHFPBc   -710.97
                             3          
 LME/SHFE NICKEL             LMESHFNIc  -2748.14
                             3          

($1 = 6.9751 Chinese yuan renminbi)

Source: Hellenic Shipping news world wide

ZCCM-IH partners with Aussie firm

KALONDE NYATI, Lusaka
ZAMBIA Consolidated Copper Mines – Investment Holdings (IH) has partnered with Instinct Energy Limited, an Australian company, to carry out exploration of coal bed methane (CBM) in Southern Province.
The investment holding company has also set aside K20 million for exploration of various minerals, oil and gas across the country.
ZCCM-IH chief executive officer Mabvuto Chipata said in an interview in Lusaka yesterday that CBM, which is a form of natural gas found in coal deposits and CLICK TO READ MORE

Source: Daily Mail

Serenje Set for Manganese Mining

KALONDE NYATI, Lusaka
MINING of manganese at Kabundi Mining Resources Limited will get underway soon after approval around community resettlement is concluded by the Zambia Environmental Management Agency (ZEMA), Zambia Consolidated Copper Mines -Investment Holdings (IH) said.
The K70 million project located in Serenje, and is a subsidiary of ZCCM-IH, will help to unlock the manganese potential thus enable the country to benefit from the increasing global demand for the commodity used in steel production and batteries CLICK TO READ MORE 

Source: Zambia Daily Mail

Bank of Zambia to Buy 40,000 Kilos of Gold in 2020

Government, through the Bank of Zambia (BoZ), will buy and collect more than 40,000 kilogrammes of gold from primary and secondary sources, including artisanal and small-scale gold miners, Mines Permanent Secretary Barnaby Mulenga has announced.

And ZCCM-IH chief executive officer Mabvuto Chipata has disclosed that the institution has embarked on a programme to set up gold-buying centres in strategic panning areas.

Speaking during a press briefing in Lusaka, Thursday, Mulenga said the government was in dire need of liquid cash and that as such, gold mining licenses of companies that had not yet commenced operations would be revoked.

“The information generated will facilitate delineation of areas into gold panning, artisanal, small or large-scale. Large-scale areas will be reserved for government to license. On the other hand, reserves and river beds will be allocated or licensed to panners and artisan miners. Revoking non-compliant licenses in the targeted areas in public interest pursuant to section 72 (l) (i) of the Mines and Minerals Development Act of 2015. We need the money, as government, so what are they waiting for? Those who have not commenced operations will lose their licences,” Mulenga cautioned.

“Compelling existing small and large-scale mining companies to account for the gold from their mining operations, implementing measures to curb illegal exploitation of gold and means of accounting for the gold to raise revenue for the government. Other measures include: sensitization of local communities to ensure success of the strategy. The strategy requires a multi-sectoral approach to ensure that all ministries cooperate to account for the gold. The target amount of gold to be collected, as we’ve said by 2020, is 40,000Kgs. And this will come from primary sources and secondary sources that include artisanal and small-scale gold miners. And this is achievable through a well-coordinated approach; that is why we have mandated ZCCM-IH to drive this strategy, working with various partners and stakeholders.”

He said Zambia currently had more than 21 districts with deposits of gold at varying quantities.

“There are currently 21 districts with active gold mining activities, which include: Solwezi; Mwinilunga; Kasempa; Mumbwa; Kabwe; Chisamba; Senga Hills; Mpika; Chilanga; Chadiza; Chirundu; Kazungula; Lundazi; Chongwe; Petauke; Lusangazi; Vubwi; Luano; Rufunsa; Chipata; Mkushi and Serenje. More and more districts are discovering that there is gold in their areas because Zambia is not full or 100 per cent geologically mapped, but rather stands at about 62 per cent,” said Mulenga.

“Computation of estimates of the gold that could be bought off/collected can only be realized with an aggressive approach towards harnessing the artisanal miners in Zambia. We also want our people to derive value from their hard work and not the manner in which they are being exploited by unscrupulous people. This approach will help uplift the living standards of our people, who are currently panning for gold, and improve their local economies in a sustainable and environmentally friendly manner. And that’s where ZCCM-IH comes in.”

And Chipata said the institution was in the process of forming a Special Purpose Vehicle (SPV) that would oversee the operations of all gold-related operations.

He outlined that ZCCM-IH had since embarked on a programme to set up gold-buying centres in strategic panning areas.

“We are in the process of forming a Special Purpose Vehicle that will oversee and undertake all gold-related projects. The name of this vehicle is yet to be announced. Once these results are out, we will continue with the exploration programme, particularly for the primary source of the gold in Kasenseli. This exploration for primary gold source will be happening in tandem with preparatory works for us to commence mining within 2020 once statutory approvals are finalized. Second, as one of the steps towards the formalization of the artisanal and small-scale gold miners. ZCCM-IH has embarked on a programme to set-up gold buying centres in strategic gold panning areas. We have since obtained a mineral trading permit to this effect to enable us carry out this programme. The initial sites include: Rufunsa; Vubwi; Luano; Petauke; Senga Hill and Mumbwa, and will be rolled out to other areas in the country with gold occurrences,” Chipata explained.

He added that ZCCM-IH was working in collaboration with the Ministry of Mines to formalize artisanal gold mines with the objective of curbing illegal mining activities.

“The main objective is to curb the smuggling of gold out of the country; provide an open market and competitive prices for the artisanal gold miners, and ultimately, take stock of the gold output from artisanal miners. Third, aside from this gold-buying programme, we are also working towards formalization of artisanal gold miners in collaboration with the Ministry of Mines and other stakeholders…So far, cooperatives have been registered in some areas such as Rufunsa and Petauke, and these will be given artisanal licences within the licence areas to be granted and managed by ZCCM-IH. As you have witnessed already, there has been a lot of environmental damage in gold panning and mining areas. So, the first step will be to undertake some environmental remediation exercise and this will be done through our environmental and technical services subsidiary, Misenge. We will further provide technical expertise to the artisanal gold miners with regards to mine planning, safety, among others,” said Chipata.

Source: News Diggers