Maamba Collieries Limited (MCL) is the largest coal mining company in Zambia. MCL adopts modern, eco-friendly mining and processing methods. To add substantial value to the mining operations, MCL is setting up initially a 300 MW mine-mouth, coal fired power plant at Maamba. This will cater to the growing demand for power and contribute to economic development of the nation. Maamba Collieries limited is situated in the mid-Zambezi valley at 17 0 21’ South and 270 11’ East with an altitude of approximately 700 meters above sea level.

History

Coal mining operation in Zambia was initially started way back in 1966 at Nkandabwe area approximately 34 km North – East of present Maamba Collieries limited mine site. Nkandabwe mine was operating in the name of National Coal Board of Zambia (NCBZ).

In the year 1967 operations at Nkandabwe mine were abandoned due to complex geological faulting, steep inclination of coal seams and inundation of the mine pit by underground water. There after the initial works on development of the new coal mine at Maamba began.

Read full history

Corporate Social Responsibility

MCL strongly believes in development of communities around its operations as a key factor for its sustainable growth. It follows a well-defined Community Development Programme aimed at addressing the needs of these communities.

The Company has established Maamba Development Trust to spearhead social and economic development in Maamba, Sinazongwe district as a whole and in other areas where Maamba Collieries Limited conducts its business, with particular emphasis on health, education and livelihood development activities.

Read our full CSR activities

Extract from 2018 annual report

Maamba Collieries Limited (MCL) reported total revenue of K1,172.00 million (US$122.73 million) for the year ending 31st March 2018 [(2017: K100.38 (US$10.18 million)] and had profit after tax of K148.87 million (US$15.59 million) [(2017:K211.2 million (US$2.15 million)]. The increase in revenue and profits was due to the recording of all revenue and costs from the Thermal Power Plant from the commercial operating date in August 2017. The company’s assets exceeded its liabilities by K1,172.1 million (US$123.50 million) as at 31st March 2018 (2017: K1,037.1 million (US$107.92 million). Additionally, the company had accumulated losses amounting to K675 million (US$70.69 million) [(2017: K842.72million (US$87.69 million)].

During the year under review, the 300MW Thermal Power Plant together with the 330kV Transmission Line and Kariba Water Pumping System were taken over from the respective Engineering, Procurement and Construction (EPC) Contractors by MCL. MCL is now operating and maintaining the facilities through its Operations and Maintenance (O&M) Contractor.

MCL extracted 530,030 tonnes of high grade coal (2017: 355,126 tonnes) and 120,893 tonnes of low grade coal (2017: 188,325 tonnes). Coal transported to the Power Plant was at 1,076,216 tonnes (2017: 555,810 tonnes). The Coal Handling and Processing Plant throughput was at 168,934 tonnes (2017: 199,487 tonnes).

The revenue and financial position of the company is expected to improve going forward given the commissioning of the Thermal Power Plant.

There were no dividends declared during the year under review (2017: Nil).

Extract from 2017 annual report

Maamba Collieries Limited (MCL) reported total revenue of K100.38 million (US$10.18 million) for the year ended 31st March 2017 (2016: K121.9 million (US$12.34 million) and had profit after tax of K21.2 million (US$2.15 million) (2016: K52.85 million (US$5.35 million). The company’s assets exceeded its liabilities by K1,023.8 million (US$107.91 million) as at 31st March 2017 (2016: K1.180.61 million) (US$105.6 million)). Additionally, the company has accumulated losses amounting to K842.72 million (US$87.69 million) (2016: K999.49 million (US$89.4 million).

During the year under review, MCL commissioned the first 150 MW Thermal Power Plant in August 2016 and the second 150MW was commissioned in November 2016 and the Commercial Operations Date was set for 31st December 2016.Maamba Collieries Limited is currently supplying 270MW to ZESCO. The revenue and financial position of the company is expected to improve in the future after the commissioning of the Thermal
Power Plant.

There were no dividends declared during the year under review (2016: Nil).

Energy & Coal

Significant investment in the power sector through a Company that supplies power to all the major mines in Zambia.