In compliance with the requirements of the Securities Act, No. 41 of 2016 of the Laws of Zambia and Section 3.4 of the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (“ZCCM- IH” or the “Company”) announces the suspension of all mining and processing operations at Kasenseli Gold Mine (“Kasenseli Mine”) in Mwinilunga, North-Western Province. This follows a Ministerial directive from the Ministry of Mines and Minerals Development to suspend operations and address concerns relating to Kansenseli Mine’s license conditions and safety regulations. The concerns raised by the Ministry chiefly relate to safety and security, amongst others.
The suspension of mining operations at Kasenseli Mine was effective 22nd October 2021 and will remain in force until all issues highlighted in the Ministerial directive are closed out. Kasenseli Mine is operated by Zambia Gold Company Ltd, a subsidiary of ZCCM-IH