Kabundi Resources Ltd, established in May 2019 by ZCCM-IH, operates in the Central Province of Zambia focusing on manganese mining. Since beginning operations in May 2020, it has aimed for a production expansion, currently running two wash plants with capacities of 1,200 tonnes per day (8-hour shift) and 150 tonnes per hour. The ore grade averages about 45% manganese. A total of 2,325 tonnes of manganese was produced during the year ended 31st December 2023.  

Future plan includes establishing a manganese plant with a capacity of 60,000 tonnes per annum over three phases and developments in the Company’s manganese mining activities.  

For the year ended 31 December 2023, Kabundi Resources Limited reported total revenues of ZMW1.1 million (2022: ZMW 13.64 million) with a net profit of ZMW3.85 million (2022: net profit of ZMW 5.5 million).  

There were no dividends declared during the year (2022: Nil).