Rembrandt Properties Limited Extract from 2021 Annual Report

Rembrandt Properties Limited (Rembrandt) is a Special Purpose Vehicle between ZCCM-IH (49%), Urban Brands Asset Management (25.5%) and Sims Capital Ltd (25.5%).

Rembrandt was specifically formed to develop the Leopards Square Hotel, an 80-room hotel. The hotel’s delivery schedule has previously been affected by several factors, among them, the Covid pandemic, a change in the project’s scope, a revised development program, delayed funding disbursement, etc.

The project is now scheduled to open to the public in the second quarter of 2022. 

Kansanshi Mining Plc Extract from 2021 Annual Report

Kansanshi Mining reported copper production of 202,159 tonnes of ore for the year ended 31 December 2021 (2020: 221,487 tonnes). The reduction in copper produced was due to an increased, unplanned maintenance and processing competent mixed and oxide ore mainly from stockpiles. Total gold produced was 128,199 ounces, a reduction from 128,409 ounces in the previous year. 

For the year ended 31 December 2021, Kansanshi recorded revenue of ZMW39.57 billion (US$2.01 billion), [(2020: ZMW28.76 billion (US$1.54 billion)], owing to higher metal prices during the period. Net profit over the period was ZMW12.09 billion (US$614.26 million) [(2020: ZMW4,274.67 million (US$229.45 million)]. The increase in profitability was driven by sustained higher copper and gold prices during the year which compensated for the reduction in production volumes. 

During the year, the Board of Kansanshi approved the commissioning of the S3 expansion, which involves the setting up of an additional brand-new concentrator to address the challenge of the depleting oxides that have led to a reduction in ore grades and ultimately production volumes as the mine goes deeper and transitions into a predominantly sulphide mine, from an oxide mine. The new concentrator will ensure that the mine has sufficient capacity to process additional sulphide ore to maintain and increase current copper and gold production volumes. The S3 expansion project is expected to be completed in 2024. 

Dividends declared and paid during the year ended 31 December 2021 amounted to ZMW3.62 billion (US$ 184 million) , [(2020:ZMW48.65 million (US$2.3 million)]. 

Mopani to make $60m profit for first time in 20 years

MWILA NTAMBI, Kitwe
WHILE the situation at Konkola Copper Mines (KCM) looks depressing with the company needing a short-term capital injection of US$88 million, the outlook at Mopani Copper Mines (MCM) is more encouraging with the firm projecting to make US$57 million profit, the first-ever in 21 years.
The revelation is significant. State mining investment company ZCCM-IH took on US$1.5 billion in debt in January to take over Swiss metal trading company Glencore International AG’s majority stake in Mopani.
In April 2000, Mopani purchased assets of the Zambia Consolidated Copper Mines (ZCCM) comprising underground mines, concentrator, smelter, and refinery at Mufulira mine site. It did the same with those at the Nkana mine site in Kitwe.
The price was US$20 million cash and US$23 million in deferred payments, US$159 million new investment commitment, and an additional “conditional investment” commitment of some US$200 million.
But this came with many privileges and tax advantages.
In 2009, Zambia Revenue Authority (ZRA) commissioned Grant Thornton, Norwegian consulting and engineering group ECON Poyry to do a pilot audit of the operational costs, revenues, transfer pricing, employee expenses, and CLICK TO READ MORE 

Source: http://www.daily-mail.co.zm

Kariba Minerals Limited(KML) Extract from 2021 Annual Report

For the year ended 31 December 2021, Kariba Minerals Limited (KML) reported total revenues of ZMW26.12 million (2020: ZMW 12.44 million) with a net profit of ZMW1.63 million (2020: ZMW11.19 million net loss). 

During the period under review, ZCCM-IH provided an extension on the US$550,000 cash cover for KML’s US$500,000 working capital facility with Investrust Bank Plc. The facility was set to expire during the period under review, and KML requested the extension of the facility for an additional 12 months. The request was made due to continued challenges caused by the adverse effects of the Covid-19 pandemic. 

During the year, the Company developed a turnaround plan to transform KML from loss making to profitability. The plan is anchored on establishing a resource estimate and mine plan to increase productivity, implementation of a marketing plan, and value addition and beneficiation to the amethyst. 

The projected impact of the implementation of the turnaround plan on mine operations will be an increase in sales revenue which is expected to increase by more than 50% from the Kenneth Kaunda International Airport Retail Shop, Gemstone trading, manufacturing of Amethyst Stone Tops and Gemstone cutting and polishing. 

There were no dividends declared during the financial year under review (2020: Nil). 

Consolidated Gold Company of Zambia Limited (CGCZ) Extract from 2021 Annual Report

Consolidated Gold Company of Zambia Limited (CGCZ) is a joint venture partnership between 

ZCCM-IH (45%) and Karma Mining Services and Rural Development (55%). Incorporated in 

the year 2020, this Special Purpose Vehicle is focused on developing a gold processing and 

trading hub in Zambia. Phase 1 of the project was commissioned in Rufunsa District where a gold 

leaching plant has been constructed. CGCZ provides processing support to artisanal and smallscale 

miners in Rufunsa and Mumbwa in exchange for tailings material. 

During the year ended 31 December 2021, the Company produced 46.6kg (2020: nil) of gold 

which was sold to Zambia Gold Company. Income for the year ended 31 December 2021 was 

ZMW44.97 million (2020: ZMW0.61 million). CGCZ recorded a loss for the year of ZMW10.22 million 

(2020: 19.16 million). 

Invitation for Bids – HFO

LIMESTONE RESOURCES LIMITED

Incorporated in the Republic of Zambia

Invitation for Bids (IFB)

Supply and Delivery of Heavy Fuel Oil (HFO) to Limestone Resources Limited of Ndola, Copperbelt Province

ONB No.: LRL/001/2021

  1. Limestone Resources Limited (LRL) using financing from own sources (budgeted LRL Operating Expenditure (OPEX) for the 2021 Financial Year), intends to apply part of the funds for payments under the Contract for the Supply and Delivery of Heavy Fuel Oils (HFO) to Limestone Resources Limited of Ndola, Copperbelt Province; Contract: LRL/001/2021.
  2. Limestone Resources Limited “LRL” is a ZCCM Investments Holdings Plc (ZCCM-IH) wholly-owned subsidiary and is located in Ndola District, Copperbelt Province.
  3. It is against this background that Limestone Resources Limited now invites sealed bids from eligible and qualified bidders for the Supply and Delivery of HFO to Limestone Resources Limited of Ndola, Copperbelt Province; Contract No.: LRL/001/2021. The HFO to be delivered to Limestone Resources Limited of Ndola, Copperbelt Province.
  4. 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:

4.1 Citizen-influenced company – 4%

4.2 Citizen-empowered company – 8%

4.3 Citizen-owned company – 12%

  1. 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
  2. Qualifications requirements include:

(a)   Financial Capability.

The Bidder shall furnish documentary evidence that it meets the following financial requirement(s):

      1. A minimum amount of liquid assets and/or credit facilities of ZMW1,760,000.00

(b)     Experience and Technical Capacity.

The Bidder shall furnish documentary evidence to demonstrate that it meets the following experience requirement(s): Carried out at least two (02) contracts of a similar nature and scope in last one (01) year.

  1. 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 through bank transfer.

          Account type: CORPORATE CURRENT ACCOUNT.

          Account currency: ZMW – ZAMBIAN KWACHA.

          Sort code: 040103 BANK STATEMENT / TAX INVOICE

          Account number: 9130004314402

 

  1. The address referred to above is:

Head of Procurement
Limestone Resources Limited
P.O. Box 70057, Plot 1523
Depot Road Cleveland Park
Ndola, Zambia  

E-mail: ASakala@lrl.co.zm

  1. Bids must be delivered to the address below at or before 10:00 hours on Thursday, 06th September 2021. 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 06h September 2021. All bids must be accompanied by a Bid Securing Declaration.
  2. The address referred to in clause 8 is:

Head of Procurement
Limestone Resources Limited
P.O. Box 70057, Plot 1523
Depot Road Cleveland Park
Ndola, Zambia  

E-mail: ASakala@lrl.co.zm

Chibuluma Mines Plc Extract from 2021 Annual Report

Following the sale of Chibuluma South Crown Pillar Mine, Chibuluma Mines could not sustain operations with ore from Chifupu Underground Mine alone. Therefore, the Chibuluma Mines Plc Board, resolved to place the operations of Chibuluma Mine Plc under care and maintenance with effect from 1 July 2020. This resulted in the Company getting into a lease agreement with Lian Chao and Yue Ventures Limited (LC&Y) to operate key mining operations for the 2021 financial year. 

The lease between Chibuluma and LC&Y was recognised for the period up to 30 June 2021. The investment of the lease was US$ 6.79 million, and the assets disposed of by Chibuluma was US$ 5.00 million. This resulted in a net gain on the lease investment of US$ 1.79 million as charged to the income statement.

Following the resumption of production under LC&Y a total of 1,069 tonnes of payable Copper was sold to Chambishi Copper Smelter by LC&Y. Chibuluma earned income royalty of US$ 0.88 million. For the period under review, the Company recorded a net profit of US$ 1.69 million against a budget loss of US$ 1.13 million due to favourable prices and increased production under the lease agreement. 

There were no dividends paid during the year ended 31 December 2021 (2020: Nil). 

ZGCL Job Advert July 11th 2021

Zambia Gold Company Limited (Zambia Gold) was incorporated on 10 January 2020. Zambia Gold (the ‘Company’) is co-owned by ZCCM Investments Holdings Plc with a 51% stake and the Ministry of Finance owning the remaining 49% stake.  Zambia Gold is mandated to lead the development of the gold sector in Zambia by undertaking commercial activities for the benefit of all stakeholders. In order to achieve this objective, Zambia Gold Company will broadly undertake the following activities:

  1. Acquire exploration licenses and carry out mineral exploration with a focus on gold (either directly or in partnership with other entities)
  2. Develop and operate mines for gold and other precious minerals
  3. Refining, grading, producing, cutting and processing of gold and other precious minerals
  4. Buying and selling of gold and other minerals
  5. Support artisanal mining operations and transforming these into commercially viable activities
  6. Pursue value addition opportunities in the precious metals sector

In order to achieve this mission, the Company invites applications from suitably qualified and experienced individuals who are innovative, energetic and performance-driven to fill the following positions:

1. Civil Engineer X 1

Location         :           Lusaka                                           
Department   :           Mining
Report to        :           Manager Engineering Services    
Job Purpose   
To handle all matters relating to civil engineering construction and maintenance in the company. Maintain at all times high standards of Safety and Environmental management expected for the operations.           
Main duties

  1. Develop a detailed operational plan relating to civil works for the Company
  2. Attend to all new civil engineering construction works and designs (roads, buildings, water dams, tailings dams, drainages etc.)
  3. Attend to all civil engineering faults and repairs.
  4. Carry out preventive maintenance of all civil engineering works in the company.
  5. Ensure that materials required for civil engineering works are available.
  6. Initiate procurement of required civil engineering materials for both new and old projects on site.
  7. Carry out all new installations and modifications of civil engineering works as directed by the supervisors.
  8. Ensure that any work is carried out in a safe and environmentally friendly manner.
  9. Ensure that all equipment relating to civil engineering works are in good operating state
  10. Compile weekly, monthly, quarterly, and annual civil engineering status reports.

Qualifications and experience

  1. Professional Qualifications
    Full Grade 12 Certificate
    Bachelor’s Degree Civil Engineering or its equivalent
    Master Degree in a relevant field will be an added advantage.
    Professional membership              
  2. Minimum Relevant Pre-Job Experience:
    7 years’ experience in a similar position. 
  3. Skill Specifications:
    Sound mathematical, scientific and IT skills
    Excellent verbal and written communication skills
    Ability to work to deadlines and within budget
    Problem solving skills
    Ability to maintain an overview of entire projects while continuing to attend to detailed technicalities
    Complete knowledge of relevant legislation
    Negotiating, supervisory and leadership skills
    d) Other Attributes (Personality Traits)
    Creativity
    Persuasive
    Pleasant
  4. e) Valid Driver’ s license

 

2. Safety Officer X 1

Location:                  Mwinilunga                                             
Department:           Mining
Report to:                 Project Manager         
Job Purpose 
To undertake work place activities to ensure that workers comply with company policies, procedures and government safety regulations and maintenance of Health and Safety Management System (HSES) records in order to facilitate decision making
Main duties

  1. Developing and implementing safety policies to reduce accident-related cost and prevent losses due to a decline in productivity
  2. Conduct safety inspections.
  3. Conduct safety training, coaching/induction.
  4. Conduct risk assessments.
  5. Conduct monthly safety meetings.
  6. Prepare Safety Topics (Daily, weekly and monthly).
  7. Investigate incident/accident/RCAT.
  8. Ensuring compliance with the Occupational Safety & Heath Administration, commonly known as OSHAs and other relevant regulations
  9. Supervise sub-contractors in issues pertaining to HSES
  10. Compile weekly , monthly, quarterly and annual civil engineering status reports

Qualifications and experience

  1. Professional Qualifications
    Full Grade 12 Certificate
    Diploma in Occupational Health and Safety Management Systems or its equivalent
    Degree in a relevant field will be an added advantage.
    Professional membership             
  2. Minimum Relevant Pre-Job Experience:
    More than 5 years’ experience in both mining or construction industry  
  3. Skill Specifications:
    Excellent verbal and written communication skills
    Computer skills
    Problem solving skills
    Supervisory and leadership skill
    d) Other Attributes (Personality Traits)
    Deep appreciation of mining regulations
    Persuasive
    Pleasant        
  4. e) Valid Driver’ s license

 

3. Assistant Security Officer-General Duties X 12

Location:                  Mwinilunga                                           
Department:           Human Resources
Report to:                 Security Officer-General Duties
Job Purpose   
To provide and deliver efficient and quality security by protecting company property, employees, visitors and contractor employees.         
Main duties

  1. Coordinate preliminary investigations of all crimes, or any losses incurred by the Company, Staff and Clients.
  2. Provide physical means of protecting staff and property and should be very alert for proper guarding against thefts, pilferage, accidents and intruders.
  3. Maintain all the key register properly and shall secure the keys properly in a designated safe place.
  4. Maintains and updates all the documentations on a daily basis
  5. Conduct internal patrols during the tenure of duty.
  6. Allocate duties to hired security Guards and ensuring that the guards are aware of their post and site instructions
  7. Ensures that the search of baggage of employees, visitors and motor vehicles is carried out effectively.
  8. Maintain the visitors register properly. 
  9. Maintain all security devices and products in good condition
  10. Prepare and submit daily security reports

Qualifications and experience

  1. Professional Qualifications
    Full Grade 12 Certificate
    Certificate in Security (Police or Military) or its equivalent
    Relevant tertiary qualification will be an added advantage.
    Professional membership                     
  2. Minimum Relevant Pre-Job Experience:
    6 years’ experience in a similar position.
  3. Skill Specifications:
    Verbal and written Communication skills
    Computer skills
    Critical thinking skills
    d) Other Attributes (Personality Traits)
    Honesty and integrity
    Sober character
    Physical stamina
    Teamwork
    Courage
    Morality
    Appreciation of the Zambian Laws
    Persuasive
    Pleasant           

 

4. Assistant Security Officer-Investigations X 2

Location:           Mwinilunga
Department:    Human Resources
Report to:          Security Officer-Investigations
Job Purpose   
Provide expert evidence regarding complex site investigations of fraud and theft-related incidents.    
Main duties

  1. Prepare and present investigation enquiries to management
  2. Prepare and present docket enquiry files for Zambian Police Service as directed by the Investigations Superintendent
  3. Investigate incidents and occurrences as directed by the company Investigation Superintendent or Security Manager
  4. Call handling and initial response to reports of breaches of the company procedures or code of conduct
  5. Criminal Court attendant in relation to enquiries and investigations undertaken on behalf of the company.
  6. Attend to crime scenes relevant to the company`s business in Zambia
  7. Investigate white collar and syndicate crime affecting the company’s operations in Zambia
  8. Maintenance of Security incidents and investigation records.
  9. Loading of all statements, documentation, exhibits and photographs onto PPM 200.
  10. Compile and gather evidence

Qualifications and experience

  1. Professional Qualifications
    Full Grade 12 Certificate
    Certificate in Security (Police or Military) or it’s equivalent
    Diploma in investigations, law, or any discipline in Social Sciences/Commercial field  Professional membership
  2. Minimum Relevant Pre-Job Experience:
    A minimum of at least 7 years’ experience in a reputable organisation with a criminal investigation bias or forensic knowledge.
  3. Skill Specifications:
    Verbal and written communication skills
    Computer skills
    Critical thinking skills
    d) Other Attributes (Personality Traits)
    Honest and integrity
    Sober character
    Appreciation of the Zambian Laws
    Persuasive
    Pleasant   
  4. e) Valid clean Driver’ s license

 

5. Excavator Equipment Operator X 2

Location:                  Mwinilunga
Department:           Mining
Report to:                 Shift Supervisor

Job Purpose   
Safe operations of Excavator Equipment and perform other duties at Kasenseli Gold Project Mine Site as need may arise. Maintain at all times high standards of Safety and Environmental management expected for the
Main duties

  1. Loads ADT’s (Articulated Dump Trucks) in a safe and productive manner as per operating standards.
  2. Completes correct pre-start checks and correct start up procedure on excavator.
  3. Maintains safe and clean working area of loading bays.
  4. Maintains housekeeping standards on the excavator.
  5. Carry out other projects work at Kasenseli Gold Project as directed by the supervisors.
  6. Co-ordinates excavator moves in a safe and productive manner.
  7. Selectively mine required material as per Supervisor instructions.

Qualifications and experience

  1. Professional Qualifications
    Prefeably full Grade 12 Certificate
    RTSA Code B Driving Licence or Heavy equipment certificate from recognised institution is desirable
    Experience in excavating in rocky terrain will be added advantage.            
  2. Minimum Relevant Pre-Job Experience:
     6 years work experience in mining industry or any other operations
  3. Skill Specifications:
    Good Communication skills.
    Knowledge of Health and Safety rules.
    Reliable, Team player, self-starter and self-supervisor.
    d) Other Attributes (Personality Traits)
    Honest
    Integrity
    Persuasive
    Pleasant

 

6. Articulated Dump Truck Equipment Operator X 1

Location:                 Mwinilunga                                         
Department:          Mining
Report to:                Shift Superviso

Job Purpose   
Safe operations of ADT Equipment and perform other duties at Kasenseli Gold Project Mine Site as need may arise. Maintain at all times high standards of Safety and Environmental management expected for the operations. 
Main duties

  1. Operates the ADT (Articulated Dump Truck) in a safe and productive manner as per  operating standards.
  2. Completes correct pre-start checks and correct start up procedure on the ADT.
  3. Obeys haul routes speed limits and minimises spillages on haul routes.
  4. Maintains housekeeping standards on the ADT.
  5. Carry out other projects work at Kasenseli Gold Project as directed by the supervisor.
  6. Should be able to effectively reverse in tight and steep areas when loading and tipping.

Qualifications and experience

  1. Professional Qualifications
    Prefeably full Grade 12 Certificate
    RTSA Code B Driving Licence or Heavy equipment certificate from recognised institution is desirable
    Work experience in rocky terrain will be added advantage.
  2. Minimum Relevant Pre-Job Experience:
    6 years work experience in mining industry or any other operations
  3. Skill Specifications:
    Good Communication skills.
    Knowledge of Health and Safety rules.
    Reliable, Team player, self-starter and self-supervisor.
    d) Other Attributes (Personality Traits)
    Honest
    Integrity
    Persuasive
    Pleasant

Zambia Gold Company Limited provides equal employment opportunities to all Zambians on merit without discrimination on the basis of age, gender, colour, tribe, disability, or religion.

Interested, suitably qualified and experienced persons should send their application together with certified copies of Academic and Professional certificates; a detailed Curriculum Vitae with traceable references and copy of the NRC should reach the undersigned not later than Friday, 23rd July, 2021.

Only shortlisted candidates will be responded to.
Head Human Resources and Administration
Zambia Gold Company Limited
Subdivision F/377a/30/B
Kudu Road, Kabulonga
LUSAKA

Email: jobs@zccmnew.wpenginepowered.com

Download the document here: ZGCL Advertisement 11 July 2021

Arbitrator in the “end game” of Kansanshi case with ZCCM-IH

Shareholders in Zambia’s largest mining investment firm have been advised that the arbitration case involving one of its investee companies has continued to progress and is nearing an end, according to a statement from ZCCM IH.

Further to the cautionary announcement dated 25 November 2020, the Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company” or “the Board”) hereby wishes to inform shareholders and the market that arbitration proceedings against ZCCM-IH and Kansanshi Mining Plc (“KMP”) by Kansanshi Holdings Limited (“KHL”) have progressed”, read the latest statement on the matter from Company Secretary Chabby Chabala on 23 June 2021. “The arbitration tribunal has issued a Partial Final Award (dated 29 January 2021) in the arbitration, pursuant to which ZCCM-IH’s defence has been successful and various declarations have been granted in ZCCM-IH’s favour”.

The matter in question relates to “the arbitration proceedings that followed a criminal complaint made by ZCCM-IH with allegations of an unauthorised transfer of money by Kansanshi Mining to First Quantum’s local subsidiary”, according to Reuters in 2019.

Shareholders will recall the Reuters article that covered the story which disclosed the interdependency of “a separate case that ZCCM-IH began action in October 2016 to sue First Quantum for $1.4 billion over claims that the Canadian company borrowed $2.3 billion from its Zambian copper mining subsidiary Kansanshi without informing ZCCM-IH, a minority shareholder”.

In their latest statement, ZCCM IH indicates that “certain matters remain outstanding and will be addressed by the tribunal in the Final Award”.

Despite this signaling a favorable arbitrational journey, “shareholders were still advised that the matter is still on-going and may still have a material effect on the price of the Company’s securities. This is why ZCCM IH will continue to update Shareholders as the case progresses.

Source: http://fizambia.com/arbitrator-in-the-end-game-of-kansanshi-case-with-zccm-ih/