All Posts

Corporate Social Investment, ZCCM-IH

Clean Water Comes Close To Home For Kamwesha Gold Panners And Households In Rufunsa

ZCCM-IH has handed over a solar-powered water borehole to the Kamwesha Community of Rufunsa District. The water borehole which is equipped with a solar powered pump and a 10, 000 litre tank will be used by the artisanal gold panners and surrounding households in the area. This is part of an initiative between ZCCM-IH and Zambia Gold Company Ltd aimed at ensuring artisanal gold panners have consistent water supply for gold processing purposes during the off-rainy season when streams dry out.  There are 4 gold panning cooperatives in the area with a total of 100 members.

The water borehole is also being utilised by over 23 nearby house holds, who have since started planting vegetable gardens near the borehole that is equipped with 3 water taps at different collection points. The households used to travel 5-10 km to draw water from a stream in the hills of the mountainous Kamwesha area.   

The commissioned water borehole system has in no doubt changed the lives of the local community and will go a long way in improving the activities and production of the artisanal gold miners in the area.

The water borehole is one of the three boreholes drilled in Rufunsa District, as part of our ‘Clean water for Zambia’ CSR project which started in 2017 and aimed at providing access to safe and clean water to the far-flung areas.  The project has since reached various communities around the country including Sinda, Petauke, Dudumwezi, Chilanga, Lufwanyama, Ndola, Masaiti, Mungwi, Mpika, Nyimba, Vubwi, Chongwe and Kaoma districts.

 

2-min
15-min
17-min
11-min
10-min
3-min
4-min
5-min
6-min
7-min
8-min
9-min
13-min
12-min
18-min
1-min
16-min
14-min-1

Archived Tenders, ZCCM-IH

NOTICE OF BEST EVALUATED BIDDER – PROCUREMENT FOR DIAMOND DRILLING CORE SAMPLING WORKS IN RUFUNSA

The Procurement Committee has authorized the award of the contract for the procurement requirement to the “best-evaluated bidder” as detailed below.

It is the intention of the Procuring Entity to place a contract with the named bidder after ten (10) working days from the date of display given below.

Procurement Reference Number ZCCM-IH/043/2022
Procurement Description Diamond Drilling Core sampling Works Rufunsa District Covering License Area No. 25796-HQ-SEL
Method of Procurement Open National Bidding (ONB)
Name of the Best Evaluated Bidder Geohydro Consulting Services Limited,
Address of the Best Evaluated Bidder Plot No. 15 Manda Hill RD Olympia Park,
P.O Box 39333
Lusaka, Zambia.
Proposed Contract Price ZMW8,694,078.20, VAT Inclusive with a completion period of 13 weeks from commencement.
Date notification issued Thursday, 22nd September, 2022
Date of end of notification Wednesday, 5th October, 2022

Kindly note that this Notice does not constitute an award of contract to the bidder mentioned above. Bid acceptance and contract placement shall be in accordance with Part X of the Public Procurement Regulations.

Bidders have the right to appeal against the proposed award in accordance with Section 70 of the Public Procurement Act and Section 170 to 172 of the Regulations, provided the appeal is made within ten (10) days of the date of this notice

Read the full document here: Notice of Best Evaluated Bidder – Procurement for Diamond Drilling Core Sampling Works in Rufunsa – Revised
Corporate Social Investment, ZCCM-IH

ZCCM-IH Hands Over Water Borehole To Lukwipa Community In Rufunsa

ZCCM Investment Holdings (ZCCM-IH) has donated a solar powered water borehole and a 10, 000 litre water tank to the Lukwipa Community in Rufunsa District. The donation has been made as a part of the ZCCM-IH “Clean Water for Zambia” initiative born from the United Nations Sixth Sustainable Development Goal to provide clean water and sanitation to all by 2030.

Handing over the borehole to the Lukwipa Community, ZCCM-IH Chief Financial Officer, Ms. Chilandu Sakala, said the installation of the solar powered borehole in Lukwipa is a demonstration of ZCCM-IH’s social corporate responsibility of value creation in the communities that the company invests in.

“As a company, we deliberately balance the support we give through our corporate social responsibility activities to communities where value creation of the company’s investments exists, and other areas not necessarily directly connected to where a ZCCM-IH asset or investment is located. We strongly believe that areas that we do not have direct business interests should also be included in our CSR activities so that all Zambians can benefit from the company’s operations.” ZCCM-IH in collaboration with its subsidiary, Zambia Gold Company Limited (ZGC) are currently carrying out exploration works in Rufunsa District and are committed to ensure that benefits of their presence in Rufunsa are delivered to the community.

Her Royal Highness Chieftainess Mpanshya, and Rufunsa District Commissioner, Mr. Richard Mabena graced the event held in Mika village.

Chieftainess Mpanshya expressed happiness that ZCCM-IH had installed and officially handed over the borehole. “When touring my chiefdom, I noticed that there was a great challenge of water in the community, and this borehole will ease the hardships that were faced before its installation” said Chieftainess Mpanshya who further urged the community to look after the borehole and protect it from vandalism or theft of the solar panels in particular. 

Also speaking at the handover event, Rufunsa District Commissioner, Mr.  Richard Mabena urged any would be investors and those operating in the area to invest in the community as part of their corporate social responsibility obligation. Mr. Mabena said such investments would help improve the living standard of the local community. He noted that there was a lot of charcoal burning and deforestation in the area, which would now be averted by the availability of water in the area for farming and other activities.

The water borehole was officially handed over and commissioned by ZCCM-IH Board member Bishop John Mambo in the company of Mrs Chilandu Sakala and Zambia Gold Company members of staff. ZCCM-IH has sunk three solar powered boreholes in the Rufunsa area that are equipped each with a ten thousand litre tank and tank stand, all valued at a combined cost of 862,000.00 Zambian Kwacha.

17-min
11-min
61-min
21-min
13-min
untitled-13-min
untitled-14-min
1-min
11-min
61-min

Annual Report Summaries, Investee Companies

Misenge Environmental and Technical Services Limited (METS) Extract from 2022 Annual Report  

Misenge Environmental and Technical Services Limited (METS) generated a total of ZMW 4.93 million in revenue for the year ended 31st December 2022 (2021: ZMW17.11 million). METS reported a net loss of ZMW4.39 million (2021: ZMW2.51 million profit)  

During the period under review, METS continued the implementation of its Strategic Turnaround and Marketing Plan. ZCCM-IH capitalised the company with ZMW45.323 million during the year. Management also made steady efforts to raise capital for equipment and develop non-ZCCM-IH business relationships for the formation of strategic alliances and partnerships in the provision of environmental services.  

There were no dividends declared during the period under review (December 2021: Nil)  
Annual Report Summaries, Investee Companies

Copperbelt Energy Corporation Plc (CEC) Extract from 2022 Annual Report

During the year ended 31 December 2022, CEC reported total revenue of ZMW6.34 billion (US$374.44 million), (2021: ZMW6.74 billion (US$342.52 million)) and profit after tax of ZMW1.68 billion (US$98.71 million), (2021: ZMW1.01 billion (US$51.25 million)).  

The Bulk Supply Agreement between CEC and ZESCO that expired on 31 March 2020 was renewed after the year end on 7 April 2022. This delay negatively impacted the business’ margins and performance. Nonetheless, CEC proved to be a resilient business and continued to thrive and diversify its operations in spite of the challenges faced.  

Further, CEC successfully contested Statutory Instrument (SI) No.57 of 2020 that declared its transmission and distribution lines as common carrier. The declaration was quashed by the high court and replaced by SI No. 24 of 2021. The court did not pronounce itself on the said SI, as the new government took the decision to repeal the SI No. 24 of 2021. This action has fully restored CEC’s commercial rights over it’s own infrastructure. For the year under review, the CEC share price opened at ZMW 1.10 per share and closed at ZMW 1.95. Based on the period-to- 30 September 2021 performance, CEC management did not budget for any dividend payment. However due to unexpected improvements in financial performance.  

The Company declared and paid a dividend of US$ 50.37 million with ZCCM-IH receiving US$ 10.3 million (2021: US$9 million).  
Annual Report Summaries, Investee Companies

Kabundi Resources Limited) Extract from 2022 Annual Report

For the year ended 31 December 2022, Kabundi Resources Limited (KRL) reported total revenues of ZMW13.64 million (2021: ZMW 5.58 million) with a net profit of ZMW5.5 million (2021: ZMW 1.95 million net loss).  

Kabundi Resources Limited (KRL) began its own mining operations to try and boost revenues in addition to the existing royalty arrangement that had been in place since inception. A total of 26,133 tonnes of manganese was produced during the year ended 31st December 2022.  

In the period under review, Kabundi made progress with phase 2 which included starting own mining and conducting additional exploration activities. This was made possible through additional funding that was provided by the shareholders.  

During the period under review KRL continued its mining activities on Three (3) sites namely “Kabundi A & B” and also in Ntenge where KRL had acquired another mining license. Going forward, the Company’s focus will be to acquire mining equipment and further Kabundi paid management fees totalling ZMW 0.9 million to ZCCM-IH in the period under review.  

There were no dividends declared during the period under review (December 2021: Nil).  
Investee Companies, Investee Company News, ZCCM-IH News

Konkola: Key to hitting 3 million tonnes copper target

The new dawn government of President Hakainde Hichilema has set its vision clearly when it comes to copper mining – it wants to ramp up production to three million tonnes per annum in the next decade.

With current production standing around 800,000 metric tonnes (mt) per annum, it is quite an ambitious plan – too ambitious, some in the industry have argued.
But there is good motivation for such efforts – an expected huge demand for copper driven by the nascent electric car industry, and the price for the red metal, which peaked above US$10,000 per tonne about two years ago.

Copper prices reached an all-time high of US$10,512 per metric tonne on May 9, 2021, but have receded to about US$8,000 in the recent past, which is still a good price for copper producing countries such as Zambia.

Some mining companies in the country are already responding accordingly to the prospect of high demand, making new investments to increase production. But one major player, Konkola Copper Mines (KCM), cannot rush to the table yet, held back by

 

Read more: http://www.daily-mail.co.zm/konkola-key-to-hitting-3-million-tonnes-copper-target/
Annual Report Summaries, Investee Companies

Lubambe Copper Mine Limited Extract from 2022 Annual Report

Lubambe Copper Mine Limited (Lubambe) reported total revenue of ZMW 2.38 billion (US$ 139.72 million) (2021: 2.9 billion (US$148.60 million)). Over the same period, the Company recorded a loss of ZMW1.83 billion (US$ 107.12 million), (2021: loss of ZMW1.81 billion (US$ 92.0 million)). Lubambe’ s road to recovery was a challenging one for the period under review as problems of poor ground conditions, dewatering challenges, effectts of Covid-19 and high ore dilution persisted. Management changed its mining methods and mine plan following completion of the SRK technical report. Production performances improved in the second half of 2022. Lubambe produced 17,310 tonnes in payable copper against a budget of 20,955 tonnes.  

Subsequent to the year end, Lubambe announced the US$ 150 million investment by Kobold which shall be used for exploration activities for the Extension project, debt restructuring and operations of the business. The Extension project area shall be transferred into a new licence under a new company, MIingomba Mining Limited. ZCCM-IH still retaining 20% in both existing mine license and new license for the Extension Project area. The transaction was completed subsequent to year end.  

Lubambe existing license has remaining life of the mine of circa 7 years and there is need to explore business opportunities.  

There were no dividends paid during the year under review (2021: Nil).
Investee Companies, Investee Company News, ZCCM-IH News

KCM team wins national mine-rescue competition

Konkola Copper Mines Plc (KCM) mine rescue teams have emerged winners of the 2022 national mine rescue competition, a dress-rehearsal undertaken to ascertain the preparedness of underground mine rescue teams to manage major mine accidents in the mining sector.

The annual event, which was held for five days from July 25, 2022 at the Victoria Falls Hydro-Power Station in Livingstone, comprised nine underground mine rescue teams from KCM, Mopani Copper Mines (MCM), NFCA, CNMC Luanshya, Lubambe Copper Mines and Mabiza Resources Nickel Mine.

The participants are assessed on various critical requirements in mine rescue such as fitness, team-work, firefighting and life-saving techniques, as well as disaster management.

KCM’s Nchanga Team C emerged overall winners of the national final heat competition, which is organized by the Zambia Mines Rescue Association (ZMRA).

The KCM Nchanga Team C scored 179.4 points in the tightly contested final heat where another KCM team Konkola Team A came out second with 179.1 points. Last year’s winners Lubambe Copper Mine Team B were in third position with 177.3 points.

KCM Group Safety Manager Operations Felix Sikaonga said the performance of the KCM teams underlined the Company’s priority placing Safety ahead of production and also an indication that the safety teams had not dropped the bar despite being away from the competition for three years.

Mr Sikaonga said, “We last participated in the final heat competition in 2018 where Nchanga C won the competition. They have replicated that victory, which is proof of the Company’s robust safety standards. It reinforces our continuous focus on safety trainings and other internal measures intended to safeguard life and our assets.” “KCM will continue to play a part in ensuring safety is upheld in all out operations as we also keep exchanging global best practices with our peers in order to make Zambia mining and communities in and around mining areas safe havens,” he said.

The KCM team, which won the 2018 competition is scheduled to represent Zambia at the 2022 International Mine Rescue Competition (IMRC) in West Virginia, USA in September, after the resumption of the international competition derailed by the Covid-19 pandemic.

Nchanga C team, the winners of the year’s final will again represent the country with two other teams from Mopani and Lubambe who won in 2019, 2020 and 2021 respectively, in the international competitions which will be held in Colombia next year.

“These are exciting times in the sense that it is the first time that a KCM team will represent the country in an international mine rescue competition. We are confident of an award[1]winning performance from the KCM team,” he said.

This is contained in a statement issued by KCM General Manager Corporate Affairs Shapi Shachinda.

 

Source: https://tiozambia.com/kcm-team-wins-national-mine-rescue-competition/
ZCCM-IH, ZCCM-IH News

Zambia secures its stake in the EV battery Market

The Kalumbila district in the North western province of Zambia is endowed with vast mineral deposits such as copper, cobalt, gold and now nickel, a key element in the manufacturing of lithium iron batteries, using electric car vehicles.

Zambian President Hakainde Hichilema has recently launched the Enterprise Nickel Mine. The project owned by First Quantum Minerals in Kalumbila district carries a significance of providing raw materials for the production of electric motor vehicle batteries. Once up and running, First Quantum Minerals’ (FQM) mine will be the largest producer of the strategic metal in Africa. Nickel, like lithium, cobalt, and copper, is an essential component in the batteries essential for the new era of ‘green’ vehicles.

“I would like to thank First Quantum for the decision to invest $1.35bn in the expansion of Kansanshi…and to raise additional capital for Enterprise,” said President Hichilema at the ground breaking ceremony for the mine.

“This investment, $1.3bn, will deliver direct and indirect jobs, somewhere in the region of 18,000; and in this country, colleagues, one job supports 10 other members of the family in the house or extended. So if you do your numbers correctly, 18,000 by 10, it’s 180,000 people benefitting. That is where the value sits. So thank you First Quantum,” he added.

Designed to process 4 million tonnes of ore and produce around 28,000 tonnes of nickel per year, Enterprise will provide an estimated 700 permanent jobs while making Zambia the largest nickel producer on the continent and the 10th largest producer of the highly sought-after mineral in the world. Hichilema says development will also help the country make the vision of moving into a clean and environmental friendly nation a reality.

Traditional leaders who have overseen the setting up of the nickel mine met President to voice their concerns. “We are in the suggestion that at least 15% of the revenue collected in these mining activities must remain in the province for development in order to mitigate the negative impacts that arise from mining” Chief Munema of the Kaonde People, in the North Western Province.

FQM announced the company’s US$100 million investment into the project at the African Mining Indaba in May, where President Hichilema welcomed the investment and reaffirmed his desire to see more partnerships like this that would turn Zambia into a hub for development and secure the country’s place in the electric vehicle (EV) battery ecosystem.

The nickel processing plant, which was completed in 2016 and given environmental approval, has sat on care and maintenance awaiting favourable market conditions since then. Now, with the global push for a green energy transition, rising demand for metals like nickel that are integral to the shift, and a new, favourable mining regime, the timing is just right for the nickel operation to finally be fired up.

Speaking at the groundbreaking ceremony, FQM CEO Tristan Pascall said: “If the last few years have taught us anything, it is that stability is paramount. As key players in an industry where geopolitical security is so important, the hard work that Zambia has put into protecting that peace and stability does not go unnoticed. Zambia certainly is a prime investment destination for us.

“With over a quarter century of experience under our belt, we appreciate the importance of working hand-in-hand with stakeholders and aligning with government mandates. Soon to become our third operation here, Enterprise project is in our books, a vote of confidence from – and for – the Zambian government and the Zambian people. It is a vote of confidence in our continued transparency, responsibility, and operational excellence.” said Pascal.

This leap to secure Zambia’s stake in the EV battery market will not only shift the country’s economic dependence from copper but will also unlock fresh opportunities for business and innovation in the nickel value chain.

Source: https://www.miningreview.com/nickel/zambia-secures-its-stake-in-the-ev-battery-market/