Over the twelve-month period ended 31 December 2021, the Bank’s financial performance indicated an improvement as compared to the prior period, with year-to-date operational profits of ZMW15.07 million (December 2020: Loss of ZMW57.58 million) The improvement is attributed to the Bank successfully implementing the principal initiatives in its turnaround plan and the ZMW286 million capital injection from ZCCM-IH.
ZCCM-IH, alongside other key stakeholders in Investrust, have continued to make efforts to fully recapitalise the Bank in order to make it competitive and enable it to play its rightful role in the Zambian financial sector.
The Bank’s share price on the Lusaka Securities Exchange closed the period under review at ZMW15 (2020: ZMW12).
There were no dividends declared during the period under review (December 2020: Nil).
One of the ways that listed companies ensure that they have the continued support of key stakeholders such as investors in the company is by maintaining regular dividend payments. It is the desire of every investor to realize a return on investment over the investment horizon. This is why during its 78th meeting held on 29 March 2018, the ZCCM-IH Board amended the Company Dividend Policy.
“The ZCCM-IH Policy now states that the Company may pay a minimum of 35% of the unconsolidated Net Profit after Tax (NPAT) for any financial year in which a positive unconsolidated NPAT was recorded”, read a statement in their new 2020 to 2026 strategic document.
Over the past two years of implementing its 2018-2023 strategic plan, ZCCM IH made some notable achievements which included consistent dividend pay-outs to shareholders. Since the 2015 financial year, the group has paid approximately K537 million to shareholders as dividends. Except for 2016, investors were paid a dividend every year as shown in the table below.
Source: ZCCM IH Strategic Plan
Astute investors who have read the new strategic plan will notice that ZCCM IH has also included a strategy towards capital gains. They intend to generate greater shareholder value by ensuring price discovery on our stock exchange listings.
According to Investopedia, “Price discovery is the overall process, whether explicit or inferred, of setting the spot price or the proper price of an asset, security, commodity, or currency. The process of price discovery looks at a number of tangible and intangible factors, including supply and demand, investor risk attitudes, and the overall economic and geopolitical environment.”
Market development being one of the key factors that influences price discovery, ZCCM IH will be turning to its listings on the London Stock Exchange and Euronext to achieve this. These are more mature stock exchanges compared to the developing Lusaka Stock Exchange. They will look intently at ZCCM IH’s projections to invest circa USD2.69 billion in the selected sectors in the Strategic Plan period. An investment hypothesis viewing the investment horizon through such as lens will note that it is highly probable for a consistent dividend to be maintained.
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.
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.
Certain matters remain outstanding and will be addressed by the tribunal in the Final Award.
Therefore, shareholders are advised that the matter is still on-going and may still have a material effect on the price of the Company’s securities. Shareholders will be updated as the case progresses.
Accordingly, shareholders of ZCCM-IH are advised to exercise caution when dealing in securities of the Company until further information is published.
By Order of the Board
Chabby Chabala
Company Secretary
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:
i) Acquire exploration licences and carry out mineral exploration with a focus on gold (either directly or in partnership with other entities)
ii) Develop and operate mines for gold and other precious minerals
iii) Refining, grading, producing, cutting and processing of gold and other precious minerals
iv) Buying and selling of gold and other minerals
v) Support artisanal mining operations and transforming these into commercially viable activities
vi) 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:
Investments Manager X 1 Location: Lusaka Department: Investments and Markets Report to: Head Investments and Markets
Job Purpose
To lead the business development team within ZGCL, as well as having overall responsibility for business growth, developing stakeholder’s awareness of ZGCL’s products and services and identifying new business partners.
Main duties
a. Grows new markets for ZGCL as well as continued expansion of the existing ones
b. Executes expansion techniques and meets fiscal targets that will help ZGCL to grow and become successful in achieving its mandated objective.
c. Acquires an extensive comprehension of present and anticipated market trends and developments, focusing on the key factors that impact the price of gold, other precious metals and base metals on the global market.
d. Develops strategic ideas or proposals to make ZGCL successful and increase revenue and optimise overall commercial and social returns for the company’s stakeholders.
e. Identifies resources required and opportunities to expand product usage and develops strategies for achieving accelerated growth in business.
f. Networks with prospective investors to identify the relevant value propositions and potential areas of synergy consequential to onboarding the prospective investors or strategic partners.
g. Actively monitors and evaluates the performance of the company’s product, active projects and asset portfolio (including, but not limited to, mining tenements, associates and subsidiaries) and recommends the relevant course action to be taken where applicable.
h. Undertakes research studies that indicate both tailwinds and headwinds/challenges faced by the industry at present and in the future and illustrates knowledge of the operational attention to detail that will be required to succeed within the industry.
i. Develops investment grade project proposals across the mineral value chain (from exploration to mining to processing to marketing and trading) in order to realise feasible and viable investment proposals.
j. Makes the appropriate and cost-effective commercial and financial or investment banking deals.
k. Drafts, negotiates and closes on all key commercial terms for all brokered deals.
l. Develop strategies and structures to effectively optimise the participation of artisanal and small-scale miners (ASMs).
m. Formulation and review of investment guidelines, policies and procedures for monitoring and evaluation of existing projects and investments as well as the identification and onboarding of new projects and investment opportunities.
Qualifications and experience a) Professional Qualifications Full Grade 12 Certificate;
Bachelor’s Degree (or its equivalent) in Investments, Finance, Banking, Mining Economics or related fields.
A Masters Degree or Professional Qualification (e.g. CFA, CIMA, FRM, ACCA) is an added advantage
b) Minimum Relevant Pre-Job Experience:
8 years work experience in financial analysis, corporate finance, investment banking and related fields.
c) Skill Specifications:
Negotiation skills
Communication skills
Computer skills
d) Other Attributes (Personality Traits)
Persuasive and Pleasant
e) Valid Driver’ s license
Investments Analyst X 1
Location: Lusaka Department: Investments and Markets Report to: Investments Manager
Job Purpose To ensure the competitiveness of Zambia Gold Company Limited by devising strategies and investment plans and prevailing conditions in the gold mining and financial sector industry, to ensure that the Company remains a leader within its defined sector.
Main duties a) Continuously collects and interprets data, such as company financial statements, price developments, currency adjustments, and yield fluctuations as it relates to gold mining
b) Perform financial due diligence, analysis and other actions as outlined with the company’s investment policies, processes and procedures on prospective projects and recommend an investment decision to the Investments Manager.
c) Actively participate in any feasibility study exercises in relation to developing a greenfield mining opportunity exercise or mineral processing infrastructure projects.
d) Conducting market research on the gold mining and value chain industry and gather market intelligence to enhance management of various gold projects.
e) Write research reports that will form a key input to business proposals.
f) Creating financial and commercial structures that enhance return on investment of projects and financial planning.
g) Analysing company accounts and financial projections and advise the company on how to best position its investments
h) Maintain up-to-date information on the latest economic trend in the country, latest and any updates in the financial markets as it impacts on gold mining industry
i) Provide updates on financial market activities to assess and correctly position the company in the local and the global market.
j) Closely monitor performance of the company’s product existing and asset portfolio and assess any key (upside or downside) risks thereto.
k) Provide advice to the Investments Manager on all investment compliance regulations
l) Draft initial business proposals for presentation to the Investments Manager
m) Monitor the financial news using specialist media sources
n) Assist in implementing of company strategic plan to enhance Investment and Trade.
o) Continuous liaison and interaction with artisanal and small-scale miners (ASMs) to identify key gaps and areas in which ZGC can provide technical assistance.
p) Tracks all rights and obligations of existing business and financial relationships or agreements to which ZGC is party to ensure that there are no lapses at any given time that could negatively impact company value.
Qualifications and experience a. Professional Qualifications
Full Grade 12 Certificate
Bachelor’s Degree Economics, Commerce, Finance, Business Administration or its equivalent. Master Degree and or Chartered Financial Analyst (CFA) level 1 in a relevant field will be an added advantage.
b. Minimum Relevant Pre-Job Experience:
4 years experience in a similar position.
c. Skill Specifications:
Negotiation skills
Communication skills
Computer skills
d) Other Attributes (Personality Traits)
Persuasive and Pleasant
e) Valid Driver’ s license
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, 5th March, 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
The deal value of mining industry M&A in 2020 declined by almost one-third year over year — mostly due to the pandemic’s disruption of normal activity in the first half — including a 17-year low in the number of base metals deals. A second factor was the lack of very large deals at the top of the industry, with resulting asset divestitures, as there were in the previous two years with the Barrick-Randgold and Newmont-Goldcorp mergers.
M&A activity bounced back in the second half, however, particularly for gold amid record prices. Strong gold prices should sustain M&A again in 2021, while the ongoing global economic recovery should support deal activity among industrial metals such as copper, nickel and zinc.
A list of qualifying 2020 transactions can be found here.
There were 61 deals for projects and companies with primary metal in resources in 2020, with a total deal value of $16.70 billion. The number of deals was a slight uptick from 59 in 2019, while the deal value was around one-third less year over year, as was the average deal value of $273.7 million.
In 2019, Newmont Mining’s takeover of Goldcorp, the closing in January of Barrick Gold’s 2018 agreement to acquire Randgold Resources, plus high-value asset spinoffs from both deals throughout the year, accounted for $12.69 billion, or just over half, of the 2019 total for all deals. With no such high-end deals, the 2020 total was 44% higher than 2019 would have been without those two large deals. Along with its increase in the number of transactions, 2020 could therefore be seen to reflect an improvement in broad-based deal activity year over year, driven by gold, despite the pandemic’s impact.
(Throughout this report, acquisition assets are categorized by primary metal. We do not split the acquisition cost for projects that contain more than one metal. Terminated, nonequity deals like royalty and streaming, and “earn-in” transactions are not included in the analysis, and deal status is as of the time the data was compiled.)
The main reason for the resiliency in mining acquisitions was the significant increase in the price of gold as a haven in challenging times, driving the number of gold-focused transactions to 50 from 39 in 2019. The increase in gold deals more than offset a near-halving of the number of base metals (copper, nickel and zinc) deals to 11 from 21 in 2019 — the smallest number of base metals deals with resources and a deal value of at least $10 million since 2003.
The sudden and rapid onset of the pandemic early in the year made mining M&A a story of two halves. While there were almost the same number of deals in each half, the second-half deal value of $12.06 billion was 2.6 times the first-half value of $4.64 billion. The rise in gold prices was predictable in a time of great uncertainty; however, as we also predicted in March 2020, after first-half fears of low industrial demand, there was a relatively quick recovery by prices for all three base metals in the second half, especially copper. This resulted in a second-half base metals deal value of $3.11 billion — almost five times the first-half value of only $666 million.
Largest transactions in 2020
There were four deals with at least $1 billion deal value in 2020, as there were in 2019, three gold and one copper; seven deals over $500 million, four gold and three copper; and 13 deals over $200 million. The largest was ASX-listed Northern Star Resources Ltd.’s pending acquisition of Saracen Mineral Holdings Ltd. through a “merger of equals” transaction, announced in October. Northern Star agreed to exchange 0.3763 of a share for each Saracen share, for a total value of $4.50 billion as of the announcement date, to acquire Saracen and its three producing mines: Kalgoorlie, South Laverton-Carosue Dam and Thunderbox, all in Western Australia. The deal’s rationale is consolidation of Kalgoorlie, which is currently owned 50/50 by the two companies.
The second largest was Netherlands-based private company Nova Resources BV’s pending acquisition of the remaining 60.61% of London-listed KAZ Minerals PLC for $2.48 billion in cash. Nova is owned by KAZ Chair Oleg Novachuk and Vladimir Kim, a nonexecutive KAZ director. The deal rationale is based on a determination that the increasing risk inherent in the development of the 75%-owned Baimskaya copper project (Aristus Holdings Ltd. 25% carried) in Kazakhstan justifies taking the company private. KAZ shareholders are receiving a 24.9% premium on their shares as of closing on the day prior to the announcement.
U.K.-based Endeavour Mining Corp.’s pending takeover of Canada-based Teranga Gold Corp. was the year’s third-largest deal, with the all-share transaction valued at $1.94 billion. The merger will result in one of the world’s largest gold producers exclusively focused on West Africa, including a large footprint in Burkina Faso with the addition of Wahgnion to Endeavour’s current four mines in the country, and adding Senegal, which hosts Teranga’s Sabodala mine. Metals and Mining recently published an analysis of the transaction.
The fourth deal with a value over $1 billion was Canada-based SSR Mining Inc.’s completed acquisition of U.S.-based Alacer Gold Corp. in an all-share, zero-premium “merger of equals” transaction that valued Alacer at $1.85 billion on the announcement date and $2.19 billion on closing. The merged company is based in Denver. Alacer owned an 80% interest in the large, expansion-stage Copler gold mine (Lidya Madencilik San. ve Tic. AS 20%) in Turkey, which began production in 2011 and has an estimated 32-year mine life.
Mining deal activity to improve in 2021, driven by positive indicators
There were 10 qualifying deals in January, six for gold and two each for copper and nickel, with deal value totaling $2.04 billion. In the two largest deals, Switzerland-based Glencore PLC agreed to divest its 73.1% interest in Mopani Copper Mines PLC to Zambian government company ZCCM Investments Holdings PLC. Mopani (First Quantum Minerals Ltd. 16.9%, ZCCM 10%) owns the Nkana and Mufulira copper-cobalt mines. ZCCM is paying Glencore a nominal $1, and Mopani will repay $1.5 billion of debt to Glencore’s creditors from mining revenues over the three years following completion, which is expected to occur within three months.
In the second deal, Toronto-based Agnico Eagle Mines Ltd. completed its acquisition of Toronto-based, Nunavut, Canada-focused TMAC Resources Inc. in an all-cash deal valued at $226.8 million as of the Jan. 5 announcement. TMAC agreed to the takeover after the Canadian government rejected a bid for the company by China-based Shandong Gold Mining Co. Ltd. on security grounds, given the location of TMAC’s Hope Bay gold mine near Canada’s sensitive Arctic region. Agnico’s offer represented a 26% increase over Shandong’s offer and a 66% premium to TMAC’s 20-day volume-weighted average price as of the day before the announcement. Metals and Mining recently published an analysis of the deal.
Gold prices have cooled slightly in early 2021 but remain high, as do copper and nickel prices. Zinc has also slipped somewhat, but it was from a 20-month average monthly high as of December 2020. The U.S. is anticipating a calmer political atmosphere with the new Biden administration, along with significant, promised infrastructure investment. The combination of strong industrial metals prices, a cooler political atmosphere and signs of increasing demand for industrial metals as the major economies invest in post-pandemic economic recovery suggests that 2021 is shaping up to be a healthy year for mining industry acquisitions — of both producing mines and development-stage projects.
First Quantum Minerals FM.TO sees no risk of nationalization in Zambia following the sale last month of Mopani Copper Mines to the country’s mining investment arm ZCCM-IH, the Canadian miner’s chief operating officer, Tristan Pascall, said on Wednesday.
“We don’t see any contagion or any element or risk in that more broadly in Zambia,” he said on a call.
Zambia became Africa’s first pandemic-era sovereign default in November, but ZCCM-IH in January agreed to take on $1.5 billion in debt for Glencore’s GLEN.L Mopani stake, making it the sole owner of the mine.
ZCCM-IH ZCCM.LZ has said it expects to find a new investor for Mopani by the end of the year as it looks to boost copper output from a little more than 34,000 tonnes to 150,000 tonnes.
First Quantum, which previously held 16.9% of Mopani, operates the Kansanshi and Sentinel mines in the country.
The miner aims to resolve talks with the Zambian government over expansion of the smelter at Kansanshi before August elections, Pascall said. First Quantum wants a deal that allows it to deduct royalties from costs, he said.
He said efforts to sell minority stakes in the Zambia mines continue, but the company has to take rising copper prices into account.
“That’s the challenge for copper producers looking to embark in M&A,” he said.
After two years of executing a 5-year strategic plan, ZCCM IH’s board has made the bold decision to change its strategic course towards a more impactful undertaking that will see the investment group focus on mining, according to the Board Chairperson in his message to shareholders.
“Two years into our 2018-2023 Strategic Plan we have undertaken further strategic introspection which culminated into a strategic revision process. This led to the development of a new strategic plan as it became imperative that the change in strategic focus required a complete overhaul of the 2018-2023 strategic plan”, read an extract from Chairman Eric Silwamba from the new Strategic Plan which was recently released in January 2021. “This was necessitated by the changing business environment that calls for us to remain impactful, maximize shareholder value and drive growth largely in the mining industry in which we are deeply associated as an entity”.
According to CEO Mabvuto Chipata, “this new strategic plan (the”2020-2026 Strategic Plan” or the “Strategic Plan”) has been motivated by the need for ZCCM-IH to re-focus its investments in mining and the mining value chain”.
It is this strategic intent that led to the acquisition of a majority stake and retain ownership of Mopani Copper Mines in which the investment group had until recently been a minority shareholder. This is in line with the executive summary of the strategic report that states “focus for ZCCM-IH in this new strategic plan is directed to mining and mining-related investments, and emphasises the need for ZCCM-IH to drive the development and growth of the mining sector in Zambia”.
Much as it normally pays to have a small chunk of a larger cake than a large chunk of small one, ZCCM IH is also positioning itself to address the inequities that come with being a minority shareholder. The Achilles heel of being a minority shareholder resulted in the investment group having limited ability to influence operational and strategic direction for investees. What this means is that representation in these companies is not impactful as it does not constitute a sizable vote when it comes to decisions being made that influence return on investment. In short, Board representatives can make statements, but majority rule dictates the level of anxiety for pursing shareholder interests. Therefore, the remedy to this is majority or significant minority shareholding.
INTRODUCTION ZCCM Investments Holdings Plc is an investment holding company that has a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. The Company has the majority of its investments held in the copper mining sector of Zambia. ZCCM-IH’s majority shareholders are the Industrial Development Corporation (IDC) with 60.3%, Government of the Republic of Zambia (GRZ) with 17.3% shareholding, National Pensions Scheme Authority (NAPSA) with 15%, and other shareholders with 7.4%.
BACKGROUND
The property being considered for Management consists of 12 fully furnished double-story villas, a gym, laundry house, twelve private swimming pools (for each villa), and a guardhouse. The property is currently tenanted on one to three-year leases by individuals and institutions. The land where the property is built is held under a leasehold for unexpired residue of 99 years in favor of ZCCM-IH Plc.
OBJECTIVE OF THE ASSIGNMENT
The objective of this assignment is to procure the services of an agency/company for the provision of property management services and sourcing of tenants at ZCCM-IH’s Village Villas, Roma Park property. The basic property management services include; recurring maintenance activities such as electrical works, plumbing, mechanical and construction maintenance, and tenant requests and inquiries.
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Tenant sourcing for vacant apartment spaces will also serve as part of the objective. The agency will be given three (3) months from the point of vacancy to source and place a new tenant in the available units before it is placed on the open market for other real estate agencies to fulfill. ZCCM-IH will still retain the right to approve or reject any potential tenant application submitted to them by the agency as well as retaining the right to source its own tenants for available units.
SCOPE OF WORKS
The scope of works shall include:
i. To ensure that an appropriate lease agreement is put in place between the Landlord and Tenants, including payment account details and dates;
ii. To ensure that all tenants comply with all the terms of tenancy as set out in the lease agreement including, and especially, rental payment;
iii. To ensure that the property is kept and remains in a tenantable condition throughout the duration of the lease. This will be accomplished by regularly inspecting the property and ensuring that tenants do not do anything that leads to the deterioration in the condition of the property;
iv. To initiate and supervise routine and ad hoc maintenance;
v. To ensure security is maintained by the security providers;
vi. To advise the landlord about any changes that may be required to improve the performance of the property;
vii. To perform any other duties that may be required from time to time in ensuring the proper management of the property;
viii. To implement maid, horticulture, solid waste, and swimming pool services;
ix. To ensure that voids are kept to a minimum or eliminated altogether
x. To ensure and reconcile rentals remitted to ZCCM-IH Account by tenants;
xi. To ensure monthly reports are submitted to the ZCCM-IH Property Manager;
xii. To source and procure new tenants to fulfill apartment vacancies on short or long term leases (subject to the application approval of ZCCM-IH).
ZCCM-IH now wishes to engage a Property Manager for the provision of property Management Services and sourcing of tenants at ZCCM-IH’s Village
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Villas, Roma Park property. The basic property management services include recurring maintenance activities such as electrical works, plumbing, mechanical and construction maintenance, and tenant requests and inquiries. ZCCM Investments Holdings now invites eligible firms to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.).
Interested firms may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.
The ZCCM-IH Property Manager will be selected using Quality Cost Based Selection (QCBS) method. Interested consultants must submit interested firms must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday 24th February 2021 at or before 10:00hrs local time.
Procurement Manager
ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P.O. Box 30048 Lusaka.
Email: kabwek@zccmnew.wpenginepowered.com
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.
The Company invites applications from suitably qualified and experienced individuals who are innovative, energetic, and performance-driven to fill the following temporal position:
Procurement Officer X 1 Location: Lusaka Department: Procurement Report to: Project Manager Duration: 6 months
Job Purpose To effectively assist in undertaking and managing the procurement of goods/services/works in order to ensure their timely provision; undertake contract management; ensure smooth operations; and compliance with the Public Procurement Act, 2008 and its Regulations.
Duties i. Assist to develop and implement the procurement plan to ensure all requirements for all user departments/directorates are captured in a timely and holistic manner.
ii. To provide support towards Continuously training (on the job) implementers in the preparation of terms of reference, specifications, and proactive follow-up of these inputs in the bidding processes;
iii. Prepare bidding documents based on acceptable bidding standards;
iv. Ensure all prior review requirements such as obtaining the No Objections from ZPPA are compiled within a timely manner;
v. Ensure that all the due tendering processes are adhered to: sufficient publications, strict adherence to deadlines, transparency in communications with bidders, the publication of bid results, etc.;
vi. Ensure acceptable record-keeping in procurement with at least a complete procurement file for each procurement from start to contract finalization.
vii. Maintain all procurement records in a form appropriate for regular auditing and spot checks by relevant checkers;
viii. Assist in the contracting process, including ensuring that Evaluation Committees have people with appropriate expertise;
ix. Assist to monitor implementation of contracts: progress report status on a weekly and monthly basis; and intervene to address problem upon request by the Project Manager;
x. Ensure that goods and services financed have been procured in accordance with the Zambia Public Procurement Act;
xi. Prepare quarterly reports of progress with implementation of the Procurement Plan, and regularly inform the Project Manager of challenges and make proposals to overcome bottlenecks;
xii. Ensure that all procured goods are receipted and maintained using the approved store documentation.
Qualifications and experience i. Full Grade 12 Certificate / 5 ‘O’ Levels.
ii. Graduate Diploma in Purchasing and Supply (CIPS) Level or Degree in Purchasing and Supply.
iii. Four years’ experience in a high demanding busy industry.
iv. Member of the Zambia Institute of Purchasing and Supply (ZIPS)
v. Communication Skills:
vi. Written Skills – Able to write comprehensive reports
vii. Oral Skills – Able to communicate effectively in English
viii. Other Skills/Attributes – Computer literate, effective negotiation skills
Zambia Gold Company Limited provides equal employment opportunities to all Zambians on merit without discrimination on the basis of age, gender, color, 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 a copy of the NRC should reach the undersigned not later than Wednesday, 17th February 2021.
Only shortlisted candidates will be contacted.
Head – Human Resources and Administration Zambia Gold Company Limited Subdivision F/377a/30/B Kudu Road, Kabulonga LUSAKA
Our vision for the next six years is to transform ZCCM-IH into a competitive world-class mining investment holding company that takes into account the interests of Zambians and all stakeholders. The focus for ZCCM-IH in this new strategic plan is directed to mining and mining-related investments and emphasizes the need for ZCCM-IH to drive the development and growth of the mining sector in Zambia.
This new strategic plan continues to reinforce our collective values to operate in a business environment where innovation is cultivated and ensures that our systems and resources are strong enough to be a much bigger player in mining investment. We have revised our Vision to challenge ourselves to excel in ensuring high-quality investments (with a significant socio-economic impact. Over the past two years of implementing our 2018-2023 strategic plan, we made some notable achievements which include the following:
1. Consistent dividend pay-outs to shareholders;
2. Portfolio Return above the set benchmark;
3. Increased shareholding in CEC Plc;
4. Diversified into Manganese exploration and mining through Kabundi Resources Ltd;
5. Increased to 100% shareholding in Kariba Minerals Limited;
6. Recapitalisation of Investrust Bank Plc through the injection of ZMW286 million as Tier 1 Capital;
7. Began implementation of the mandate to develop the gold sub-sector in the country;
8. Commenced discussions with our partners in the mining companies for the introduction of a more reliable and predictable revenue stream in form of royalties, metal streams, and management fees; and,
9. Implementation of a new performance management system.
ZAMBIA GOLD COMPANY LIMITED
“Two years into our 2018-2023 Strategic Plan we have undertaken further strategic introspection which culminated into a strategic revision process. This led to the development of a new strategic plan as it became imperative that the change in strategic focus required a complete overhaul of the 2018-2023 strategic plan”, read an extract from Chairman Eric Silwamba from the new Strategic Plan which was recently released in January 2021. “This was necessitated by the changing business environment that calls for us to remain impactful, maximize shareholder value and drive growth largely in the mining industry in which we are deeply associated as an entity”.