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Annual Report Summaries, Investee Companies

CNMC Luanshya Copper Mines Plc (CLM) Extract from 2023 Annual Report

The principal activity of the Company continued to be the mining of copper and exploration for other base and precious metals.  

As at 31st December 2023, CLM recorded revenue of ZMW8.5 billion (US$414.51 million) (2022: ZMW7.95 billion (US$467.47 million). The drop in year-on-year revenue was attributable to a reduction in copper production due to the loss of ore from Baluba underground mine which was decommissioned in December 2022. During the period under review, CLM produced a total of 48,904 tonnes of copper compared to copper output of 53,952 tonnes produced in 2022.  

Key developments:  

CNMC Luanshya Copper Mines (LCM) is set to revitalize the old Luanshya Mine with a $500 million investment, aiming to create over 3,000 jobs and annually produce 40,000 tonnes of copper concentrate. This initiative comes after the mine was dormant for 22 years due to waterlogging issues. The feasibility study for reopening the mine is underway, with dewatering scheduled to start in April 2024 following the rainy season.  

For the year ended 31st December 2023, the Company recorded a profit of ZMW2.93 billion (US$142.71 million) (2022: ZMW1.68 billion (US$98.71 million). Despite a drop in copper production, strong copper price and cost reduction initiatives led to the increase in profitability in 2023.  

Due to this improved performance and positive equity position, the Company declared dividends of US$30 million with US$6 million paid to ZCCM-IH (2022: US$70 million was declared). 
Annual Report Summaries, Investee Companies

Kariba Minerals Limited (KML) Extract from 2023 Annual Report

Kariba Minerals Ltd, a subsidiary of ZCCM Investments Holdings (ZCCM-IH), is renowned for producing some of the world’s quality amethyst, a semi-precious gemstone. The company primarily exports to China and India among others and during the year under review, KML produced a total of 1,392.52 tonnes of amethyst which comprised of 374.12 tonnes medium and high grade, and 1,018.40 tonnes commercial grade (2022: 1,503.58 tonnes – 327 tonnes medium and high grade, and 1,175.76 tonnes commercial grade.)  

For the year ended 31st December 2023, Kariba Minerals Limited (KML) reported total revenues of ZMW29.87 million (2022: ZMW23.04 million) with a net profit of ZMW0.55 million (2022: net loss of ZMW5.19 million).  

The ZCCM-IH Board approved funding amounting of US$4.077 million for the execution of the Kariba Minerals Limited’s Turnaround Plan. This funding aims to improve the company’s production capabilities, fostering market development and expansion, strengthening the balance sheet, enhancing operational efficiency, and improving its overall financial performance going forward. The overarching objective is to transform the company from loss making to profit making.  

There were no dividends declared during the year (2022: Nil).
Available Jobs, Investee Companies, ZCCM-IH

Job Advertisement: Multiple Employment Opportunities at Kabundi Resources Limited (”KRL”)

Kabundi Resources Limited (KRL), is a wholly owned subsidiary of ZCCM Investments Holdings Plc, managing the manganese license that ZCCM holds in Serenje District, Central Province of Zambia.  
The Company invites applications from suitably qualified and experienced persons who are innovative, energetic and performance driven to fill the position listed Below: 

  1. Shift Boss x 2
  2. Equipment Operators x 5
  3. Artisan Fitters x 2
  4. Weighbridge Operator x 1
  5. Store Officer x 1
  6. Mine Spotters x 2
  7. Maintenance Assistant x 1
  8. Cook x 1

 

*Please Note that the Duty Station is KRL Mine, Serenje 

Applications CLEARLY MARKED WITH THE POSITION TITLE, together with copies of certificates and detailed curriculum vitae should be addressed to: 

 

Human Resource Officer 
Kabundi Resources Limited 
and forwarded to Jobs@krl.com.zm 

The Application should reach the undersigned not later than 15th August 2023 

Only successful candidates will be responded to.

Please refer to the links below for detailed information about the positions

 

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JOB DESCRIPTION – Stores Officer - Job Description 3 244.78 KB 444 downloads

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JOB DESCRIPTION – Mobile Equipment Operator - Job Description 3 164.10 KB 243 downloads

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JOB DESCRIPTION – Maintenance Assistant - Job Description 2 170.35 KB 294 downloads

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JOB DESCRIPTION – Artisan Fitter - Job Description 3 205.92 KB 205 downloads

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JOB DESCRIPTION – Weigh Bridge Operator - Job Description 3 176.23 KB 221 downloads

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JOB DESCRIPTION – Shift Boss - Job Description 3 360.58 KB 319 downloads

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JOB DESCRIPTION – Mine Spotter - Job Description 3 344.72 KB 227 downloads

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JOB DESCRIPTION – General Worker - Job Description 3 345.00 KB 304 downloads

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Available Jobs, Investee Companies, ZCCM-IH

Job Advertisement: Chief Executive Officer (Limestone Resources Limited) – EXTENDED ADVERTISEMENT

Limestone Resources Limited wishes to invite applications from suitably qualified and experienced persons who are ambitious, innovative, energetic and performance-driven to fill the vacancy of Chief Executive Officer.

About Limestone Resources Limited.

Limestone Resources Limited (LRL) is one of the major producers and suppliers of Quicklime, Hydrated lime, and Limestone aggregates within the country and to the regional markets. LRL is wholly owned by ZCCM Investments Holdings Plc (ZCCM-IH). The majority shares of ZCCM-IH are held by the Industrial Development Corporation (IDC) which is wholly owned by the Government of the Republic of Zambia (GRZ).
LRL production facilities include a Quarry, fixed and mobile Crushing Plants, two (02) Vertical Kilns (Old and New), a Rotary Kiln, New Hydrating Plant, Coal/Quicklime Milling Plant, a Packaging and Bagging plant with associated support infrastructure.
The plant is 12km road distance from the Ndola Central Business District, and 7km road connection to the Great North Road at ZESCO Skyways Substation.

 

The Position

The company is seeking a vision-driven, strategic and seasoned corporate leader to become Chief Executive Officer (CEO). The CEO will advance and build on the vision, mission, and commercial development of Limestone Resources Limited and ensure that all business operations are in line with the Company’s strategic plan. The CEO reports directly to the Board of Limestone Resources Limited and will be responsible for leading the Executive Team to drive Company growth and generate sustainable shareholder value and returns. The Chief Executive Office is responsible for providing strategic leadership and vision to the Company by working with the Board of Directors and the Management Team to establish, implement and over-see the goals, strategies, plans and policies of the Company, subject to the direction and oversight of the Board of Directors.

The Chief Executive Officer should have a balanced combination of an understanding of mining, people management and commercial management experience. The ideal candidate will bring clear commercial and strategic focus to the Company.

 

Application Process

Applications clearly marked ‘CHIEF EXECUTIVE OFFICER’ together with copies of certificates and a detailed curriculum vitae should reach the undersigned not later than Wednesday 2nd August 2023.

 

Physical

Chief Human Resource & Administration Officer
ZCCM-IH Plc
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P O Box 30048
LUSAKA

Electronic

Visit the ZCCM-IH Careers page for this job advertisement at http://zccm-ih.com.zm/careers
Alternatively, forward your application to jobs@zccmnew.wpenginepowered.com

 

Only successful candidates will be responded to.

Please refer to the links below for detailed information about the positions

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JOB DESCRIPTION – CHIEF EXECUTIVE OFFICER 213.20 KB 1199 downloads

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Available Jobs, ZCCM-IH

Job Advertisement: Geological Information Systems (GIS) Officer & Assistant Business Development Analyst

 

EMPLOYMENT OPPORTUNITY 

ZCCM Investments Holdings PLC is an investments holdings company with diversified interests in mining, energy, and other sectors of the Zambian economy.  The Company’s majority shareholder is the Industrial Development Corporation Ltd (IDC), an investment company wholly owned by the Zambian Government and the rest of the shareholders are institutional and private shareholders spread across the world.

The mission of the Company is “To create tangible wealth sustainably for the benefit of the Zambia people and all our stakeholders”.

 

The Company invites applications from suitably qualified and experienced persons who are innovative, energetic and performance driven to fill the following vacancies:

 

Table: Vacancies                                                           

JOB TITLE  DIRECTORATE  /  DEPARTMENT  GRADE  NO. REQUIRED SERVICE TYPE    STATION
Assistant Business Development Analyst Investments ZH5 1 Permanent & Pensionable Lusaka
Geological Information Systems (GIS) Officer Technical ZH5 1 Permanent & Pensionable Kalulushi 

                                      

Application clearly marked ‘ASSISTANT BUSINESS DEVELOPMENT ANALYST ‘OR GIS OFFICER together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than Monday 7th August 2023.

 

Women are strongly encouraged to apply. 

Only shortlisted candidates will be communicated to.

 

Physical

Chief Human Resource & Administration Officer  

ZCCM Investments Holdings Plc

ZCCM IH Office Park, Alick Nkhata Road

P O Box 30040

Lusaka

 

Electronic

Visit the ZCCM-IH Career page for this job advertisement at http://www.zccmih.com.zm/careers

Alternatively, forward your applications to: jobs@zccmnew.wpenginepowered.com

 

Please refer to the links below for detailed information about the positions 

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JOB DESCRIPTION – ASSISTANT BUSINESS DEVELOPMENT ANALYST 0.00 KB 622 downloads

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JOB DESCRIPTION – GEOLOGICAL INFORMATION SYSTEMS (GIS) OFFICER 0.00 KB 334 downloads

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Industry News, Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

Kobold Metals Strategic Investment In Zambia Paves Way for Sustainable Critical Mineral Supply Chains

In a significant move towards building transparent, secure, and sustainable critical-mineral supply chains, KoBold Metals has emerged as a key player in catalyzing investments in strategic projects.

The United States Ambassador to Zambia, His Excellency Michael Gonzales, commended KoBold’s efforts and emphasized the pivotal role such initiatives play in driving the energy transition and fostering a sustainable, climate-smart economy for the 21st century.

With a commitment to leveraging the world’s best artificial intelligence and human intelligence, KoBold President Josh Goldman expressed enthusiasm about the company’s ability to accelerate progress in critical-mineral exploration and extraction.

Read full article

Source: Mines.Org
ZCCM-IH, ZCCM-IH News

Chamber Of Mines Welcome KCM, MOPANI Investment Roadmap

Zanis

The Zambia Chamber of Mines has welcomed developments regarding investment roadmaps for Konkola Copper Mines and Mopani Copper Mines announced by Government.

Chamber of Mines Chief Executive Officer SOKWANI CHILEMBO says any breakthrough regarding the protracted process is a positive development.

Speaking in a telephone interview with ZANIS, Mr. CHILEMBO expressed hope that issues of securing investors for the two mines will move quickly.

Last week, Minister of Finance and National Planning SITUMBEKO MUSOKOTWANE announced that Government will soon decide an investor to take over from Mopani Copper Mines.

 

Read full article

source:ZNBC
Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

Mingomba Mining Project Excites State House

ZNBC Staffer

Special Assistant to the President for Economic and Development Affairs JITO KAYUMBA says government is very excited with the $150m investment towards the development of Mingomba mining in Chililabombwe district.

Mr. KAYUMBA says government is ready to formulate and ensure policy consistency especially in the Mining sector for sustainable investment and production.

And Mr. KAYUMBÀ adds that the debt restructuring deal has created a pathway for improved investor confidence not only in the mines but other subdivisions as well.

Speaking during a visit to KoBold Metal’s Mingomba exploration site this morning, Mr. KAYUMBÀ said government believes that Copperbelt mining will soon have life and contribute to government aspirations of increasing copper production to 3-million tonnes in the next ten years.

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Source: ZNBC
Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

Ambassador Michael Gonzales Remarks During his visit to Kobolds Mingomba Mine

Thank you all for having me and thank you to our hosts KoBold Metals for inviting us here today.  I’d also like to thank Presidential Special Assistant Jito Kayumba for joining us here today.

Six months after the conclusion of the U.S.-Africa Leaders’ Summit in December 2022, my first visit to KoBold’s Mingomba project is a reminder that the United States—not only the U.S. government, but the American private sector—is delivering on our commitments, our commitments to the people of Zambia.

During the Summit, President Biden announced that the U.S. government plans to invest $55 billion over the next three years across the African continent.  The Summit demonstrated our renewed commitment to partnerships between the United States and Africa: between countries, between institutions, and among our people.  We remain focused not on what we will do for Zambia as a donor, but what we will do with Zambia as a partner invested in Zambia’s success.  Because, we are investing in Zambia as we deepen and expand our partnership.

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Source: US Embassy Zambia