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Industry News, ZCCM-IH News

Zambia in Top 10 mining countries of the world

The mining industry is a key player in the global economy, providing essential raw materials that fuel various industries and contribute to economic growth. From precious metals to fossil fuels, minerals extracted from the earth’s crust are integral to manufacturing, construction, energy production, and technological advancements. In this article, we delve into the top 20 mining countries in the world, exploring their mineral wealth, production capabilities, and the significant role they play in shaping the global mining landscape.

Mining has been an essential human activity for centuries, driving exploration and extraction in pursuit of valuable resources. Today, mining operations span across continents, with countries harnessing their geological advantages to access and utilize mineral reserves. These resources serve as the backbone of industrial development, enabling nations to meet domestic demands, stimulate exports, and foster economic prosperity.

 

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Source: Insider Monkey
Annual Report Summaries, Investee Companies

NFC Africa Mining Plc (NFCA) Extract from 2023 Annual Report

For the year ended 31 December 2023, NFCA reported revenue of ZMW12.8 billion (US$619.82 million), (2022: ZMW9.9 billion (US$548.46 million)). The drop in year-on-year revenues were attributable to lower-than-expected production during the year due to a suspension of operations that occurred in November 2023. During the year under review, NFCA produced a total of 68,757 tonnes of copper compared to copper output of 67,626 tonnes produced in 2022.  

During the period under review, the Company recorded a profit of ZMW1.5 billion (US$76 million) (2022: ZMW1.01 billion (US$56.01 million)). Despite a drop in copper production, strong copper price and cost reduction initiatives led to the increase in profitability in 2023.  

The company currently has a high debt burden and the increase in US Dollar denominated lending rates has significantly increased the company’s interest costs.  

There were no dividends paid during the year ended 31 December 2023 (2022: ZMW51.78 (US$3 million)).  
ZCCM-IH, ZCCM-IH News

FQM consolidates its Kansanshi mining operations in readiness for the S3 expansion

First Quantum Minerals will consolidate the Road and Earthworks Division, Mining Divisions and related supporting services currently carried out by First Quantum Mining Operations Limited (FQMO) with the operations at Kansanshi Mining Plc (KMP).

FQMO was the original First Quantum Minerals corporate entity in Zambia which operated the Bwana Mkubwa mine. Following the expansion of the First Quantum operations in Zambia, with both the Kansanshi and Sentinel mines, FQMO evolved to house a wide range of business functions to support these operations including mining, road and earthworks, exploration, corporate services, CSR, community health and other services….

 

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Source: Lusaka Times
Archived Jobs, ZCCM-IH

Job Advertisement: Manager Strategy

 

ZCCM Investments Holding Plc

Incorporated in the Republic of Zambia

VACANCY ANNOUNCEMENT 

 

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 be a transformative company with an investment agenda that benefits all our stakeholders”.    

 

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

 

Table: Vacancy(s) 

JOB TITLE     DIRECTORATE / DEPARTMENT  GRADE  NO. REQUIRED   SERVICE TYPE    STATION
Manager Strategy      Executive Office ZH3 1 Fixed Term Contract   Lusaka 
                 

 

                                                             

                                                                    

Application clearly marked ‘MANAGER STRATEGY together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than Wednesday 21st June 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 – MANAGER STRATEGY 84.34 KB 974 downloads

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Archived Jobs, Investee Companies, ZCCM-IH

Job Advertisement: Internal Audit Manager, Risk Officer

Background

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.

 

Location

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 address for Limestone Resources Limited is at Cleveland Park, plot No. 1523, Depot Road, P.O. Box 70057, Ndola.

 

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

  1. Internal Audit Manager
  2. Risk Officer

Duty Station: Limestone Resources Limited, Copperbelt, Ndola.

Applications clearly marked ‘Internal Audit Manager’ and ‘Risk Officer’ together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than Monday, 12th June 2023

Only successful candidates will be communicated.

Women are strongly encouraged to apply.

 

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://zccm-ih.com.zm/careers

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

ZCCM-IH/HRD/Vacancy Announcements

 

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

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JOB DESCRIPTION - RISK OFFICER 169.53 KB 1732 downloads

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JOB DESCRIPTION - INTERNAL AUDIT MANAGER 181.32 KB 1445 downloads

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Industry News, Investee Company News, ZCCM-IH News

Chibuluma Copper Mine Compensates and Relocates Families Affected by Pollution

Lufwanyama’s Chibuluma copper mine company in Copperbelt Province has compensated 42 families affected by pollution from its tailing dams. Benedict Mulenga, the Manager in charge of social services at Chibuluma mine, confirmed this during a joint inspection of the company’s infrastructure provided for the affected households.

Ms. Mulenga stated that the mining company has spent a total of K8 million on compensating the affected families. Monetary compensation was provided to the victims, and 42 housing units have been constructed for their relocation to a safer place. The housing units, located in Chief Nkana’s area, are at a completion level of 95% and vary in size from one to three bedrooms.

She assured that the relocation of all the families to the new site will take place soon. This action follows a government directive to Chibuluma mine, instructing them to compensate and relocate residents living near the mine’s danger zone. The directive was issued after the discovery that the particles in the dust from the mine’s tailing dams, which have been in existence for over 20 years, pose a health risk and can cause severe respiratory conditions if inhaled.

Lufwanyama District Commissioner Justin Mwalikwa commended Chibuluma mine for adhering to the government’s directive. He expressed satisfaction with the quality of the houses, water, and sanitary facilities that the mine has provided for the victims. Annie Kapandula, the Lufwanyama District Council Chairperson, urged the beneficiaries not to sell their new houses and to protect them diligently. She also assured them that the local authority would make efforts to ensure that all occupants receive title deeds for their new properties.

 

 

Source: Lusaka Times
Annual Report Summaries, Investee Companies

Kansanshi Mining Plc (Kansanshi Extract from 2023 Annual Report

The principal activities of the mine includes mining, prospecting for minerals and processing of ore in Solwezi area of North Western Province. The key notable occurrences in 2023 were:  

 The successful conversion of ZCCM-IH’s dividend right in KMP to a 3.10% Life of Mine Royalty Right. This will ensure that ZCCM-IH’s cashflows are more stable and predictable going forward.  

 KMP implementation of the S3 Expansion project commenced. The S3 Expansion is a significant $1.5 billion investment by First Quantum Minerals aimed at extending the mine’s life into the 2040s, enhancing its production capacity, and generating employment opportunities. It includes expanding the mining pit, upgrading the fleet, and enlarging the processing plant and smelter. This expansion is pivotal for adding value within Zambia and contributes to the nation’s goal of increasing mineral processing locally and aiming to maximize the mine’s output and efficiency, thereby contributing to local economic development and job creation. Completion is anticipated by mid-2025.  

For the year ended 31 December 2023, Kansanshi recorded revenue of ZMW32.30 billion (US$1.57 billion) (2022: ZMW25.98 billion US$1.52 billion). Net profit over the period reduced to ZMW343.83 million (US$16.75 million) from ZMW 2.62 billion (US$153.93 million) in 2022. The geological and hydrological challenges at Kansanshi continued to affect average grades which were at 0.6% in 2023, significantly affecting the amount of copper and gold recovered.  

Royalties received in 2023 were ZMW1,200.19 million (US$56.13 million) and dividends received were ZMW170.74 million (US$9.05 million). 
Annual Report Summaries, Investee Companies

Maamba Collieries Limited (MEL) Extract from 2023 Annual Report

In 2023, significant developments were observed at Maamba Collieries Ltd (MCL), particularly around the Maamba Power Station and its coal mining operations. MCL operates a modern Coal Handling and Processing Plant (CHPP) that facilitates the production of different coal products with consistent quality. Since its privatization in 2010, MCL has made significant improvements in managing coal dumps to mitigate air pollution caused by spontaneous combustion in the overburden dumps. These efforts in environmental management have been recognized through awards from the Zambia Environmental Management Agency (ZEMA) .  

Maamba Collieries Limited (MCL) reported total revenue of ZMW5.00 billion (US$243.69 million) for the year ended 31 December 2023 (2022: ZMW4.75 billion (US$278.68 million)) and had a profit after tax of ZMW2.57 billion (US$125.04 million) (2022: profit of ZMW1.53 billion (US$89.95 million).  

In 2022, ZESCO, Zambia’s state power utility, reached a settlement in international arbitration with Maamba Collieries Ltd to pay $518 million by August 2024 to settle outstanding arrears for power supplied. This settlement follows arbitration in London where both parties agreed on the terms for resolving the debt. According to the agreement, ZESCO will discharge the arrears in tranches by August 2023, after adjusting for a cash discount of $60 million extended by Maamba. The settlement was reached amicably to address overdue power purchase bills while ensuring that monthly payments for power sales from May 2022 are fully paid to Maamba. As at the year ended 31 December 2023 the outstanding debt from ZESCO to Maamba was USD323.18 million (2022:US$539.93 million).  

The Maamba Power Station, fuelled by low-grade coal from MCL’s Maamba mine, plays a crucial role in Zambia’s energy sector. Currently, the station has two operating units, each with a capacity of 150 MW, commissioned in 2016. There is potential for expansion, with plans to add two more units, each also with a capacity of 150 MW, to meet the growing electricity demand in the country. This expansion, projected to cost around US$400 million, would potentially double the station’s output to 600 MW.  

Maamba Collieries has also explored the possibility of increasing the power station’s capacity to 600 MW to support Zambia’s ambition to become an electricity hub in the region. A technical feasibility study for the expansion was completed, and MCL is seeking third party funding for the project. These developments indicate MCL’s commitment to enhancing energy production capabilities in Zambia, contributing significantly to the national grid and supporting sustainable energy security in the region.  

During the year, Maamba undertook semi-annual maintenance on unit 1 of the 150 MW thermal power units between 4th August 2023 to 17th August 2023. Unit 2 underwent semi-annual maintenance between 25th March 2023 and 7th April 2023 as well as forced shut  
Industry News, Investee Companies, ZCCM-IH News

CEC records 3% increase in amounts of power sold in 2022

THE Copperbelt Energy Corporation (CEC) has described its business performance in 2022 as “generally well”. CEC Managing Director Owen Silavwe says the corporation saw a 3 percent increase in the amount of power it sold last year. Addressing the media, Friday, Silavwe said although the 3 percent was a modest growth, it was good for a mature business like CEC. “We believe as a company that we performed generally well in 2022. And when we talk about performance, one of our key priorities, and we would like to start with how we are performing from a safety perspective. And for us, we look at that holistically; so we look at health, safety, environmental and social.  And when you look at……

 

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Source: News Diggers