Corporate Social Responsibility: Call For Submissions

ZCCM Investments Holdings Plc (ZCCM-IH) is an investment holding company with significant interests in Zambia’s mining and energy sectors. ZCCM-IH is listed on the Lusaka Securities Exchange, the  Paris Euronext Access and London Stock Exchanges. The Group’s portfolio commodity mix includes copper, gold, amethyst, manganese, limestone, coal, and power energy among others.

ZCCM-IH is involved in sponsoring, among other things, various sporting, athletic, philanthropic and charitable activities, as part of its corporate social responsibility. Its activities are expected to span the entire country in the creation of value for the local community’s participation in various developmental activities.

In view of the above, ZCCM-IH is developing a database of organisations in Zambia with projects or initiatives in need of contributions, donations, and/or sponsorships for its corporate social responsibility initiatives. These institutions must already be actively (no new entities/no proposals) serving the vulnerable/underserved and making a positive difference in their communities, specifically in the following areas:

  1. Orphanages
  2. Street Children Initiatives
  3. Homes for the Old-Aged (Hospices)
  4. The Differently Abled
  5. Associations of Widows and Widowers
  6. Community Care Centers

All submissions must use the registration form provided and should not be more than two pages.

For more information, email corporate@zccmnew.wpenginepowered.com or call +260 211 388 000. The closing date for the receipt of submissions is May 31, 2023 at 12:00HRS.

Loisa Mbatha
Corporate Affairs Manager
ZCCM Investments Holdings PLC

 

Job Advertisement: Human Resource Manager, Procurement Manager.

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 vacancies:

JOB TITLEDIRECTORATE / DEPARTMENTGRADEGRADE NO. REQUIRED SSERVICE TYPESERVICE TYPE
Human Resource ManagerHuman Resource & AdministrationZH31Fixed Term ContractLusaka
Procurement ManagerProcurement DepartmentZH31Fixed Term ContractLusaka

Application Process

Applications clearly marked ‘HUMAN RESOURCE MANAGER or ‘PROCUREMENT MANAGER’ together with copies of certificates and a detailed curriculum vitae should reach the undersigned not later than Wednesday 8th March 2023.

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

Please refer to the job description below for detailed information about the position.

Open For Business: How Far Has Zambia Come Since 2022? Attendees at The 2023 Mining Indaba share Their Impressions

Its been eight months since Zambia used its moment in the limelight at the 2022 Investing in African Mining Indaba to deliver the message that President Hichilemas Administration would be prioritising policy stability and predictability in the mining sector, the countrys biggest foreign exchange earner.

Now, with the 2023 Mining Indaba behind us, Mining For Zambia reflects on the impression of unity that Africa’s second largest copper producer created for the investors, political leaders, commodity traders, and companies across the mining value chain who gathered at last week’s event. Ministries, parastatals, the Zambia Chamber of Mines, and local and foreign investors all came together to demonstrate that Team Zambia’ is aligned in its goal to harness minings potential to drive meaningful and lasting economic development. It was unlike anything seen in previous years, and delivered the unequivocal message that Zambia means business.

 

Read more: Mining for Zambia

Investrust Bank PLC Extract from 2023 Annual Report

Investrust Bank Plc is a financial institution in Zambia, and operations span across Zambia with a comprehensive network of branches.  

Investrust recorded an income of ZMW 202.8 million (2022: ZMW164.25 million). Investrust reported a net loss of ZMW758.18 million (2022: Loss of ZMW2.6 million).  

On the Lusaka Securities Exchange, the Bank’s share price closed at ZMW 25, maintaining the same level as in 2022.  

On April 2, 2024, the Bank of Zambia (“BoZ”) took possession of Investrust Bank Plc (“Investrust”). The possession of Investrust by BoZ was necessitated by its insolvency. On 24 April 2024, the Bank of Zambia cancelled the shareholding of ZCCM-IH in Investrust.  

There were no dividends declared during the period under review (December 2022: Nil).  

Government Committed to Leveraging its Vast Mineral Wealth – Mines Minister

The government says Zambia is leveraging its vast mineral wealth to spur economic transformation.

Minister of Mines and Mineral Development Paul Kabuswe said the government has started an electric vehicle battery manufacturing program with neighbouring Democratic Republic of Congo (DRC) which is being promoted within the private and public investment sectors in Zambia among other strategies.

Mr Kabuswe stated that despite the government being in office it has already made strides to work with its neighbours for maximum benefits from the minerals. He said this when addressing a Ministerial symposium preceding the opening of the Annual Mining Indaba in Cape Town, South Africa. He said Africa should stop wasting time on negotiations but focus on exploring its mineral wealth.

“We need to stop wasting time on the negotiating table. Africa has a lot of minerals that need to be mined. The continent risks losing out if we delay in mining the minerals,” said Mr. Kabuswe.

Mr Kabuswe also called for mutual respect by both investors with the money and countries with minerals. The Mining Indaba has attracted more than 7000 delegates, 500 investors, 530 mining companies and 48 ministers from different countries.

The Indaba provides a vital platform to create space for networking and creating investment opportunities. The Minister is also expected to hold bilateral meetings during the indaba. His delegation comprises officials from State House, the Ministry of Mines, Ministry of Commerce, Trade and industry, the Zambia Development Agency, ZANACO, ZCCM -IH and the Zambian High Commission in South Africa. Minister of Finance and National Planning, Situmbeko Musokotwane is expected to join the delegation tomorrow.

This is according to a statement made available to the media by First Secretary Press and Public Relations Zambia High Commission of South Africa Tamara Nyirenda yesterday.

 

Source: Lusaka Times

Zambia Gold Company Limited (ZGC) Extract from 2023 Annual Report

The Zambia Gold Company Limited (ZGCL) has a significant role in the Zambian gold sub-sector, with a mandate that spans across the country to foster the formalisation and growth of this sector. ZGCL engages in various stages of the gold value chain, encompassing activities such as gold exploration, production, mine development, processing, and the marketing of gold both within Zambia and internationally. This comprehensive involvement is aimed at enhancing the gold sub-sector’s contribution to the Zambian economy and ensuring sustainable development and growth within this industry.  

Zambia Gold Company is in its start phase, and for the year under review, it did not produce any gold due to the continued suspension of mining activities at Kasenseli by the Mines Safety Department which is the main source of gold production. The sale of gold in the period under review was from stock held since 2021 and was used to finance operations of the company. ZGC continues to engage key stakeholders to reopen the mine in 2024. ZGC shall continue conducting exploration activities on its other licences and partnership with third party licence holders. Zambia Gold Company Limited (ZGC) reported revenue of ZMW 38.52 million (2022: ZMW 0.03 million) for the year ended 31 December 2023. During the period under review, the company sold 33.9 Kg of gold from Kasenseli production and trades conducted at ZGC headquarters compared to no sales in 2022. Net loss recorded for the year was ZMW 23.35 million (2022: ZMW 51.57 million loss).  

There were no dividends declared during the year under review (December 2022: Nil). 

Job Advertisement: Company Secretary, Board Affairs Officer.

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 vacancies:

Table: Vacancy announcement

JOB TITLE

DIRECTORATE/ DEPARTMENT

GRADE

NO. REQUIRED

SERVICE TYPE

STATION

Company Secretary

Company Secretarial

ZH2

1

Fixed Term Contract

Lusaka

Board Affairs Officer

Company Secretarial

ZH4

1

Permanent

and Pensionable

Lusaka

Application Process

Applications clearly marked ‘COMPANY SECRETARY’ or ‘BOARD AFFAIRS OFFICER’ together with copies of certificates and a detailed curriculum vitae should reach the undersigned not later than Wednesday 8th February 2023.

Women are strongly encouraged to apply.

Physical

Chief Human Resource & Administration Officer ZCCM Investments Holdings Plc
ZCCM IH Office Park, Alick Nkhata Road
ZCCM-IH/ HRD/Vacancy Announcements
P O Box 30040
LUSAKA

Electronic

Visit the ZCCM-IH Careers page for this job advertisement at http://www.zccm- ih.com.zm/careers

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

ZCCM-IH/ HRD/Vacancy Announcements

Please refer to the job description below for detailed information about the position.

US signs MOU with DRC and Zambia for Cobalt and Copper mining and processing for Electric Vehicle batteries.

The US department of state released a signed Memorandum of Understanding with the Democratic Republic of Congo and Zambia on electric vehicle battery value chains. The document was signed on December 13, 2022, during the Africa Leaders Summit and states DRC and Zambia’s involvement in the production of Electric Vehicle batteries.

DRC currently holds a majority of the world’s cobalt reserves at around 70% with Zambia coming in second in Africa. Zambia is also the world’s 6th largest copper producer. The MOU is stated to be entrusting the 2 African countries to work on a value chain that covers mining all the way to assembly.

These projects will be operational within Africa and there is mention of enabling the private sector to also be invited to participate in each step of this venture. The US really needs this as it got left far behind in the EV race. China is producing 56% of the world’s supply of EV batteries with Korea coming in second at 26% and Japan with 10%. That’s 92% of the world’s supply of EV batteries coming from Asia alone.

 

Read more: TechZim

Maamba Collieries has resumed operations and supplying full power to ZESCO – CEO Minwalla

Maamba Collieries Limited (MCL) has completed its scheduled maintenance works on one of its two 150 MW units at the coal-fired thermal power plant three days ahead of schedule and has since resumed operations at full capacity and is supplying full power to ZESCO.

Maamba Collieries Limited has upheld its commitment made to the government and ZESCO, during His Excellency the Republican President of Zambia Mr Hakainde Hichilema’s visit to Maamba on 8th January 2023, to commence operations well before the scheduled date of 20th January 2023. His Excellency inspected the plant to obtain a better understanding of the operations of the thermal power plant and discuss how best such maintenance works should be done going forward without disrupting the energy supply.

“We are happy to inform the nation that the unit was started up and synchronised with the national grid at 09:30 hrs on 17th January, 2023. Both 150 MW power units at Maamba Collieries are now running at full capacity, thanks to sustained efforts by the maintenance teams. The teams worked tirelessly day and night and deployed additional manpower to bring the unit back online three days ahead of the scheduled date for start-up” said MCL CEO Lt Col Cyrus Minwalla (Retd).

“Reducing three days in a 16-day scheduled maintenance shutdown (earlier scheduled up to 19thJanuary) was a herculean task and required our technical teams to work round the clock to bring the unit back online at the earliest, to lessen the impact of the load shedding. This would not have been possible without the support from ZESCO and the government,” Col. Minwalla added

Col. Minwalla explained that the shutdown of the unit, which had earlier been rescheduled on request by the utility, was taken up to allow critical maintenance works, essential for the safety and long-term operational efficiency of the Thermal Power Plant, adding that the modern, eco-friendly coal-fired power plant – the only one of its kind in Zambia – is complex with start-of-the-art systems, and due to the nature of its operations, requires robust periodic maintenance as recommended by the Original Equipment Manufacturer (OEM) to ensure long term sustained availability.

“Maamba Collieries will continue working with ZESCO and Energy Regulation Board to ensure schedules for mandatory maintenance are adjusted as far as possible, to accommodate the national requirement of power and to minimise disruption of the electricity,” he said

He further explained that the present shortage of rainfall in the country has reduced the power generation capacity from hydro plants drastically, and baseload energy producers like Maamba Collieries, which are not dependent on rainfall, play a key role in managing the energy deficit using resources available in Zambia without recourse to imports. The country’s largest independent power producer is presently supplying more than 10 per cent of the nation’s power, due to the reduced hydro-based generation in Zambia.

Col. Minwalla said that as energy is the prime mover of the economy and industry, Maamba Collieries Ltd remains committed to alleviating the energy deficit, including capacity expansion to ensure increased diversity and energy security.

Maamba Collieries Limited (MCL), in Sinazongwe District in Southern Province, is Zambia’s largest coal mine and the nation’s biggest Independent Power Producer (IPP) with Zambia’s only coal-fired Thermal Power Plant (TPP).

The company operates a 300 MW (2 X 150 MW units) modern, eco-friendly coal-fired power plant – the only one of its kind in Zambia – with the capacity to supply 10 percent of the country’s current installed electricity generation capacity.

MCL is owned 65 percent by Nava Bharat Singapore Pte. Ltd and 35 percent by ZCCM-IH, with some US$919 million invested since 2010.

The plant provides diversity in the nation’s energy mix and contributes to the nation’s base load electricity demand with high-availability power that is independent of climate change.

 

Source: Lusaka Times