ZGCL donates 160 desks and building materials to Mwinilunga District Education Board
July 22, 2021Education key to socio-economic development Delivering his speech yesterday at the handover ceremony of 160 desks and building materials to Mwinilunga District Education Board, ZGCL Project Manager Mr. Charles Mjumphi said education is key to both personal and national economic development. He said ignoring the personal and economic development dimension of education would endanger the prosperity of our country, with grave consequences on poverty, social exclusion, and employment levels. The items donated will be distributed to schools in Kanogensha and Chibwika chiefdoms, where access to quality education facilities has been a challenge. Read More
1kg of gold now fetching K1.2m – ZCCM IH
May 26, 20211kg of gold now fetching K1.2m – ZCCM IH Zambia Consolidated Copper Mines Investments Holdings (ZCCM-IH) says it is currently offering a very competitive price for buying gold in the country at K1,150 per gram (about K1.2m for 1kg of gold), which is in line with global gold prices. ZCCM-IH public relations manager Loisa Mbatha-Kakoma told the Zambian Business Times – ZBT that ZCCM-IH’s pricing has been competitive considering its presence in the market since it started and has raised the prices from the previous prices of about K250 per gram to have more ...Read More
State Prioritises Gold Processing
May 7, 2021GOVERNMENT has engaged ZCCM-IH Gold Mining Company to start processing and grading gold from all mining sites in the country, Ministry of Mines and Mineral Development director of mines, Fred Banda has said. Mr Banda said that gold processing was a very important part of the gold value chain and hence the government’s resolve to prioritise the venture. He said ZCCM-IH Gold would work with the gold mining cooperatives and ensure that the gold was processed and graded for sale to the Bank of Zambia Mr Banda said that the gold mining company would not fix the ...Read More
Government Implored to Institute Initiative to Plug Gold Leakages
May 4, 2021The small scale miners association of Zambia is calling for the setting up of inspection mechanisms under the ministry of mines and minerals aimed at identifying sites countrywide that produce gold which is not being accounted for. Association president, Kunda Chani notes that Zambia has a lot of gold sites where gold is being produced but is not being accounted for. Chani explained that so far, the country is on the right trajectory in terms of gold production. He added that putting in place an inspection mechanism will enable the zambia consolidated copper mine investment holding –ZCCM-IH- to account ...Read More