ZCCM-IH Chief Executive Officer,\u00a0Kakenenwa Muyangwa has described the joint venture\u00a0with Mining Mineral Resources to\u00a0develop mining resources in Mufumbwe in North Western Province as a significant step to formalising the gold sector.<\/p>\n
Mr Muyangwa says the state-owned firm is\u00a0taking a controlling position in a project with strong geological potential, alongside an experienced operating partner.<\/p>\n
He said\u00a0the structure formalises artisanal mining at the project site and builds local refining capacity in Zambia.<\/p>\n
The Chief Executive Officer assured stakeholders that the move represents\u00a0the disciplined diversification\u00a0expected from the institution.<\/p>\n
“Kikonge is a meaningful step in broadening ZCCM-IH’s diversified minerals portfolio and represents tangible progress in delivering on our\u00a0\u2060mandate to formalise and develop Zambia’s gold sector,” Mr Muyangwa said in statement.<\/p>\n
According to a statement obtained by ZANIS, ZCCM-IH Corporate Affairs Manager Loisa Mbatha said\u00a0Kyalo Goldfields Limited (KGL) was incorporated on May 6 to explore, develop and mine gold resources in the Kikonge Mining Area in\u00a0Mufumbwe District in\u00a0North Western\u00a0\u2060Province.<\/p>\n
\u201cZCCM-IH will hold a 51 per cent stake in KGL, with Mining Mineral Resources which mines and \u200cprocesses\u00a0\u2060tin, tantalum and tungsten in the Democratic Republic of Congo, holding the remainder,\u201d She said.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
ZCCM-IH Chief Executive Officer,\u00a0Kakenenwa Muyangwa has described the joint venture\u00a0with Mining Mineral Resources to\u00a0develop mining resources in Mufumbwe in North Western Province as a significant step to formalising the gold sector. Mr Muyangwa says the state-owned firm is\u00a0taking a controlling position in a project with strong geological potential, alongside an experienced operating partner. He said\u00a0the […]<\/p>\n","protected":false},"author":9,"featured_media":4171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,17,15],"tags":[26,25],"class_list":["post-4169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latestnewsright","category-onlyzanis","tag-ineverycornerofzambia","tag-zanis","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/4169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4169"}],"version-history":[{"count":1,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/4169\/revisions"}],"predecessor-version":[{"id":4172,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/4169\/revisions\/4172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/media\/4171"}],"wp:attachment":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}