PHASE one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa District has commenced, which will see the establishment of 10 milling plants to produce an average of 7.5Kg of gold per month. PRIVATISATION is a total fail. However, due to the severe foreign exchange liquidity challenges that the country faced during the 1990s, the gold reserve portfolio was liquidated in 1995. The briefing was addressed by ZCCM-IH Chief Executive Officer, Mr. Mabvuto Chipata and Karma Mining Services and Rural Development/Consolidated Gold Company Chief Executive Officer, Mr. Faisal Keer. Mr. Chipata further encouraged anyone with gold to come forward and sell to ZCCM-IH as the company will guide such individuals on how they can regularise their activities so that they are compliant with the relevant regulations. Report this profile; About. First positive thing out of his mouth ……. ZCCM-IH are [email protected]#*%\,$&+*”%, Pan-handler Renegades! AMI - May 13, 2020. If the locals are there to invest why is ZCCM-IH still looking for foreign investors? CORRUPT. Even throw ing away investment done by zccm-ih of 27% in CEC, pension funds etc. ZCCM Investments Holdings PLC is a successor company to Zambia Consolidated Copper Mines Limited (ZCCM Ltd), of Zambia listed on the Lusaka Stock Exchange. The Bank of Zambia (BoZ) has commenced the accumulation of gold as part of its reserves assets. Consolidated Gold Company of Zambia Mar 2020 - Present 11 months. The project is being undertaken by Consolidated Gold Co. Ltd. (CGCZ), a gold processing and trading joint venture between Karma Mining Services and Rural Development and ZCCM-IH. The Phase involves ten (10) gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold … In a statement, Wednesday, ZCCM-IH public relations manager Loisa Mbatha-Kakoma announced that the establishment of the CGCZ gold processing project was underway in … Before 1995, the Bank procured gold for reserves from Zambia Consolidated Copper Mines (ZCCM) Limited. Foolish PF gold investors and must go to hell! It's finally here!! And then some bloggers will want to demean you and your education! Dr Haabazoka has since advised ZCCM-IH to halt any further collaboration until they listen to various stakeholders. COMMENCES . The Phase involves ten (10) gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold production per month. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. CONSOLIDATED GOLD COMPANY GOLD PROCESSING OPERATIONS. This country! Crooks. And speaking earlier Mr. Faisal Keer noted that the lab was critical in the process as it is meant to determine the gold content accurately in the ore that will be received from the various miners, for them to get a fair share and value for their material. Haabanzoka, you are biting the finger. 13. th. i guess this is too obvious even for a F.ool like him to defend. The Bank of Zambia has purchased 47 kilograms of Gold from the Zambia Gold Company Limited, under ZCCM Investments Holdings. Though again we know that these gold deposits are already being plundered and under pf they are likely to only benefit caders while the rest languish. There are a lot of dirty hands and political machinations surrounding our resources. 0. Previous Article ZCCM IH showcases state of the art gold testing laboratory Next Article ZCCM-IH aids gold diggers Tweet on Twitter. A weird kind national security in which the economy is placed in the hands of foreign nationals. Consolidated Gold Company of Zambia Limited is a Joint Venture partnership between ZCCM-IH (45%) and Karma Mining Services and Rural Development (55%) with a purpose of developing a gold processing and trading operation in Zambia. Advertisement. 360 ‘Gold policy well-intended’ By SILUMESI MALUMOTHE move by ZCCM-IH to secure 45 percent in gold processing will enable the country earn meaningful revenue,… Read More » Follow Us. The most important thing is your intention to engage ZCCM-IH and get the truth from them. Zambian politicians are extremely scared of economically empowered indigenous Zambians. 2020, Lusaka, Zambia – Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. Central Bank Governor Christopher Mvunga... 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Kasolo he would never approved this nonsense even the billions he was fighting for from FQM the cases have disappeared because State house interfered ….Now Lungu has appointed this stooge Mabvuto Chipata as new ZCCM-IH CEO. Zambians we need to get together on this no matter which party/tribe you support. Zambia has built 10 milling plants to process gold in a drive to formalize artisanal and small-scale miners and diversify from copper mining, state mining investment company ZCCM-IH said. We need to put ZCCM-IH under a microscope. CGCZ has been granted a Mining Processing Licence in Rufunsa District where the company has approached two (2) Licence holders namely Chembe Gold Mine Limited and Sabi Gold Mine Limited. ZCCM-IH has since advertised the post of Chief Executive Officer. I hope you will be accorded a chance to advise ZCCM-IH! PRESS RELEASE: Consolidated Gold Company Signs Joint Venture With Array Metals To Process Gold In Mumbwa. 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