ZCCM-IH Forms Gold Mining Joint Venture in Zambia’s Kikonge Area

The latest update is out from ZCCM Investments Holdings ( (FR:MLZAM) ).

ZCCM Investments Holdings has signed a Memorandum of Understanding with Zambia’s Ministry of Mines and Mineral Development and Mining Mineral Resources SAS to jointly explore and develop a gold project in the Kikonge area spanning Mufumbwe and Kasempa districts, including the establishment of gold processing facilities. Under the planned joint venture, which will be 51% owned by ZCCM-IH and 49% by MMR and funded primarily through shareholder equity, the partners aim to integrate mechanised operations with formalised artisanal and small-scale mining, position ZCCM-IH as exclusive off-taker for all gold produced, and implement extensive community-focused CSR, infrastructure and environmental programmes, potentially strengthening Zambia’s gold value chain while shareholders await further disclosure on project scope, budget and regulatory categorisation.

More about ZCCM Investments Holdings

ZCCM Investments Holdings PLC is a Zambian state-linked investment company focused on the mining sector, with holdings and operating interests across various mineral assets and a mandate to develop and enhance the country’s mineral value chains, including gold. It plays a strategic role in Zambia’s resource industry, often partnering with both government and private investors to expand exploration, mining, processing and trading activities that support national economic development and local communities.

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