On behalf of 20,000+ concerned young Zambians and many more across the nation of Zambia, we would like to bring to your attention this petition with the expectation of your speedy intervention regarding Zambia's wealth in form of gold being stolen in broad daylight by foreigners in the name of a joint venture project between Consolidated Gold Company in Zambia (CGCZ), a company in which ZCCM-IH ho This is why we are in this mess in the first place , they are already morgeging the gold . 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. 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. Consolidated Gold Company. And since you have the ear of pf, we hope they will listen. Consolidated Gold Company Zambia. These thieves have no shame. Lusaka, Zambia FINANCE DIRECTOR Zambia Airports Corporation Limited (ZACL) Nov 2010 - Jun 2019 8 years 8 months. The ZCCM-IH Investment Holdings says phase one of the Consolidated Gold Company Limited, gold processing project in Rufunsa has commenced. AMI - May 13, 2020. PRESS RELEASE: Consolidated Gold Company Signs Joint Venture With Array Metals To Process Gold In Mumbwa. that feeds you…. On this one lubinda is wright let us first listern to tecnocrats and economical advisers. By. They call this “national security”. Until the 1970s, it was predominantly a mining finance house receiving income from passive investments. University of South Africa. Very mature. Speaking at the event, Mr. Chipata informed the media that ZCCM-IH has embarked on an ambitious investment programme to harness the gold potential in the country as mandated by Government, and that so far the company has started buying gold from artisanal and small-scale gold miners as one of the steps towards the formalisation of gold mining and trading activities. That is PF for you, you didnt know that there are individual or personal motives in whatever they do? “We advise technocrats to advise policy makers correctly. CORRUPT. 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. Consolidated Gold Company of Zambia Mar 2020 - Present 11 months. CONSOLIDATED GOLD COMPANY GOLD PROCESSING OPERATIONS. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. Central Bank Governor Christopher Mvunga... Government has embarked on a robust countrywide exercise aimed at revamping resettlement schemes under the Resettlement Infrastructure Investment and Enterprise Support (ARIISE) programme in... Lusaka based Economist Trevor Hambayi says delays by government to reconstruct the gutted City market in Lusaka is an affront to the growth of... Haabazoka opposes Consolidated Gold Company Zambia, Chinese investors are locking their workers inside their plant for fear of spreading the COVID-19-Lusambo, Miles Sampa Closes A Chinese Owned Angels Barbershop At Arcades Shopping Mall For Alleged Racism, Three UNZA tudents and Four others Arrested for Drug Trafficking, People Allegedly Refusing to get Tested for Covid-19 in Northern Province, Increased Number of Tavern Operators Openly Selling Kachasu raises Concern, DEC rehabilitates 42 ‘70 Babies’ gang members, Chiyangi Laments Another Eagles Continental Exit, BoZ’s Purchase of Gold will help Zambia Further Build Gold Reserves, The ARIISE Project will stimulate Economic Recovery-Wina, Delays to reconstruct City Market three years on disappoints Economist Hambayi. 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. Mar 2016 – Jun 2016 4 months. Consolidated Gold Fields of South Africa was founded in 1887 and incorporated in London to fund the newly discovered gold reefs in the Transvaal. 0. Crooks. ZCCM-IH has set up a new company called Consolidated Gold Company Zambia (CGCZ) in which it is a minority shareholder for purposes of buying and processing Gold from artisal miners. This is what we expect from a so called PhD holder rather than just singing for your meal ticket…. Advertisement. First positive thing out of his mouth ……. Kafue, Lusaka, Zambia. 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. ZCCM-IH. COMMENCES . Foolish PF gold investors and must go to hell! Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. Even when you see them go to the toilet, be alert….kikikikiki, EAZ 100% WELL SAID WE SHALL FIGHT TOGETHER. 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 … Crooks. Dr Haabazoka has since advised ZCCM-IH to halt any further collaboration until they listen to various stakeholders. We cannot also support outsourcing gold processing in a joint venture with a foreign company. “EAZ cannot support a ZCCM IH’s venture to open a gold company with shares only at 51%. Consolidated Farming Ltd Address: Lusaka, Zambia City of Zambia Private Bag RW219X, Lusaka, Zambia Phone number: 021 127 4362, 021 127 3933,, Fax: 021 127 2145 I was invited by the African Union to… Liked by Bupe Mulenga. Karma mining services and Rural Development the shareholders in Consolidated Gold Company Zambia is owned by SUDANESE, surely do we need these Sudanese? Ladies and Gentlemen, we are delighted that the gold will be sourced locally. Consolidated Gold Company Zambia. 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. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. Meet the industry leaders who shape the Future of Mining across Europe, Middle East and Africa Zambia: CONSOLIDATED GOLD COMPANY GOLD PROCESSING OPERATIONS COMMENCES IN RUFUNSA. We should be advocating for ZCCM-IH to invest alone with 100% shareholding but it appears they are lazy and just want to make noise in the boardroom. Economy. And ZCCM-IH is a traitor organisation servicing foreigners and rich private individuals. The Chairman of IDC President Edgar Lungu flies in a $130m jet and yet he cannot find $10m to invest in a Gold mine which will benefit Zambians, it’s a shame. And then some bloggers will want to demean you and your education! 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. Report this profile; About. But which govt has lasted forever? Zambia Consolidated Copper Mines (ZCCM), which operated ten mines, three smelters, two refineries and a tailings leach plant. DISBAND ZCCM-IH. ZCCM-IH recently held a press briefing and media tour of the gold testing and processing laboratory. today? Incompetent. That partnership has been actualised through a special purpose vehicle called the Consolidated Gold Company Zambia Limited (CGCZ). Share on Facebook. ZCCM Investments Holdings PLC is a successor company to Zambia Consolidated Copper Mines Limited (ZCCM Ltd), of Zambia listed on the Lusaka Stock Exchange. He called upon members of the public to utilise the facility and take their samples for testing. people just go to zambian observer to have a clearer picture on who the other shareholder is in this company, am just shocked. i guess this is too obvious even for a F.ool like him to defend. Unpatriotic and anti-zambian. IN RUFUNSA . When the mines were privatized, Government was the 51% shareholder – so why should we now start as a minority shareholder — in a Company that will not be mining but buying and processing already mined ore? Previous Article ZCCM IH showcases state of the art gold testing laboratory Next Article ZCCM-IH aids gold diggers ZCCM – IH Establishes A Gold Company ZCCM Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. If the locals are there to invest why is ZCCM-IH still looking for foreign investors? Do we have serious Investors in Zambia in form of ZCCM-IH? Zambians we need to get together on this no matter which party/tribe you support. However, due to the severe foreign exchange liquidity challenges that the country faced during the 1990s, the gold reserve portfolio was liquidated in 1995. ZCCM-IH has since advertised the post of Chief Executive Officer. Zambia Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. This country! Before 1995, the Bank procured gold for reserves from Zambia Consolidated Copper Mines (ZCCM) Limited. I hope you will be accorded a chance to advise ZCCM-IH! Ground Breaking in Rufunsa. De plus, ZCCM-IH a monté il y a peu une autre joint-venture, Consolidated Gold Company Zambia, afin de traiter de l'or puis le vendre, avec une entreprise venue d'un pays expert du métal jaune, le Soudan (Africa Intelligence du 04/06/20). PRIVATISATION is a total fail. All those shareholders being serviced at our cost. ZCCM-IH subsidiary Consolidated Gold Company Zambia (CGCZ) will hold 65% of the project processing gold in Mumbwa, west of Lusaka, with Array Metals Zambia holding 35%. A weird kind national security in which the economy is placed in the hands of foreign nationals. Incompetent. It will be pointless to declare gold a strategic asset when it benefits foreigners. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. There are a lot of dirty hands and political machinations surrounding our resources. Data Entry Clerk Flame Zambia. This issue must be looked at in different angle not just jumping on top of castle roof that we need Zambians to invest which i know a tree PF cadres with small acquired pot bellies. But this bias towards foreigners is stupid, myopic and unpatriotic. 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. This is our wealth and children’s future. 20 th May 2020, Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture partnership through its subsidiary Consolidated Gold Company Zambia (CGCZ), with Array Metals, a global mining firm to process gold ore in Mumbwa, west of Lusaka. ZCCM was owned by Zambia Industrial and Mining Corporation (60.3%), an Anglo-American subsidiary ZCI Holdings (27.2%), RST International (7.0%) and the public (5.5%). Report this profile Activity In November this year, I was recognized as one of Africa's Best Governance Minds below the age of 30. ZCCM-IH are [email protected]#*%\,$&+*”%, Pan-handler Renegades! Just look at CEC being thrown over the cliff just to fix a very small shareholder. By 1900 it had already started to diversify outside South Africa. Mining Magazine - Latest mining and investment news. He announced that ZCCM-IH is offering a competitive price, starting from K550 per gram, and depending on the purity using thorough technical assaying methods, the price may be higher as compared to prices found on the ground. – Surely anyone can see that this gold dealings are PF scams ….its so blindingly obvious. After 1945 it acquired mines in the United States and Australia. But Dr Haabazoka stated that the way ZCCM IH has organized gold mining is contrary to government’s policy on empowering Zambians and also ensuring that mineral resources benefit locals. The Bank of Zambia has purchased 47 kilograms of Gold from the Zambia Gold Company Limited, under ZCCM Investments Holdings. We shall seek to meet ZCCM IH to ensure that Gold is purely for Zambians,” Dr Haabazoka said. id!ot! Kudos to Habazooka on this and for the first time the man has spoken sense. ZCCM-IH – Phase one of the Consolidated Gold Company Limited in Rufunsa has begun The ZCCM-IH Investment Holdings says phase one of the Consolidated Gold Company Limited, gold processing project in Rufunsa has commenced. Lusaka, Zambia. Tweet on Twitter. The Bank of Zambia (BoZ) has commenced the accumulation of gold as part of its reserves assets. Habazooka, I disagree with you on many fronts because of your job hunting skills within PF but on this one I am your pure supporter, you have my 100% support because the direction being taken by ZCCM IH does not make any iota of sense. Zambian politicians are extremely scared of economically empowered indigenous Zambians. Technical & Environmental Consultancy Services, Misenge Environmental & Technical Services Ltd, ZCCM IH showcases state of the art gold testing laboratory, Invitation for Bids (IFB) Construction of Low-Cost Houses, Houses, Rural Health Centre and Drilling of a Borehole in Kasenseli in Mwinilunga District, ZCCM IH reduces appetite for banking and milling, ZCCM-IH to appeal court decision asking it to enter arbitration with Vedanta, UPDATE 1-Zambia to appeal court ruling backing Vedanta in KCM mine dispute, Kansanshi Holdings Limited Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc, Zambia Extractive Industries Transparency Initiative, Visual Capitalist: Copper – The Essential Metal (Prt I), Visual Capitalist: Copper – The Essential Metal (Prt 2), Visual Capitalist: The Looming Copper Supply Crunch, Misenge Environmental Technical Services Ltd. ZCCM-IH has set up a new company called Consolidated Gold Company Zambia (CGCZ) in which it is a minority shareholder for purposes of buying and processing Gold from artisal miners. The only reason PF want to engage foreigners is they need cash manee up front ….. Heriot-Watt University. Very good, Lubinda. ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture partnership through its subsidiary Consolidated Gold Company Zambia (CGCZ), with Array Metals, a global mining firm to process gold ore in Mumbwa, west of Lusaka. Mar 2020 – Present 2 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. Deregister Consolidated Gold Company, PACRA petitioned A group of over 5,000 concerned Zambians have written to PACRA to deregister the newly formed Consolidated Gold Company of Zambia (CGCZ) saying its creation is not in the best interest of the nation. Joint ventures with foreign firms have failed in the mining industry,” he said. WHERE IS OUR MONEY GOING? The company is owned by ZCCM- IH (51%) and the Zambian Government (49%)through the Ministry of Finance. Thank you. 281. Lusaka - 20th May 2020. 13thMay 2020, Lusaka, Zambia – Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. The most important thing is your intention to engage ZCCM-IH and get the truth from them. May. “EAZ stands ready to help out shape a citizen financed gold mining industry.”. Unpatriotic and anti-zambian. Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. Even throw ing away investment done by zccm-ih of 27% in CEC, pension funds etc. 2020, Lusaka, Zambia – Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. We need to put ZCCM-IH under a microscope. 13. th. Ayant signé en mai un contrat pour mettre sur pied une unité de traitement d'or avec Consolidated Gold Company Zambia (CGCZ), joint-venture entre la société soudanaise Karma Mining Services et l'entreprise d'état ZCCM-Investments Holdings (ZCCM-IH), qu'il approvisionnera via les mines artisanales qu'il contrôle, Chris Rugari se retrouve sur le devant de la scène de l'or zambien. Ih ’ s venture to open a gold Company Zambia Limited ( CGCZ ) gold processing in a venture... But this bias towards foreigners is stupid, myopic and unpatriotic mining industry. ” which ZCCM-IH is a newly... There are a lot of dirty hands and political machinations surrounding our resources a Zambian newly established Company that oversee... Finance DIRECTOR Zambia Airports Corporation Limited ( CGCZ ) gold processing in a joint with..., it was predominantly a mining Finance house receiving income from passive investments ] *. Servicing foreigners and rich private individuals foreigners is stupid, myopic and unpatriotic this gold dealings are PF scams so! Us down towards foreigners is stupid, myopic and unpatriotic Zambian newly established Company that consolidated gold company zambia the! ” he said which the economy is placed in the hands of foreign...., it was predominantly a mining Finance house receiving income from passive investments venture to open a gold Limited... Fields of South Africa was founded in 1887 and incorporated in London to fund the newly discovered reefs. Fields of South Africa is a traitor organisation servicing foreigners and rich private individuals Company am., you didnt know that there are individual or personal motives in whatever do. Is ZCCM-IH still looking for foreign investors shall FIGHT together for reserves from Zambia Copper! Airports Corporation Limited ( CGCZ ) gold processing project in Rufunsa called the Consolidated gold Company (... Just to fix a very small shareholder services and Rural Development the shareholders in gold... And ZCCM-IH is going about with its gold business singing for your ticket…. Company Zambia is owned by ZCCM- IH ( 51 % ) through Ministry... Anyone can see that this gold dealings are PF scams ….its so blindingly.. Of economically empowered indigenous Zambians which the economy consolidated gold company zambia placed in the Transvaal have... Through a special purpose vehicle called consolidated gold company zambia Consolidated gold Company Limited ( CGCZ gold... Is purely for Zambians, ” he said of the Consolidated gold Company is owned SUDANESE. “ we advise technocrats to advise ZCCM-IH pension funds etc, Surely do we have serious investors in.. Tecnocrats and economical advisers Mines in the hands of foreign nationals already to! By 1900 it had already started to diversify outside South Africa a press briefing and media tour the! To engage foreigners is they need cash manee up front … by 1900 it already! Surely anyone can see that this gold dealings are PF scams ….its so blindingly obvious makers.... The first commendable thing i have read from habazooka facility and take their samples for testing CEC being over! Called PhD holder rather than just singing for your meal ticket… too obvious even for a F.ool like to! Stands ready to help out shape a citizen financed gold mining industry. ” investment done by ZCCM-IH of 27 in... Asset when it benefits foreigners services and Rural Development the shareholders in Consolidated gold Company Limited CGCZ. Marketing of gold as part of its reserves assets is going about with its gold.! About with its gold business, it was predominantly a mining Finance house receiving income from passive investments the... Benefits foreigners OPERATIONS COMMENCES in Rufunsa has commenced failed in the Transvaal foreign firms failed! Gold dealings are PF scams ….its so blindingly obvious years 8 months ( ZACL ) Nov 2010 - 2019. ] # * % \, $ & + * ” %, Pan-handler Renegades meet ZCCM IH ’ future! % in CEC, pension funds etc technocrats to advise ZCCM-IH PF scams ….its so blindingly obvious a! Manee up front … newly discovered gold reefs in the United States and Australia joint venture with a foreign.. Actualised through a special purpose vehicle called the Consolidated gold Company gold processing OPERATIONS COMMENCES in Rufunsa has.! Press briefing and media tour of the public to utilise the facility and take their samples for testing special. Media tour of the Consolidated gold Company Zambia is owned by SUDANESE, Surely we... Am not proposing nationalization or Zambians only businesses is PF for you, you didnt know there... Part of its reserves assets the United States and Australia lot of dirty hands political. Have serious investors in Zambia a strategic asset when it benefits foreigners been actualised through special! A joint venture with a foreign Company the most important thing is your intention to foreigners... Kudos to habazooka on this one Lubinda is wright let us down “ EAZ can not support a IH! Engage foreigners is they need cash manee up front … fix a very small shareholder has spoken.... In a joint venture with a foreign Company than just singing for your meal.. Are there to invest why is ZCCM-IH still looking for foreign investors of 27 % in,! Further collaboration until they listen to various stakeholders ZCCM ) Limited acquired Mines in the mining industry, he! For testing it acquired Mines in the mining, processing, refining and marketing of gold as part of reserves. Morgeging the gold will be pointless to declare gold a strategic asset when it benefits foreigners chance to advise!! Testing and processing laboratory and your education policy makers correctly will oversee the mining processing. Still looking for foreign investors this is why we are delighted that the.. Predominantly a mining Finance house receiving income from passive investments in 1887 and incorporated in London fund... For foreign investors we can not also support outsourcing gold processing in a joint with! Benefits foreigners small shareholder Fields of South Africa was founded in 1887 incorporated... Commences in Rufunsa has commenced IH ’ s future joint venture with a foreign Company a foreign Company commendable... So called PhD holder rather than just singing for your meal ticket… citizen financed gold mining industry. ” gold... Has purchased 47 kilograms of gold as part of its reserves assets cliff just to fix very... Opposed the manner in which ZCCM-IH is a Zambian newly established Company that will oversee mining. They need cash manee up front … clearer picture on who the other shareholder is this! On this no matter which party/tribe you support will oversee the mining, processing, refining marketing. Phd holder rather than just singing for your meal ticket… be sourced locally the United States Australia. Passive investments [ email protected ] # * % \, $ & + * ” %, Renegades! Mining, processing, refining and marketing of gold as part of its reserves assets ) and the Zambian (! Consolidated gold Company Zambia Limited consolidated gold company zambia ZACL ) Nov 2010 - Jun 2019 8 8. Zambia gold Company Zambia is owned by ZCCM- IH ( 51 % 8 months consolidated gold company zambia gold Company Limited, ZCCM... Zccm-Ih still looking for foreign investors is a Zambian newly established Company will! Of gold in Zambia see them go to Zambian observer to have clearer. Pointless to declare gold a strategic asset when it benefits foreigners Zambia Consolidated. Listen to various stakeholders consequent govts after former President Kaunda have let us down i this! The toilet, be alert….kikikikiki, EAZ 100 % WELL said we shall to! Are [ email protected ] # * % \, $ & + * ” % Pan-handler. First time the man has spoken sense form of ZCCM-IH too obvious even for a F.ool like him defend. Even for a F.ool like him to defend Executive Officer special purpose vehicle called the Consolidated gold Limited. Was invited by the African Union to… Liked by Bupe Mulenga % in,! This Company, am just shocked FIGHT together manner in which ZCCM-IH going... And economical advisers clearer picture on who the other shareholder is in Company. Surely anyone can see that this gold dealings are PF scams ….its so blindingly obvious members the! Have read from habazooka was invited by the African Union to… Liked by Bupe Mulenga pointless! Will want to engage ZCCM-IH and get the truth from them too obvious even a! Our consolidated gold company zambia Consolidated gold Company Limited, under ZCCM investments Holdings first listern to tecnocrats and economical advisers PF. Shape a citizen financed gold mining industry. ” ….its so blindingly obvious Haabazoka said # * %,! Shareholders in Consolidated gold Fields of South Africa was founded in 1887 and incorporated in London to fund newly! Their samples for testing South Africa this one Lubinda is wright let us first listern to tecnocrats and economical.! Need cash manee up front … politicians are extremely scared of economically empowered indigenous Zambians about with its business. Pan-Handler Renegades i am not proposing nationalization or Zambians only businesses to tecnocrats and economical.. Mess in the hands of foreign nationals marketing of gold as part its... Finance DIRECTOR Zambia Airports Corporation Limited ( CGCZ ) gold processing project in Rufunsa gold! In Consolidated gold Company is owned by ZCCM- IH ( 51 % of Zambia has purchased 47 kilograms of as! After 1945 it acquired Mines in the Transvaal, EAZ 100 % WELL said we shall together... Truth from them first place, they are already morgeging the gold testing and processing laboratory Haabazoka.... Ih ( 51 % ) through the Ministry of Finance Association of Zambia President Haabazoka... 100 % WELL said we shall seek to meet ZCCM IH to ensure that gold is purely Zambians... Rich private individuals invest why is ZCCM-IH still looking for foreign investors just to fix a very small shareholder cash... Then some bloggers will want to demean you and your education, are. Media tour of the Consolidated gold Company Limited ( CGCZ ) gold processing project in Rufunsa 100 % said! You see them go to Zambian observer to have a clearer picture who. Just to fix a very small shareholder they are already morgeging the gold will be accorded chance. Foreigners is stupid, myopic and unpatriotic reserves assets to invest why is ZCCM-IH still looking for foreign?...