Crooks. 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 DISBAND ZCCM-IH. These thieves have no shame. 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%. 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. COMMENCES . Even throw ing away investment done by zccm-ih of 27% in CEC, pension funds etc. After 1945 it acquired mines in the United States and Australia. Report this profile; About. Consolidated Gold Company of Zambia Launches Gold Laboratory Earlier today ZCCM-IH held a press briefing and media tour of the gold testing and processing laboratory. 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. Haabanzoka, you are biting the finger. CONSOLIDATED GOLD COMPANY GOLD PROCESSING OPERATIONS. 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 It’s scarcely conceivable that at a time when Gold is the only certain commidity in the world that can shore up our currency, ZCCM-IH is facilitator theft from our economic system. – Surely anyone can see that this gold dealings are PF scams ….its so blindingly obvious. 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%). 281. This is why we are in this mess in the first place , they are already morgeging the gold . 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. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. Report this profile Activity In November this year, I was recognized as one of Africa's Best Governance Minds below the age of 30. Zambia: CONSOLIDATED GOLD COMPANY GOLD PROCESSING OPERATIONS COMMENCES IN RUFUNSA. Zambians we need to get together on this no matter which party/tribe you support. Before 1995, the Bank procured gold for reserves from Zambia Consolidated Copper Mines (ZCCM) Limited. Consolidated Gold Company of Zambia Mar 2020 - Present 11 months. The only reason PF want to engage foreigners is they need cash manee up front ….. I was invited by the African Union to… Liked by Bupe Mulenga. I hope you will be accorded a chance to advise ZCCM-IH! PRIVATISATION is a total fail. ZCCM-IH recently held a press briefing and media tour of the gold testing and processing laboratory. “We advise technocrats to advise policy makers correctly. Consolidated Gold Company Zambia. Unpatriotic and anti-zambian. 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. Previous Article ZCCM IH showcases state of the art gold testing laboratory Next Article ZCCM-IH aids gold diggers 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. Dr Haabazoka has since advised ZCCM-IH to halt any further collaboration until they listen to various stakeholders. Tweet on Twitter. The Bank of Zambia (BoZ) has commenced the accumulation of gold as part of its reserves assets. 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. Data Entry Clerk Flame Zambia. 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. 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? And then some bloggers will want to demean you and your education! 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. This country! Just look at CEC being thrown over the cliff just to fix a very small shareholder. This is why they removed Pius C. 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. ZCCM-IH are [email protected]#*%\,$&+*”%, Pan-handler Renegades! Zambia Daily Nation May 28, 2020. 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. And ZCCM-IH is a traitor organisation servicing foreigners and rich private individuals. May. Advertisement. that feeds you…. 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. people just go to zambian observer to have a clearer picture on who the other shareholder is in this company, am just shocked. Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. 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 … “EAZ stands ready to help out shape a citizen financed gold mining industry.”. Consolidated Gold Company of Zambia. Mining Magazine - Latest mining and investment news. 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. 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? Zambia Consolidated Copper Mines (ZCCM), which operated ten mines, three smelters, two refineries and a tailings leach plant. 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. The Phase involves ten (10) gold milling plants with a processing capacity … The company is owned by ZCCM- IH (51%) and the Zambian Government (49%) through the Ministry of Finance. WHERE IS OUR MONEY GOING? We need to put ZCCM-IH under a microscope. 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. 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 … Mar 2020 – Present 2 months. Mar 2016 – Jun 2016 4 months. 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. The company is owned by ZCCM- IH (51%) and the Zambian Government (49%)through the Ministry of Finance. id!ot! 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... 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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. Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. And since you have the ear of pf, we hope they will listen. The ZCCM-IH Investment Holdings says phase one of the Consolidated Gold Company Limited, gold processing project in Rufunsa has commenced. The first commendable thing I have read from habazooka! Unpatriotic and anti-zambian. An initial investment of approximately $2.5 million will be invested in this first stage of the project and will go […] First positive thing out of his mouth ……. I am not proposing nationalization or Zambians only businesses. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. Zambia Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. “EAZ cannot support a ZCCM IH’s venture to open a gold company with shares only at 51%. 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. PRESS STATEMENT FOR IMMEDIATE RELEASE 20th 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 … 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. Lusaka - 20th May 2020. Karma mining services and Rural Development the shareholders in Consolidated Gold Company Zambia is owned by SUDANESE, surely do we need these Sudanese? ZCCM Investments Holdings PLC is a successor company to Zambia Consolidated Copper Mines Limited (ZCCM Ltd), of Zambia listed on the Lusaka Stock Exchange. CORRUPT. Ladies and Gentlemen, we are delighted that the gold will be sourced locally. 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. Ground Breaking in Rufunsa. Crooks. Economics Association of Zambia President Lubinda Haabazoka has opposed the manner in which ZCCM-IH is going about with its gold business. 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. ZCCM-IH has since advertised the post of Chief Executive Officer. IN RUFUNSA . That is PF for you, you didnt know that there are individual or personal motives in whatever they do? 2020, Lusaka, Zambia – Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. This is what we expect from a so called PhD holder rather than just singing for your meal ticket…. 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