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#0183;#32;This is why Gold producing companies such as Kansanshi Mines Plc are not currently compelled to sell the gold to Bank of Zambia. This Policy was approved by the Government in October 2019. After the Policy, the legislative changes are required to implement the policy in full because before that, there is no legal basis to compel a mine licence holder to sell the Gold to ZCCMIH Plc.
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#0183;#32;24th May 2020, Lusaka, Zambia ZCCM Investments Holdings (ZCCMIH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As mandated by Government to harness the gold potential in the country, ZCCMIH strategy is to forge partnerships with any industry player with in the gold value chain.
Mining companies in Zambia focus on excerpting copper and uranium, as well as gold, nickel and industrial deposits, which are more limited. For companies interested in mining operations, or the opening of mining companies, in Zambia, the Zambian Ministry of Mines, under which the Chamber of Mines is located, is the first port of call.
For companies interested in conducting mining operations, or opening mining companies, in Zambia, Zambias Ministry of Mines, under which falls the Chamber of Mines, is the first port of call. It is important for mining companies in Zambia to be cognizant of and understand the primary law governing the Zambian mining sector the Mines and Minerals Development Act no. 11 of 2015 (MMDA).
Lusaka Zambia: ZCCM Investment Holdings plans to open a company that will supervise the mining of gold across the country. ZCCM IH Chief Executive Officer Mabvuto
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2 #0183;#32;Located in west central Zambia and lying within known mineralised iron oxide coppergold (IOCG) terrain, the Mumbwa CopperGold Project licence area is some 5,200km#178; in extent. Containing a large IOCG mineralisation system with anomalous uranium, comparisons have inevitably been made between this deposit and Australias legendary worldclass Olympic Dam.
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2 | Zambia mining guide Executive summary For 2 decades, Zambias mining sector has experienced significant foreign interest and investment driven mainly by the privatization of stateowned Zambia Consolidated Copper Mines (ZCCM), a low taxation environment and low political interference.
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Lusaka Zambia: ZCCM Investments Holdings (ZCCMIH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As
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