ZCCM Gold Injects K45m in Kasenseli Gold Mine

ZCCM Gold Company has injected 45 Million Kwacha for the initial phase of the Kasenseli Gold Mine Project in Mwinilunga.

ZCCM Gold moved on site and started mobilisation in the first week of April 2020 to undertake detailed exploration that will determine the extent of gold mineralisation in the licence area.

This follows the granting of the exploration licence by the Ministry of Mines and Minerals Development, in March this year.

The extensive exploration works which includes geophysics, geochemistry and diamond drilling activities are aimed at delineating the hard-rock, underground, gold deposit in the licence area.

The mining and processing of the alluvial gold is pending approval of the Environmental Project Brief by the Zambia Environmental Management Authority -ZEMA, and the granting of the mining licence by the Ministry of Mines.

The capital injection will also go towards the fencing of the licence area to avoid and prevent any intrusion from outsiders.

Over 40 locals will be employed in the fencing exercise scheduled to start this week.

The fence is an additional security measure to the state security that is already on the ground.

And speaking when he called on Chief Chibwika, ZCCM-IH Chief Executive Officer Mabvuto Chipata indicated that it has taken a bit of time to start the operations at the mine due to a number of statutory and regulatory approvals that are required.

Mr. Chipata said ZCCM-IH is a listed entity and cannot start any operations without obtaining the necessary and required approvals.

He said ZCCM-IH  is required to  comply with best corporate Governance practices as required by the Lusaka Securities Exchange  listing rules, the Mines and  Minerals  Development Act, the Zambia Public Procurement Authority Act, and the Zambia Environmenta

Management Authority Act.

And Chief Chibwika expressed happiness that this will help address the challenges they have been facing in the area with regards to security and the need for development the district.

He appealed to ZCCM Gold that preference should be given to the local community in terms of jobs and local participation in the supply of various goods and services.

Chief Chibwika said there is a lot of expectation from the local community with the coming of ZCCM Gold.

This is according to a statement released to ZNBC News by ZCCM Investments Holdings Plc Public Relations Manager Loisa Kakoma.