Bank of Zambia buys US$72 million worth of gold bullion
• BoZ is doing two kinds of gold purchases now, the first is gold bullion which is refined to the highest standard.• US$72 million has
Tag : zccm-ih
ZCCM-IH engages Rothschild to review Mopani Copper Mines
• This engagement follows a competitive procurement process in which five other companies, both local and international, participated.• Rothschild & Company has extensive experience.• The
ZCCM-IH nods FQM’s US$1.25 billion mine expansion in Zambia
• The investment will lead to renewed vibrancy in the mining sector.• ZCCM-IH is pleased to partner with FQM in a manner that will build
Gold purchases are meant to boost international reserves – BoZ
• Gold is one of the well traded commodities.• It has a deep market.• For now that is really what the Bank is focusing on.
BoZ purchase Gold worth K345.6 million since 2020 – MoF
• Government will also continue working with gold mining companies.• Government will continue to collect mineral royalty in line with international best practice.• Companies will
Court rejects ZCCM-IH’s application
• ZCCM-IH’s intended appeal did not raise points of public importance. • It had no reasonable prospects of success. • The dispute will now proceed
BOZ buys K345.6 million worth of Gold
• BOZ has bought 282.79 Kgs of gold since December, 2020. • 195.95 Kgs was purchased from Kansanshi Copper Mining, and 86.84 Kgs from Zambia
Mopani to flourish than before – Wina
• Mopani Copper Mine is likely to flourish in the hands of ZCCM-IH than before. • Acquisition of the majority shares in the mining firm
7 foreign Companies interested in Mopani
• The second phase is to get an equity partner so as to move on in terms of the issues pertaining to production. • The
ZCCM-IH has capacity to run Mopani – IDC
• ZCCM-IH has capacity to efficiently operate Mopani Copper Mines. • Zambians must be confident in taking up more challenging assignments. • Payment of US$1.5