By Cindy Mulomba
The Ministry of Mines and Minerals Development, ZCCM Investment Holdings PLC, and Mining Mineral Resources-SAS have signed a Memorandum of Understanding (MoU) to oversee and formalise mining activities in Kikonge, North-Western Province.
Mines and Minerals Development Minister Paul Kabuswe said the MoU will enable Zambia to derive greater value from its natural resources, strengthening the country’s capacity to service and settle its national debt. He urged the Bank of Zambia to provide records on the volume of gold being produced and called on partners to support artisanal miners in transitioning into sustainable small-scale operators.
Mr. Kabuswe assured trained small-scale miners with artisanal licences that they will soon be allocated mining tenements.
ZCCM Investment Holdings PLC Board Chairperson Phesto Musonda announced plans to establish a modern gold mine in Kikonge, stressing the need for a strong governance framework to deliver an effective national gold strategy. He added that until Zambia sets up its own gold refinery, gold produced through formal channels must be properly accounted for and reflected on the national balance sheet.
Mining Mineral Resources Deputy General Manager Elisee Tshibangu said the MoU demonstrates a firm commitment to unlocking Zambia’s gold potential. He noted that the agreement marks the beginning of a journey from exploration to mining, while ensuring support for artisanal and small-scale miners. He emphasized that the company will operate transparently and in line with Zambian laws and international standards.
