ZCCM-IH Moves to Strengthen Zambia's Gold Industry

ZCCM Investments Holdings (ZCCM-IH) is in discussions with the Ministry of Mines over plans to establish gold trading centres in regions where small-scale gold mining is being brought into the formal economy.

ZCCM-IH Board Chairperson Phesto Musonda said the company remains committed to supporting the formalisation of Zambia's gold and manganese mining industries, describing the initiative as a key pillar of the Government's wider economic development strategy.

Mr Musonda revealed that the Ministry of Mines has already made significant progress in formalising the sector by training local miners and issuing mining licences to between 700 and 1,000 cooperatives. He noted that the programme has been rolled out in areas such as Mufumbwe, where efforts are underway to promote responsible and regulated mining activities.