Zambia Mandates ZCCM-IH to Formalize and Transform the Gold Mining Industry
ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) announces that the Government of the Republic of Zambia has officially mandated the Company to spearhead the formalisation, development, and transformation of the country’s gold sector.
This appointment represents a historic milestone in unlocking the full potential of Zambia’s gold mining industry.
For decades, the sector has remained largely informal, characterised by limited structure, minimal value retention, and reduced economic benefits for local communities.
Informal operations have also contributed to unsafe mining practices and environmental degradation, while offering little in terms of national revenue.
The Government’s decision to entrust ZCCM-IH with this responsibility underscores its commitment to sustainable and inclusive economic growth.
Drawing from successful models across Africa, the formalisation of the gold sector is expected to drive higher revenue generation, improve livelihoods, and enhance governance structures.
As the designated anchor institution, ZCCM-IH will lead the implementation of a comprehensive transformation programme centred on collaboration, sustainability, and stakeholder engagement. The programme will focus on:
Integrating artisanal and small-scale gold miners into the formal economy
Promoting safe and environmentally responsible mining practices
Enhancing local value addition and economic retention
Strengthening partnerships with communities, traditional leaders, civil society, and the private sector
Mineral tenements being transferred to ZCCM-IH under this initiative will serve as foundational assets in driving this national agenda.
These assets align with the Company’s mission to create tangible, sustainable wealth for the benefit of the Zambian people and all stakeholders.
ZCCM-IH reaffirms its commitment to executing this mandate with integrity, transparency, and a strong sense of national duty.
The Company extends its gratitude to the Government for its confidence in the Board and Management, and assures stakeholders of its dedication to delivering transformative results in Zambia’s gold sector.
Regular updates will be provided to shareholders and the market as implementation progresses.
