By Scoop Reporter
PHASE 1 of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced, the Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) has said.
ZCCM-IH Chief Executive Officer Mabvuto Chipata undertook a site visit last week to check on the progress of the project, and expressed happiness that the project was on course, despite a few delays in bringing in the required equipment from manufacturers outside the country due to the covid-19 pandemic.
Mr. Chipata says that ZCCM-IH looks to officially launching the project by July 2020 once a few gold dore bars are produced.
And CGCZ Chief Executive Officer Faisal Keer, who accompanied Mr. Chipata, states that the business model involves working with various artisanal and small scale gold miners in providing access to the milling plants, with the view to increase the gold production.
“CGCZ is also helping licensed small scale gold miners with mining technical expertise and safety, and also providing access to earth moving machinery in order to increase gold ore production that is subsequently processed using the milling plants,” Mr. Keer said. .
Phase two of the project which will involve setting-up the same model in Mumbwa District is expected to start before the end of the year.
CGCZ is a gold processing and trading Joint Venture partnership between Karma Mining Services and Rural Development (55 percent) and ZCCM-IH (45 percent).
