ZCCM-IH to Lead Zambia’s Gold Sector Transformation
The Government has formally appointed ZCCM Investments Holdings Plc (ZCCM-IH) to spearhead the transformation of the country’s gold sector. This strategic mandate marks a critical step toward formalising an industry long dominated by informal and unregulated operations.
Announced in a press statement today, the appointment positions ZCCM-IH as the lead institution in implementing a comprehensive programme aimed at integrating artisanal and small-scale miners into the formal economy, promoting safe and sustainable mining practices, and enhancing value addition within Zambia.
“For decades, the gold sector has remained informal, yielding minimal national economic returns while contributing to environmental and safety challenges,” said ZCCM-IH. “This mandate is a bold step towards unlocking the sector’s full potential.”
The transformation agenda includes four key priorities:
- Formal integration of artisanal and small-scale gold miners;
- Promotion of environmentally responsible mining methods;
- Increased local beneficiation and value retention; and
- Strengthening of partnerships with communities, traditional leaders, civil society, and private investors.
Mineral tenements earmarked for transfer to ZCCM-IH under this initiative will serve as the foundation for building a structured and sustainable gold mining industry. The move is also in line with the Company’s mission to create lasting wealth for the Zambian people through responsible mineral resource management.
The Government’s confidence in ZCCM-IH draws inspiration from other African countries that have successfully reformed their gold sectors to boost revenues and improve livelihoods. ZCCM-IH has pledged to deliver the mandate with transparency, integrity, and national commitment.
“This is a historic responsibility and an opportunity to deliver transformative outcomes,” said Corporate Affairs Manager Loisa Mbatha. “We are committed to inclusive stakeholder engagement and sustainable value creation.”
ZCCM-IH will provide regular updates to shareholders and the public as the gold sector transformation programme unfolds.
