Zambia Formalises Gold Mining in Kikonge Through Strategic Public–Private Partnership
Zambia Signs MoU to Formalise Gold Mining in Kikonge, Boost National Revenue and Debt Servicing
The Ministry of Mines and Minerals Development has signed a Memorandum of Understanding (MoU) with ZCCM Investment Holdings PLC and Mining Mineral Resources-SAS to formalise and regulate mining activities in Kikonge, located in Zambia’s North-Western Province.
Mines and Minerals Development Minister Paul Kabuswe said the agreement is a critical step toward ensuring that Zambia derives maximum value from its mineral resources. He noted that improved governance and formalisation of gold mining will enhance national revenue generation and strengthen the country’s capacity to service and reduce its public debt.
Mr. Kabuswe called on the Bank of Zambia to provide accurate records on gold production volumes, stressing the importance of transparency and accountability in the sector. He also urged stakeholders to support artisanal miners by helping them transition into sustainable and compliant small-scale mining operations.
The Minister further assured trained small-scale miners holding artisanal licences that the Government will soon allocate them mining tenements, enabling them to operate legally and productively.
ZCCM Investment Holdings PLC Board Chairperson Phesto Musonda announced plans to develop a modern gold mine in Kikonge. He emphasised the need for a robust governance framework to support the implementation of an effective national gold strategy.
Mr. Musonda added that, until Zambia establishes its own gold refinery, all gold produced through formal channels must be properly accounted for and reflected on the national balance sheet.
Mining Mineral Resources-SAS Deputy General Manager Elisee Tshibangu described the MoU as a clear demonstration of the partners’ commitment to unlocking Zambia’s gold potential.
He said the agreement marks the beginning of a structured journey from exploration to full-scale mining, while ensuring continued support for artisanal and small-scale miners.
Mr.Tshibangu reaffirmed the company’s commitment to operating transparently and in full compliance with Zambian laws, regulations, and international best practices.
