ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine
ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine.
Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine being granted.
One of the key hurdles in the path to resuming operations was the resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders, Kampoko Resources Ltd, as well as securing consent from Chief Chibwika.
ZCCM-IH affirms that these challenges have been addressed, paving the way for the imminent resumption of mining activities.
Regarding the allegations of losing control over its stake in Mwinilunga’s Kasenseli Mine, which consists of two mining pits, and the failure to pay a revenue share to PCB Mining Ltd, ZCCM-IH categorically refutes such claims as inaccurate.
It clarifies that the PCB matter is currently before the Courts of Law, with no determination yet made on the merits of the case in the Court of Appeal.
ZCCM-IH emphasizes its ongoing engagement with all stakeholders, including PCB, to settle disputes and operationalize Kasenseli Mine in alignment with its mandate. These efforts aim to benefit not only the people of Mwinilunga but also the broader Zambian community.
ZCCM-IH reaffirms its commitment to transparent and accountable operations while dispelling any misinformation regarding its control over Kasenseli Gold Mine.
The company remains steadfast in its efforts to contribute to the development and prosperity of the region and the nation as a whole.
