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ZCCM Investments Holdings PLC announced on 03 November 2021 the suspension of all mining and processing operations at Kasenseli Gold Mine. This suspension, effective 22nd October 2021, followed a Ministerial directive from the Ministry of Mines and Minerals Development to address concerns relating to license conditions and safety regulations.
| Date | 3 Nov 2021 |
| Time | 18:14:59 |
| Category | Miscellaneous |
| ID | 2777R |
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
i. the Lusaka Securities Exchange ("LuSE")
ii. the Securities and Exchange Commission ("SEC")
iii. Stockbrokers Zambia Limited ("SBZ")
RISK WARNING
The Notice or Announcement contained herein contains information that may be of a price sensitive nature.
Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.
ISSUED: November 3, 2021
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or "the Company"]
ZCCM-IH MARKET ANNOUNCEMENT ON THE SUSPENSION OF MINING AND PROCESSING OPERATIONS AT KASENSELI GOLD MINE IN MWINILUNGA
In compliance with the requirements of the Securities Act, No. 41 of 2016 of the Laws of Zambia and Section 3.4 of the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc ("ZCCM- IH" or the "Company") announces the suspension of all mining and processing operations at Kasenseli Gold Mine ("Kasenseli Mine") in Mwinilunga, North-Western Province. This follows a Ministerial directive from the Ministry of Mines and Minerals Development to suspend operations and address concerns relating to Kansenseli Mine's license conditions and safety regulations. The concerns raised by the Ministry chiefly relates to safety and security, amongst others.
The suspension of mining operations at Kasenseli Mine was effective 22nd October 2021 and will remain in force until all issues highlighted in the Ministerial directive are closed out.
Kasenseli Mine is operated by Zambia Gold Company Ltd, a subsidiary of ZCCM-IH
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 03 November 2021
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T | +260-211-232456
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia |
First Issued on 03 November 2021.