Connect with:
Tuesday / July 14.
HomeMiningZCCM IH accused of excluding locals in the formation of Kyalo Goldfields, a new company at Kikonge Gold Mine

ZCCM IH accused of excluding locals in the formation of Kyalo Goldfields, a new company at Kikonge Gold Mine

The Chizela Royal Establishment in Mufumbwe District, North-Western Province, has raised concerns regarding the establishment of Kyalo Goldfields Limited (KGL), a newly incorporated joint venture between ZCCM-IH and Mining Mineral Resources—a subsidiary of the India-based Vinmart Group. KGL, formed to explore and develop the Kikonge gold mining area, was incorporated on May 6, 2026, with ZCCM-IH holding a 51% stake and Mining Mineral Resources the remaining 49%. Speaking to the Zambian Business Times – ZBT, Secretary to Chief Chizela, Chrispine Mpanga, revealed that the Royal Establishment had not been informed about the formation of KGL or its directors. “We are...

This content is only available for active subscribers. Subscribe now to get full access.