Gold production at a Chinese mining firm operation in Zambia’s Chambishi district in the Copperbelt Province has dropped by about 30 percent in the first 6 months of 2024 compared to 2023 production for the same period.
According to the minerals production report obtained by the Zambian Business Times – ZBT, Gold production at the Non-Ferrous Corporation Africa Mining PLC (NFCA) has dropped to the lows of about 19.27 kilograms from about 26.86 kilograms in 2024 and 2023 respectively.
NFCA is majority-owned by China Non-ferrous Metals Company Limited (CNMC), which holds an 85% shareholding stake, while ZCCM – Investments Holdings holds a 15% shareholding stake.
NFCA produced 3.17, 2.68, 4.47, 3.16, 3.49, and 2.27 kilograms of Gold in January, February, March, April, May, and June respectively compared to 6.22, 6.05, 5.34, 4.53, 1.06, and 3.64 within the same period in 2023 representing about 30 percent decrease in production.
This is despite other private Gold Mining firms reporting an increase of over 50 percent from January to June 2024.
According to official statistics made available to the Zambian Business Times – ZBT, Kansanshi mine produced about 818 Kilograms of gold from January to June 2024 compared to about 521 kilograms produced within the same period in 2023 which represents about a 56 percent increase.
