Zambia’s state-controlled mining investment firm, ZCCM Investments Holdings (ZCCM-IH), has formed a joint venture to explore for and mine gold. This initiative is part of a strategic effort to diversify the country’s mining sector beyond its traditional copper base.
The key details of the joint venture are summarized below:
Announced on May 18, 2026, and incorporated on May 6, this venture targets the Kikonge area, which experienced a disorderly gold rush starting in mid-2025 that required government intervention. ZCCM-IH CEO Kakenenwa Muyangwa emphasized the strategic importance of the Kikonge project in broadening the company’s diversified minerals portfolio.
