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So why cannot ZCCM-IH use its mining licence?
Source: https://www.lusakatimes.com/2023/11/12/what-is-going-on-at-kasenseli-gold-mine/
The mandate given to ZCCM-IH was to mine Zambia’s gold and sell it to BoZ in order to significantly strengthen the kwacha.
Source: https://www.lusakatimes.com/2023/11/12/what-is-going-on-at-kasenseli-gold-mine/
The shareholding is as follows: ZGCL (ZCCM-IH 51%,Ministry of Finances 49%) 70%, Chief Chibwika 5%, the two previous licence holders Kampoko Resources with 12.5 percent and PCB Mining 12.5.
Source: https://www.lusakatimes.com/2023/11/12/what-is-going-on-at-kasenseli-gold-mine/