ZCCM-IH Incorporates Kyalo Goldfields for Gold Exploration

ZCCM Investments Holdings Plc has officially incorporated Kyalo Goldfields Limited as a Special Purpose Vehicle for gold exploration and mining in the Kikonge area of Mufumbwe District, Zambia. This follows the company's Memorandum of Understanding with the Ministry of Mines and Mining Mineral Resources SAS from December 2025. The SPV aims to enhance Zambia's gold value chain and support artisanal mining integration, reflecting a structured approach to mining operations.

The newly formed Kyalo Goldfields will undertake exploration, mechanized mining, and gold processing, with an emphasis on local value retention. ZCCM-IH holds a 51% stake in the venture, while Mining Mineral Resources owns 49%. Funding will come from shareholder contributions and potential additional structures as the project develops. The Zambian government, through the Ministry of Mines, will oversee regulatory compliance.