PRESS RELEASE: Consolidated Gold Company Signs Joint Venture With Array Metals To Process Gold In Mumbwa

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Lusaka – 20th May 2020. ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture partnership through its subsidiary Consolidated Gold Company Zambia (CGCZ), with Array Metals, a global mining firm to process gold ore in Mumbwa, west of Lusaka. An initial investment of approximately $2.5 million will be invested in this first stage of the project and will go towards the setting up of a gold wash plant and other mining machinery to mine and process placer gold raw material.

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