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Location: 42 km W from Lusaka, Zambia
Stand M/1408, Fern AvenuePrivate Bag KCM (c) 2000ChingolaZambia
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Various legal proceedings were initiated and carried out during 2019–2023.
On 06 November 2023, VRL, ZCCM-IH and KCM signed a new shareholder agreement for KCM as well as an Implementation Agreement that sets out the terms for VRHL’s re-entry and new investment into KCM. Post the completion of scheme of arrangement, the provisional liquidator was removed in late July 2024 and the Board of KCM was re-instated on 31 July 2024.
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The Nampundwe pyrite deposit is situated on the western flank of a synformal basin composed of basement rocks, which are unconformably overlain by Katangan sediments. The deposit is hosted within limestones and schists of the Middle Katangan Cheta Formation, which roughly correlates with the upper portion of the Lower Roan Group. The Cheta Formation dips steeply to the northeast and is tightly folded with a northwest-southeast trending axial trace. The deposit comprises stratabound, massive-sulphide mineralisation located in a thick (50m to 130m) sequence of massive dolomites and limestones. No significant faulting has been identified either within the host zone or the individual orebodies.The primary sulphide mineralisation at Nampundwe is pyrite with minor amounts of pyrrhotite, chalcopyrite and covellite.Four orebodies occur over a strike length of about 1,600 m and dip from 70° to vertical along fold limbs and from 25° to 70° near the noses of folds. They thin at the fringes of the orebody and down-dip. The sulphide orebodies are overlain by oxide caps (gossans) that extend from surface to a depth of 60m. These deposits are generally parallel and range in thickness from 5-20 m. The oxide caps act as natural conduits for water thus making Nampundwe Mine relatively wet. The orebodies have been identified to a depth of 300 m below surface and remain open at depth. The primary sulphide mineralisation at Nampundwe is pyrite with minor amounts of pyrrhotite, chalcopyrite and covellite. Gangue mineralisation is of calcite, dolomite, quartz, magnetite, talc, mica and iron oxides. Pyrite mineralisation occurs as disseminated grains, bedding parallel layers, and as thick continuous zones up to 2 m thick. Copper mineralization was strongly developed in the upper parts of the orebody but these areas have now been mined out.
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