GROUP 2 TOUR REPORT TO
NAMPUNDWE MINING PLC BY
HON ALASO ALICE ASIANUT
INTRODUCTION
Purpose of Visit
• To find out what policies and laws are adhered
to as a company?
• Who audits the company?
• What do they audit?
• How and to what extent does the company
contribute to the national development of the
country?
• What tax exemptions does the company have?
• What challenges does the company face in the
sector
• Is the company listed in Zambia?
• Where is the market for the company
products?
HISTORY
The mine was initially called King Edward Mine in 1913 and was
supervised by the Broken Hill Division (Kabwe Mine)
 The mine was closed during the second world war from 19311951
The Mine has gone through different hands including; the
Government’s wholly owned Zambia Consolidated Copper Mine
and many other private companies.
Currently Nampundwe mine is a branch of the mother company
known as Konkola Copper Mine PLC.
OPERATIONS
The Nampundwe mining operating assets are the Nampundwe
pyrite underground mine and concentrator. (Group only toured the
surface and never went underground )
These are located in the Shibuyunji District of Zambia, approximately
50 kilometres west of Lusaka City.
Nampundwe exploits iron pyrite rich ore bodies that are blended
with copper concentrate for smelting.
Some pyrite is also sold to Chambishi Metals for use in the
processing of cobalt oxide concentrates in their smelting plant.
OPERATIONS (cont’d)
According to the Branch Manager;
The capacity to produce more is there except that there is no
ready market for the product
The pyrite produced at Nampundwe mine is of low standard
compared to the Zimbabwean product
Zambian ore : 10%
Zimbabwean ore : 40%
For the past over five years now, the mine has been running on a
loss!
OPERATIONS (cont’d)
The Cost of Production Pyrite/Ton
Projection $224.9 per ton
Actual
$552.8 per ton
COPRPORATE SOCIAL RESPONSIBILITY
The Manager cited Social Responsibility as the
reason why the branch exists and some of the
undertakings include;
 Sponsoring women groups by providing them
animals (draft power)
 Providing reading materials to pre schools
 Awarding the high scoring pupils in schools
GROUP’S OBSERVATIONS
• There is lack of full disclosure of figures by the
private companies
• The company receives medals almost every
year yet the manager claims that it operates
on a loss!
• The group observed lack of competence on
the Branch Manager who seemed not
conversant with the full details about the
branch.
GROUP’S OBSERVATIONS
• The Company seemed not to care much about
the community as it was observed that the
road leading to the mine is in a deplorable
state despite operating the mine for more
than
Group Observation
• Group expressed concern on how a company
could continue operating on a loss for a long
period
• The Group Observed with concern as to how the
Company could operate on a limitless license
• Corporate Social responsibility does not have a
critical community Initiation
• Non Audit (only private auditors involved)
• Non Participation of Government in the
Production
The End