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Mining & Natural Resources
KARIBAMINERALS LIMITED
Monze Himululi
General Manager
Kakota Road,
PO Box 37080, Lusaka
Tel: +260-211-287043
Fax: +260-211-287041
mhimululi@karibaminerals.com
Kariba Minerals core business is mining and exports
of rough amethyst from its high-class deposits mine
at Mapatizya mining area in Kalomo District.
A Lonrho owned company called Northern Minerals
Limited, which was incorporated in 1960, first oper-
ated the Mine. In 1984 the Government of the Re-
public of Zambia (GRZ), in conjunction with Lonrho,
Africa, bought out the shareholders of Northern Min-
erals and renamed the company Kariba Minerals. In
April 2004 Lonrho sold their entire 50% shareholding
to Gemhouse Online who are currently partners with
the GRZ in a joint venture arrangement.
Kariba Minerals has long been a reliable source of
high-quality amethyst for major manufacturers of
gemstones and related products. Kariba Minerals
market share is estimated at over 90% of amethyst
originating from Zambia. It is one of the largest indi-
vidual producers in the world, hosting some of the
largest deposit of high-grade amethyst in the planet.
At present, the company exports mainly to China and
India but also has clients in Europe and America.
The mine has been mined for a period exceeding 30
years at varying levels of production that has been
influenced by levels of investment and dictated by
market demand. Success at KML has placed Zam-
bia on the world map as a reliable source of high
quality amethyst.
KML’s amethyst is processed into rough knocked
products and transferred to the Lusaka facility for
grading and preparation for the market. Over the
years, Kariba Minerals has developed a unique
grading system. The amethysts are carefully sorted
and graded by a skilled workforce using stringent
quality control measures. This has lead to their am-
ethyst becoming a premium brand.
Growth has been achieved in the company by an
increase in production capacity over the past years.
While grade of amethyst mined has fallen, the com-
pany has taken advantage of economies of scale in-
herent in amethyst market by mass-producing in the
lower grade. Production has increased from levels
of 36,000 kg per year 15 years ago to as much as
240,000 kg of knocked amethyst at present.
Looking towards the future, Kariba Minerals sees
themselves maintaining their position as a world-
class supplier of high-grade amethyst and continuing
to play a major role in the global amethyst market.
KONKOLA RESOURCES PLC
Kishore Kumar
Chief Executive Officer
Fern Avenue
Private Bag KCM 2000, Chingola
Tel: +260-211-0021/350026 or +260-212-350-000
Fax: +260-211-351357
augustine.seyuba@kcm.co.zm
www.kcm.co.zm
KONKOLA COPPER MINES-KCM-PLC
Konkola Copper Mines (KCM) is a mining company
based in the Copperbelt province of Zambia. The
company is currently the largest mining house in
Zambia. KCM is part of Vedanta Resources Plc, a
metals and minerals group with operations in India,
Australia and Zambia. Listed on the London FTSE
250, Vedanta was the strategic equity partner in
KCM with 79.4% ownership along with ZCCM who
held a 20.6% stake in the company. Konkola Re-
sources Plc Issued an IPO in November 2010 chang-
The finished Emerald product by Jewel of Africa