By BUUMBA CHIMBULUTHE Bank of Zambia (BoZ) has so far bought 282.79 kilogrammes of gold since December, 2020, at a cost of K345.6 million.Gold weighing 195.95 kilogrammes was bought from Kansanshi Copper Mines at a cost of K241.8 million, while 86.84 kilogrammes was purchased from Zambia Gold Company, a subsidiary of ZCCM-IH, at a cost of K103.8 million.This is according to the Ministry of Finance and National Planning in its response to online questions on gold purchasing released recently.According to the Ministry, the BoZ planned to buy approximately 25, 200 ounces of London Good Delivery Gold from Kansanshi Copper Mining Plc and 21, 000 ounces of dore gold with a minimum of 88 percent purity, from Zambia Gold Company, per year.“These estimates are based on the gold purchase agreements signed with Kansanshi Copper Mining Plc and Zambia Gold Company in December, 2020.“The objective of this initiative is to shore up and diversify international reserves. The […]
BoZ buys gold worth over K340m
