Lubambe Copper Mines
Posted Job
over 1 year ago

Cost Accountant (X1)

Lubambe Copper Mine is located within the Greater Konkola Area of the Zambian Copperbelt and consists of a large – scale mining license covering an area of approximately 240 square kilometres. The mine is a modern, world class facility with fully mechanized underground operations.

Lubambe Copper Mine is owned by EMR Capital of Australia (80%) and ZCCM – Investments Holdings (20%).

The Mine is currently in a ramp up stage and will ultimately produce 45, 000 tonnes of contained copper and will employ approximately 1,500 people. The Plant infrastructure consists of a Concentrator plant, a laboratory and underground infrastructure. The Concentrator incorporates crushing, milling, flotation and filtration. The design capacity is 2.5 MTPA of ore at an average mill grade of 2.3% copper, yielding 45,000 tonnes of contained copper in concentrate to be sold to smelters in Zambia.

Lubambe Copper Mine seeks to employ experienced and qualified individuals in the following position:

This position reports to the Senior Cost Analyst

Purpose of the Position:

  • The position involves preparing and providing timely financial and statistical information to the Departmental Managers/HOD’s so that they can make day-to-day and short-term managerial decisions.

Key Performance Areas / Indicators (KPA/Is):

  • To prepare weekly and monthly departmental cost reports with exceptional highlights for Departmental Managers.
  • Report on periodic variances and their causes to the departmental managers
  • Attend departmental planning and operations meetings in order to timely sensitize operational managers of cost and financial performance and be aware of the operational plans.
  • Advise departmental staff on correct cost allocation and analysis codes in line with weekly budgetary plans and as requested
  • Continuously review ledgers to ensure that all PR/Stores requisitions are timely captured that expenditure is posted to correct cost centres and codes by carrying out a review of postings on daily basis
  • Work hand in hand with Supply Chain and Accounts Payable to ensure that direct orders being raised, and invoices being captured are correctly posted in line with budget plans.
  • Raise correction journals where necessary in order to reflect the correct cost per code in line with budgetary plans
  • Help coordinate and collect underlying budget data at departmental level for the comprehensive company annual budget consolidation.
  • Assist the Business Analyst to gather historical operational budgeting and expenditure information where necessary.
  • Apply budgetary controls by ensuring officials operate within approved budget and make the most effective use of available resources at departmental level.
  • Review and vet all orders to ensure they are raised in line with budgetary plans and cost effectively and ensure cost allocation is done correctly.
  • Ensure that the major operating consumables on consignment (Explosives, Tyres, Rock tools, Vent consumables etc) are processed and reconciled in line with production activity.
  • Work hand in hand with Stores to track all Works Orders on Major Component Repairs and other commitments to ensure that they are adequately provided for the in the accounts.
  • Check and ensure the contractors’ and consignment invoices are adequately provided for and accrued in the accounts.
  • Any other Ad-hoc duties requested from time to time.

Qualifications and Experience

  • Full ACCA, CIMA or degree in accounting
  • Grade 12 certificate with 5 Credits and better
  • Cost experience in the mining industry is desirable and will be an added advantage
  • Must be a member of ZICA, ACCA, CIMA or other recognised accounting institutes
  • Must have 3+ years of proven track record related experience in similar position and senior level reporting.
  • Budgeting experience is an added advantage
  • Excellent written communication skills and high conceptual/ analytical skills

How to Apply

Applicants who meet the above requirements are invited to send their Curriculum Vitae in MS word format to

Only shortlisted candidates will be contacted.

Application deadline
22 Feb 15:00
Email applications to

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