ZCCM-Investment Holdings PlcOctober 9, 2020

ZCCM IH shares gain the most during COVID-19
Zambia’s mining investment group, ZCCM IH, has recorded a share price increase in its security which is listed on the Lusaka Securities exchange. This is the first increase during the COVID 19 period and created K483.99 million worth of wealth for investors. “A share price gain of K3.01 was recorded in ZCCM increasing the security […]

Finance, Mining, ZCCM-Investment Holdings PlcOctober 5, 2020

50kgs of Gold Produced from Kasenseli gold mine
Minister of Mines and Minerals Development Hon. Richard Musukwa has expressed happiness with the progress made at Kasenseli gold mine project in Mwinilunga District. The project being developed by Zambia Gold Company Ltd (ZGC) owned by ZCCM-IH (51%) and Ministry of Finance (49%) has so far produced 50 kilograms of gold worth USD $3 million. […]

Finance, ZCCM-Investment Holdings PlcOctober 2, 2020

ZCCM IH reduces appetite for banking and milling
During the last six months of the 2020 financial half-year of ZCCM IH, a proposal was tabled that would see the investment group reduce its stake in banking and milling. According to sources close to the matter, ZCCM IH has been in the process of recrafting their strategic plan. This refinement in strategy comes with […]

Finance, ZCCM-Investment Holdings PlcOctober 2, 2020

ZCCM IH 2020 Half Year Performance
Financial Performance The Group reported a profit for the period of ZMW438.9 million (September 2019: ZMW128 million), mainly due to the following: • Increase in net finance income from ZMW138.7 million recorded in September 2019 to ZMW327.3 million recorded in June 2020. The increase in finance income is due to exchange gains recorded on foreign […]

Finance, ZCCM-Investment Holdings PlcSeptember 17, 2020

Glencore and GRZ enter discussions over Mopani mine
Following months of speculation on the fate of one of Zambia’s mines, clarity through an announcement from the Minister of Mines has been given regarding how the fate of one of the countries oldest mines will be dealt with. Earlier in 2019, Glencore announced in May 2020 that it would be ceasing operations at the […]

Finance, ZCCM-Investment Holdings PlcSeptember 12, 2020

PROPOSED GROUP PORTFOLIO RATIONALIZATION AND REORGANIZATION
Background ZCCM Investments Holdings PLC (“ZCCM-IH” or the “Company”) is an investment holding company with diversified interests in mining, energy, banking, property, and other sectors of the Zambian economy. The company has a primary listing of its Class “B” ordinary shares on the Lusaka Securities Exchange (“LuSE”), and secondary listings on the London Stock Exchange […]

Finance, ZCCM-Investment Holdings PlcSeptember 8, 2020

ZCCM IH alive to the importance of Procurement Systems in the Mining industry
There are many challenges facing the mining industry and have credible procurement systems is one of them. According to Mining Procurement & Supply- East Coast of Australia, their 2013 report indicated that some of the challenges around mining procurement included: There are numerous pressures related to supporting the business to deliver cost efficiencies, due to […]

Finance, ZCCM-Investment Holdings PlcSeptember 8, 2020

ZCCM IH CEO’s speech at the public procurement training workshop
Speech delivered  by ZCCM IH Mabvuto Chipata A significant percentage of our Company budget expenditure goes through the procurement unit that contracts suppliers of various goods and services. These goods and services are particularly administrative and investment-related, from hiring machinery for projects, undertaking of environmental project briefs, exploration services, consultancy services,

Finance, ZCCM-Investment Holdings PlcSeptember 8, 2020

Official Opening of the ZCCM-IH Training Workshop on Electronic – Government Procurement (E-GP) System
ZPPA Director General’s speech at the public procurement training workshop It is with great pleasure and honour that i take this opportunity to welcome you all to this very important workshop. Thank you for having taken time off your busy schedules to attend this training workshop on electronic government procurement usage. As you may be […]

Finance, ZCCM-Investment Holdings PlcSeptember 3, 2020

ZCCM IH should desire more…
Mining is in ZCCM IH’s DNA. Many have heard the folklore of the once biggest mining conglomerate of Southern Africa.  Fraught with mixed fortunes and family silver sold, the investment group we know as one of Zambia’s leading investment vehicles, remains a beacon of hope for all future investments in the sector. Here is why. […]