“It’s no secret that many countries in Africa are perceived as doing the wrong things” said Rudolph De Bruin, Founding Partner of the private-equity fund AMED Funds, “and some of the main players in DRC have difficulty explaining certain issues to their shareholders.” However, “with good rewards come higher risks. DRC still has the better mineral […]
Why Zambian artisanal miners deserve structure There is a livelihood that has been the bedrock of small-scale mining since time in memorial. The men, women, and children from across the world who wake up eat morning in search of pieces of minerals that promise to change their lives. Ironically though, though the informal nature and […]
Limestone Resources Limited (LRL) is born Three months after the ZCCM IH management team signaled a way forward for their distressed asset, Ndola Lime, a way forward has been established, according to a statement from the investment group. In March 2020, ZCCM IH announced the appointment of a Business Rescue Administrator (BRA) who would oversee […]
14th June 2020, Lusaka, Zambia – Over the past 8 years Ndola Lime Company Limited (NLC) accumulated an insurmountable amount of debt, in excess of K1 billion, owed to various statutory bodies as well as private creditors, which led to the Company being technically insolvent. In September 2018, two (2) former employees of instituted business […]
In ZCCM IH’s 2018 annual report, the investment group made a bold announcement when it unveiled its 2018 to 2023 strategic plan. Aptly titled “Taking Giant Steps”, the executive leadership announced that ZCCM IH would pursue a transformational agenda that would permeate through all operational landmarks with a view to sustaining growth and value extraction […]
24th May 2020, Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has prioritised investments in the mining sector particularly in other minerals such as gold and manganese. As mandated by Government to harness the gold potential in the country, ZCCM-IH strategy is to forge partnerships with any industry player within the gold value chain. The partnership […]
In compliance with the requirements of the Securities Act No 41 of 2016 and the Lusaka Securities Exchange (“LuSE”) Listings Requirements (the “Rules”), shareholders are informed that on 11 November 2019, KHL filed a Request for Arbitration in London against ZCCM-IH (as Respondent) and KMP (as Nominal Respondent). These Arbitration proceedings are strictly confidential as […]
20th May 2020, Lusaka, Zambia – ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture partnership through its subsidiary Consolidated Gold Company Zambia (CGCZ), with Array Metals, a global mining firm to process gold ore in Mumbwa, west of Lusaka. An initial investment of approximately $2.5 million will be invested in this first stage […]
ZCCM IH has announced that the matter in which it filed a petition in the High Court of Zambia regarding the future of Konkola Copper Mines is currently ongoing and has provided for further subtle details in the matter. “Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May 2019, […]
13thMay 2020, Lusaka, Zambia – Phase one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa has commenced. The Phase involves ten (10) gold milling plants with a processing capacity of 30 tonnes of ore per day, and a targeted average of 7.5 kilograms gold production per month. The next stage of […]
Finance
