Finance, ZCCM-Investment Holdings PlcDecember 22, 2020

ZCCM IH provides a further update on the Mopani discussions
ZCCM IH has indicated that discussions around the future of Mopani are currently still under discussion, according to a statement released by the company. “Further to the cautionary announcement date 4th September 2020, ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to advise Shareholders and the market that the Company’s discussions with Glencore Finance […]

Finance, ZCCM-Investment Holdings PlcDecember 17, 2020

ZCCM IH provides strategic update to the market
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and market participants are advised by way of update of the ongoing key strategic and operational activities in the Company as outlined below. 1. Strategic Plan (2020-2026) The ZCCM-IH Board approved the Strategic Plan (2020-2026) in September 2020. With a renewed strategic focused investment impetus […]

Economy, Finance, Opinion, ZCCM-Investment Holdings PlcDecember 11, 2020

REMARKS BY MR. MABVUTO CHIPATA, CHIEF EXECUTIVE OFFICER – ZCCM INVESTMENTS HOLDINGS PLC DURING THE SIGNING CEREMONY OF A MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN ZCCM- IH AND THE BANK OF ZAMBIA (BOZ)
Today’s event is a landmark one, and we are excited as it is the culmination of a dream that was birthed even before a gram of gold was mined from our end. As you may know, last year, Government declared gold as a strategic mineral, and in order to provide a well-coordinated mechanism of exploiting […]

Banking, Economy, Opinion, ZCCM-Investment Holdings PlcDecember 11, 2020

Central Bank on a gold binge; ZCCM IH becomes ‘Gold Dore Bars’ supplier
Following the Zambian Government’s declaration of gold as a strategic resource, the Central Bank has now signed a deal with the investment group that has been bestowed the honor and responsibility of consolidating gold mining efforts in Zambia, according to an announcement from the Bank of Zambia. “The Bank of Zambia agreed on Friday to […]

Finance, ZCCM-Investment Holdings PlcNovember 26, 2020

Kansanshi Holdings Limited Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc
Kansanshi Holdings Limited (“KHL”) Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and Kansanshi Mining Plc (“KMP”) 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

Finance, ZCCM-Investment Holdings PlcNovember 25, 2020

KCM’s Current State of Affairs
Zambia’s wettest mine, KCM, has been going under a dispute that has been silently raging in the courts of law, between Vedanta and ZCCM-IH, from May 2019, when the minority shareholders, ZCCM-IH, presented a petition for a compulsory liquidation in the high court of Zambia. The petition in the high court led to the appointment […]

Finance, ZCCM-Investment Holdings PlcNovember 17, 2020

Line of sight eminent for Mopani Deal; Barneby Mulenga
Zambia’s Ministry of Mines has indicated that the country expects to conclude talks over buying Glencore’s stake in Mopani Copper Mines within a month. “Permanent Secretary in the Ministry of Mines, Barneby Mulenga, expects a deal to be announced in the coming weeks by Mines Minister Richard Musukwa, who said in September that both companies were […]

Economy, Finance, ZCCM-Investment Holdings PlcNovember 14, 2020

Why ZCCM IH cautionary notice on KCM is timely…
ZCCM IH recently informed the market on the outcome of the tribunal proceedings which sought to determine whether the Provisional Liquidator at KCM would continue in office or not following Vedanta Resource Limited and Vedanta Resources Holdings Limited pursuing the matter. The ruling was in favor of ZCCM IH by way of the arbitrator dismissing […]

Finance, ZCCM-Investment Holdings PlcNovember 12, 2020

Cautionary notice from ZCCM IH regarding Mopani discussions
Further to the cautionary announcement date 4th September 2020, shareholders are advised that ZCCM Investments Holdings Plc(“ZCCM-IH” or “the Company”) wishes to advise Shareholders and the market that the Company’s discussions with Glencore Finance (Bermuda) Ltd regarding the future of Mopani Copper Mines Plc (“Mopani”) are still in progress which, if successfully concluded may have

Finance, ZCCM-Investment Holdings PlcNovember 11, 2020

ZCCM IH Further Cautionary Announcement relating to KCM
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcements dated 23 May 2019, concerning the filing by ZCCM-IH of a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”), the appointment by the Court of Mr Milingo Lungu […]