Mining, ZCCM-Investment Holdings PlcJuly 2, 2018

ZCCM IH 2017 Performance
In his maiden letter to shareholders, State Counsel Eric Silwamba (the newly appointed board Chair of ZCCM Investment Holdings) expressed confidence in the management team of Pius Kasolo (CEO) and the group’s prospects going forward. Although new to the role, SC Silwamba takes over an investment group that is at a critical stage in its […]

AEL Mining Services (Z) Plc, MiningApril 9, 2018

AEL Mining 2017 Review
Jordan Soko’s AEL Mining has been riding the great tide of the commodities resurgence. The Board Chairman of the explosives company was delighted with the company’s 2017 performance. Rightly so especially that this is the same year that Jordan welcomed new Managing Director Hendrik Rensburg to lead his management team. Hendrik arrived to position with […]

Mining, ZCCM-Investment Holdings PlcJanuary 13, 2018

Pius “Smokes” Cigar following Impairment Joy
Dr Pius must have been smiling when the unaudited provisional financial statements for results ended 31 March 2017 hit his desk. With top-line eroding by 52% (K198M : 2016 and K95M : 2017), his ZCCM-IH was heading into abyss. However, noting the timing of the publication, FiZ believes there was a protracted audit period for […]

AEL Mining Services (Z) Plc, Banking, Mining, StanbicDecember 8, 2017

Dual Exits from Premier Companies
In a week that should have ended quietly, two institutions announced the exits of their CEOs. The first announcement came out of Stanbic Bank. The board of the bank announced the exit of Charles Mudiwa who now moves to Stanbic Kenya as CEO. Tenure of CEOs in Zambian banks often ranges from 2 to 5 […]

MiningOctober 23, 2017

Thinus Bierman exits for pastures green
We have been following the performance of AEL Zambia PLC. Critical to the performance of any firm is the management team. High performing entities always use human capital that has the request skillset to ensure that the fortunes of the entity are secure. Thinus Bierman was, until recently, that part of the AEL jigsaw puzzle […]

MiningOctober 17, 2017

How explosive are AEL Mining at Half Year 2017?
AEL Mining is one of the best performing stocks on LuSE. Astute investors that have followed the performance of the company in 2017 would have been waiting with baited breath for the half year results.  Following their announcement in January 2017 of the launch of their most advanced initiating system, the intelliShot, the company continued […]

Energy, MiningSeptember 24, 2017

FQM at 2017 Half Year
It has been a busy year for FQM in the Zambian mining industry. In what was analogous to a Mexican standoff, the company reported in is September 14 press release that an agreement had finally been reached regarding how much the firm would be paying for energy for the remainder of 2017. The terms of […]

Agriculture, MiningAugust 29, 2017

Competitive Forces:  How ZNFU and Mopani make a classic Porters Model
Warren Buffet once said that “anything that can’t go on forever will end”. This is true for businesses that over time face the economic reality of buyer and supplier forces that are external and exert pressure on the firm’s ability to sustain profits. We have been following closely the debacle at the firms ZNFU and […]

MiningAugust 14, 2017

Copper, IMF. Whats the Big Deal?
There has been a lot of deliberation around whether Zambia needs an IMF package and quite a bit of hype around positive global sentiments regarding copper prices over the short to medium term. Citi research has gone as far as predicting that copper will close the year at USD7000/tonne and this is good news for […]

Mining, ZCCM-Investment Holdings PlcJune 15, 2017

ZCCM – IH – Skiing with hands full
We have often wondered what it is like to ski in the French Alps. Although we could not ski to save our lives, mining commodities have offered varying fortunes (mostly downhill)for players in this game globally. In order for extant players such as Rio Tinto to stay on the slopes for example, divestures have been […]