On 10 October, 2022, ZCCM-IH provided an update on the delayed publication of results for the Financial Year ended 31 December, 2021.
Shareholders are referred to the Company announcement dated 28 February 2022 where it was communicated that the audited 2021 financial statements would be issued by 31 March 2022.
ZCCM-IH is yet to publish its financial statements for the year ended 31 December 2021. The delay to issuance of the said financial statements has been occasioned by the delayed completion of the audit of the financial statements. The financial statements audit for the year 2021 awaits completion of fair valuation of assets and liabilities related to the acquisitions of 90% shares of Mopani Copper Mines PLC as of 31 March 2021. The fair valuation is required for incorporation in the 2021 financial statements as per International Financial Reporting Standards. The fair valuation exercise is expected to be completed before the end of the year, after which the audit will then be finalised. The Company will in the meantime issue provisional financial statements for the said financial year within the month of October 2022.