PRESS RELEASE Minister of Mines and Minerals Development Hon. Richard Musukwa says for Zambia to continue attracting foreign direct investment in sustainable mining projects, it is important to reduce the risk that comes with mining investment by making sure that the investors have access to adequate geological information. Speaking at the ongoing 5th annual International […]
Recently, I was in attendance at the President’s Luncheon held at Lusaka’s up market restaurant, The Horse Shoe (“a stylish restaurant located in a cool and calm environment at the former Polo Grill premises” according to thebestofzambia.com), hosted by ZCCM IH and Stanbic Bank. This was the first event that I would have the chance […]
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 […]
It all started with a right offer. Investrust bank needed to raise money. Debt or Equity are usually the choices that premier companies have when it comes to raising finance for whatever reason. The bank chose the latter which involved issue of rights to its existing shareholders that would enable them to buy additional shares […]
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 […]
When announcements of AGMs are published on SENS ANNOUNCEMENTs, TFHZPC is always keen to be a part of proceedings. It’s not just the coffee and muffins that get served (for premier companies that host at exotic hotels) but the agenda of the meetings that wets the appetite of any investor who wants to understand how […]
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 […]
ZCCM-IH’s 2014-2015 financials make for interesting reading. The company embarked on investments over the last two years that when consolidated into the accounts led to major impairments being declared in the financials. As a result, the consolidated group’s operating expenses were swollen due to administrative costs caused by impairments from its takeovers. Other external macro [&hell
ZCCM-Investment Holdings Plc
