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
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 […]
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 […]
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 […]
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
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 […]
ZCCM IH has conveyed a message of condolences to the family of its former Chairman and Chief Executive Francis Kaunda, according to a statement from the group. “The Board, Management and Staff of ZCCM Investments Holdings Plc convey their heartfelt condolences to the Kaunda and Shipoka family on the passing on of Mr. Francis H. […]
Zambia’s mining investment group, ZCCM IH, has recorded a share price increase in its security which is listed on the Lusaka Securities exchange. This is the first increase during the COVID 19 period and created K483.99 million worth of wealth for investors. “A share price gain of K3.01 was recorded in ZCCM increasing the security […]
Minister of Mines and Minerals Development Hon. Richard Musukwa has expressed happiness with the progress made at Kasenseli gold mine project in Mwinilunga District. The project being developed by Zambia Gold Company Ltd (ZGC) owned by ZCCM-IH (51%) and Ministry of Finance (49%) has so far produced 50 kilograms of gold worth USD $3 million. […]
During the last six months of the 2020 financial half-year of ZCCM IH, a proposal was tabled that would see the investment group reduce its stake in banking and milling. According to sources close to the matter, ZCCM IH has been in the process of recrafting their strategic plan. This refinement in strategy comes with […]
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