FQM Trident Limited, a subsidiary of First Quantum Minerals, has signed a collective bargaining agreement with four unions: the National Union of Miners and Allied Workers (NUMAW), Mine Workers Union of Zambia (MUZ), United Mine Workers Union of Zambia (UMUZ) and Miners and Allied Workers Union (MAWU). As part of the agreement, basic salaries for […]
Story of the Day The following is an extract from the “Acquisition of 90% Shareholding in Mopani Circular” available on the ZCCM IH investor pages that explains how the investment house structured the $1.5 billion remaining Debt in Mopani from the GIAG Facility and Carlisa Facility. Sections 8.6 and 8.7 reads: On completion of the […]
Story of the Day Pamodzi Hotels Plc, expects Earnings Per Share to be 48% higher for the financial year ended March 2022, according to the statement published on 9th June, 2022. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Pamodzi Hotels Plc (“the Company”) hereby advises the Shareholders […]
In the second week of June 2022 bond trading, there were two days that recorded trades, of which Fridays bond trading was the best performing day of the week Bonds of total face value of K83,780,000 were transacted in 3 trades, resulting in a market value sales of K55,546,500.. Bonds are a low risk investment […]
In the battle of opposites, in the second week of June 2022 trading on the Lusaka Stock Exchange. There was minimal trading activity in regards to the bond market as only two days recorded trades. The bond market recorded a 60% to 40% on the equities side, in comparison to this time last year the […]
In the second week of June 2022, eighteen company securities’ recorded trades of which Africa Explosives Plc was the highest priced security. In comparison to the second week of June 2021, we see nineteen companies’ recorded trades of which Shoprite Holdings was the highest priced. During the week Wednesdays’ equity trading was the best performing […]
Story of the Day In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of National Breweries Plc (“Natbrew” or “the Company”) hereby advises the Shareholders of the Company that the Loss Per Share for the year ended 31st March 2022 is expected to be 38% lower than the corresponding period […]
Story of the Day With His Excellency President Hakainde Hichilema’s drive for a New Dawn for Mining in Zambia, ZCCM-IH – which holds stakes in many of the country’s mining operations – appears to have entered a new and dynamic phase. Mining For Zambia met up with the company’s recently appointed Board Chair, Ms. Dolika Banda, at last month’s Mining […]
Kagem Mining Ltd has donated items worth over K200,000 to health facilities in the Lufwanyama District to support government efforts in the fight against the deadly coronavirus. The items, which included disinfectants, overalls, goggles and nasal prongs, were delivered to Lufwanyama District Hospital and the Provincial Health Office, with the latter awaiting distribution to various […]
Story of the Day ZCCM Investments Holdings Plc (ZCCM-IH and Zambia National Commercial Bank Plc (Zanaco) have signed a Memorandum of Understanding (MoU) aimed at fostering and providing growth opportunities that contribute to the participation of small and medium sized enterprises (SMEs) in the mining supply value chain in Zambia. Read more Local Business and […]
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