On 5 August, 2022, ZCCM-IH gave an update on the acquistion of Mopani in a statement issued by the company secretary.
The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”), as well as other market participants, are referred to the circular dated 9 March 2021 sent to shareholders giving full details on the Acquisition of Mopani Copper Mines PLC (“Mopani”) by ZCCM-IH (the “Transaction”).
The Board of Directors of ZCCM-IH (the “Board”) informed shareholders that the Company requested SRK Consulting (UK) Ltd (“SRK”) to undertake a technical review of the mining, processing, smelting, and refining Assets (the “Assets”) of Mopani and prepare a Competent Persons Report (“CPR”) that meets the requirements set out in Section 12 of the Listings Requirements of the Lusaka Securities Exchange (“LuSE).
Accordingly, the Board wishes to inform the market and the shareholders of ZCCM-IH that the CPR has been finalised and the summarised results following the exercise undertaken by SRK of inspecting the reserves and resources of Mopani are presented below.
Notes:
i) Cu – Copper
ii) Co – Cobalt
iii) TCu – Total Copper
iv) TCo – Total Cobalt
v) AsCu – Acid Soluble Copper
vi) Mt – Million Metric Tonnes
vii) Kt – Thousand Tonnes
The CPR is available to shareholders of ZCCM-IH upon request.