Understanding ZCCM-IH’s shareholding structure

The authorised share capital of the Company is K2,000,000 divided as follows:

  • 120,000,000 “A” Ordinary Shares of K 0.01 each
  • 80,000,000 “B” Ordinary Shares of K 0.01 each

The total issued number of shares is 160,800,286 which is distributed as indicated in the table below (as at 31st March 2016):

ShareholderClass of SharesNumber of Shares% shareholding
IDCA96,926,66960.28
GRZB27,735,17317.25
NAPSAB24,120,04315.00
MinoritiesB12,018,4017.47
Total160,800,286100.00

The total number of shareholders is 4,344 (March 31, 2016) made up of institutions and individuals spread all over the world.

The full ZCCM-IH portfolio and the strategic partners are shown below:

Investee CompanyZCCM-IH ShareholdingBrief Company DescriptionStrategic Partner Shareholding
Ndola Lime Company Limited100.00%Ndola Lime is the country’s major producer of limestone products supplying the mines and other key industries with various products.
Misenge Environmental and Technical Services Limited100.00%Misenge principally provides environmental and technical services to ZCCM-IH to clear the legacy environmental liabilities and also offers such services to third party customers.
Kariba Minerals Limited50.00%Kariba Minerals Limited operates the country’s largest single amethyst mine in Mapatizya, Sinazongwe in the southern part of the country.Gemfields 50%
Maamba Collieries Limited35.00%Maamba Collieries Limited is the largest coal mining company in Zambia and has built a 300 megawatts thermal power plant.Nava Bharat (Singapore) Pte Ltd 65%
Konkola Copper Mines Plc20.60%Konkola Copper Mines Plc (KCM) is a leading integrated copper producer in Zambia. KCM is primarily engaged in the exploration for, mining, production and sale of copper and copper by-products.Vedanta Resources Plc 79.4%
Kansanshi Mining Plc20.00%Kansanshi Mine is the largest copper and gold producer by output in Zambia, and owns a copper smelter commissioned in 2014.First Quantum Minerals Limited 80%
Copperbelt Energy Corporation Plc20.00%CEC is an independent power transmission and distribution company with core operations in Zambia and an expanding footprint in the rest of Africa.Zambia Energy Corporation (Ireland) Limited (ZEC) 52% Institutions & Individuals 28%
Lubambe Copper Mine Limited20.00%Lubambe Copper Mine is an underground mining operation situated close to the town of Chililabombwe on the Copperbelt Province.VALE 40%, Africa Rainbow Minerals Ltd 40%
CNMC Luanshya Copper Mines Plc20.00%CNMC-LCM operates the Baluba Centre Mine and Muliashi Project. The Baluba Centre Mine produces copper concentrate, whilst the Muliashi Project is an integrated mining and leaching project comprising the Muliashi North Mine and the Muliashi Leach Plant.China Nonferrous Metals Company Limited 80%
NFC Africa Mining Plc15.00%NFCA currently mines at the Chambishi Main Mine and the Chambishi West Mine, and & the Chambishi South-East Mine. NFCA produces copper concentrate.China Nonferrous Metals Company Limited 85%
Chibuluma Mines Plc15.00%The main asset being mined is the Chibuluma South Mine which is an underground mechanized copper mine. Chibuluma produces copper concentrate that is sold to local smelters.Jinchuan Group 85%
Chambishi Metals Plc10.00%Chambishi is involved in the mining, refining and tolling of cobalt and copper.ENRC 90%
Mopani Copper Mines Plc10.00%Mopani Copper Mines Plc is a Zambian registered cop-per mine comprising underground mines, a concentrator, a smelter and a refinery at Mufulira mine site and underground mines, open pits, a concentrator and a cobalt plant at Nkana mine site in Kitwe.Glencore International AG (73.1%), First Quantum Minerals Ltd (16.9%.)
Investrust Bank Plc45.4%Investrust Bank Plc is a commercial bank in Zambia and is listed on the LuSE.Other Shareholders 90%
Nkana Alloy Smelting Company Limited10.00%Nkana Alloy Smelting Company Limited is the holder of both surface and mining rights in the Nkana Slag Dump.Tianjin 90%

Copper

Extracting value from tier one assets by improving efficiencies and operations.