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Active Tenders, ZCCM-IH

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR THE FULL VALUATION OF ZCCM-IH INVESTEE COMPANIES, CONTRACT NO.: ZCCM-IH/047/2020

1.0     Background

ZCCM Investments Holdings Plc. (ZCCM-IH) is an investment holding company with diversified interests in mining, energy, banking, property and other sectors of the Zambian economy. The company has a primary listing under ISIN number ZM0000000037on the Lusaka Stock Exchange, and secondary listings on London Stock Exchange and Euronext Stock Exchange in Paris.

The Zambian Government (GRZ) directly holds 17.25% of the shares in ZCCM-IH and 60.28% indirectly through Industrial Development Corporation (IDC), an investment company wholly owned by the Zambian Government. With the remaining 22.47% being held by institutions and individuals. The geographical spread of the minority shareholders, who number around 4300, covers over 29 countries in Europe, Africa, the Caribbean, Australia, Asia and the USA.

ZCCM-IH holds the majority of its investments in the mining sector and has shareholding interest in the undernoted companies;

  Company Relationship Shareholding % Status
1 Ndola Lime Company Limited Subsidiary 100.00% Active
2 Misenge Environmental and Technical Services Ltd Subsidiary 100.00% Active
3 Nkandabwe Coal Mine Limited Subsidiary 100.00% Inactive
4 Kariba Minerals Limited Subsidiary 100.00% Active
5 Kabundi Resources Limited Subsidiary 100.00% Active
6 Mushe Milling Company Subsidiary 100.00% Active
7 Limestone Resources Limited Subsidiary 100.00% Inactive
8 ZCCM Gold Limited Subsidiary 51.00% Active
9 Investrust Bank Plc Subsidiary 71.40% Active
10 Rembrandt Properties Limited Associates 49.00% Active
11 Consolidated Gold Company Limited Associates 45.00% Active
12 Maamba Collieries Limited Associates 35.00% Active
13 Konkola Copper Mines Plc Associates 20.60% Active
14 Kansanshi Mining Plc Associates 20.00% Active
15 Copperbelt Energy Corporation Plc Associates 24.10% Active
16 CEC Africa Investments Limited Associates 20.00% Active
17 Lubambe Copper Mine Plc Associates 20.00% Active
18 CNMC Luanshya Copper Mines Plc Associates 20.00% Active
19 NFC Africa Mining Plc Associates 15.00% Active
20 Chibuluma Mines Plc Associates 15.00% Active
21 Chambishi Metals Plc Associates 10.00% Active
22 Mopani Copper Mines Plc Associates 10.00% Active
23 Oranto Oil Block Associates 10.00% Active
24 Nkana Alloy Smelting Company Limited Associates 10.00% Inactive

IFRS requires that investments be stated at fair value at every annual reporting period. This requires that a valuation of the investments is conducted every financial year to ascertain their fair values. The fair valuation is conducted by an independent consultant as will be appointed from time to time. In this respect fair valuation for the preceding financial year was conducted by Imara Corporate Finance.

ZCCM-IH now invites eligible consultants to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.).

Interested consultants may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.

A consultant will be selected using Quality and Cost Based Selection (QCBS) method. Interested consultants must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday, 27th May 2020.

Procurement Manager

ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P.O. Box 30048
Lusaka.

Email: kabwek@zccm-ih.com.zm 

Download the document here: Request for EOIs for the Provision of Full Valuation of ZCCM-IH Investee Companies – May 2020

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