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ZCCM IH expresses grief at the passing of former CEO

FinanceZCCM-Investment Holdings Plc

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. Kaunda”, read the statement issued by ZCCM IH Public Relations.

Francis Kaunda published “Selling the family silver” in which the former CEO chronicles his tenure as CEO of one of Africa’s biggest mining conglomerates at the time. At present, the group has shareholdings in a number of mines. Most recently, the group has been seeking a controlling stake in Glencore subsidiary Mopani Copper Mines, according to Zambia’s mines minister and reported by Reuters, after a disagreement over Glencore’s plan to halt production. Furthermore, the group’s ambitions in gold are nostalgic of a return the Francis Kaunda era when ZCCM dominated and consolidated all the mining efforts of Zambia.

Source: Financial Insight

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