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Corporate Social Investment, ZCCM-IH

ZCCM-IH Launches Tree Planting Initiative

ZCCM Investments Holdings Plc (ZCCM-IH) in collaboration with Tree Zambia Limited has launched its tree planting initiative. The initiative was launched on 14th March 2025 at the Levy Mwanawasa Medical University. The tree planting initiative is aimed at mitigating the adverse effects of climate change that has impacted countries across the world, including Zambia. 

Speaking during the launch, ZCCM-IH Chief Executive Officer, Dr Ndoba J Vibetti said as a company with investments in mining and energy sectors, ZCCM-IH recognises its responsibility to contribute to the well-being of communities and the preservation of the environment. By the end of the project, ZCCM-IH will plant over 4000 ornamental and fruit trees at three health institutions in Lusaka and the Copperbelt Province. The trees will be planted at public health institutions to improve air quality, reduce urban heat, and support biodiversity. The fruit trees will offer nutritional benefits, contributing to food security and improved health outcomes.  

Director of Forestry at the Ministry of Green Economy and Environment Mr Sitwala Wamunyima commended ZCCM-IH for Utilizing its resources to drive environmental sustainability. In a speech read on his behalf by Chief Forestry Officer, Dr Freddie Siangulube, Mr Wamunyima said the tree planting project will help in the restoration of trees the country is losing at a rate of 172,00 hectares per annum due to deforestation.  

At the same event, Levy Mwanawasa Medical University’s Vice Chancellor Prof. Elwyn Chomba expressed her gratitude to ZCCM-IH and government for the initiative as it reflects commitment to a green future that the University upholds. 

The tree planting initiative is a testament to ZCCM-IH’s commitment to Zambia’s green economy agenda and our shared vision for a sustainable future.
Corporate Social Investment, ZCCM-IH

ZCCM-IH Donates to Chongwe District Hospital Maternity Ward

ZCCM Investments Holdings Plc (ZCCM-IH) has donated maternity and neonatal medical equipment and hygiene kits worth K100,000 to Chongwe District Hospital. The donation to the Hospital’s maternity ward took place on March 7th, 2025, in commemoration of International Women’s Day which falls on March 8th, 2025. 

Speaking during the handover ceremony, ZCCM-IH Chief Financial Officer, Mrs. Chilandu Sakala, said the company recognises the role that healthcare plays in the well-being of communities, and is committed to supporting initiatives that enhance quality maternal health.  

Chongwe District Health Director, Dr. Mweene Nseluke, expressed gratitude for the timely donation, noting that the donation will have a lasting impact on the community. 

Speaking at the same event, Chongwe District Hospital Medical Officer InCharge, Dr Christabel Mbiiza said the donation is a transformation of the maternity ward and will enable the hospital to offer better care and ensure safer and a more comfortable environment for both mothers and babies. 
Corporate Announcements

MARKET ANNOUNCEMENT CHANGE IN DIRECTORATE

In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the tenure of appointment as Director of Mr. Bishop John Mambo as Non-Executive Director on the ZCCM-IH Board came to an end effective 12th December 2024.

Mr Bishop John Mambo was appointed on 13 December 2021. During his tenure, he served as Non-Executive Director of the Board and was a member of the Remuneration and Investments Committee.
The ZCCM-IH Board wishes to thank Mr. Bishop John Mambo for his contribution to the Company and wishes him well in his future endeavours.

By Order of the Board
Charles Mjumphi
Company Secretary
Corporate Announcements, ZCCM-IH

DIREC TORS’ INTERIM UNAUDITED FINANCIAL RESULTS FOR ZCCM INVESTMENTS HOLDINGS PLC AND ITS SUBSIDIARIES (‘‘THE GROUP’’ ) FOR THE SIX MONTHS PERIOD ENDED 30TH JUNE 2024

INTRODUCTION
In compliance with the requirements of the “Securities Act, No. 41 of 2016 of the Laws of Zambia” and the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings PLC (“ZCCM-IH”, “ZCCM”, “the Company”, “We” or “Our”) announces the interim unaudited financial results of the Company and its Subsidiaries (colectively referred to as “the Group”) for the six months’ period ended 30th June 2024.

CHIEF EXECUTIVE OFFICER’S COMMENTARY
I am pleased to share ZCCM-IH’s financial results for the first half of 2024, which highlight several key strategic developments. A major highlight is our new partnership with Delta Mining Limited, focusing on Mopani Copper Mines Plc. Additionally, Konkola Copper Mines Plc (KCM) has successfully completed all necessary formalities, leading to Vedanta’s release of USD250 million. This marks the final step in the implementation agreement, resulting in KCM’s removal from the liquidation process. Following this, a new Board has been appointed, and Vedanta has officially taken over the operations of KCM.

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Corporate Announcements, ZCCM-IH

Trading Statement – Financial Results (Half Year Ended 30 June 2024)

In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings (“ZCCM-IH” or “the Company”) and its subsidiaries (collectively, “the Group”) wishes to inform shareholders that the Earnings per Share (EPS) for the half year ended 30 June 2024 is expected to exceed that of the half year ended 30 June 2023 by 2396%.
Based on the financial results the Group’s Earnings Per Share (EPS) stood at ZMW344.05, compared to negative ZMW 14.98 Earnings Per Share in the same period of 2023. This improvement is largely driven by a one-time gain of ZMW 42.3 billion (US$1.66 billion) following the successful Strategic Equity Partnership (SEP) with International Resources Holding RSC Ltd (“IRH”). Through its subsidiary, Delta Mining Limited, IRH invested USD1.1 billion for a 51% ownership in Mopani Copper Mines Plc. Furthermore, the settlement of USD 1.7 billion in Glencore/Carlisa loans under the Amendment, Restatement, and Consolidation Agreement (ARCA) boosted the valuation of the Mopani asset, contributing to the Group’s EPS growth.

Read More >> Here
Press Releases, ZCCM-IH, ZCCM-IH News

ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd

28th August 2024, Lusaka Zambia: ZCCM Investments Holdings PLC (ZCCM-IH) is pleased to announce that it has reached an agreement with Jinchengxin Mining Management Company Ltd (JCHX) to acquire an additional 10% shareholding at US$1 in Lubambe Copper Mines Ltd (Lubambe). This transaction will increase ZCCM-IH’s ownership in Lubambe from 20% to 30%, and upon completion, JCHX’s stake will adjust from 80% to 70%. This transaction is expected to be finalized within the next six months.


In addition to the increased shareholding of 10%, ZCCM-IH will have marketing rights to copper ore concentrate output in proportion to its shareholding. This innovative arrangement is the first of its kind within ZCCM-IH portfolio and will ensure greater value extraction from the asset. The current Shareholder’s Agreement shall be revised accordingly to include other value extraction strategies for ZCCM-IH. This move aligns with ZCCM-IH’s ongoing strategic efforts to increase its stake in key mining and energy assets within Zambia. The increased equity will strengthen ZCCM-IH’s role in the governance, management and development of Lubambe Copper Mines, ensuring greater alignment with the interests of ZCCM-IH’s shareholders and Zambia’s national interests.


JCHX intends to invest approximately US$300 million into Lubambe for operations and extension of the life of mine. The mine is currently implementing initiatives to boost productivity and operational efficiency, and this partnership between ZCCM-IH and JCHX will further support these goals.

ZCCM-IH Acquires Additional 10% Shareholding in Lubambe.cleanedDownload
Annual Report Summaries, Investee Companies

Misenge Environmental and Technical Services Limited (METS) Extract from 2023 Annual Report

Misenge Environmental and Technical Services Ltd (METS) is a subsidiary of ZCCM-IH, and its business activities is to provide a wide range of environmental, analytical, radiation safety, and engineering services. METS prides itself on being a multifaceted, full-service company with a strong record in environmental management within Zambia’s mining and mineral processing industry. Its service range includes environmental impact assessments, environmental compliance audits, mineral sample preparation, water supply and sewerage systems design, radiation safety management, and many more. The company operates with a clear vision to lead in providing its specialized services in Zambia, driven by a mission to deliver these services efficiently to maximize shareholder value .  

For the fiscal year ended December 31, 2023, METS reported a total of ZMW 14.63 million in revenue for the year ended 31st December 2023 (2022: ZMW10.61 million restated), and net loss of ZMW6.48 million (2022: profit of ZMW1.01 million restated) The company has been actively seeking to increase third-party business by participating in several bids during the year.  

There were no dividends declared during the period under review (December 2022: Nil). 
Annual Report Summaries, Investee Companies

Lubambe Copper Mines Limited Extract from 2023 Annual Report

Lubambe Copper Mine Limited (Lubambe) reported total revenue of ZMW2.52 billion (US$ 122.59 million) (2022: ZMW2.38 billion (US$139.72 million)). Over the same period, the Company recorded a loss of ZMW3.06 billion (US$ 148.86 million (2022: loss of ZMW1.83 billion loss (US$107.12 million)). Lubambe’s road to recovery was challenging due to poor ground conditions, dewatering challenges, and high ore dilution. Management changed its mining methods and mine plan following completion of the SRK technical report. In the period under review, the company implemented its 420-pump station to improve flooding and ground conditions for mining. Lubambe produced 14,984 tonnes in payable copper against a budget of 22,979 tonnes.  

Lubambe completed the US$150 million investment by Kobold which was for debt restructuring and operations of the business. This also resulted in the separation of the highly promising Extension Project into Mingomba Mining Limited (Mingomba) with ZCCM-IH still retaining 20% in both Lubambe and Mingomba. US$35 million of the funding was committed for Mingomba explorations. This has been on-going throughout the period under review. Lubambe’s existing licence has a remaining life of the mine of less than 7 years and there is need to explore new business opportunities.  

There were no dividends paid during the year (2022: Nil). 
Annual Report Summaries, Investee Companies

Consolidated Gold Company of Zambia Limited (CGCZ) Extract from 2023 Annual Report

The Consolidated Gold Company of Zambia Limited (CGCZ) represents a collaborative venture between ZCCM-IH, holding a 45% stake, and Karma Mining Services and Rural Development, with a 55% share. Established in 2020, this Special Purpose Vehicle is dedicated to establishing a central hub for gold processing and trading within Zambia.  

During the year ended 31st December 2023, the Company produced 90.6kg (2022: 50.7kg) of gold, the majority of which was sold to Zambia Gold Company. Revenue for the year ended 31st December 2023 was ZMW54.20 million (2022: ZMW 50.81 million). CGCZ recorded a loss for the year of ZMW9.44 million (2022: -ZMW8.76 million)  

Due to ongoing profitability challenges stemming from the company’s inability to control the supply of gold feedstock, the ZCCM-IH Board approved a divestiture from CGCZ. The Share Purchase Agreement and the Deed of Mutual Termination were executed during the year, awaiting the fulfilment of the condition’s precedent specified in the agreement. ZCCM-IH is set to recover its initial investment of US$1.568 million over three years. Karma has already paid an upfront fee of US$679,600.