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ZCCM-IH, ZCCM-IH News

ZCCM-IH and ZANACO sign MoU to support local SMEs’ participation in the mining supply value chain

ZCCM Investments Holdings Plc (ZCCM-IH and Zambia National Commercial Bank Plc (Zanaco) have signed a Memorandum of Understanding (MoU) aimed at fostering and providing growth opportunities that contribute to the participation of small and medium sized enterprises (SMEs) in the mining supply value chain in Zambia.

The MoU provides a framework of cooperation and collaboration between the two entities, that goes beyond identifying opportunities for increased local participation in the mining sector, to providing general corporate funding facilities availed by ZANACO.

Speaking during the signing ceremony, ZCCM-IH Board Chairperson Ms. Dolika Banda, said “this cooperation will help us identify opportunities for increased local participation in the mining sector predominantly, and this resonates with Government’s agenda of building a resilient and sustainable mining industry anchored on investments that deliver benefits to all Zambians. This agenda cannot be complete without local participation in the sector. We want to see our SMEs play a critical role in our mining value and supply chains.”

Speaking at the same function, ZANACO Board chairperson, Mr. Patrick Wanjelani said as a home-grown Bank, ZANACO believes in contributing to Zambia’s economic transformation, adding that “through this partnership, ZANACO will endeavour to provide financial support to qualifying SME’s through suitable banking products”. Mr Wanjelani further stated that the Bank will also provide capacity building through financial literacy training programmes on the products available to the mining value chain, urging local players to take advantage of this opportunity.
The agreement sets out terms that will ensure SMEs are equipped with the necessary tools, information and resources to actively participate in the industry and gain value to expand their businesses, create jobs and contribute to the social-economic development of our country.

This collaboration is aligned with the Government’s call to build and promote linkages aimed at promoting value addition in the mining sector.
Archived Tenders, ZCCM-IH

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR AN EQUITY INVESTMENT IN LIMESTONE RESOURCES LIMITED

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR AN EQUITY INVESTMENT IN LIMESTONE RESOURCES LIMITED

  1. Introduction

ZCCM Investments Holdings PLC (“ZCCM-IH” or the “Company”) is an investment holding company with significant interests in the Zambian mining industry. ZCCM-IH also has exposure to the financial services, energy and real estate sectors.
The Company has a primary listing on the Lusaka Securities Exchange, and secondary listings on the Paris Euronext and London Stock Exchanges.
The Zambian Government (GRZ) directly holds 17.25% shares in ZCCM-IH through the Ministry of Finance, and 60.28% indirectly through the Industrial Development Corporation (IDC), an investment company wholly owned by the Zambian Government. The remaining 22.47% is held by various institutional and individual shareholders. 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.

Read the full document here: Limestone Resources Limited – CALL FOR EXPRESSION OF INTEREST
Investee Companies, Investee Company News

Mopani plans to resume cobalt production as prices rise

Zambia’s Mopani Copper Mines (MCM) plans to resume cobalt production that was halted more than a decade ago after international prices collapsed, an executive at state-owned ZCCM-IH said on Tuesday.

Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year highs.

Brian Musonda, chief investment officer at ZCCM-IH, Zambia’s mining investment arm, said the rising prices were a strong economic reason to restart cobalt processing.

“Going into next year, Mopani will start to process concentrates for cobalt and our plan is to produce something between 4,000 and 5,000 tonnes per year,” Musonda told Reuters.

Mopani would later ramp up production of cobalt, which the company historically mined as a by-product of copper, Musonda added.

“We have some material sitting on the surface. It was mined already as part of the copper ores but it could not be processed because the cobalt price was too low.”

Copper production in Zambia dropped to 800,696 tonnes last year from 837,996 tonnes the year before, data obtained from the nation’s statistics agency showed in March.

Cobalt production also dropped to 247 tonnes last year from 316 tonnes a year earlier, according to the Zambia Statistics Agency.

ZCCM-IH last year agreed to buy Glencore’s majority stake in Mopani Copper Mines in a $1.5 billion deal funded by debt and said it would seek a new investor.

The sale followed Glencore’s attempt to suspend operations at Mopani due to low copper prices and Covid-19 disruptions, prompting a government threat to revoke the company’s licences.

 

Source: https://www.mining.com/web/mopani-plans-to-resume-cobalt-production-as-prices-rise/
Annual Report Summaries, Investee Companies

CEC 24th AGM – Transcript of Proceedings

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

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Annual Report Summaries, Investee Companies

CEC 24th AGM – Transcript of the Auditor’s Presentation

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

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Annual Report Summaries, Investee Companies

CEC 24th AGM – Transcript of Management Presentation on Operations and Finance

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

Download Full Transcripts
Annual Report Summaries, Investee Companies

CEC 24th AGM – Transcript of the Q and A Session

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

Download Full Transcripts
Annual Report Summaries, Investee Companies

CEC – Annual Report (2020)

The annual report is the principal official communication in the relevant period to our stakeholder groups who include our shareholders, customers, communities and business partners. It concisely and adequately summarises key outcomes covering our people, stakeholders, governance, operations and financial performance.

This report, for the period 1st January to 31st December 2020, reviews the many different aspects of our business from both a strategic and operational perspective; integrating all material aspects of the business and demonstrating sustainable value creation.

The report provides an interconnected performance review of the business, enabling an appreciation of the underpinning strategy, the reasons and the actions driving that strategy. The business model of CEC is explained to show how revenue is created as are the operations forming the heart of the business for an appreciation of the Company’s value proposition and longevity. CEC’s governance structures support the delivery of its strategic objectives, and implementation of its vision and mission. Hence, a substantial portion of the report is given to matters of governance and leadership.

The report is organized in parts, for ease of reference, starting with notable highlights, led by the our Chairman of the Board of Directors. The strategic and operational performance section opens with a message from the Managing Director and covers our people performance, health and environment, operations, social and stakeholder performance. The Chief Financial Officer’s report
leads the financial performance section of this report.

Download Full Report
Annual Report Summaries, Investee Companies

CEC – Annual Report (2021)

The annual report is the principal official communication in the relevant financial period to our stakeholder groups who include our shareholders, customers, employees, communities and business partners. It concisely and adequately summarises key outcomes covering our people, stakeholders, governance, operations and financial performance.

This report, for the period 1 January to 31 December 2021, reviews the many different aspects of our business from both a strategic and operational perspective; integrating all material aspects of the business and demonstrating sustainable value creation.

The report provides an interconnected performance review of the business, enabling an appreciation of the underpinning strategy, the reasons and the actions driving that strategy. The business model of CEC is explained to show how revenue is created as are the operations forming the heart of the business for an appreciation of the Company’s value proposition and longevity. CEC’s governance structures support the delivery of its strategic objectives, and implementation of its vision and mission. Hence, a substantial portion of the report is given to matters of governance and leadership.

The report is organized in parts, for ease of reference, starting with notable highlights, led by our Chairman of the Board of Directors. The strategic and operational performance section opens with a message from the Managing Director and covers our people performance, health and environment, operations, commercial, social and stakeholder performance. The Chief Financial Officer’s report leads the financial performance section of this report, which also details performance through the different annual financial statements.

Download Full Report
Investee Companies, Investee Company News

‘New Dawn’ Mining Policy Excites Mopani

MOPANI Copper Mines (MCM) Plc is excited with the Government’s current policy direction in the mining sector which seeks to stir growth.
MCM chief executive officer Charles Sakanya says the mining company is confident with the current mining policies being put in place by the Government that will ensure that the three million tonnes of copper per annum is achieved through sustainable growth.

Read more: http://www.times.co.zm/?p=116863