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Archived Tenders, ZCCM-IH

NOTICE OF THE BEST EVALUATED BIDDER

The Procurement Committee has since authorised award of contracts for the procurement requirements to the “best evaluated bidders” as detailed below.

It is, therefore, the intention of ZCCM-IH PLC to award stated contracts after five (5) working days from the date of display given below.

Procurement Reference Number:ZCCM-IH/074/2024
Procurement Description:Tender for the Supply and Delivery of Handheld XRF Machines to ZCCM-IH Mawe Complex in Kalulushi
Method of Procurement:Open National Bidding (ONB)
Name of Best Evaluated Bidder:Leshe Investments Limited
Address of the Best Evaluated Bidder:Plot F/50A/A/10 Kalimina Road Makeni Bonaventure, Lusaka, Zambia
Proposed Contract Price:ZMW 3,095,820.00 VAT Inclusive
 
Procurement Reference Number:ZCCM-IH/175/2023
Procurement Description:Tender for the Extension and Modification of Kabwe Laboratory Works
Method of Procurement:Open National Bidding (ONB)
Name of Best Evaluated Bidder:Retro International Zambia Limited
Address of the Best Evaluated Bidder:Plot 6282 Mapepe Road, Olympia Park, Lusaka, Zambia
Proposed Contract Price:ZMW 2,533,618.70 VAT Inclusive
Date Notification IssuedThursday,22nd August 2024
Date for End of Notification Period:Wednesday, 28th August 2024

Kindly note that this Notice does not constitute an award of contract to the bidders mentioned above. Bid acceptance and contract placement shall be in accordance with Regulation 178 and Part XIX of the Public Procurement Regulations,2022.

Bidders have the right of appeal against the proposed award in accordance with Section 100 of the Public Procurement Act No. 8 of 2020 and Regulation 241 of the Public Procurement Regulations, 2022. Furthermore, Pursuant to Section 23 of Public Procurement (Amendment) Act No.17 of 2023 any appeals shall be made within five (5) working days from the date of this notice.
Corporate Announcements, Press Releases

KCM CAUTIONARY WITHDRAWAL ANNOUNCEMENT

The Board of Directors of ZCCM Investments Holdings Plc (“ZCCM-IH”) (“the Board”) wishes to refer the shareholders and the market to the announcement dated 23 May 2019 regarding ZCCM-IH filing a petition in the High Court of Zambia (“the Court”) for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”) and the subsequent appointment of Mr Milingo Lungu as Provisional Liquidator of KCM (the “Provisional Liquidator”) by the Court.

Shareholders are hereby informed that on 25th July 2024, ZCCM-IH filed an application to withdraw the Petition in the High Court of Zambia, and the Court subsequently issued an Order withdrawing the Petition and vacating the Order of Appointment of Ms Celina Mena Nair who replaced Mr. Milingo Lungu as the Provisional Liquidator. The Shareholders are further informed that pursuant to an Order of the Court Dated 28th June 2024, wherein the High Court ordered the termination of the winding up petition forthwith, vacation of the Provisional Liquidator, Reinstatement of the Board and the Reclassification as a going concern of KCM. ZCCM-IH filed into Court on 31st July 2024 a Notice of Termination of The Winding Proceedings, Vacation of the Provisional Liquidator, Reinstatement of the Board, and Reclassification as a going concern (the “Notice”). The effect of the said Notice is that KCM is no longer in Provisional Liquidation, the Board has been reinstated and management control returned to Vedanta Resources, the majority shareholder in KCM.

Accordingly, shareholders no longer need to exercise caution when dealing with this particular matter in their securities.

By Order of the Board

Charles Mjumphi Company Secretary

Issued in Lusaka, Zambia on 19 August 2024

KCM CAUTIONARY WITHDRAWAL ANNOUNCEMENT – SENS- 15-08-24- LM (003)Download
Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

ZCCM-IH Investee Company – Maamba Collieries Ltd – Granted Exploration Licensesfor Lithium and other Minerals in Southern Province, Zambia

08th July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) is pleased to announce that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia.
MCL intends to commence exploration as soon as possible to ascertain the presence of these minerals in these licence areas.
The licenses are valid for a period of four years during which period MCL plans to carry out detailed exploration to ascertain the presence of mineable resources of the various minerals and thereafter proceed to determine the quantum of resources and reserves if applicable.
These two license areas are located approximately 100 km southwest of MCL’s coal mine in Maamba.
Lithium is part of the critical battery metals that ZCCM-IH has planned to explore for in its 2020-2026 strategic plan. As such the granting of the two licences to its investee company contributes to the strategy to diversify the company’s mineral commodity base.
Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

Vedanta ready with $250 million funding to pay KCM Creditor

Friday 5th July,2024 Lusaka. Zambia- In a significant development, Vedanta has arranged USD 250 million funding to pay KCM Creditors as per High Court decision rendered on 28 June 2024. With Vedanta Resources’ reinstatement, Konkola Copper Mines (KCM) is poised for a new era of growth and prosperity. Vedanta Resources, the Government of the Republic of Zambia (GRZ), and ZCCM Investments Holdings Plc (ZCCM-IH) are working in close collaboration to complete all steps outlined in the transaction documents.
The parties involved are demonstrating their shared commitment to KCM’s long-term viability, ensuring a secure and sustainable future for the company. This cooperation marks a significant step forward, paving the way for a brighter future for KCM, its employees, and the communities it serves. Upon successful completion of all the relevant pre-condition steps in the transaction documents, the Escrow account will be funded on or around July 8, 2024, as directed by the High Court of Zambia with USD250 million to pay small creditors. Additionally, KCM employees will receive a one-off payment of K2500, and a 20% salary increment after board reinstatement, a significant boost to their remuneration package and a major
milestone in KCM’s journey towards a brighter future. It is expected these final steps should be concluded in the latter part of this month and the actual flow of all the relevant funds will likewise flow at that time.
With the transaction nearing completion, KCM will be poised to make a profound impact
on the local community, providing benefits such as education and healthcare
programmes, economic empowerment, and sustainable livelihood initiatives, ultimately
improving the overall quality of life for the people in the operational areas. Vedanta
remains committed to caring for the community.
ZCCM-IH, ZCCM-IH News

ZCCM-IH Shareholders in ZMW243 Million Dividend Payout as the Company Recordsa ZMW4.8 billion in Company Profit

03rd July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders approved a dividend of K243 million for the 2023 financial year during the Company’s 20th Annual General Meeting (AGM) held on Friday, 28th June 2024. Of this amount, ZMW187 million Kwacha will go to the Government of the Republic of Zambia through the Industrial Development Corporation (ZMW146 million) and the Ministry of Finance and National Planning (ZMW42 million).

The approval of the dividend follows a Company profit of ZMW4.84 billion recorded for the 2023 financial year end, a 14% increase from ZMW4.26 billion profit recorded in 2022. This improved performance at Company level was largely due to the royalty income of ZMW1.2 billion received from Kansanshi Mining Plc, and improvement in performance of investee companies in 2023, among others.

At the Group level, there was a 24% increase in losses, amounting to ZMW4.7 billion for 2023, primarily due to the underperformance of Mopani Copper Mines Plc. Despite this, the Group’s total assets rose by 20%, from ZMW48.92 billion to ZMW58.46 billion, driven by the increased value of investments in associates and other current assets.

The dividends declared for the 2023 financial year mark the ninth consecutive dividend declaration by ZCCM-IH, bringing the total dividends paid to shareholders since 2015 to over ZMW1.6 billion.
    Press Releases, ZCCM-IH, ZCCM-IH News

    ZCCM-IH Shareholders in ZMW243 Million Dividend Payout as the Company Records a ZMW4.8 billion in Company Profit

    03rd July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders approved a dividend of K243 million for the 2023 financial year during the Company’s 20th Annual General Meeting (AGM) held on Friday, 28th June 2024. Of this amount, ZMW187 million Kwacha will go to the Government of the Republic of Zambia through the Industrial Development Corporation (ZMW146 million) and the Ministry of Finance and National Planning (ZMW42 million).


    The approval of the dividend follows a Company profit of ZMW4.84 billion recorded for the 2023 financial year end, a 14% increase from ZMW4.26 billion profit recorded in 2022.This improved performance at Company level was largely due to the royalty income of ZMW1.2 billion received from Kansanshi Mining Plc, and improvement in performance of investee companies in 2023, among others.


    At the Group level, there was a 24% increase in losses, amounting to ZMW4.7 billion for 2023, primarily due to the underperformance of Mopani Copper Mines Plc. Despite this, the Group’s total assets rose by 20%, from ZMW48.92 billion to ZMW58.46 billion, driven by the increased value of investments in associates and other current assets.


    The dividends declared for the 2023 financial year mark the ninth consecutive dividend declaration by ZCCM-IH, bringing the total dividends paid to shareholders since 2015 to over ZMW1.6 billion.
    Investee Companies, Investee Company News

    Successful Listing Of Zambia’s First Green Bond On The LuSE

    3th January 2024, Lusaka – We are pleased to announce the successful listing of Zambia’s debut Green Bond on the Lusaka Securities Exchange (LuSE).

    This milestone, which has been achieved through CEC’s subsidiary, CEC Renewables Ltd, will play a crucial role in driving renewable energy development in the country.

    The listing ceremony was held on 12 January 2024 at the Intercontinental Hotel in Lusaka with the Minister of Finance and National Planning, Dr. Situmbeko Musokotwane as Guest of Honour.

    Dr. Musokotwane commended the CEC Group for successfully listing the Green Bond for Zambia and contributing to the growth of the capital markets.

    Dr. Musokotwane said the initiative that has been taken by the CEC Group is indeed climate smart and will not only significantly contribute to meeting the increased energy demand arising from the anticipated expansion of the economy but will also support Government’s commitment to climate mitigation, while also focusing on building and developing key sectors of the economy such as mining, agriculture, among others.

    Also speaking at the ceremony, the CEC Group Board Chairperson, Mr. London Mwafulilwa said the Group is thrilled to be the first Company to issue a Green Bond in Zambia.

    Mr. Mwafulilwa added that the Company remains keen on actualizing its green energy generation ambitions and will seek to attain this, as it issues the remaining tranches of the $ 200 million bond. Read More