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Zambia sees 2017 copper output rising up to 850,000 tonnes

LUSAKA (Reuters) – Zambia’s 2017 copper output is expected to increase to between 800,000 and 850,000 tonnes due to stable power supply and higher copper prices from 774,290 tonnes in last year, mines minister Christopher Yaluma said on Thursday.

Zambia’s copper production is next year likely to increase further to reach 1 million tonnes, Yaluma said, citing improved power generation and higher prices.

“As we see it right now there is a good picture. We have sufficient power and the price has gone up. With the new trends, we have projected at least 800-850,000 tonne this year and next year will manage to hit a million,” Yaluma said.

Zambia in September estimated copper production to inch lower to 753,992 tonnes this year mainly due to lower output from Konkola Copper Mines, a subsidiary of London-listed Vedanta Resource.

Source: Lusaka Times
Archived Tenders

Invitation for Bids (IFB) | Retender for the Provision of Security Services to ZCCM Investments Holdings (ZCCM-IH)

ONB No.: ZCCM-IH/047/2017

  1. ZCCM Investments Holdings Plc. has received financing from own sources for the 2017/2018 Financial Year, and intends to apply part of the funds to cover eligible payments under the Contract for the Provision of Security Services to ZCCM-IH, Contract No.: ZCCM-IH/047/2017.

  2. ZCCM-IH now invites sealed bids from eligible bidders for the Provision of Security Services to ZCCM-IH as follows:
    Lot 1 – ZCCM-IH Office Park, Alick Nkhata Road, Lusaka & 30B Kudu Road, Kabulonga, Lusaka;
    Lot 2 – Investments House, Kantanta Street, Kitwe; Technical Library and Mawe House, Kalulushi;
    Lot 3 – Kabwe Offices and Laboratory, Kabwe; and
    Lot 4 – Cash In-Transit Services, Lusaka.
    The contract duration will be 12 months subject to renewal depending on satisfactory performance during the initial 12 months.

  3. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is restricted to firms registered in Zambia. The following CEEC preferential treatment shall be applied as part of the evaluation:
    3.1 Citizen-influenced company – 4%
    3.2 Citizen-empowered company – 8%
    3.3 Citizen-owned company – 12%

  4. Interested eligible bidders may obtain further information from the address below and inspect the Bidding Documents at this address from 08:00 – 13:00 and 14:00 – 17:00 local time, Monday to Friday inclusive.

  5. Qualifications requirements include:i) Experience as the main service provider in at least two (02) contracts of a similar nature and scope in the last five (05) years;
    ii) A minimum amount of liquid assets and/or credit facilities per lot as follows:
    Lot 1 – ZMW56,100.00;
    Lot 2 – ZMW188,700.00;
    Lot 3 – ZMW30,600.00; and
    Lot 4 – ZMW10,000.00
    iii) Average Annual Turnover in any of the last ten (10) years per lot as follows:
    Lot 1 – ZMW673,200.00;
    Lot 2 – ZMW2,264,400.00;
    Lot 3 – ZMW367,200.00; and
    Lot 4 – ZMW122,496.00.

  6. A complete set of Bidding Documents in English may be purchased by interested bidders ON THE SUBMISSION OF A WRITTEN APPLICATION to the address below and upon payment of a non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00). The method of payment will be Cash or Bank Certified Cheque.

  7. Bids shall be valid for a period of 90 days after Bid closing and shall be delivered to the address below at or before 10:00 hours on Thursday, 28th December 2017. Electronic bidding shall not be permitted. Late bids will be rejected. Bids will be opened physically in the presence of bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 28th December 2017. All bids must be accompanied by a Bid Securing Declaration.

  8. There will be official site visits as follows:
    Lot 1 & 4 – Lusaka; Friday, 15th December 2017. All Bidders to meet at ZCCM-IH Office Park, along Alick Nkhata Road, Lusaka at 09:00 hours;
    Lot 2.1 & 2.2 – Kalulushi; Tuesday, 12th December 2017. All bidders to meet at Catholic University in Kalulushi at 10:00 hours; and
    Lot 2.3 – Kitwe; Wednesday, 13th December 2017. All bidders to meet at Investments House along Kantanta Street in Kitwe at 10:00 hours; and
    Lot 3 – Kabwe; Monday, 11th December 2017. All bidders to meet at Kabwe Offices at 11:00 hours.

  9. The address referred to above is:
    ZCCM Investments Holdings Plc.
    ZCCM-IH Office Park
    Stand No. 16806, Alick Nkhata Road
    Mass Media Complex Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwekd@zccmnew.wpenginepowered.com
Archived Tenders

Invitation for Bids | Supply, Delivery, Installation and Commissioning of Digitisation Solution at Mining Industry Archives in Ndola

ONB No.: ZCCM-IH/056/2017

  1. ZCCM Investments Holdings Plc. has received financing from own sources for the 2017/2018 Financial Year, and intends to apply part of the funds to cover eligible payments under the Contract for the Supply, Delivery, Installation and Commissioning of Digitisation Solution at Mining Industry Archives in Ndola, Contract No.: ZCCM-IH/056/2017.
  2. ZCCM-IH now invites sealed bids from eligible bidders for the Supply, Delivery, Installation and Commissioning of Digitisation Solution at Mining Industry Archives in Ndola.
  3. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is restricted to firms registered in Zambia. The following CEEC preferential treatment shall be applied as part of the evaluation:
    3.1 Citizen-influenced company – 4%
    3.2 Citizen-empowered company – 8%
    3.3 Citizen-owned company – 12%
    3.4 Domestically manufactured goods by citizen-influenced company, citizen-empowered or citizen-owned company – 15%.
  4. Interested eligible bidders may obtain further information from the address below and inspect the Bidding Documents at this address from 08:00 – 13:00 and 14:00 – 17:00 local time, Monday to Friday inclusive.
  5. Qualifications requirements include:
    i) Experience as the main supplier in at least two (02) contracts of a similar nature and scope in the last five (05) years;
    ii) A minimum amount of liquid assets and/or credit facilities of ZMW360,000.00.
  6. A complete set of Bidding Documents in English may be purchased by interested bidders ON THE SUBMISSION OF A WRITTEN APPLICATION to the address below and upon payment of a non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00). The method of payment will be Cash or Bank Certified Cheque.
  7. Bids shall be valid for a period of 90 days after Bid closing and shall be delivered to the address below at or before 10:00 hours on Thursday, 4th January 2018. Electronic bidding shall not be permitted. Late bids will be rejected. Bids will be opened physically in the presence of bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 4th January 2018. All bids must be accompanied by a Bid Securing Declaration.
  8. There will be a pre-bid conference on Tuesday, 19th December 2017 at ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka at 10:00 hours.
  9. The address referred to above is:
    ZCCM Investments Holdings Plc.
    ZCCM-IH Office Park
    Stand No. 16806, Alick Nkhata Road
    Mass Media Complex Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwekd@zccmnew.wpenginepowered.com
Corporate Announcements

ZCCM First Cautionary – Sell-Down

The Board of ZCCM-IH (“the Board”) wishes to advise Shareholders and the market that in order to comply with the Lusaka Securities Exchange (“LuSE”) free-float requirement, the Government of the Republic of Zambia (“GRZ”) has requested ZCCM-IH to commence the process of selling 27,961,237 (17.3%) class B shares held by GRZ on its behalf.

Accordingly, pending completion of the sale of the Government’s 17.3% B Class shareholding in ZCCM-IH, shareholders are advised to exercise caution when dealing in the Company’s securities.

By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 24 November 2017

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 24 November 2017
Archived Tenders

Invitation for Bids (IFB) | Supply and delivery of various ICT Requirements

ONB No.: ZCCM-IH/068/2017

  1. ZCCM Investments Holdings Plc. (ZCCM-IH) has received financing from own sources toward the CAPEX for the 2017/2018 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Supply and Delivery of the following various ICT Requirements:

    Lot No. Description Quantity Delivery
    1 Supply and delivery of High Specification Laptop 1 6 weeks after Contract Award
    2 Supply and delivery of High Specification Desktop Computers 1 6 weeks after Contract Award
    3 Supply and delivery of Laptop Computers 20 6 weeks after Contract Award
    4 Supply and delivery of All-in-one Desktop Computers 10 6 weeks after Contract Award
    5 Supply and delivery of Work Group Printers 9 6 weeks after Contract Award
    6 Supply and delivery Multi-function Printers 9 6 weeks after Contract Award
    7 Supply and delivery of Digital Video Camera 1 6 weeks after Contract Award
    8 Supply and delivery of High Specification Digital Camera 1 6 weeks after Contract Award
    9 Supply and delivery Large Office Shredders 9 6 weeks after Contract Award
    10 Supply and delivery of 4 Tera byte Network Attached Storage 4 6 weeks after Contract Award
    11 Supply and delivery of Keyboard Video Mouse (KVM) Switches and Cables 4 6 weeks after Contract Award

  2. ZCCM-IH now invites sealed bids from eligible and qualified bidders for the Supply and Delivery of various ICT Requirements. The delivery period is no more than six (06) weeks.

  3. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is open to all bidders from Eligible Source Countries as defined in the Bidding Documents.

  4. Interested eligible bidders may obtain further information from ZCCM-IH, K D Kabwe (Mrs.), E-mail: kabwekd@zccmnew.wpenginepowered.com and inspect the Bidding Documents at the address given below from 08:00 – 13:00 and 14:00 – 17:00.

  5. Qualifications requirements include:
    i) Experience and Technical Capacity:

    • Carried out at least two (02) contracts of a similar nature and scope in the last three (03) years;

    ii) Liquidity of:

    Lot 1 – ZMW 24,000.00
    Lot 2 – ZMW 24,000.00
    Lot 3 – ZMW 192,000.00
    Lot 4 – ZMW 88,000.00
    Lot 5 – ZMW 86,400.00
    Lot 6 – ZMW 230,400.00
    Lot 7 – ZMW 44,000.00
    Lot 8 – ZMW 36,000.00
    Lot 9 – ZMW 57,600.00
    Lot 10 – ZMW 16,000.00
    Lot 11 – ZMW 16,000.00
    Lot 12 – ZMW 12,000.00

  6. A complete set of Bidding Documents in English may be purchased by interested bidders on the submission of a written Application to the address below and upon payment of a non refundable fee Zambian Kwacha Five Hundred (ZMW500.00). The method of payment will be Cash or Bank Certified Cheque.

  7. Bids must be delivered to the address below at or before 10:00 hours on 8th December 2017. Electronic bidding will not be permitted. Late bids will be rejected. Bids will be opened in the presence of the bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 8th December 2017. All bids must be accompanied by Bid Securing Declaration.

  8. The address referred to above is:
    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    Office Park, Stand No. 16806, Alick Nkhata Road
    Mass Media Complex Area,
    Lusaka, Zambia
Corporate Announcements

ZCCM-IH | Further Cautionary renewal

ZCCM Investments Holdings PLC (“ZCCM-IH”) Files a Notice of Arbitration against Kansanshi Holdings Limited and Kansanshi Mining PLC and Legal Proceedings against First Quantum Limited, FQM Finance Limited, Philip K.R. Pascall, Arthur Mathias Pascall, Clive Newall, Martin R. Rowley and Kansanshi Mining PLC.

On 26 October 2016, ZCCM-IH filed a Notice of Arbitration in London against Kansanshi Holdings Limited and Kansanshi Mining PLC. Further, on 28 October 2016, ZCCM-IH commenced Legal Proceedings in Lusaka against First Quantum Minerals Limited, FQM Finance Limited, Philip K.R. Pascall, Arthur Mathias Pascall, Clive Newall, Martin R. Rowley and Kansanshi Mining PLC for various Claims arising from transactions between Kansanshi Mining Plc and FQM Finance Limited.

Further to the Cautionary Renewal released by ZCCM-IH on 26 May 2017, regarding these matters and in compliance with the requirements of the Securities Act No 41 of 2016 and the General Obligations of Disclosure under the Continuing Obligations of the Listings Requirements of the Lusaka Securities Exchange, shareholders are informed that the matters are yet to be determined. Shareholders will be updated as the cases progress.

Shareholders of ZCCM-IH are accordingly advised to exercise caution when dealing in securities of the Company until further information is published.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Tuesday, 14th November 2017

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 1 November 2016

Corporate Announcements

ZCCM-IH | Market Announcement

Shareholders of ZCCM Investments Holdings (ZCCM-IH) and the market are advised of the following on-going developments relating to the Company.

1. The Proposed Joint Venture for the setting up of a Cement Manufacturing Company
As part of ZCCM-IH’s strategy to diversify its portfolio, the Company is progressing towards the finalising a Joint Venture partnership which will culminate into the setting up of a Cement Manufacturing Company. Shareholders will be aware that His Excellency, the President of the Republic of Zambia, Mr. Edgar C. Lungu, graced the groundbreaking ceremony on 7 July 2017, for the Cement Project in Masaiti district located in the Copperbelt province of Zambia.

ZCCM-IH intends to hold 35% of the shares while its Chinese Partner will have 65%. The planned production capacity of the Plant will be 5000 tonnes per day of Clinker with a two (2) by twenty-five (25) MW Thermal Power Plant. It is expected that the Plant will take 3 years to construct and employ over 1000 people during construction. Once completed, the plant is expected to employ about 400 people.

Commencement of construction is conditional upon financial closure.

2. Disposal of ARM & Vale’s indirect interest in Lubambe Copper Mine Ltd (Lubambe)
ZCCM-IH Plc shareholders are advised that African Rainbow Minerals (ARM) and Vale International SA (Vale) have concluded an agreement to dispose ARM and Vale’s combined 80% beneficial interest in Lubambe to EMR Capital Limited (EMR). The 80% beneficial interest in Lubambe, which is held in equal shares by ARM and Vale, includes the equity holding in Lubambe as well as loans to Lubambe. Lubambe is owned 40% by ARM and 40% by VALE, both as beneficial owners and 20% by ZCCM-IH.

The purchase consideration for the Disposal is US$97.10 million and will be settled in cash. The final amount receivable is subject to, amongst others, the following adjustments which will be finalised on completion of the Disposal:

  • Settlement of Lubambe general banking facility; and
  • Additional funding provided to Lubambe by ARM and Vale between 1 May 2017 and the completion date.

Completion of the Disposal is subject to the fulfilment of agreed conditions precedent.
EMR is a specialist resources private equity management firm with a proven investment track record spanning over 20 years. It manages investments of more than US$2 billion.

RISK WARNING
Prospective investors are urged to exercise caution in dealing in securities that, by their nature, are volatile and subject to price fluctuation.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Monday, 16th October 2017

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on Monday, 16th October 2017
ZCCM-IH News

ZCCM houses sale to take 3 years

THE sale of 16,000 houses to former Zambia Consolidated Copper Mines (ZCCM) workers will be completed in the course of three years, the ZCCM-Investment Holdings has said.

ZCCM-IH Chief Executive Officer Pius Kasolo said ZCCM-IH sold the houses to its former employees and so far 64 per cent of the units had been sold off with all the transactions concluded.

Speaking during the re-opening of the firm’s Kitwe office, which had closed, Mr Kasolo said the initial houses were 45,817 and 29,292 transactions had been completed with title deeds issued.

He said the delays had been due to legal disputes regarding certain houses, the death of former employees, and family disputes, following deceased purchasers.

“With the re-opening of this office, it is anticipated that the processing of tittles will be concluded expeditiously. ZCCM-IH is doing everything possible to resolve the transactions, as such we have come up with a programme that will see the remaining transactions concluded within three years,” he said.

Copperbelt Minister Bowman Lusambo was happy that ZCCM-IH had come up with a three-year programme to complete the transactions.

In a speech read for him by Kitwe District Commissioner Binwell Mpundu, Mr Lusambo said owning a house was an empowerment, hence the need for ZCCM-IH to expedite the process on the remaining transactions.

He said the Government was available to assist ZCCM-IH complete the process and called on former purchasers to work with the firm to complete the process.

“My ministry is anxious to see that all former employees receive their title deeds. The Government’s agenda, among others, is the economic empowerment of citizens. Certainly house ownership forms part of such empowerment,” he said.

Mineworkers Union of Zambia president Chishimba Nkole urged all former employees to visit the office and complete their transactions.

He said former employees had not made efforts to complete their transactions looking at the number of documents that were still in the hands of ZCCM-IH.

Source: Times

Corporate Announcements

ZCCM-IH | Further Cautionary Announcement

Shareholders and the market are referred to the Cautionary Announcement issued on Monday, 29th May 2017, in which they were informed of ZCCM Investment Holdings Plc (“ZCCM-IH” or “the Company”) intentions to undertake a Mandatory Offer to the Minority Shareholders of Investrust Bank Plc (“Investrust” or “the Bank”). Shareholders were further informed that Investrust and ZCCM-IH were in discussions regarding the process and timing of the Mandatory Offer.

ZCCM-IH wishes to inform shareholders and the market that the Company is in the process of obtaining the requisite regulatory approvals in order to proceed with the Mandatory Offer. Thereafter, details of the Mandatory Offer including salient dates and terms will be communicated.

In the meantime, shareholders are advised to exercise caution when dealing in the Company’s securities.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Friday, 22nd September 2017

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on Monday, 29th May 2017
Investee Company News

EMR takes over Lubambe mine

EMR Capital, an Australian mining giant has taken over operations at Lubambe Copper Mine in Chililabombwe.

EMR Capital Group Chief Executive Officer Jason Chang says the mining giant has invested 100 million U.S Dollars in taking over operations at the mine.

Mr. Jason says EMR Capital will invest a further 15 million Dollars in the next 6 to 12 months and continue to re-investing cash proceeds at the mine to expand the mine and double production.

He says EMR Capital will double copper production at Lubambe Copper Mine from its current 15,000 tonnes to about 40,000 tonnes per year.

Mr. Jason has told ZNBC News in Perth, Australia that EMR Capital will localize the company by retaining all the 1-thousand 500 plus jobs including management so that decisions of the company are made by the local management.

And Nick Bowen, the Chief Executive Officer at Lubambe Copper Mine said after looking at other African Countries, a decision was made to invest in Zambia because of its rich mineral resource and stable political environment.

Mr. Bowen said it is the first time that EMR Capital limited is investing in Africa and Zambia.

And Minister of Mines Christopher Yaluma said the take over at Lubambe copper mine is a relief to government.

He said government through ZCCM-IH endorsed the investment deal with EMR because of its enormous appetite of wanting to invest in the country’s mining sector.

Source: ZNBC