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

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

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

Statement to the public on the Company financial performance for 2015/16

INTRODUCTION

ZCCM Investments Holdings Plc (ZCCM-IH) is listed on three stock Exchanges: the Lusaka Stock Exchange (Primary listing) where it is the largest company by market capitalization and on the London Stock Exchange (Secondary Listing) and the Euronext Access in Paris, France…

FINANCIAL PERFORMANCE HIGHLIGHTS FOR 2015/16

ZCCM-IH financials are audited by competent, reputable and internationally recognised Auditors and are annually and publicly made available through print media and ZCCM-IH website. The said financials and the Reports in which they are published show no deficit. Further, all Company funds have been properly disclosed and accounted for in the said financials and its Report…

DIVIDENDS

In November 2014, ZCCM-IH declared a dividend of USD $40 million. This was the first dividend declared in the history of the Company, and the largest dividend ever declared on the Lusaka Stock Exchange…


Press Release – Results ending 31 March 2016 Detailed Release

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”) and 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 Mandatory Offer is expected to be concluded by the end of the third quarter of 2017.

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 Monday, 17th July 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 29th May 2017

A Zambian success story

The 24-year nationalisation period (1973-1997), during which Zambia’s mining industry was in government hands, has left a noteworthy legacy – a reservoir of high-level mining skills that has served the country well.

One of the crowning achievements of that era was the formation of the University of Zambia’s School of Mines in 1973, which has turned out more than 1 000 graduates in mining engineering, geology, and metallurgy and mineral processing. In addition, the nationalised mining industry under Zambia Consolidated Copper Mines (ZCCM) sent large numbers of Zambians to study at leading universities overseas – not just in mining, but in related fields too. They brought back valuable skills which helped to build a solid intellectual foundation.

“The mining skill level of Zambia improved so much that later, when the mines were re-privatised, the new owners did not need to employ many expatriates,” according to a paper, Copper Mining in Zambia – History and Future, published in the journal of the Southern African Institute of Mining and Metallurgy (June 2016).

A 2014 study by the International Council on Mining and Metals (ICMM) found that the proportion of mining expatriates in Zambia is less than 2% of the industry workforce, compared to 8% in Peru and 17% in Tanzania.

Dr. Osbert Sikazwe, Dean of the School of Mines at the University of Zambia in Lusaka, says academic standards at the institution are high. “Our lecturers have studied at overseas universities. Our graduates hold their own, both in the mining industry and when they pursue post-graduate studies at international universities.”

Graduates of the School of Mines can be found in high-level careers, both in mining and academia, in countries as diverse as Finland, South Africa and Australia. Those prominent in Zambia include Dr. Pius Kasolo, CEO of government’s investment-holding company ZCCM-IH; Emmanuel Mutati, one-time CEO of Mopani Copper Mines; and Keith Kapui, Vice-President at Konkola Copper Mines (KCM).

The skills bequeathed to Zambia by the nationalised mining industry were a good beginning, but there was still much to do because the industry had been starved of investment and innovation for so long. Mining had moved on. The level of technology now coming on stream worldwide – and the higher level of skills needed to operate it – was at a whole different level.

So from 1997 onwards, the new investors in Zambia’s rundown mines poured billions of dollars into expansion, upgrading the technological base and starting new greenfield projects. As a natural consequence, they upgraded the skill base of the industry too. This was done very strategically, and has formed part of an ongoing process which continues to this day.

For example, Barrick Lumwana spends more than $100 000 a year on some 400 school and tertiary scholarships. Since 2007, KCM has offered around 500 scholarships, at school and university level, and has sent many students to top universities in Australia, India, Namibia and South Africa. Since 2005, First Quantum Minerals (FQM) has spent more than $50 million on a broad basket of initiatives which include scholarships, apprenticeships, and the construction and funding of trade schools.

“The focus on skills is a response to the growing sophistication of mining”
And in a bold initiative to train miners at the highest level, Mopani recently opened a $20-million technical training centre in Mufulira. It features world-class technology, including simulators, and will eventually receive students not just from other Zambian mines, but from other countries too. “You can’t just teach miners to pass exams,” says Lourens de Klerk, who heads the centre. “You also need practical, hands-on training where people learn to identify faults and handle unexpected situations. It is this which makes our school unique, even by international standards.”

The Zambian mining industry’s focus on skills is primarily a response to the rapidly advancing technological sophistication of the global industry. Like their international competitors, Zambia’s mines operate some of the world’s most sophisticated – and expensive – machinery and equipment. At FQM’s Sentinel Mine, for example, drivers learn to operate multimillion-dollar, 300-tonne haul trucks in state-of-the-art simulators which are able to mimic all kinds of weather, scenarios and driving conditions.

The growing technological sophistication of mining is one of the first things university graduates encounter. Dr. Sikazwe of the School of Mines explains: “While the intellectual base of our graduates is solid because of the quality of the teaching, they have to spend time on the job learning about the latest mining technology because they haven’t always been exposed to it. We would love to see more students accepted on internships before they graduate.”

Copperbelt University (CBU), in Kitwe, also has a School of Mines and Mineral Sciences, which was established in 2010. It offers not just degree courses, but also diploma programmes in areas such as mine ventilation, surveying and chemical technology.

Perhaps the biggest challenge facing local universities is that they depend on a cash-strapped Zambian government for funding. While this has less of an effect on the quality of teaching, it does affect the standard of laboratory equipment and technology – as well as the infrastructure, much of which is in need of refurbishment.

Outside help is always appreciated. The Dutch government recently funded a new boardroom at the School of Mines in Lusaka, as well as two scholarships at the University of the Witwatersrand in South Africa. Mines such as FQM, Mopani and KCM have financed library facilities, donated books, refurbished rundown infrastructure, sponsored student awards and accepted students on internships. Kagem Mining recently provided full scholarships to two geology undergraduate students, while Barrick Lumwana has been providing one scholarship a year to study mining engineering at Master’s level.

More than 40 years after the first wave of Zambia’s mining engineering students started graduating, the industry’s skill base has grown steadily. Today, it is one of the country’s competitive strengths. The challenges facing Zambia’s mining sector are well documented, but a lack of homegrown skills is not one of them.


Source:

ZCCM-IH To Scale-up its “Clean Water for Zambia” CSR Project

ZCCM Investments Holdings Plc (ZCCM-IH) will continue with the “Clean Water for Zambia” project this year by sinking 18 boreholes in remote areas of the country at a total cost of K1.2 million.

ZCCM-IH owes its continued existence, to the mining industry, where, at the moment, virtually all of its investments are held. As an investment company, majority-owned by Government on behalf of the Zambian people, we believe that our corporate social responsibility (CSR) activities are expected to spurn the entire country.

ZCCM-IH embarked on the “Clean Water for Zambia” project in 2016, focused on sinking a number of boreholes as its core sustainable social corporate investment. The boreholes were earmarked for remote areas of the country with little or no access to clean and safe water. So far, ZCCM-IH sunk two boreholes in Sinda District in two separate communities with approximately eight thousand community members in total.

With access to clean and safe drinking water, water borne diseases subside and living standards improve, among others. Safe and clean water will also greatly improve the health of mothers, infants and children and consequently reduce the maternal neonatal mortality rate in Zambia. There is also a visible correlation between improvement of girls’ education and access to safe clean water as well as the empowerment of women.

Women and girls move long distances to fetch water and end up using a lot of hours in a day on this activity when they could otherwise be engaged in other social economic activities that would improve their livelihoods such as income generating ventures or education.

This project is aimed at contributing to targets under the Sustainable Development Goal (SDG) number six which aims at “Ensuring access to water and sanitation for all”. Statistics indicate that more than one third of Zambia’s population does not have access to clean water.

Misenge constructs Chibalashi Dam in Mansa

The construction of Chibalashi Earth Dam at Chibalashi in Mansa District, Luapula Province at a total cost of about K7.4 million was undertaken by Misenge Environmental and Technical Services Ltd (METS).

Completed in January 2017, the project which was financed by the Zambian Government from a World Bank loan, was awarded to Intergrity Enterprises Limited, of Kabwe, by the Ministry of Water Development, Sanitation and Environmental Protection.

Intergrity subsequently subcontracted METS in 2016 to construct and manage the project in five months with the official contract commencement date of 8th July 2016 and the defects liability period of 12 months.

The scope of works included among other things; site clearing, river diversion works, excavation works for the core trench, the construction of dam embankments, excavation and construction of spillways with their associated structures, irrigation intake structures and canals and laying the low flow pipe.

Due to unfavourable weather conditions the contract was extended for 45 days and the project was finally completed on 17th January 2017.

The construction of Chibalashi dam will significantly boost agriculture and fisheries activities in the area throughout the year.

About Misenge

Misenge Environmental and Technical Services Ltd (METS) is a former Environment Department of the ZCCM Investments Holdings Plc (ZCCM-IH). Following the privatization of ZCCM Ltd and the transformation of the Company into ZCCM-IH the ZCCM Ltd Group Environmental Services (GES) was transformed into an Environmental Department.

In 2012, ZCCM-IH decided to transform the Department into a subsidiary Company – Misenge Environmental and Technical Services Ltd (METS).

METs offers the following services: environmental consultancy, radiation and safety Management, analytical services and engineering services.


METS – Constructs Chibalashi Dam in Mansa

Invitation for Bids | Renovation Works to ZCCM-IH Properties in Lusaka, Ndola, Kitwe and Kalulushi

  1. ZCCM Investments Holdings Plc. 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 Renovation Works to ZCCM-IH Properties in Lusaka, Ndola, Kitwe and Kalulushi, Contract No.: ZCCM-IH/019/2017.
  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Renovation Works to ZCCM-IH Properties in Lusaka, Ndola, Kitwe and Kalulushi as follows:Lot 1 – ZCCM-IH Office Park, Alick Nkhata Road & 30B Kudu Road, Kabulonga in Lusaka (Duration – 12 weeks);
    Lot 2 – Former Oils Conditioning Monitoring Laboratory in Kalulushi (Duration – 12 weeks);
    Lot 3 – Investments House, Kantanta Street in Kitwe (Duration – 10 weeks); and
    Lot 4 – Mining Industry Archives, Arusha Street in Ndola (Duration – 12 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. 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 a prime contractor in the rehabilitation of 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 as follows:
    Lot 1 – ZMW986,110.00;

    Lot 2 – ZMW533,516.00;

    Lot 3 – ZMW654,890.00;

    Lot 4 – ZMW533,258.00.

    iii) Average Annual Turnover for the past three (03) years as follows:
    Lot 1 – ZMW12,819,440.00;

    Lot 2 – ZMW6,935,709.00;

    Lot 3 – ZMW8,513,579.00;

    Lot 4 – ZMW6,932,357.00.

  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 either by Cash or Bank Certified Cheque.
  7. The address referred to above is:
    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    ZCCM-IH Office Park, Stand No. 16806
    Alick Nkhata Road, Mass Media Area
    Lusaka, Zambia
    Tel: +260-211-228833
    E-mail: kabwekd@zccmnew.wpenginepowered.com
  8. Bids must be delivered to the address below at or before 10:00 hours on Thursday, 27th July 2017. Electronic bidding shall not be permitted. Late bids will be rejected. Bids will be opened physically in the presence of the bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 27th July 2017. All bids must be accompanied by a Bid Securing Declaration.
  9. There will be official site visits as follows:
    Lot 1
    Date: Monday, 10th July 2017
    Time: 10:00 hours
    Place: ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Area, LusakaLot 2
    Date: Wednesday, 12th July 2017
    Time: 10:00 hours
    Place: ZCCM-IH, Technical Directorate, Kalulushi.

    Lot 3
    Date: Thursday, 13th July 2017
    Time: 10:00 hours
    Place: ZCCM-IH, Investments House, Kitwe.

    Lot 4
    Date: Friday, 14th July 2017
    Time: 11:00 hours
    Place: ZCCM-IH, Mining Industry Archives, Arusha Street, Ndola.

  10. The address referred to in clause 8 is:
    K D Kabwe (Mrs.)
    ZCCM Investments Holdings Plc.
    ZCCM-IH Office Park, Stand No. 16806
    Alick Nkhata Road, Mass Media Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwekd@zccmnew.wpenginepowered.com