Launch of Mining Corner 360

Published On: September 02, 2025


Introducing Our Bi-Annual Magazine

Unveiling Mining Corner 360: Your Window into ZCCM-IH and Zambia’s Thriving Mining Sector

We are excited to introduce Mining Corner 360, ZCCM-IH’s bi-annual magazine that offers a unique glimpse into the world of ZCCM-IH and the mining sector. This inaugural issue marks the beginning of a new chapter in our journey to share the stories, developments, and innovations that shape our Company and the industry at large.

Through Mining Corner 360, our aim is to provide a comprehensive view of our business, highlighting the people, communities, and projects that drive our success. Our magazine will feature in-depth articles, interviews, and analysis on the latest trends and developments in the mining sector, as well as showcase our company’s commitment to sustainability, innovation, and community development.

ZCCM-IH has continued to evolve as a dynamic investment company. Over the past months, we have pushed boundaries in advancing mining projects, championed innovation in energy through our investee companies, and remained consistent in delivering value to our shareholders and partners. At the same time, our commitment to communities and sustainable development remains at the heart of everything we do.

Mining Corner 360 brings all of these elements together — from investment highlights and corporate milestones, to features on our subsidiaries, market insights, and stories that reflect the impact of our work on the ground.

We believe this magazine will become a go-to reference point for our stakeholders, capturing both the challenges and opportunities that define our journey. More importantly, it is a platform to celebrate progress, share knowledge, and strengthen the connection between ZCCM-IH and all those who walk with us.

We invite you to explore, engage, and be part of this story. We hope you enjoy reading Mining Corner 360 and look forward to sharing more insights and updates with you in future issues.

Welcome to Mining Corner 360!

Loisa Mbatha
Corporate Affairs Manager


ZCCM-IH Crosses $1billion Market Capitalisation on LuSE

Publication date: 29 Aug 2025
Yesterday, ZCCM Investments Holdings Plc (ZCCM-IH) proudly celebrated crossing the $1
Billion Market Capitalisation mark on the Lusaka Securities Exchange (LuSE).
The Guest of Honour, Hon. Paul Kabuswe, Minister of Mines and Minerals Development,
congratulated ZCCM-IH on this historic milestone. He emphasised that the achievement
reflects investor confidence, financial strength, and the enabling business environment
created by government reforms. He further reaffirmed Government’s support for ZCCM-IH,
particularly under its gold mandate, which is set to unlock even greater national value.
Board Chairperson, Mr. Phesto Musonda, highlighted that ZCCM-IH’s share price has
surged 131% in 2025, from K65 in January to K150 per share, raising market value to USD
1.02 Billion. He attributed this success to a cleaned balance sheet, consistent dividend
payouts, a diversified portfolio, and the royalty revenue model — cementing ZCCM-IH’s
place as the second most valuable company on LuSE.
CEO, Mr. Kakenenwa Muyangwa, described the milestone as “more than numbers” — a
clear signal of Zambia’s capital market maturity and depth, and a strong message to both
local and international investors that Zambia offers real opportunities.
This milestone, celebrated in partnership with LuSE and our major stakeholders, reaffirms
ZCCM-IH’s commitment to driving Zambia’s industrialisation and economic transformation
agenda.

ZCCM-IH Shareholders Receive Dividend Cheques

Publication date: 14 Aug 2025

ZCCM Investments Holdings Plc (ZCCM-IH) has handed over dividend cheques to the
Ministry of Finance and National Planning, the National Pension Scheme Authority (NAPSA),
and the Industrial Development Corporation (IDC) for the 2024 financial year.

The payouts were as follows:
Ministry of finance and National Planning – K91 million

“This dividend cheque is a testament to the Government’s commitment to advancing
sustainable economic development in Zambia,” said Minister of Finance, Hon. Situmbeko
Musokotwane.

Industrial Development Corporation – K319 million
“These earnings strengthen our capacity to drive national industrialisation,” noted IDC Group
CEO, Cornwell Muleya.

National Pension Scheme Authority – K79 million
“Our investment in ZCCM-IH continues to deliver value for our members,” said NAPSA
Finance Manager, Mr. Lekani Banda.

An additional K40 million was paid to minority shareholders holding a 7.4% stake in ZCCM-
IH. The total dividend payout follows a K40 billion profit recorded at company level for the
2024 financial year.

ZCCM-IH Board Chairperson, Mr. Phesto Musonda, attributed the company’s ability to
consistently declare dividends to its sustained resilience and profitability over the years.

Mines and Minerals Development Minister, Hon. Paul Kabuswe, underscored the mining
sector’s pivotal role in driving the economy, as demonstrated by the dividend payouts.

The 2024 dividend marks ZCCM-IH’s tenth consecutive year of rewarding shareholders,
bringing the total dividends paid since 2015 to K2.2 billion.

ZCCM-IH Further Cautionary Announcement_ Court Petition Relating to Mopani Copper Mines Plc Transact-SENS

Further to the cautionary announcement dated 26 June 2025, ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform shareholders and the investing public that, on 20 June 2025, the Company was joined as a party to a Constitutional Court matter commenced by Honourable Miles Bwalya Sampa (“the Petitioner”) against the Attorney General of the Republic of Zambia (“the Respondent”).

The Petition challenges the 2024 transaction involving Mopani Copper Mines Plc (“MCM”) and International Resources Holdings (“IRH”) on constitutional grounds. Specifically, the Petitioner contends that the transaction, executed when MCM was wholly owned by ZCCM-IH, a state-controlled entity, amounts to a disposal of a significant state asset and, as such, should have been subjected to prior approval by Parliament in accordance with Article 210 of the Constitution of Zambia (Amendment) Act No. 2 of 2016.

Among the reliefs sought, the Petitioner requests a declaration that the transaction is unconstitutional, null, and void, and seeks an order to nullify the transaction on the grounds of non-compliance with the Constitution. The Petition further argues that the form of the transaction, presented as a subscription of shares, should not override its substantive effect, which allegedly amounts to a sale or disposal of a state asset.

ZCCM-IH has been added as a party to the proceedings for purposes of responding to the claims raised. ZCCM-IH has contested the matter and contends in its response that the Mopani transaction did not fall within the realm of Article 210 of the Constitution of Zambia. The Company will provide further updates as the matter progresses, in line with its continuous disclosure obligations.

Accordingly, shareholders are advised to continue exercising caution and to seek professional advice from a licensed investment advisor when dealing in the Company’s securities until a further announcement is made.

ZCCM-IH- Further Cautionary Announcement _ Arbitration Proceedings-SENS

Confidential Arbitration Proceedings between Trafigura Pte Limited (“Trafigura”) and ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”)

Further to the cautionary announcement dated 31 March 2025 issued by ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) in relation to arbitration proceedings instituted by Trafigura Pte Limited (“Trafigura”) against the Company.

Shareholders of ZCCM-IH are advised that, pursuant to a guarantee signed by ZCCM-IH’s then CEO in favour of Trafigura on 28 July 2021 (“Guarantee”), on 24 February 2024 Trafigura filed a request for arbitration against ZCCM-IH (as respondent) brought under the London Court of International Arbitration Rules 2020. These arbitration proceedings are strictly confidential as between the parties.

The arbitration proceedings follow a demand for payment made by Trafigura on 21 November 2023 pursuant to the Guarantee. The Guarantee was signed as security for a ZMW1,663 million (US$100 million) prepayment agreement between Trafigura and Konkola Copper Mines Plc, in which ZCCM-IH is a shareholder.

ZCCM-IH is contesting the claims robustly.

The matter is yet to be determined and may be of a price sensitive nature. Shareholders will be updated as the case progresses.

Accordingly, shareholders of ZCCM-IH and members of the investing public are advised to continue exercising caution when dealing in securities of the Company until further information is published. They should obtain independent professional advice if they have any queries or concerns about any of the contents or subject matter of this announcement.

ZCCM-IH Cautionary Announcement-SENS

In accordance with the Lusaka Securities Exchange (the “LuSE”) Listings Requirements (the “Rules”), ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform its shareholders and the general public that, there is an ongoing transaction relating to the Company, the full impact of which is currently being determined, which may have an effect on the Company’s securities.

Accordingly, shareholders are advised to exercise caution and to seek professional advice from a licensed investment advisor when dealing in the Company’s securities until a full announcement is made.

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

ZCCM-IH Appointed by Government to Lead Transformation of Zambia’s Gold Sector

1st August 2025, Lusaka, Zambia: ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform shareholders and the market that the Government of the Republic of Zambia has formally mandated ZCCM-IH to take the lead in formalising, developing, and transforming the gold sector in Zambia.

This appointment marks a historic and strategic milestone in unlocking the full potential of Zambia’s gold mining industry. For decades, the gold sector has remained largely informal, characterised by limited structure, low value retention, and minimal economic benefits for surrounding communities. These informal operations have also contributed to environmental degradation and unsafe mining practices, offering little in terms of national economic returns.

The Government’s decision to entrust ZCCM-IH with this pivotal responsibility reflects a bold and forward-looking commitment to inclusive and sustainable economic growth. The initiative draws inspiration from successful models across the African continent where the formalisation of the gold sector has led to increased revenue generation, improved livelihoods, and strengthened governance.

ZCCM-IH is honoured to receive this mandate. As the designated anchor institution, ZCCM-IH will lead the implementation of a comprehensive transformation programme grounded in collaboration, sustainability, and inclusive stakeholder engagement.

Mapatizya Shines Brighter as ZCCM-IH Handover Solar Powered Projects

Publication date: 23 July 2025

Mapatizya in Zimba District is undergoing significant development thanks to solar-powered water and energy projects funded by ZCCM-Investment Holdings (ZCCM-IH). A handover ceremony was held at Mapatizya Clinic on 23rd July 2025, where key projects were unveiled, including a solar-powered borehole with a 10,000-litre tank and full water reticulation system, valued at K353,750, and solar electrification systems for the clinic, school, police post, and market, costing K364,723.45. The total investment in these initiatives is nearly K719,000.

Southern Province Deputy Permanent Secretary, Mrs. Yolanta Mutyambe Malunga, praised the projects as a shining example of how investment can transform rural communities. ZCCM-IH Board Chairperson, Mr. Phesto Musonda, emphasized the real-life impact, noting that business hours have been extended, healthcare delivery has improved, and community safety has increased.

Mapatizya Ward Councillor, Mr. Edgar Meleki, also expressed his appreciation for the ongoing support from ZCCM-IH, highlighting the positive changes in the community brought about by these long-standing CSR efforts.

TRADING STATEMENT

In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings PLC (“the Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the year ended 31 December 2024 is expected to be approximately 1077 % higher than that reported for the year ended 31 December 2023.

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