ZCCM-IH

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ZCCM IH to focus on mining in new strategic plan

After two years of executing a 5-year strategic plan, ZCCM IH’s board has made the bold decision to change its strategic course towards a more impactful undertaking that will see the investment group focus on mining, according to the Board Chairperson in his message to shareholders.

“Two years into our 2018-2023 Strategic Plan we have undertaken further strategic introspection which culminated into a strategic revision process. This led to the development of a new strategic plan as it became imperative that the change in strategic focus required a complete overhaul of the 2018-2023 strategic plan”, read an extract from Chairman Eric Silwamba from the new Strategic Plan which was recently released in January 2021. “This was necessitated by the changing business environment that calls for us to remain impactful, maximize shareholder value and drive growth largely in the mining industry in which we are deeply associated as an entity”.

According to CEO Mabvuto Chipata, “this new strategic plan (the”2020-2026 Strategic Plan” or the “Strategic Plan”) has been motivated by the need for ZCCM-IH to re-focus its investments in mining and the mining value chain”.

It is this strategic intent that led to the acquisition of a majority stake and retain ownership of Mopani Copper Mines in which the investment group had until recently been a minority shareholder. This is in line with the executive summary of the strategic report that states “focus for ZCCM-IH in this new strategic plan is directed to mining and mining-related investments, and emphasises the need for ZCCM-IH to drive the development and growth of the mining sector in Zambia”.

Much as it normally pays to have a small chunk of a larger cake than a large chunk of small one, ZCCM IH is also positioning itself to address the inequities that come with being a minority shareholder. The Achilles heel of being a minority shareholder resulted in the investment group having limited ability to influence operational and strategic direction for investees. What this means is that representation in these companies is not impactful as it does not constitute a sizable vote when it comes to decisions being made that influence return on investment. In short, Board representatives can make statements, but majority rule dictates the level of anxiety for pursing shareholder interests. Therefore, the remedy to this is majority or significant minority shareholding.

 

Source : http://fizambia.com/?p=9885
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REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR THE APPOINTMENT OF AN AGENT FOR THE PROVISION OF PROPERTY MANAGEMENT SERVICES AT VILLAGE VILLA’S ROMA PARK, LUSAKA

  1. INTRODUCTION
    ZCCM Investments Holdings Plc is an investment holding company that has a primary listing on the Lusaka Securities Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges. The Company has the majority of its investments held in the copper mining sector of Zambia. ZCCM-IH’s majority shareholders are the Industrial Development Corporation (IDC) with 60.3%, Government of the Republic of Zambia (GRZ) with 17.3% shareholding, National Pensions Scheme Authority (NAPSA) with 15%, and other shareholders with 7.4%.
  2. BACKGROUND
    The property being considered for Management consists of 12 fully furnished double-story villas, a gym, laundry house, twelve private swimming pools (for each villa), and a guardhouse. The property is currently tenanted on one to three-year leases by individuals and institutions. The land where the property is built is held under a leasehold for unexpired residue of 99 years in favor of ZCCM-IH Plc.
  3. OBJECTIVE OF THE ASSIGNMENT
    The objective of this assignment is to procure the services of an agency/company for the provision of property management services and sourcing of tenants at ZCCM-IH’s Village Villas, Roma Park property. The basic property management services include; recurring maintenance activities such as electrical works, plumbing, mechanical and construction maintenance, and tenant requests and inquiries.
    Page 2 of 3
    Tenant sourcing for vacant apartment spaces will also serve as part of the objective. The agency will be given three (3) months from the point of vacancy to source and place a new tenant in the available units before it is placed on the open market for other real estate agencies to fulfill. ZCCM-IH will still retain the right to approve or reject any potential tenant application submitted to them by the agency as well as retaining the right to source its own tenants for available units.
  4. SCOPE OF WORKS
    The scope of works shall include:

    i. To ensure that an appropriate lease agreement is put in place between the Landlord and Tenants, including payment account details and dates;
    ii. To ensure that all tenants comply with all the terms of tenancy as set out in the lease agreement including, and especially, rental payment;
    iii. To ensure that the property is kept and remains in a tenantable condition throughout the duration of the lease. This will be accomplished by regularly inspecting the property and ensuring that tenants do not do anything that leads to the deterioration in the condition of the property;
    iv. To initiate and supervise routine and ad hoc maintenance;
    v. To ensure security is maintained by the security providers;
    vi. To advise the landlord about any changes that may be required to improve the performance of the property;
    vii. To perform any other duties that may be required from time to time in ensuring the proper management of the property;
    viii. To implement maid, horticulture, solid waste, and swimming pool services;
    ix. To ensure that voids are kept to a minimum or eliminated altogether
    x. To ensure and reconcile rentals remitted to ZCCM-IH Account by tenants;
    xi. To ensure monthly reports are submitted to the ZCCM-IH Property Manager;
    xii. To source and procure new tenants to fulfill apartment vacancies on short or long term leases (subject to the application approval of ZCCM-IH).

    ZCCM-IH now wishes to engage a Property Manager for the provision of property Management Services and sourcing of tenants at ZCCM-IH’s Village
    Page 3 of 3
    Villas, Roma Park property. The basic property management services include recurring maintenance activities such as electrical works, plumbing, mechanical and construction maintenance, and tenant requests and inquiries.
    ZCCM Investments Holdings now invites eligible firms to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.).
    Interested firms may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.
    The ZCCM-IH Property Manager will be selected using Quality Cost Based Selection (QCBS) method. Interested consultants must submit interested firms must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday 24th February 2021 at or before 10:00hrs local time.

    Procurement Manager
    ZCCM Investments Holdings Plc
    ZCCM-IH Office Park
    Stand No. 16806, Alick Nkhata Road
    Mass Media Complex Area
    P.O. Box 30048
    Lusaka.
    Email: kabwek@zccmnew.wpenginepowered.com

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    REQUEST FOR EOI FOR THE APPOINTMENT OF AN AGENT FOR THE PROVISION OF PROPERTY MANAGEMENT SERVICES AT VILLAGE VILLA'S ROMA PARK

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Procurement Temp advertisement


JOB ADVERTISEMENT

Zambia Gold Company Limited (Zambia Gold) was incorporated on 10 January 2020. Zambia Gold (the ‘Company’) is co-owned by ZCCM Investments Holdings Plc with a 51% stake and the Ministry of Finance owning the remaining 49% stake. Zambia Gold is mandated to lead the development of the gold sector in Zambia by undertaking commercial activities for the benefit of all stakeholders.

The Company invites applications from suitably qualified and experienced individuals who are innovative, energetic, and performance-driven to fill the following temporal position:

Procurement Officer X 1
Location: Lusaka
Department: Procurement
Report to: Project Manager
Duration: 6 months

  1. Job Purpose
    To effectively assist in undertaking and managing the procurement of goods/services/works in order to ensure their timely provision; undertake contract management; ensure smooth operations; and compliance with the Public Procurement Act, 2008 and its Regulations.
  2. Duties
    i. Assist to develop and implement the procurement plan to ensure all requirements for all user departments/directorates are captured in a timely and holistic manner.
    ii. To provide support towards Continuously training (on the job) implementers in the preparation of terms of reference, specifications, and proactive follow-up of these inputs in the bidding processes;
    iii. Prepare bidding documents based on acceptable bidding standards;
    iv. Ensure all prior review requirements such as obtaining the No Objections from ZPPA are compiled within a timely manner;
    v. Ensure that all the due tendering processes are adhered to: sufficient publications, strict adherence to deadlines, transparency in communications with bidders, the publication of bid results, etc.;
    vi. Ensure acceptable record-keeping in procurement with at least a complete procurement file for each procurement from start to contract finalization.
    vii. Maintain all procurement records in a form appropriate for regular auditing and spot checks by relevant checkers;
    viii. Assist in the contracting process, including ensuring that Evaluation Committees have people with appropriate expertise;
    ix. Assist to monitor implementation of contracts: progress report status on a weekly and monthly basis; and intervene to address problem upon request by the Project Manager;
    x. Ensure that goods and services financed have been procured in accordance with the Zambia Public Procurement Act;
    xi. Prepare quarterly reports of progress with implementation of the Procurement Plan, and regularly inform the Project Manager of challenges and make proposals to overcome bottlenecks;
    xii. Ensure that all procured goods are receipted and maintained using the approved store documentation.
  3.  Qualifications and experience
    i. Full Grade 12 Certificate / 5 ‘O’ Levels.
    ii. Graduate Diploma in Purchasing and Supply (CIPS) Level or Degree in Purchasing and Supply.
    iii. Four years’ experience in a high demanding busy industry.
    iv. Member of the Zambia Institute of Purchasing and Supply (ZIPS)
    v. Communication Skills:
    vi. Written Skills – Able to write comprehensive reports
    vii. Oral Skills – Able to communicate effectively in English
    viii. Other Skills/Attributes – Computer literate, effective negotiation skills

Zambia Gold Company Limited provides equal employment opportunities to all Zambians on merit without discrimination on the basis of age, gender, color, tribe, disability, or religion.

Interested, suitably qualified, and experienced persons should send their application together with certified copies of Academic and Professional certificates; a detailed Curriculum Vitae with traceable references and a copy of the NRC should reach the undersigned not later than Wednesday, 17th February 2021.

Only shortlisted candidates will be contacted.

Head – Human Resources and Administration
Zambia Gold Company Limited
Subdivision F/377a/30/B
Kudu Road, Kabulonga
LUSAKA

Email: jobs@zccmnew.wpenginepowered.com

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SP ZCCM Abridged 2020-2026

Executive Summary

Overview

Our vision for the next six years is to transform ZCCM-IH into a competitive world-class mining investment holding company that takes into account the interests of Zambians and all stakeholders. The focus for ZCCM-IH in this new strategic plan is directed to mining and mining-related investments and emphasizes the need for ZCCM-IH to drive the development and growth of the mining sector in Zambia.

This new strategic plan continues to reinforce our collective values to operate in a business environment where innovation is cultivated and ensures that our systems and resources are strong enough to be a much bigger player in mining investment. We have revised our Vision to challenge ourselves to excel in ensuring high-quality investments (with a significant socio-economic impact. Over the past two years of implementing our 2018-2023 strategic plan, we made some notable achievements which include the following:

1. Consistent dividend pay-outs to shareholders;
2. Portfolio Return above the set benchmark;
3. Increased shareholding in CEC Plc;
4. Diversified into Manganese exploration and mining through Kabundi Resources Ltd;
5. Increased to 100% shareholding in Kariba Minerals Limited;
6. Recapitalisation of Investrust Bank Plc through the injection of ZMW286 million as Tier 1 Capital;
7. Began implementation of the mandate to develop the gold sub-sector in the country;
8. Commenced discussions with our partners in the mining companies for the introduction of a more reliable and predictable revenue stream in form of royalties, metal streams, and management fees; and,
9. Implementation of a new performance management system.

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SP ZCCM Abridged 2020-2026

Archived Tenders, ZCCM-IH

Cancellation – Request for Expressions of Interest (EOI) for the Valuation of Limestone Resources Limited – Tender No.: ZCCM-IH/010/2021

  1. This serves to inform all Prospective Consultants on the Cancellation of the Request for Expressions of Interest (EOI) for the Valuation of Limestone Resources Limited – Tender No.: ZCCM-IH/010/2021
  2. In accordance with the Public Procurement Regulations (PPR No.63 of 2011) Section 24 Sub Section 1, (A procuring entity shall avoid the cancellation of procurement proceedings whenever possible, but cancellation may be approved by the approvals authority where:(c) There is a significant change in the required technical details, Bidding Conditions, conditions of the contract or other details, such that the recommencement of the procurement proceedings is necessary.

K D Kabwe (Mrs.)
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: kabwek@zccmnew.wpenginepowered.com;

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Tender Cancellation- Expressions of Interest Limestone Resources

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CONSULTANT URGES GOVT TO TAKE UP SHARES IN PRIVATE MINES

A business consultant has advised government to take up shares in mines that are still in private hands.

Mr. Thomas Shikulu said the country has been lagging behind in terms of revenue collection from the mining sector and needs a pragmatic approach in which the mining sector is to be dealt with.

“We have also seen a change in the previous years…mining companies in the Copperbelt would also invest in a number of public goods like construction of roads, schools and hospitals; but with the mining companies of today this has gone down,”

Mr. Shikulu.

He added that this has led to low revenue collection for government which is supposed to use to invest in those particular goods.

The consultant further said government can increase stake in the mining sector which will lead to more decision making and increase their voice on board meetings, as they will encourage the sector to invest more in public goods.

Mr. shikulu explained that the strain on the government resource base will be reduced drastically and in turn fill up more resources for government to invest in other priority areas.

Meanwhile, business consultant Mubamba Sichilongo said the 90 percent sell by Glencore to ZCCM now has 100 percent ownership of Mopani Copper Mines.

“Would this be able to generate more revenue for the country from the mining sector? Perhaps before that, the question we need to ask is do we have sufficient capacity in terms of re-investment in the mines to reap the desired benefits,”

Mr. Sichilongo.

The consultant said a balance needs to be found to what extent foreign investors should be allowed to have their own shares.

 

Source : https://lusakastar.com/business/consultant-urges-govt-to-take-up-shares-in-private-mines
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RETENDER – Invitation for Bids – Supply and Delivery of Various ICT Requirements – 26th January 202

RE – TENDER

Supply and Delivery of Various ICT Requirements

ONB No.: ZCCM-IH/009/2021

  1. ZCCM Investments Holdings Plc. (ZCCM-IH) has received financing from own sources toward CAPEX for the 2021 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, Delivery and Installation of High-End Servers; 04 6 weeks after Contract Award
2. Supply, Installation and Configuration of SAN Storage; 02 6 weeks after Contract Award
3. Supply, Installation and Configuration of 24 Port SAN Switch; 02 6 weeks after Contract Award
4. Supply, Installation and Configuration of 24 Port PoE CISCO Switches. 05 6 weeks after Contract Award
5. Supply and Delivery of CISCO 2900 Series Routers; 04 6 weeks after Contract Award
6. Supply and Delivery of Laptops; 45 6 weeks after Contract Award
7. Supply and Installation of Incident Management Software; 01 6 weeks after Contract Award
8. Supply and Installation of Local Area Network and Power Back Up Solution 01 6 weeks after Contract Award
9 Supply and Installation of Microsoft Office 365 Licenses and   Operating Systems  01 6 weeks after Contract Award
10 Supply and Delivery of Printer Toner; 40 6 weeks after Award
11 COBIT Framework Training; 05 4 Days
12 Power Backup Maintenance Services. 04 12 Months
  1. 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.
  2. 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.
  3. Interested eligible bidders may obtain further information from ZCCM-IH, K D Kabwe (Mrs.), E-mail: kabwek@zccmnew.wpenginepowered.com and inspect the Bidding Documents at the address given below from 08:00 – 13:00 and 14:00 – 17:00.
  4. Qualifications requirements include:
  5. i) Experience and Technical Capacity:
  • Carried out at least two (02) contracts of a similar nature and scope in the last five (05) years;
  1. ii) Liquidity of:

Lot 1 – ZMW 1,600,000.00
Lot 2 – ZMW 640,000.00
Lot 3 – ZMW 144,000.00  
Lot 4 – ZMW 88,000.00
Lot 5 – ZMW 28,800.00
Lot 6 – ZMW 900,000.00
Lot 7 – ZMW 67,200.00
Lot 8 – ZMW 120,000.00
Lot 9 – ZMW 360,000.00
Lot 10 – ZMW 116,800.00
Lot 11 – ZMW 80,000.00
Lot 12 – ZMW 112,000.00

  1. 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.

Please note that all Bidders that had paid the Non-Refundable fee of ZMW 500.00 to Zambia Public Procurement Authority (ZPPA) will   need to come through to the ZCCM-IH Office and present the receipt as confirmation of having purchased the Tender Document.

  1. Due to the COVID-19 pandemic, ZCCM-IH is requesting all potential bidders to deposit the non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00) stated in item 6 above into the following ZCCM-IH Account:

BANK: STANDARD CHARTERED BANK
BRANCH: Main Branch
ACCOUNT NAME: ZCCM INVESTMENTS HOLDINGS PLC
ACCOUNT NUMBER: 0100110001501
Currency: ZMW or USD equivalent.

  1. Bids must be delivered to the address below at or before 10:00 hours on 12th February 2021 (2 Weeks Bidding Period). 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 12th February 2021. All bids must be accompanied by a Bid Securing Declaration.
  2. 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 Complex Area,
Lusaka, Zambia

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RETENDER - Invitation for Bids - Supply and Delivery of Various ICT Requirements - 26th January 2021

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Invitation for Bids – Common Lease Holds

Retender – Provision of Common Leasehold Certificates of Title Deeds and Survey Diagrams for ZCCM-IH Property Assets in Lusaka, Kabwe, Chililabombwe, Mufulira and Chambishi
ONB No.: ZCCM-IH/092/2020

  1. ZCCM Investments Holdings Plc. has received financing from its own sources toward the CAPEX for the 2021 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Provision of Common Leasehold Certificates of Title Deeds and Survey Diagrams for ZCCM-IH Property Assets in Lusaka, Kabwe, Chililabombwe, Mufulira, and Chambishi; Contract No.: ZCCM-IH/092/2020.
  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Provision of Common Leasehold Certificates of Title Deeds and Survey Diagrams for ZCCM-IH Property Assets in Lusaka, Kabwe, Chililabombwe, Mufulira, and Chambishi:

          Lot 1 – Provision of Architectural Services to Provide Common Leasehold Certificates of Title Deeds (Duration – 4 months)
          Lot 2 – Provision of Survey Works for Stand-Alone Properties (Duration – 4 months)

  1. 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%

  1. 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.
  2. Qualifications requirements include:
    1. Experience as a prime land surveyor in at least two (02) contracts of a similar nature and scope in the last five (05) years across commercial, retail, and residential markets.
    2. Experience as a prime contractor creating common leaseholds in the property industry in at least two (02) contracts of a similar nature and scope in the last five (05) years across commercial, retail, and residential markets;
    3. A minimum amount of liquid assets and/or credit facilities as follows:
      Lot 1 – ZMW 484,100; and
      Lot 2 – ZMW 383,850.
    4. Average Annual Turnover for the past three (03) years as follows:
      Lot 1 – ZMW 6,293,300.00; and
      Lot 2 – ZMW 4,990,050.00;
  1. 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). Bidders are encouraged to request, in writing, a soft copy of the Bidding Document.
  2. Due to the COVID-19 pandemic, ZCCM-IH is requesting all potential bidders to deposit the non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00) stated in item 6 above into the following ZCCM-IH Account:

BANK: STANDARD CHARTERED BANK
BRANCH: Main Branch
ACCOUNT NAME: ZCCM INVESTMENTS HOLDINGS PLC
ACCOUNT NUMBER: 0100110001501

Currency: ZMW or USD equivalent.

  1. Bids must be delivered to the address below at or before 10:00 hours on Tuesday, 23rd February 2021. 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 23rd February 2021.  All bids must be accompanied by a Bid Securing Declaration.
  2. 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 Complex Area
Lusaka, Zambia
Tel: +260-211-388000

E-mail: kabwek@zccmnew.wpenginepowered.com; and temboc@zccmnew.wpenginepowered.com

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Invitation for Bids - Common Lease Holds

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REQUEST FOR EOI FOR THE APPOINTMENT OF THE TRANSACTION ADVISORY TEAM FOR THE EURONEXT LISTING UPGRADE

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR THE APPOINTMENT OF THE TRANSACTION ADVISORY TEAM FOR THE EURONEXT LISTING UPGRADE – TENDER NO.: ZCCM-IH/004/2021

  1. INTRODUCTION

ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) is an investment holding company with diversified interests in mining, energy, property and other sectors of the Zambian economy.

The Zambian Government (“GRZ”) directly holds 17.25% of the shares in ZCCM-IH and 60.28% indirectly through Industrial Development Corporation (“IDC”), an investment company wholly owned by the Zambian Government. With the remaining 22.47% being held by institutions and individuals. The geographical spread of the minority shareholders, who number around 3,000, covers Europe, Africa, the Caribbean, Australia, Asia and the USA.

  1. BACKGROUND

ZCCM-IH is currently listed on the following three (3) stock exchanges:

    1. A primary listing on the Lusaka Securities Exchange (“LuSE”), having listed on 24 January 1996;
    2. A secondary listing on the London Stock Exchange (“LSE”), having listed on 29 June 1970; and
    3. A secondary listing on Euronext, Paris, having listed in October 1970.

The Company’s shares are split across the three (3) exchanges as follows:

Description Total Shares %
Euronext 10 619 577 6.60
LuSE 52 961 346 32.94
LSE 218 090 0.14
GRZ – Class A Shares 96 926 669 60.23
Reconciling Balance (1 512)  
Totals 160 800 286 100.00

Majority of the listed ZCCM-IH shares are listed on the LuSE, however, significant share trading activity takes place on the Euronext. Currently, ZCCM-IH share activity on all 3 exchanges has been plagued with illiquidity and a decreasing or stagnant stock price despite a positive turnaround in the Company’s earnings.

In an effort to restructure ZCCM-IH’s stock exchange listings to enhance shareholder value, increase its visibility in the stock markets and thereby trading activity on its secondary exchange listings, the Board of ZCCM-IH approved the upgrading of the listing of the ZCCM-IH shares on the Euronext Stock Exchange from the Access tier to the Growth tier (“the Transaction”).

Therefore, ZCCM-IH requires the services of an Advisory firm to successfully upgrade its listing on Euronext Access to Euronext Growth.

  1. Objective of the assignment

The Transaction Advisory Firm’s key objectives will be to:

    1. To advise on the listing upgrade methodology; and
    2. To actualize the listing upgrade in a manner consistent with all applicable rules and regulations.

ZCCM-IH now wishes to engage a Consulting firm for the Euronext Listing Upgrade.

ZCCM-IH now invites eligible consultants to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.)

Interested consultants may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.

A consultant will be selected using Quality Cost Based Selection (QCBS) method. Interested consultants must submit Interested firms must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday 10th February 2021.

Procurement Manager
ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P.O. Box 30048
Lusaka.

Email: kabwek@zccmnew.wpenginepowered.com

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Invitation for Bids - Transaction Advisory Team for Euronext Listing Upgrade

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Zambia: Global Copper Recovery to Lift Zambia’s Economy

Lusaka, Zambia — A RALLY in the price of copper globally is a major boost for Zambia in its efforts to revive the economy impacted by the coronavirus (COVID-19) and drought.

The sharp recovery in the price of the commodity has been on the back of United States policy expectations as the new administration of president-elect, Joe Biden, assumes office.

The administration has announced an aggressive fiscal stimulus package.

Copper prices are up to more than US$7,95 per tonne, having already gained 2,42 percent for the year.

Rand Merchant Bank (RMB) concurred with market sentiments that prices were expected to climb with potential scenarios similar to the global financial crisis where prices climbed to over $9 000/tonne.

“Such moves would greatly benefit environments like Zambia that need to beef up their reserve base as part of their economic recovery plan targets,” RMB experts, Daniel Kavishe and Neville Mandimika, stated.

Zambia is Africa’s second-largest producer of copper, after the Democratic Republic of Congo.

In 2020, it produced more than 646 000 tonnes of the metal in the first nine months of 2020, up from 590,321 tonnes in the same period last year

Copper mining is central to the economic prospects for the Southern African country and covers more than 80 percent of all exports.

On Tuesday, Glencore, the Anglo-Swiss firm, confirmed the sale of its 73 percent stake in Mopani Copper Mines to Zambia Consolidated Copper Mines (ZCCM).

Kavishe and Mandimika gave the transaction a thumbs-up.

“Our current analysis suggests that an increased stake in the mine would enable the Zambian government to benefit from higher dividend pay-outs in future,” the RMB experts stated.

 

Source : https://allafrica.com/stories/202101210506.html