ZCCM-IH

ZCCM-IH News

Let IDC and ZCCM-IH have stake in any company – Habazoka

STEVEN MVULA, Lusaka
ECONOMICS Association of Zambia (EAZ) president Lubinda Haabazoka has urged Government to allow the Industrial Development Corporation (IDC) and ZCCM-IH to own shares in any company which will invest in oil drilling in Gwembe if the resource is commercially viable in the district.
Dr Haabazoka said in an interview that it is important that IDC and ZCCM-IH have ownership in the oil company so that the foreign exchange can remain in the country.
“We hope the prospects of oil in Gwembe are commercially viable as this will help our economy greatly and CLICK TO READ MORE  

Source: Daily Mail
Archived Jobs

ZCCM-IH | Job Advertisements – Subsidiary Companies

ZCCM Investments Holdings PLC is a company with diversified interests in mining, energy and other sectors of the Zambian economy. The Company’s majority shareholder is the Industrial Development Corporation Ltd (IDC), an investment company wholly owned by the Zambian Government and the rest of the shareholders include institutions and private shareholders spread across the world.

The Company intends to fill positions of Chief Executive Officer for its subsidiaries namely Misenge Envirnmental Technical Services (METS), Kariba Minerals Limited (KML) and ZCCM Gold Company Ltd

Chief Executive Officer – Misenge Environmental & Technical Services

Misenge Environmental and Technical Services Ltd (METS) is a 100% owned subsidiary of ZCCM-IH based in Kalulushi on the Copperbelt. It is a multifaceted full-service company whose core competencies are environmental management particularly in the mining and mineral processing industry in Zambia.

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Chief Executive Officer – Kariba Minerals Limited

Kariba Minerals Limited (KML), a 100% subsidiary of ZCCM IH is a global leader in the production and supply of amethyst. Its operation in Mapatizya, Kalomo is the largest amethyst mine in the world with over 50 years of mining. It produces one of the best quality amethyst in the world.

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Chief Executive Officer – ZCCM Gold Company Ltd

ZCCM Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold.

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Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than 10th February 2020.

Chief Executive Officer
ZCCM Investments Holdings Plc
ZCCM IH Office Park
P O Box 30040
LUSAKA
Archived Jobs

ZCCM-IH | Job Advertisement

ZCCM Investments Holdings PLC is a company with diversified interests in mining, energy and other sectors of the Zambian economy. The Company’s majority shareholder is the Industrial Development Corporation Ltd (IDC), an investment company wholly owned by the Zambian Government and the rest of the shareholders include institutions and private shareholders spread across the world.

The Company intends to fill the following positions(click the links to download the detailed job description):

Applications together with copies of certificates and detailed curriculum vitae should reach the undersigned not later than 7th February 2020.

Chief Executive Officer
ZCCM Investments Holdings Plc
ZCCM IH Office Park
P O Box 30040
LUSAKA
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ZCCM-IH seeks flexing muscles

KALONDE NYATI, Lusaka
ZCCM-INVESTMENT Holding (IH) says it wants to increase its voice in decision-making by moving away from being a minority shareholder in companies it has stakes in.
ZCCM-IH chief executive officer Mabvuto Chipata said the company, which has shareholding in 19 companies, including mining, energy, real estate and banking, has been increasing its stake to make it effectively participate in decisions that will spur its growth.
Mr Chipata said on Tuesday at a media briefing to announce the company’s financial results for 2019 that “we are moving away from being a minority shareholder and we are targeting to have 35 percent shares and above in the new portfolios CLICK TO READ MORE

Source: Zambia Daily Mail
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ZCCM IH confirms Gold as a ‘strategic focus area’

Zambia’s leading investment group by assets and shareholding, ZCCM IH has announced the setting up of a gold company that will see the group participate in the countries gold value chain, according to a statement issued by the company.

“In line with one of its strategic objectives in mining, ZCCM Investments Holdings Plc (‘ZCCM-IH’) wishes to announce the incorporation of ZCCM Gold Company Limited (ZCCM Gold)”, read a statement issued on 14th January 2019 by Company Secretary, Chabby Chabala on the same day that the Board Chairman, Eric Silwamba hosted shareholders of the company at their Annual General Meeting at Southern Sun Hotel.

The ink of the creation of the company had barely dried when the AGM took place, four days after the incorporation of the company. “ZCCM Gold was incorporated on 10 January 2020”.

This announcement follows an earlier announcement at the end of 2019 when the group partnered with Karma Mining for the sole purpose of processing gold. “On 23 December 2019, the Board of Directors of ZCCM-IH approved the proposal to enter into a Joint Venture (JV) partnership with Karma Mining Services and Rural Development Company (“Karma”)”, read a statement issued by the group’s Company Secretary, Chabby Chabala on Friday 27th December 2019 and issued on SENS.

The establishment of this new company clearly elaborates the strategic intent that now seeks the investment group focus, through partnerships, on a sector that has hardly been exploited in Zambia. “ZCCM Gold will spearhead and manage gold mining activities in Zambia”.

With activities will include but not limited to gold exploration, mining, processing, marketing and value addition, it is important that the gold mining story has an ultimate benefit for its shareholders. In a model that is similar to how the Botswana Government participates in mining, ZCCM Gold will be owned 51% by ZCCM-IH and 49% by the Government of the Republic of Zambia through the Minister of Finance.

The Eric Silwamba lead Board is upbeat about this golden venture. “The ZCCM-IH Board is confident that ZCCM Gold will add value to the Company’s current mining portfolio, provide an opportunity for ZCCM-IH to expand its activities in the mining sector and contribute to the National Treasury”.

Source: Finaincial Insight Zambia
Archived Tenders

Diamond Drilling Works in Kasenseli Area of Mwinilunga District ONB No: ZCCM-IH/002/2020

  1. ZCCM Investments Holdings Plc. has received financing from own sources toward the CAPEX for the 2020 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Diamond Drilling Works in Kasenseli Area of Mwinilunga District of North Western Province; Contract No.: ZCCM-IH/002/2020.

  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Diamond Drilling Works in Kasenseli Area on Mwinilunga District. The duration of the works is 20 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:
    1. Citizen-influenced company – 4%
    2. Citizen-empowered company – 8%
    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:
    1. 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;
    2. A minimum amount of liquid assets and/or credit facilities of ZMW5,661,310.00;
    3. Average Annual Turnover for the past three (03) years of ZMW73,597,035.00.

  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 Complex Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwek@zccm-ih.com.zm

  8. Bids must be delivered to the address below at or before 10:00 hours on Thursday, 6th February 2020. 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 6th February 2020.  All bids must be accompanied by a Bid Securing Declaration.

  9. There will be a site visit and pre-bid conference as follows:
    Date: Wednesday, 22nd January 2020
    Time: 11:00 hours
    Place: Kasenseli Area in Mwinilunga District. All Bidders to meet at the DC’s Office in Mwinilunga District at 10:00 hours.

  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 Complex Area
    Lusaka, Zambia
    Tel: +260-211-388000
    E-mail: kabwekd@zccm-ih.com.zm
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METALS-Copper steady; zinc rises on demand boost ahead of Phase 1 trade deal

London copper prices steadied on Monday after falling sharply in the previous session, while zinc hit a two-week high as the soon-to-be signed Phase 1 trade deal between the United States and China boosted prospects of higher demand.

A Chinese delegation is planning to travel to Washington on Jan. 13 for the signing of the U.S.-China Phase 1 trade deal, the South China Morning Post reported on Sunday.

Monetary policy easing by Beijing and a better-than-expected manufacturing performance from China in December were also creating a favourable backdrop for copper, Argonaut Securities said in a note.

FUNDAMENTALS
* COPPER: Three-month copper on the London Metal Exchange was flat at $6,129 a tonne by 0740 GMT, after shedding 1% on Friday. The most-traded March copper contract on the Shanghai Futures Exchange closed down 0.6% on 48,760 yuan ($6,990.58) a tonne.

* ZINC: The metal used to galvanise steel rose as much as much as 1.4% to $2,339 a tonne, its highest since Dec. 23 on concerns about falling stocks MZN-STOCKS, which stand at just 51,125 tonnes in LME-registered warehouses. ShFE zinc closed up 1.5% on 18,110 yuan a tonne.

* ZINC SPREAD: The premium of cash LME zinc over the three-month contract CMZNo-3 stood at $14.75 a tonne on Friday, the highest since Dec. 2, indicating tight near-term supply.

* COPPER: Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa’s biggest copper mine in Zambia despite a feud with state miner ZCCM-IH over project funding.

* OTHER METALS: The LME complex was mixed, with aluminium slipping 0.4% and lead losing 0.5%. Nickel edged up 0.2& while added 0.3%.

* ALUMINIUM: Aluminium stocks held at three major Japanese ports AL-STK-JPPRT at the end of November were up 0.9% at 321,200 tonnes from the previous month, Marubeni Corp said.

MARKETS NEWS
* Tensions in the Middle East after the killing of a top Iranian general by the United States pushed an index of Asian shares off an 18-month high as investors pushed safe-haven gold near a seven-year high, and oil jumped to four-month peaks.

PRICES    
 BASE METALS PRICES                     0740 GMT
 Three month LME copper                   6128.5
 Most active ShFE copper                   48760
 Three month LME aluminium                1816.5
 Most active ShFE aluminium                14105
 Three month LME zinc                       2327
 Most active ShFE zinc                     18110
 Three month LME lead                       1910
 Most active ShFE lead                     14755
 Three month LME nickel                    13790
 Most active ShFE nickel                  108190
 Three month LME tin                       16850
 Most active ShFE tin                     134570
                                                
 BASE METALS ARBITRAGE                          
 LME/SHFE COPPER             LMESHFCUc     519.8
                             3          
 LME/SHFE ALUMINIUM          LMESHFALc   -396.08
                             3          
 LME/SHFE ZINC               LMESHFZNc   -422.09
                             3          
 LME/SHFE LEAD               LMESHFPBc   -710.97
                             3          
 LME/SHFE NICKEL             LMESHFNIc  -2748.14
                             3          

($1 = 6.9751 Chinese yuan renminbi)

Source: Hellenic Shipping news world wide
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ZCCM-IH partners with Aussie firm

KALONDE NYATI, Lusaka
ZAMBIA Consolidated Copper Mines – Investment Holdings (IH) has partnered with Instinct Energy Limited, an Australian company, to carry out exploration of coal bed methane (CBM) in Southern Province.
The investment holding company has also set aside K20 million for exploration of various minerals, oil and gas across the country.
ZCCM-IH chief executive officer Mabvuto Chipata said in an interview in Lusaka yesterday that CBM, which is a form of natural gas found in coal deposits and CLICK TO READ MORE

Source: Daily Mail