Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH), the Zambian public firm that controls the state’s shares in the country’s copper and…
Source: Africa Intelligence
Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH), the Zambian public firm that controls the state’s shares in the country’s copper and…
Source: Africa Intelligence
In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (“ZCCM-IH Plc”) announces its unaudited annual financial statements for the year ended 31 March 2018.
Provisional Abridged Financial Statements – FYE 31 March 2018
KALONDE NYATI, Lusaka
ZAMBIA must be aggressive in attracting investments through continued promotion of opportunities that remain untapped.
ZCCM-Investment Holding (IH) board chairperson Eric Silwamba said as the world competes for investors in the mining sector, Zambia should ensure that it positions itself to attract a fair share.
Speaking on the sidelines of the ongoing Mines and Money Conference and Exhibition in London, Mr Silwamba said ZCCM-IH will continue marketing and positioning itself internationally, as a significant player and investment gateway in Zambia’s mining and energy industries.
The annual mines and money conference is Europe’s largest convention where mining and investment professionals network.
Source: Daily Mail
ZCCM-IH staff joined the rest of the world in commemorating this year’s World AIDS Day under the theme “Know Your Status” by paying a visit to Our Lady’s Hospice in Kalingalinga, Lusaka, where assorted household items, as well as medical supplies were donated.
Our Lady’s Hospice is a faith-based organisation that aims “to promote and provide quality palliative care through a committed team in a conducive environment for patients who have HIV, AIDS, and Cancer.” While the K25, 000 worth of assorted items provided some lifeline to Our Lady’s Hospice’s cause, the hospice depends solely on the charity and generosity of well-wishers. The matron called upon other corporates to emulate the gesture by ZCCM-IH.
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 PerShare (“EPS”) for the financial year ended 31 March 2018 is expected to be approximately 34% higher than for the financial year ended 31 March 2017.
The movement in EPS is primarily attributed to the improved performance of most major mining companies in ZCCM-IH’s portfolio and the continued increase in demand and hence prices for copper on the world market.
Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company.
The Company expects its Provisional Abridged Financial Results for year ended 31 March 2018 to be released on Securities Exchange News Services (“SENS”) and published in the local press on or about 30th November 2018. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on Thursday, 29 November 2018
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 29 November 2018
ZCCM Investments Holdings Board Chairperson Eric Silwamba says it is important for the company to continue marketing and positioning itself internationally, as a significant player and investment gateway in Zambia’s mining and energy industries.
Speaking on the sidelines at the ongoing Mines and Money Conference and Exhibition in London, Mr. Silwamba said Zambia is competing with other countries for potential investors in the mining sector.
He noted that if the Company wants investors for its Greenfield projects, it needs to be aggressive in its approach, and such an event presents a viable platform to link up with investors.
“We want to see sustainable growth in ZCCM-IH through new investments especially in the mining and related sectors. And so far, I am impressed with the level of interest from investors looking for investment opportunities in Zambia. We have had interesting conversations with a number of potential partners and financiers at this conference so far”, added Mr. Silwamba.
And ZCCM-IH Chief Executive Officer Dr. Pius Kasolo has expressed confidence in the fundamentals and a positive future outlook for the mining industry, particularly copper, adding that Zambia still remains a favorable investment destination.
Speaking during the Mining Spotlight presentation session, Dr. Kasolo said ZCCM-IH is strategically positioned as a diversified principal stakeholder and investment vehicle in Zambia’s mining and energy sectors.
He added that London remains a strategic market for the Company as ZCCM-IH is listed on the London Stock Exchange, apart from the primary listing on the Lusaka Securities Exchange.
The 16th Annual Mines and Money London which opened on Monday 26 November 2018 is London’s premier show and has long been Europe’s largest, most renowned convention where mining and investment professionals come to do business, from all over the world.
The exhibition which comes to an end on tomorrow 29 November 2018 is hosting hundreds of companies including ZCCM-IH, and convening thousands of mining investors, financiers, brokers and advisers from more than 75 different countries.
Source: Lusaka Times
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) are referred to the announcement dated Friday, 3rd August 2018, wherein the shareholders as well as other market participants were informed that Ndola Lime Company Limited (“NLC”), an investee company of ZCCM-IH, continues to be in financial distress. ZCCM-IH has over the past 10 years invested over K1 billion in NLC in form of debt and equity in an effort to turnaround the loss-making operations of the Company into profitability.
Arising from the above, two former employees of NLC applied to the High Court to place NLC under supervision pursuant to the Corporate Insolvency Act No. 9 of 2017. By order of the Court dated 5th October 2018, the Official Receiver was appointed as Interim Business Rescue Administrator of NLC. However, ZCCM-IH is seeking legal redress regarding the aforementioned proceedings.
For more information on the above, please refer to the Press Statement on the ZCCM-IH website in the link embedded below:
https://www.zccm-ih.com.zm/zccm-ih-press-statement-on-the-status-of-ndola-lime-company-limited/
ZCCM-IH will provide details of the outcome of the legal proceedings in due course.
In the meantime, Shareholders are advised to exercise caution when dealing in securities of the Company until a full announcement is made.
By Order of the Board
Chabby Chabala
COMPANY SECRETARY
Issued in Lusaka, Zambia on Friday, 23rd November 2018
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 23 November 2018
On 7th November 2018, ZCCM Investments Holdings Plc (ZCCM-IH) acquired an additional 50% shareholding in Kariba Minerals Limited (KML) which is Zambia’s largest Amethyst mine. This acquisition means that ZCCM-IH now owns 100% shares in KML. The shares were acquired from Gemfields Limited at a total consideration of US$2,500,000. The completion of the transaction is subject to regulatory approvals.
Going forward, ZCCM-IH will implement a robust strategic plan aimed at improving production, processing and marketing activities in order to increase profitability of the mine.
By Order of the Board
Chabby Chabala
COMPANY SECRETARY
Issued in Lusaka, Zambia on Friday, 23rd November 2018
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 23 November, 2018
ONB No.: ZCCM-IH/075/2018
Addendum No. 1 to the Invitation for Bids (IFB) to include site visits and pre-bid meeting dates
Diamond Drilling Works in 3 Licence Areas
ONB No.: ZCCM-IH/063/2018