ZCCM-IH

ZCCM-IH News

ZCCM IH makes a K6 million bet on Amethyst

ZCCM IH recently charge up Mapatizya with the unveiling of equipment worth K6 million for its investment in Kariba Minerals Limited which is intended to shake up the industry.

The investment group, currently under the stewardship of Mabvuto Chipata who is Acting CEO, recently announced that it would be acquiring the remaining 50% shares in the Amethyst mine. This is one of the oldest mines of its kind in Zambia and has been operating for over 60 years.

The company’s market share has been estimated at over 90% of the amethyst originating from Zambia, with production reaching as much as 800 tonnes of commercial grade amethyst per year, making it one of the largest producers in the world, according to Mr. Chipata who gave a statement at the 67% handing over ceremony. He hopes that this investment will yield positive results for his investment company which is pursing high performance targets which will require quality sales being made by the mine.

The mining equipment investment made to the company included two tipper trucks, one excavator and one front end load. This investment would go a long away in ensuring that the mine remained a leading player in the mining industry, according to Peter Phiri who is General Manager for Kariba Minerals. The forecast increases in production is around 150% for commercial grade amethyst and 67% for ore by tonnage.

ZCCM IH has been on an investment drive and recently unveiled its 5 year strategy which the company believes will increase shareholder value over the long term. The Chart below shows the performance of the company’s shares on LuSE over the last 5 years. With the share price last peaking in December 2015, Mr. Chipata and his management team will be targeting to achieve the highs of yesteryear. The investment made in Kariba Minerals is a clear signal to the market that they are intent to grow shareholder value.

Source: FIZAMBIA
ZCCM-IH News

ZCCM-IH buys new Equipment for Kariba Minerals

The Zambia Consolidated Copper Mines-Investment Holdings ZCCM-IH has capitalised Kariba Minerals Ltd with the purchase of new equipment worth K6 million to boost amethyst production.

ZCCH-IH currently owns 50 percent of the company and is in the process of finalising the acquisition of the additional 50 percent from Gemfields Ltd.
The equipment was officially handed over to the mine yesterday by ZCCM-IH acting Chief Executive Officer Mabvuto Chipata.
ZCCM-IH News

ZCCM-IH, Urban Hotels partner

MONICA KAYOMBO and KALONDE NYATI, Lusaka

ZCCM-INVESTMENT Holding (IH) and Urban Hotel Group have partnered to invest K60 million in the construction of a mixed-development property.

The property comprises a hotel and a Food Lover’s Market retail store creating over 1,500 indirect and 300 permanent jobs, with ZCCM-IH owning 49 percent while Urban Hotel Group owning 51 percent…

Source: Daily Mail
Corporate Social Investment, ZCCM-IH News

ZCCIM-IH in Collaboration with the Esther Lungu Foundation Donates Fertilizer and Hands Over a Water Borehole to Lufwanyama Residents

ZCCM-IH, in collaboration with the Esther Lungu Foundation Trust (ELFT), donated 200 bags of 50kg fertilizer, in addition to a water borehole handed over to residents in Chief Lumpuma’s Chiefdom in Lufwanyama district. The 200 bag of fertilizer donation was aimed at empowering local women’s groups in the area, whose main livelihood is depended on agriculture. The water borehole will be accessed by over 1,000 residents in the area.

In her speech read on her behalf by the Lufwanyama District Commissioner, the First Lady, Mrs. Esther Lungu commended ZCCM-IH for its consistency in the implementation of the access to clean and safe water initiative throughout the country.

ZCCM-IH News

ZCCM-IH | Changes in the office of the Chief Executive Officer

In compliance with the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange (LuSE), the Board of ZCCM Investments Holdings Plc hereby announces the separation and retirement of Dr Pius C Kasolo as Chief Executive Officer and Executive Director respectively, of the Company with effect from 1st February 2019.

The Board would like to take this opportunity to thank Dr Kasolo for his valuable contribution to the Company during his tenure of office and wishes him success in his future endeavours.

The Board further announces the appointment of Mr Mabvuto Chipata, the Chief Investments Officer, as Acting Chief Executive Officer from 1st February 2019 and looks forward to his contribution towards the realisation of ZCCM-IH’s strategic objectives.

By Order of the Board
C Chabala

Company Secretary
Issued in Lusaka, Zambia on Friday, 1 February 2019

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 Friday, 1 February 2019

Download full announcement

– ZCCM-IH | Changes in the office of the CEO
Investee Company News, ZCCM-IH News

Zambia’s copper production rises to 861,946 tonnes in 2018

Zambia has recorded a marginal increase in its copper production for 2018 to around 861,946 metric tonnes from 799,329 tonnes recorded in 2017, boosted by First Quantum Minerals’ (FQM) operations in Kalumbila District.

But last year’s increased copper output still means that Zambia remains Africa’s second-biggest producer of the red metal, with the Democratic Republic of Congo (DRC) expected to hit over 1.2 million metric tonnes.

According to the official Ministry of Mines data, Zambia’s total copper production last year marginally rose to an estimated 861,946 tonnes from 799,329 tonnes recorded in 2017.

The total copper production included all of the country’s 10 large scale mining operations as well as small-scale mining operations, which accounted for at least 10,859 metric tonnes from the total tonnage.

Data reveals that although FQM’s Kansanshi Mining Plc recorded a marginal drop of 249,532 tonnes last year from 250,803 tonnes in 2017, its output in 2018 was the highest among all 10 mining companies in the country for a third successive year.

Additionally, Ministry of Mines Permanent Secretary Paul Chanda explained that FQM’s Sentinel Copper Mine in Kalumbila District produced record output of 223,655 metric tonnes, which helped contribute to Zambia’s overall copper production increase.

“The performance of the sector was better in 2018 relative to 2017. The increase in copper production is attributed to: i. The ramp-up in production at Kalumbila; ii. Improved plant availability and utilization at the Tailings Leach Plant at KCM coupled with higher grades; iii. Commissioning of the Synclinorium Shaft at Mopani in Kitwe has increased volume of ore being hoisted,” Chanda explained in a statement released, Wednesday.

Both Kansanshi and the Sentinel’s copper output last year constitute for 473,187 tonnes out of the country’s total production or nearly 55 percent from just two operations.

And 6 other mining companies equally recorded upward copper production output last year.

These included: Mopani Copper Mines, whose output hit 62,191 metric tonnes from 44,860 tonnes in 2017; Konkola Copper Mines (KCM), whose output rose to 93,165 tonnes last year from 84,436 tonnes in 2017; Chibuluma Mines, who recorded 11,258 tonnes in 2018 from 10,194 tonnes in 2017; CNMC Luanshya, whose output increased to 50,363 tonnes last year from 43,206 tonnes in 2017 and Sino Metals, who recorded 9,312 tonnes from 7,100 tonnes, while Lubambe’s copper production hit 22,074 tonnes from 18,037 tonnes during the period under review respectively.

On the other hand, Barrick Gold’s Lumwana Copper Mine saw its output fall to 101,890 tonnes last year from 116,170 tonnes in 2017, while NFCA recorded 27,644 tonnes down from 27,706 tonnes during the period under review respectively.

But Zambia’s increased 2018 copper production still means that the country remains Africa’s second-biggest producer of the red metal, with the DRC expected to hit over 1.2 million metric tonnes.

The DRC first managed to surpass Zambia as the continent’s biggest copper producer after that country managed to produce over 900,000 metric tonnes of copper in 2013, registering a sharp rise and surpassing Zambia’s 754,916 tonnes produced that year.

Source: News Diggers
ZCCM-IH News

ZCCM-IH | 2018 Annual General Meeting Presentation

Financial Highlights

36% reduction in Revenue is attributed to low sales at Ndola Lime Company Limited due to increased competition in the lime market and technical challenges.

80% reduction in Other Income is due to decrease in copper price participation income from K719 million in 2017 to K360 million in 2018. The K360 million recorded this year was an additional default interest awarded by the court on the Konkola Copper Mines PPI receivable.

464% increase in Share of Profit of Equity Accounted Investee is driven by improved production volumes and copper prices during the year.

384% Increase in Revenue is due to dividends from CEC Plc and Kansanshi of K51 million and K149 million respectively.

49% reduction in Other Income is due to decrease in copper price participation income (PPI) to K360 million from last year’s amount of K719 million. The K360 million is an additional default interest awarded by the Court on the KCM price participation receivable…

Related download
ZCCM-IH | 2018 Annual General Meeting Presentation
Archived Tenders

ZCCM-IH | Revised Notice of best evaluated bidder: Tender for the supply and delivery of various ICT requirements

REVISED
ZCCM Investments Holdings Plc.,
Incorporated in the Republic of Zambia

NOTICE OF BEST EVALUATED BIDDER
TENDER FOR THE SUPPLY AND DELIVERY OF VARIOUS ICT REQUIREMENTS

The Bidders named below have been evaluated as the best bidders for the procurement requirements detailed below. In accordance with the requirement of clause 121 of the Public Procurement Regulations, 2011, it is the intention of ZCCM-IH, the procuring entity, to award contracts to the bidders named after ten (10) working days from the display given below.

Procurement Reference Number ZCCM-IH/043/2018
Procurement Description Supply and Delivery of Various ICT Requirements to ZCCM-IH
Method of Procurement Open National Bidding
Names and Addresses of Best Evaluated Bidders

Lot 1,4,6,9,10 & 12 (Supply and Delivery of High Specification Laptop, Digital Video Camera, 24 Ethernet Switches, Microsoft Visio Pro Software 2016 Licenses, Micro Project Pro Software 2016 Licenses and Blade Servers to ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka) – Cloudtech Zambia, Plot No. 13, Chaholi Road. Rhodespark, P.O. Box 36611 Lusaka, Zambia.

Lot 2,3,5 & 8 (Supply and Delivery of All in One Desktop Computers, Laptops, High Specification Digital Camera and Supply and Supply and Delivery of LED Monitors to ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka – Spares Kings Africa Limited, 4769 Lubwa Road, Roads Park, Lusaka, Zambia.

Lot 7 and 11 (Supply and Delivery Integrated Service Routers (ISR) Routers and 22U Floor Standing Cabinets – Netsys Consultants Limited, 6th Floor, Anchor House, Sapele Road, P.O. Box 33485 Lusaka
Proposed Contract Prices 1. Cloudtech

Lot No. Amount (ZMW)
Lot 1 41,947.92
Lot 4 34,729.19
Lot 6 96,296.33
Lot 9 23,897.16
Lot 10 46,113.48
Lot 12 168,840.44
Total 411,824.52


2. Spares Kings Africa

Lot No. Amount (ZMW)
Lot 2 35,308.08
Lot 3 227,558.59
Lot 5 59,389.68
Lot 8 12,139.63
Total 334,395.98


3. Netsys Consultants Ltd

Lot No. Amount (ZMW)
Lot 7 102,581.60
Lot 11 28,652.00
Total 131,233.60
Date of Display 28th January 2019
Date of Removal 8th February 2019

The display of this notice does not constitute an award of contract to the selected Bidders.

Bid acceptance and contract placement shall be in accordance with the Public Procurement Regulations. Bidders have the right to appeal in accordance with the Public Procurement Regulations, 2011 within ten (10) working days from the date of publication of this notice.

Please note this notice supersedes the earlier one.

Authorised for display and publication by:

Signature: ______________________ Name: K D Kabwe (Mrs.)
   
Position: Procurement Manager Date: 24th January 2019

 

Address of Procuring Entity

ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
Lusaka, Zambia

Copy sent to all bidders who submitted bids, including the best evaluated bidders.

ZCCM-IH Revised – Notice of Best Evaluated Bidder for the Supply and Delivery of Various ICT Requirements
Archived Tenders

ZCCM-IH | Notice of best evaluated bidder: Viability assessment of the development of student accommodation in Lusaka

NOTICE OF BEST EVALUATED BIDDER
ZCCM Investments Holdings Plc.,
Incorporated in the Republic of Zambia

VIABILITY ASSESSMENT OF THE DEVELOPMENT OF STUDENT ACCOMMODATION IN LUSAKA

The Service Provider named below has been evaluated as the best evaluated bidder for the procurement requirement detailed below. In accordance with the requirement of clause 121 of the Public Procurement Regulations, 2011, it is the intention of ZCCM Investments Holdings Plc (ZCCM-IH), the procuring entity, to award the contract to the bidder named after ten (10) working days from the display given below.

Procurement Reference Number ZCCM-IH/065/2018
Procurement Description Viability Assessment of The Development of Student Accommodation in Lusaka
Method of Procurement Open National Selection
Names and Addresses of Best Evaluated Bidders BE Construction Consultants, Suite 605, 6th Floor, Godfrey House, P.O. Box 50874 RW, Lusaka, Zambia.
Proposed Contract Prices ZMW 698,358.65
Date of Display 30th January 2019
Date of Removal 13th February 2019

The display of this notice does not constitute an award of contract to the Bidders mentioned above.

Bid acceptance and contract placement shall be in accordance with the Public Procurement Regulations. Bidders have the right to appeal, in accordance with the Public Procurement Regulations, 2011, within ten (10) working days from the date of publication of this notice.

Authorised for display and publication by:

Signature: ______________________ Name: K D Kabwe
   
Position: Procurement Manager Date: 28th January 2019

 

Address of Procuring Entity

ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Plot No. 16806, Alick Nkhata Road
Mass Media Complex Area
Lusaka, Zambia

Copy sent to all bidders who submitted bids, including the best evaluated bidders.

Download Notice of Best Evaluated Bidder (.pdf)