Company Overview

We have deep industry knowledge in Copper mining spanning over 50 years

About Us

ZCCM Investments Holdings PLC is a premier diversified mining investments and operations company with a primary listing under ISIN number ZM0000000037 on the Lusaka Securities Exchange in Zambia, and secondary listings on the London Stock Exchange and the Euronext Access Exchange in Paris

Our Values

Transparency and Accountability
Environmental, Social, and Governance Awareness
To be a world-class investment holding company with a focus on mining
To be a transformative company with an investment agenda that benefits all our stakeholders

Our Business Model

Our Portfolio

ZCCM-IH occupies a very unique and strategically advantageous position as an investment holding company, as it holds key interests across mining and energy industries in Zambia. It also has significant investments in diversified energy entities, gemstones, and real estate.

Currently, ZCCM-IH’s portfolio consists of five (5) wholly owned subsidiaries and fifteen (15) investee companies

In our 2020-2026 Strategic plan, ZCCM-IH has prioritised the generation of consistent and predictable income through investments in brownfield and Greenfield projects; and ensuring value is extracted from existing legacy and post legacy portfolio companies through driving efficiencies and participation in primarily the mine supply value chain.


Commodity diversification is aimed at tapping into new sources of consistent and stable income within mining and mining related sectors, while reducing the risk profile of our Portfolio. This is in an effort to deliver compelling long-term returns and to continue to maximize shareholder value. New investments to drive diversification will focus in key sectors and businesses which include mining supply chain, energy, value addition, manufacturing, precious metals, among others. ZCCM-IH is actively seeking strategic partnerships to develop and exploit opportunities in these sectors to achieve above-market returns

Our Activities

The Company’s other activities include:

Developing and implementing investment strategies, and aligning company operations towards maximizing of shareholder value.
Group oversight and monitoring of investee companies to ensure reasonable dividends are declared consistently.
Ensuring effective representation on the boards of the investee companies;
Establishing and securing joint venture partnerships for projects assessed to be viable; and
Promoting Zambian ownership and management in mining assets.

Our Strategic Focus

The ZCCM-IH 2020-2026 Strategic Plan provides the thrust for ZCCM-IH to achieve its full potential in returning value to its shareholders both from the existing portfolio and new investments. For this period, we have focused on putting in place strategic internal income generating ventures that will continue to drive the business to profitability and returns across the portfolio of assets. Drawing from this, ZCCM-IH’s key strategic focus areas are:

Strategic Focus Area 1: Extract, and where possible, to add value to our current portfolio;

Strategic Focus Area 2: Investment in greenfield and brownfield mining, and mining related ventures across a diverse range of minerals;

Commodity diversification to include cobalt, gold, manganese and other base metals, gem stones, limestone, phosphate and rare earth mineral;
Value addition downstream and exploration upstream; and
Energy to support sustainability of mining operations

Strategic Focus Area 3: Achieve operational and financial excellence;

Strategic Focus Area 4: Generate greater shareholder value by ensuring price discovery on our stock exchange listings.


With a renewed strategic focus, ZCCM-IH is driven by a new strategic impetus anchored on the theme, “Mining S.M.A.R.T.L.Y”. We are committed to Sustainability which is embedded in our business model by ensuring adherence to Environmental, Social and Governance principles. This will be Managed by our people proactively, with business Accretive and agility to drive our portfolio and revenue growth, whilst ensuring Risk mitigated investments, to be undertaken in a Timely, effective and efficient manner, with business Longevity in purpose, that Yields a return on investment and maximises shareholder value.

  • Sustainability
  • Managed proactively
  • Accretive and agility
  • Risk mitigation
  • Timeliness
  • Longevity
  • Yield

Understanding ZCCM-IH’s Shareholding Structure

The authorised share capital of the Company is K2,000,000 divided as follows:

120,000,000 “A” Ordinary Shares of K 0.01 each
80,000,000 “B” Ordinary Shares of K 0.01 each

The total issued number of shares is 160,800,286 which is distributed as indicated in the table below (as at 31st March 2021):

  • IDC
  • GRZ
  • Minorities
ShareholderClass of SharesShareholding
Industrial Development Corporation (IDC)A96,926,669 (60.28%)
Government of the Republic of Zambia (GRZ)B27,735,173 (17.25%)
National Pension Scheme Authority (NAPSA)B24,120,043 (15.00%)
Minority ShareholdersB12,018,401 (7.47%)
Total160,800,286 (100.00%)
  • IDC
  • GRZ
  • Minorities
ShareholderClass of SharesShareholding
Industrial Development Corporation (IDC)A96,926,669 (60.28%)
Government of the Republic of Zambia (GRZ)B27,735,173 (17.25%)
National Pension Scheme Authority (NAPSA)B24,120,043 (15.00%)
Minority ShareholdersB12,018,401 (7.47%)
Total160,800,286 (100.00%)

Our Journey Thus Far

ZCCM-IH has a rich and varied history spanning more than 50 years before Zambia’s Independence in entities that preceded it but which have helped shape its current form. As the successor company to Zambia Consolidated Copper Mines Ltd (ZCCM Ltd), which itself was created from the merger of NCCM and RCM in 1982, ZCCM-IH’s story is the story of Zambia’s Mining Industry and much much more. Below is a summary of this journey.

Our Timeline


1999 Oct – Anglo American refuses to take over social assets associated with the mines

Anglo American revises the basis of the original deal. A new agreement is reached whereby the high cost Nkana mine is excised from the sale, although the South African Company retains its option to run and purchase the Nkana smelter, crucial to its wider operations in Zambia. Anglo American refuses..Read More

1998 Oct to Nov – Anglo American agrees to relinquish Mufulira purchase rights

Anglo American agrees to relinquish its purchase rights over the Mufulira smelter in the event of an agreement being reached allowing it to purchase the other key ZCCM assets as a single package. A prospective buyer is found for the Mufulira mine. New lending instruments are agreed with the World..Read More

Dec 1998 – Jan 1999 – Anglo American negotiates purchase of remaining ZCCM Assets

Anglo American negotiates the option to purchase all remaining key ZCCM assets. A number of preconditions are set by the company to include the identification of a suitable partner, the securing of finance, and the implementation of a ZCCM redundancy program to be paid for using donor funds.

1998 Apr to May – Kafue Consortium offer rejected

After a year of protracted negotiations, during which time the price for copper has fallen sharply, the final reduced offer of the Kafue Consortium is rejected and the bidding group dissolves. The balance of payment support from the donor community agreed at the Consultative Group meeting is made conditional on..Read More

1998 – Rescue plan formulation

Anglo American formulates a rescue plan to repackage the unsold assets of ZCCM.

Zambia: An Advantageous Investment Destination: Second Largest Producer of Copper in Africa

The Republic of Zambia is a landlocked country in Southern Africa, neighbouring the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west. The capital city is Lusaka, in the south-central part of Zambia. The population is concentrated mainly around Lusaka in the south and the Copperbelt Province to the northwest, the core economic hubs of the country.

On 24 October 1964, Zambia became independent of the United Kingdom and Prime Minister Kenneth Kaunda became the inaugural president.

World Banks, 2020 Ease of Doing Business Report rates Zambia as one of the top 10 best performers in Africa, ranking 7th in Africa, 5th in Sub-Saharan Africa in 2019. The Common Market for Eastern and Southern Africa (COMESA) is headquartered in Lusaka.

Total area752,618 sq km
Water9,220 sq km
Land743,398 sq km
PopulationApprox. 18.88 million (as at June 2021 according to the World Bank)
GDP (nominal)$74.014 billion (2016 estimate)
GDP per capita (nominal)$4,616
CurrencyZambian Kwacha (ZMW)
Time zoneCAT (UTC+2)
International dialing code+260