Request for Expressions of Interest (EOI) for the Provision of External Audit Services to ZCCM-IH, Contract No.: ZCCM-IH/034/2019

1.0 Background
ZCCM Investments Holdings Plc (ZCCM-IH) is an investments holdings company which is quoted on the Lusaka, London, and Euronext Stock Exchanges, and has the majority of its investments held in the copper mining sector of Zambia. The Government of the Republic of Zambia holds directly about 17.25% shares and its 60.28% shares is held through the Industrial development Corporation (IDC) in Zambia, with the remaining 22.47% held by institutional and private individual shareholders.

ZCCM-IH currently has an investment portfolio of 17 companies, including mines such as Kansanshi Mining Plc, Mopani Copper Mines Plc and Konkola Copper Mines Plc. Its shareholding in the 17 companies ranges from 10% to 100%, with commodities and services that are diversified in nature, including copper, gold, cobalt, coal and power, telecommunication, limestone, mining consultancy, financial services and gemstones.

ZCCM-IH wishes to engage Group External Auditors to provide external audit services to ZCCM-IH and its Subsidiaries.

2.0 Objective
The objective of the external Audit is to express an opinion in accordance with International Auditing Standards (ISA) on whether the Financial Statements of the Group and its Subsidiary Companies are presented fairly and in all material respects in accordance with International Financial Reporting Standards (IFRS) and the requirements of the Companies Act of Zambia for the year ending 31 December 2019 and 31 March 2020. The external Auditor will also report on whether the required accounting records, other records and registers have been properly kept in accordance with the Act.

3.0 Scope of Work
a) The audit will be carried out in accordance with ISA as stated above and will include such tests and verification procedures as the auditors consider necessary.
b) Review the Internal Control environment so as to have sufficient knowledge of the systems and procedures of the organization.
c) Carry out tests so as to have an understanding of the accounting system and assess its adequacy as a basis of preparation of financial statements.
d) Confirm that although responsibility for fraud and irregularity remains with Directors, the audit has been planned so as to have reasonable expectation of detecting material misstatements.
e) Review of Significant Investments.
f) Consultation on any other matters that may arise during the contract period.

No. Company Relationship Shareholding % Status
1 Ndola Lime Company Limited Subsidiary 100.00 Active
2 Misenge Environmental and Technical Services Ltd Subsidiary 100.00 Active
3 Nkandabwe Coal Mine Limited Subsidiary 100.00 Inactive
4 Investrust Bank Plc Subsidiary 71.40 Active
5 Kariba Minerals Limited Associates 50.00% Active
6 Maamba Collieries Limited Associates 35.00% Active
7 Konkola Copper Mines Plc Associates 20.60% Active
8 Kansanshi Mining Plc Associates 20.00% Active
9 Copperbelt Energy Corporation Plc Associates 24.10% Active
10 CEC Africa Investments Limited Associates 20.00% Active
11 Lubambe Copper Mine Plc Associates 20.00% Active
12 CNMC Luanshya Copper Mines Plc Associates 20.00% Active
13 NFC Africa Mining Plc Associates 15.00% Active
14 Chibuluma Mines Plc Associates 15.00% Active
15 Chambishi Metals Plc Associates 10.00% Active
16 Mopani Copper Mines Plc Associates 10.00% Active
17 Nkana Alloy Smelting Company Limited Associates 10.00% Inactive

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 (e.g. 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 and Cost Based Selection (QCBS) method. Interested consultants must submit one (01) original and three (03) hard copies of the Expression of Interest to the address below not later than Friday, 21st June 2019.

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@zccm-ih.com.zm