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Download ZCCM-IH- Further Cautionary Announcement _ Arbitration Proceedings
ZCCM-IH- Further Cautionary Announcement _ Arbitration Proceedings
Published Date: 21st May 2025
Confidential Arbitration Proceedings between Trafigura Pte Limited ("Trafigura") and ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company")
Further to the cautionary announcement dated 31 March 2025 issued by ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) in relation to arbitration proceedings instituted
by Trafigura Pte Limited (“Trafigura”) against the Company.
Shareholders of ZCCM-IH are advised that, pursuant to a guarantee signed by ZCCM-IH’s then CEO in favour of Trafigura on 28 July 2021 (“Guarantee”), on 24 February 2024 Trafigura filed a request for arbitration against ZCCM-IH (as respondent) brought under the London Court of International Arbitration Rules 2020. These arbitration proceedings are strictly confidential as between the parties.