2019

In line with one of its strategic objectives in mining, ZCCM Investments Holdings Plc (‘ZCCM-IH’) wishes to announce the incorporation of ZCCM Gold Company Limited (ZCCM Gold). ZCCM Gold was incorporated on 10 January 2020. ZCCM Gold will spearhead and manage gold mining activities in Zambia. Its activities will include but not limited to gold exploration, mining, processing, marketing and value addition.

On 23 December 2019, the Board of Directors of ZCCM-IH approved the proposal to enter into a Joint Venture (JV) partnership with Karma Mining Services and Rural Development Company (“Karma”). The purpose of the JV is to develop a gold processing and trading operation in Zambia (“the Project”). Initially, the JV will source most of the gold ore from Artisanal and Small-Scale Gold Miners. Under the JV, ZCCM-IH and Karma will have 45% and 55% shareholding, respectively.

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 Group and the Company for the half year period ended 30th September 2019 are expected to be approximately 75% and 24% respectively, lower than the half year results for the period ended 30th September 2018.

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 Per Share (“EPS”) for the Group and Company financial year ended 31 March 2019 is expected to be approximately 47% and 125% respectively, lower than the financial year ended 31 March 2018.

Kansanshi Holdings Limited (“KHL”) Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and Kansanshi Mining Plc (“KMP”).
In compliance with the requirements of the Securities Act No 41 of 2016 and the Lusaka Securities Exchange (“LuSE”) Listings Requirements (the “Rules”), shareholders are informed that on 11 November 2019, KHL filed a Request for Arbitration in London against ZCCM-IH (as Respondent) and KMP (as Nominal Respondent). These Arbitration proceedings are strictly confidential as between the parties. The Arbitration proceedings follow a criminal complaint made by ZCCM-IH against the allegedly unauthorised transfer by KMP of KMP monies to a KHL related party/affiliate.

NOTICE IS HEREBY given that the Sixteenth Annual General Meeting of members of ZCCM Investments Holdings Plc will be held on Tuesday, 14 January 2020 at 10:00 hours at Southern Sun Ridgeway Hotel, corner of Church Road and Independence Avenue, Lusaka, Zambia.

In compliance with the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange (LuSE), the Board of ZCCM Investments Holdings Plc hereby announces the appointment of Mr Mabvuto T Chipata as Chief Executive Officer of the Company effective 11 October 2019.

At the Meeting of the Board of Directors held on 16 August 2019, the Board of ZCCM Investments Holdings PLC (“the Company” or “ZCCM-IH”) resolved, that the Company’s financial year-end as well as that for all its subsidiaries be changed from 31 March to 31 December with effect from 31 December 2019.