ABOUT THIS REPORT
The Integrated Annual Report for the year ended 31 December 2022 provides a holistic view of ZCCM Investments
Holdings Plc (“the Company or ZCCM-IH”) and its subsidiaries (“the Group”) business model, how the Company is
managed and how it manages its investment portfolio. This report therefore provides a complete analysis of our
business to satisfy the information needs of key stakeholders that will use the Integrated Report. The information
presented aims to provide our various stakeholders with a good understanding of the financial, human, social,
environmental and economic impacts of ZCCM-IH to enable them to evaluate our ability to create sustainable
value for our stakeholders.
FRAMEWORK
The Financial Statements set out on in the Annual Report have been prepared in accordance with International
Financial Reporting Standards (IFRS). Our Integrated Report is prepared in accordance with the Zambia Companies
Act and the listing requirements of the three stock markets on which ZCCM-IH is listed namely: Primary market –
Lusaka Securities Exchange, and Secondary markets – Paris Euronext Access and London Stock Exchange.
SCOPE AND BOUNDARY
This report outlines who we are, what we do and how we create value, providing insights into our structure, strategy,
objectives, performance, governance, and future viability. The report provides an overview of the operations and
performance of all businesses in which ZCCM-IH is invested. The scope of this report relates to ZCCM-IH as an
investment holding Company and as a Group encompassing its subsidiaries and associate investee Companies
activities and material matters arising from its investment activities. Material developments beyond the reporting
period up to the date of publishing of this report have been included.
MATERIALITY
This report provides information on all those matters that we believe could substantively affect value creation at
ZCCM-IH. Written primarily for current and prospective investors, the report is of interest to any stakeholder who
wishes to make an informed assessment of ZCCM-IH’s ability to create value over time. This report presents the
identified material information through a clearly structured narrative. Additional information not material for this
report, but of interest for other purposes, are provided on our website.
Value over time. This report presents the identified material information through a clearly structured narrative.
Additional information not material for this report, but of interest for other purposes, are provided on our website
On 7 September 2022, ZCCM Investments Holdings Plc (hereafter “ZCCM-IH”), Vedanta Resources Limited, Vedanta Resources Holdings Limited (hereafter “Vedanta”), and Konkola Copper Mines Plc (hereafter “KCM”) Provisional Liquidator entered into a written agreement to suspend the hearing of the disputes between them to pursue amicable settlement of the disputes.
The parties have since been engaged in ex-curia discussions to resolve the disputes and have reached a significant milestone. As part of the resolution, all disputes between the parties have been resolved and all proceedings relating to the disputes will be withdrawn with each party bearing their own costs.
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In compliance with the requirements of the Securities Act No. 41 of 2016, ZCCM Investments Holdings PLC (“ZCCM-IH PLC” or “the Company”) announces the provisional financial statements results of the Company and its subsidiaries (Collectively referred to as the ‘‘the Group’’) for the year ended 31 December 2022.
The board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the Company”) wishes to inform its shareholders and the public that it has partnered with Kobold Metals and EMR Capital (“the partners”) on a Copper exploration project, Mingomba (“the project”), in Chililabombwe District of the Copperbelt Province in Zambia.
20th April 2023, Lusaka, Zambia: ZCCM Investments Holdings Plc (“ZCCM IH” or the “Company”) on 9th March 2023 published an announcement on the holding of an Extraordinary General Meeting (“EGM”) on 31st March 2023, and also released a detailed circular which outlined the terms of the Royalty Transaction (“Transaction”) in relation to its 20% shareholding in Kansanshi Mine PLC (“KMP”).
As stated in the circular, all transaction documents, including those referred to as an Appendix, were available for inspection to shareholders for 21 days during normal business hours between 09 to 31 March 2023 from the registered office of the Company. ZCCM IH notes with regret that one shareholder has indicated that they were unable to access the transaction documents via email.
The Company distributed a Transaction circular (the “Circular”) on the 9th of March 2023 incorporating a notice of Extraordinary General Meeting (“EGM”) to consider the Transaction. The Board of Directors of ZCCM-IH (“the Board”) is pleased to provide a further update in relation to the Transaction.
ZCCM-IH wishes to inform shareholders that Mr. Gregory Chomba Kabwe resigned from the Company’s Board of Directors (“the Board”) with effect from 2nd March 2023. During his tenure, Mr. Kabwe served as Non-Executive Director and Chairperson of the Audit Committee of the Board. The ZCCM-IH Board wishes to thank Mr. Kabwe for his contribution to the Company and wishes him well in his future endeavours.
The Board wishes to further announce the appointment of Mrs. Masitala Nanyangwe Mushinga as Non-Executive Director on the ZCCM-IH Board as at 7th March 2023. Mrs. Mushinga is Acting Director- Investment and Debt Management at the Ministry of Finance and National Planning.
