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Annual Report Summaries, Investee Companies

Misenge Environmental and Technical Services Limited (METS) Extract from 2023 Annual Report

Misenge Environmental and Technical Services Ltd (METS) is a subsidiary of ZCCM-IH, and its business activities is to provide a wide range of environmental, analytical, radiation safety, and engineering services. METS prides itself on being a multifaceted, full-service company with a strong record in environmental management within Zambia’s mining and mineral processing industry. Its service range includes environmental impact assessments, environmental compliance audits, mineral sample preparation, water supply and sewerage systems design, radiation safety management, and many more. The company operates with a clear vision to lead in providing its specialized services in Zambia, driven by a mission to deliver these services efficiently to maximize shareholder value .  

For the fiscal year ended December 31, 2023, METS reported a total of ZMW 14.63 million in revenue for the year ended 31st December 2023 (2022: ZMW10.61 million restated), and net loss of ZMW6.48 million (2022: profit of ZMW1.01 million restated) The company has been actively seeking to increase third-party business by participating in several bids during the year.  

There were no dividends declared during the period under review (December 2022: Nil). 

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