Kindly see attached the 2025 procurement plan
ZCCM-IH Participates In The 2nd Tranche Of The Flagship CEC Renewables
06th December 2024, Lusaka Zambia: ZCCM Investments Holdings PLC (ZCCM-IH) is pleased to announce its participation in the second tranche of the CEC Renewable Limited Green Bond with a USD10 million (approximately ZMW275 million) subscription.
The second tranche of the bond is aimed at raising USD96.7 million that will go towards funding the 136MW Itimpi-2 project, an expansion of 60MW Itimpi-1 solar PV plant.
ZCCM-IH Chief Executive Officer, Dr Ndoba Vibetti, highlighted the strategic importance of this subscription:
“Our mission is to create tangible wealth sustainably for the benefit of the Zambian people and all our stakeholders. This bond, which finances the development of solar projects, aligns with this mission and our strategic focus in growing our footprint in energy, particularly during the ongoing energy crisis, while also lowering ZCCM-IH’s overall carbon footprint.”
ZCCM-IH’s participation in the second tranche of the green bond aims at diversifying the composition of the company’s investment portfolio and enhancing its returns. This is aligned with the company’s 2023 2026 strategic plan that focuses on investments primarily in the mining and energy sectors.
This participation is further a testament of the company’s commitment to the development of local capital markets.
In December 2023, CEC Plc announced the Securities and Exchange Commission (SEC) registration of its USD200 million green bond under a 15-year Medium Term Note (MTN) Programme, a flagship transaction in Zambia aimed at financing CEC’s ambitions to invest in renewable energy projects with the capacity to generate at least 200MW of energy with a particular focus on solar energy.
In its first tranche, CEC raised USD54 million, and the proceeds were used to fund the development of Itimpi -1, a 60MW project on the Copperbelt Province commissioned in April 2024.
The green bond is privately placed and listed on the Lusaka Securities Exchange (LuSE) that complies with the ICMA Green Bond Principles, including participation from other local investors.
ZCCM-IH Change In Directorate
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the majority shareholder, the Industrial Development Corporation (“IDC”), appointed Mr Anthony Chilengi as Non-Executive Director on the ZCCM-IH Board effective 21st November 2024.
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Kasenseli Gold Mine Re-Opened
His Excellency, President Hakainde Hichilema, officially re-opened Kasenseli gold mine in Mwinilunga, Northwestern province, this afternoon. The reopening of the mine, which had been closed since 2021, is a testament to the Government’s commitment to unlock the nation’s mineral wealth for the benefit of all Zambians.
During his address, President Hichilema, emphasized the importance of responsible mining practices, job creation, and community development, ensuring that the mine’s operations contribute meaningfully to both local and national economic growth.
ZCCM-IH Board Chairperson, Mr. Kakenenwa Muyangwa, also spoke at the event and expressed gratitude to His Royal Highness Chief Chibwika and all key stakeholders involved in the Kasenseli Mine for their continuous support in ensuring the successful launch of the mine. Mr. Muyangwa called on all key players to prioritize Kasenseli Mine as a critical project, emphasizing its potential to economically benefit the people of Mwinilunga and the nation at large.
The Mine is being operated by Kamushinshi Mineral Resources Ltd a new joint venture between Zambia Gold Company Ltd and Chibwika Development Trust, this initiative also aligns with Zambia’s vision to maximize the potential of its mining sector while safeguarding the environment and uplifting mining communities.
DIREC TORS’ INTERIM UNAUDITED FINANCIAL RESULTS FOR ZCCM INVESTMENTS HOLDINGS PLC AND ITS SUBSIDIARIES (‘‘THE GROUP’’ ) FOR THE SIX MONTHS PERIOD ENDED 30TH JUNE 2024
INTRODUCTION
In compliance with the requirements of the “Securities Act, No. 41 of 2016 of the Laws of Zambia” and the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings PLC (“ZCCM-IH”, “ZCCM”, “the Company”, “We” or “Our”) announces the interim unaudited financial results of the Company and its Subsidiaries (colectively referred to as “the Group”) for the six months’ period ended 30th June 2024.
CHIEF EXECUTIVE OFFICER’S COMMENTARY
I am pleased to share ZCCM-IH’s financial results for the first half of 2024, which highlight several key strategic developments. A major highlight is our new partnership with Delta Mining Limited, focusing on Mopani Copper Mines Plc. Additionally, Konkola Copper Mines Plc (KCM) has successfully completed all necessary formalities, leading to Vedanta’s release of USD250 million. This marks the final step in the implementation agreement, resulting in KCM’s removal from the liquidation process. Following this, a new Board has been appointed, and Vedanta has officially taken over the operations of KCM.
Trading Statement – Financial Results (Half Year Ended 30 June 2024)
In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings (“ZCCM-IH” or “the Company”) and its subsidiaries (collectively, “the Group”) wishes to inform shareholders that the Earnings per Share (EPS) for the half year ended 30 June 2024 is expected to exceed that of the half year ended 30 June 2023 by 2396%.
Based on the financial results the Group’s Earnings Per Share (EPS) stood at ZMW344.05, compared to negative ZMW 14.98 Earnings Per Share in the same period of 2023. This improvement is largely driven by a one-time gain of ZMW 42.3 billion (US$1.66 billion) following the successful Strategic Equity Partnership (SEP) with International Resources Holding RSC Ltd (“IRH”). Through its subsidiary, Delta Mining Limited, IRH invested USD1.1 billion for a 51% ownership in Mopani Copper Mines Plc. Furthermore, the settlement of USD 1.7 billion in Glencore/Carlisa loans under the Amendment, Restatement, and Consolidation Agreement (ARCA) boosted the valuation of the Mopani asset, contributing to the Group’s EPS growth.
Invitation to ZCCM-IH Shareholder Open Day – Friday, 4th October 2024
ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) wishes to announce that it will be hosting
a Shareholder Open Day on Friday, 4th October 2024, at Southern Hotel, from 10:00 hours to 12:00 hours
(CAT). The event will be streamed live via ZOOM. This annual event is an opportunity for us to engage
with you, our valued shareholders, and provide updates on the company’s performance, strategic
direction, and future outlook.
The event will feature presentations by the Chief Executive Officer who will cover a detailed presentation
on our strategic roadmap, the Chief Investments Officer who will speak about upcoming projects,
including growth initiatives and investment opportunities and the Chief Financial Officer who will present
a comprehensive overview of our financial performance, including detailed analyses of our half year
results.
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Investment Opportunity in Rembrandt Properties Limited
ZCCM Investments Holdings PLC (ZCCM-IH) is pleased to announce an investment opportunity in real estate. Due to the strategic realignment of its portfolio, ZCCM-IH has set its focus solely on mining, energy, mining strategics and beneficiation. In line with this strategic direction, ZCCM-IH is seeking potential investors interested in acquiring a 49% or 100% equity stake currently held by ZCCM-IH in the real estate investment asset – Rembrandt Properties Limited.
ZCCM-IH hereby invites interested investors to explore this unique investment opportunity.
About Rembrandt
Rembrandt is 74-key boutique hotel gracing the opulent enclave of Woodlands, Lusaka Zambia. The hotel features conference facilities on the ground floor and an FNB private banking branch on the upper deck.
It opened to the public on 1st June 2022 and the current tenant and operator is The Urban Hotel Group.
ZCCM-IH holds a 49% stake in Rembrandt, while Urban Brands and Sims Capital jointly own 51% interest, split equally.
Call for Expression of Interest.
This is an opportunity for real estate funds, Real Estate Investment Trust’s, and hotel managers and operators to invest in a prime property through debt and/or equity.
Contact
Mr. Brian Musonda: Chief Investments Officer Email: brian.musonda@zccm-ih.com.zm
Mr. Bryson Kacha: Portfolio Manager – Non Mining Assets Email: bryson.kacha@zccm-ih.com.zm
ZCCM-IH Acquires Additional 10% Shareholding in Lubambe Copper Mines Ltd
28th August 2024, Lusaka Zambia: ZCCM Investments Holdings PLC (ZCCM-IH) is pleased to announce that it has reached an agreement with Jinchengxin Mining Management Company Ltd (JCHX) to acquire an additional 10% shareholding at US$1 in Lubambe Copper Mines Ltd (Lubambe). This transaction will increase ZCCM-IH’s ownership in Lubambe from 20% to 30%, and upon completion, JCHX’s stake will adjust from 80% to 70%. This transaction is expected to be finalized within the next six months.
In addition to the increased shareholding of 10%, ZCCM-IH will have marketing rights to copper ore concentrate output in proportion to its shareholding. This innovative arrangement is the first of its kind within ZCCM-IH portfolio and will ensure greater value extraction from the asset. The current Shareholder’s Agreement shall be revised accordingly to include other value extraction strategies for ZCCM-IH. This move aligns with ZCCM-IH’s ongoing strategic efforts to increase its stake in key mining and energy assets within Zambia. The increased equity will strengthen ZCCM-IH’s role in the governance, management and development of Lubambe Copper Mines, ensuring greater alignment with the interests of ZCCM-IH’s shareholders and Zambia’s national interests.
JCHX intends to invest approximately US$300 million into Lubambe for operations and extension of the life of mine. The mine is currently implementing initiatives to boost productivity and operational efficiency, and this partnership between ZCCM-IH and JCHX will further support these goals.
NOTICE OF THE BEST EVALUATED BIDDER
The Procurement Committee has since authorised award of contracts for the procurement requirements to the “best evaluated bidders” as detailed below.
It is, therefore, the intention of ZCCM-IH PLC to award stated contracts after five (5) working days from the date of display given below.
| Procurement Reference Number: | ZCCM-IH/074/2024 |
| Procurement Description: | Tender for the Supply and Delivery of Handheld XRF Machines to ZCCM-IH Mawe Complex in Kalulushi |
| Method of Procurement: | Open National Bidding (ONB) |
| Name of Best Evaluated Bidder: | Leshe Investments Limited |
| Address of the Best Evaluated Bidder: | Plot F/50A/A/10 Kalimina Road Makeni Bonaventure, Lusaka, Zambia |
| Proposed Contract Price: | ZMW 3,095,820.00 VAT Inclusive |
| Procurement Reference Number: | ZCCM-IH/175/2023 |
| Procurement Description: | Tender for the Extension and Modification of Kabwe Laboratory Works |
| Method of Procurement: | Open National Bidding (ONB) |
| Name of Best Evaluated Bidder: | Retro International Zambia Limited |
| Address of the Best Evaluated Bidder: | Plot 6282 Mapepe Road, Olympia Park, Lusaka, Zambia |
| Proposed Contract Price: | ZMW 2,533,618.70 VAT Inclusive |
| Date Notification Issued | Thursday,22nd August 2024 |
| Date for End of Notification Period: | Wednesday, 28th August 2024 |
Kindly note that this Notice does not constitute an award of contract to the bidders mentioned above. Bid acceptance and contract placement shall be in accordance with Regulation 178 and Part XIX of the Public Procurement Regulations,2022.
Bidders have the right of appeal against the proposed award in accordance with Section 100 of the Public Procurement Act No. 8 of 2020 and Regulation 241 of the Public Procurement Regulations, 2022. Furthermore, Pursuant to Section 23 of Public Procurement (Amendment) Act No.17 of 2023 any appeals shall be made within five (5) working days from the date of this notice.