ZCCM-IH

Archived Tenders, ZCCM-IH

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 IssuedThursday,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.
Corporate Announcements, Press Releases

KCM CAUTIONARY WITHDRAWAL ANNOUNCEMENT

The Board of Directors of ZCCM Investments Holdings Plc (“ZCCM-IH”) (“the Board”) wishes to refer the shareholders and the market to the announcement dated 23 May 2019 regarding ZCCM-IH filing a petition in the High Court of Zambia (“the Court”) for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”) and the subsequent appointment of Mr Milingo Lungu as Provisional Liquidator of KCM (the “Provisional Liquidator”) by the Court.

Shareholders are hereby informed that on 25th July 2024, ZCCM-IH filed an application to withdraw the Petition in the High Court of Zambia, and the Court subsequently issued an Order withdrawing the Petition and vacating the Order of Appointment of Ms Celina Mena Nair who replaced Mr. Milingo Lungu as the Provisional Liquidator. The Shareholders are further informed that pursuant to an Order of the Court Dated 28th June 2024, wherein the High Court ordered the termination of the winding up petition forthwith, vacation of the Provisional Liquidator, Reinstatement of the Board and the Reclassification as a going concern of KCM. ZCCM-IH filed into Court on 31st July 2024 a Notice of Termination of The Winding Proceedings, Vacation of the Provisional Liquidator, Reinstatement of the Board, and Reclassification as a going concern (the “Notice”). The effect of the said Notice is that KCM is no longer in Provisional Liquidation, the Board has been reinstated and management control returned to Vedanta Resources, the majority shareholder in KCM.

Accordingly, shareholders no longer need to exercise caution when dealing with this particular matter in their securities.

By Order of the Board

Charles Mjumphi Company Secretary

Issued in Lusaka, Zambia on 19 August 2024

KCM CAUTIONARY WITHDRAWAL ANNOUNCEMENT – SENS- 15-08-24- LM (003)Download
Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

ZCCM-IH Investee Company – Maamba Collieries Ltd – Granted Exploration Licensesfor Lithium and other Minerals in Southern Province, Zambia

08th July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) is pleased to announce that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia.
MCL intends to commence exploration as soon as possible to ascertain the presence of these minerals in these licence areas.
The licenses are valid for a period of four years during which period MCL plans to carry out detailed exploration to ascertain the presence of mineable resources of the various minerals and thereafter proceed to determine the quantum of resources and reserves if applicable.
These two license areas are located approximately 100 km southwest of MCL’s coal mine in Maamba.
Lithium is part of the critical battery metals that ZCCM-IH has planned to explore for in its 2020-2026 strategic plan. As such the granting of the two licences to its investee company contributes to the strategy to diversify the company’s mineral commodity base.
Investee Companies, Investee Company News, ZCCM-IH, ZCCM-IH News

Vedanta ready with $250 million funding to pay KCM Creditor

Friday 5th July,2024 Lusaka. Zambia- In a significant development, Vedanta has arranged USD 250 million funding to pay KCM Creditors as per High Court decision rendered on 28 June 2024. With Vedanta Resources’ reinstatement, Konkola Copper Mines (KCM) is poised for a new era of growth and prosperity. Vedanta Resources, the Government of the Republic of Zambia (GRZ), and ZCCM Investments Holdings Plc (ZCCM-IH) are working in close collaboration to complete all steps outlined in the transaction documents.
The parties involved are demonstrating their shared commitment to KCM’s long-term viability, ensuring a secure and sustainable future for the company. This cooperation marks a significant step forward, paving the way for a brighter future for KCM, its employees, and the communities it serves. Upon successful completion of all the relevant pre-condition steps in the transaction documents, the Escrow account will be funded on or around July 8, 2024, as directed by the High Court of Zambia with USD250 million to pay small creditors. Additionally, KCM employees will receive a one-off payment of K2500, and a 20% salary increment after board reinstatement, a significant boost to their remuneration package and a major
milestone in KCM’s journey towards a brighter future. It is expected these final steps should be concluded in the latter part of this month and the actual flow of all the relevant funds will likewise flow at that time.
With the transaction nearing completion, KCM will be poised to make a profound impact
on the local community, providing benefits such as education and healthcare
programmes, economic empowerment, and sustainable livelihood initiatives, ultimately
improving the overall quality of life for the people in the operational areas. Vedanta
remains committed to caring for the community.
ZCCM-IH, ZCCM-IH News

ZCCM-IH Shareholders in ZMW243 Million Dividend Payout as the Company Recordsa ZMW4.8 billion in Company Profit

03rd July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders approved a dividend of K243 million for the 2023 financial year during the Company’s 20th Annual General Meeting (AGM) held on Friday, 28th June 2024. Of this amount, ZMW187 million Kwacha will go to the Government of the Republic of Zambia through the Industrial Development Corporation (ZMW146 million) and the Ministry of Finance and National Planning (ZMW42 million).

The approval of the dividend follows a Company profit of ZMW4.84 billion recorded for the 2023 financial year end, a 14% increase from ZMW4.26 billion profit recorded in 2022. This improved performance at Company level was largely due to the royalty income of ZMW1.2 billion received from Kansanshi Mining Plc, and improvement in performance of investee companies in 2023, among others.

At the Group level, there was a 24% increase in losses, amounting to ZMW4.7 billion for 2023, primarily due to the underperformance of Mopani Copper Mines Plc. Despite this, the Group’s total assets rose by 20%, from ZMW48.92 billion to ZMW58.46 billion, driven by the increased value of investments in associates and other current assets.

The dividends declared for the 2023 financial year mark the ninth consecutive dividend declaration by ZCCM-IH, bringing the total dividends paid to shareholders since 2015 to over ZMW1.6 billion.
    Press Releases, ZCCM-IH, ZCCM-IH News

    ZCCM-IH Shareholders in ZMW243 Million Dividend Payout as the Company Records a ZMW4.8 billion in Company Profit

    03rd July 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders approved a dividend of K243 million for the 2023 financial year during the Company’s 20th Annual General Meeting (AGM) held on Friday, 28th June 2024. Of this amount, ZMW187 million Kwacha will go to the Government of the Republic of Zambia through the Industrial Development Corporation (ZMW146 million) and the Ministry of Finance and National Planning (ZMW42 million).


    The approval of the dividend follows a Company profit of ZMW4.84 billion recorded for the 2023 financial year end, a 14% increase from ZMW4.26 billion profit recorded in 2022.This improved performance at Company level was largely due to the royalty income of ZMW1.2 billion received from Kansanshi Mining Plc, and improvement in performance of investee companies in 2023, among others.


    At the Group level, there was a 24% increase in losses, amounting to ZMW4.7 billion for 2023, primarily due to the underperformance of Mopani Copper Mines Plc. Despite this, the Group’s total assets rose by 20%, from ZMW48.92 billion to ZMW58.46 billion, driven by the increased value of investments in associates and other current assets.


    The dividends declared for the 2023 financial year mark the ninth consecutive dividend declaration by ZCCM-IH, bringing the total dividends paid to shareholders since 2015 to over ZMW1.6 billion.
    Corporate Announcements

    ZCCM-IH- Transaction Completion Announcement-Mopani Copper Mines

    Shareholders are referred to the announcements ZCCM-IH released on the Stock Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LUSE”) on 10th November 2023, 30 November 2023, 22 December 2023, 1 February 2024 and 23 February 2024 regarding the up to US$1.1 billion capital investment by International Resources Holding RSC Ltd (“IRH”), through its wholly-owned subsidiary, Delta Mining Limited (“Delta”), for a 51% interest in Mopani Copper Mines plc (“MCM”) and the formation of a strategic partnership with ZCCM-IH. The investment will comprise US$620 million in new equity capital, up to US$100 million in settlement of existing third-party letters of credit and up to US$380 million of shareholder loans (the “Transaction”). The Company distributed a Transaction circular (the “Circular”) on 2 February 2024 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

    Download
    Corporate Announcements, ZCCM-IH, ZCCM-IH News

    ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction

    ZCCM INVESTMENTS HOLDINGS PLC

    Investing SMARTLY

    PRESS STATEMENT FOR IMMEDIATE RELEASE

    ZCCM-IH Shareholders Unanimously Approve the Mopani Copper Mines Transaction

     

    26th February 2024,

    Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) shareholders have unanimously approved the Mopani Copper Mines Plc (Mopani) transaction where Delta Mining Limited (Delta), a subsidiary of International Resource Holdings (IRH), has agreed to acquire a 51% shareholding in Mopani for a total investment of up to US$1.1 billion.
    The approval was given at the Shareholder’s Extraordinary General Meeting (EGM) held in

    Lusaka on 23rd February 2024.

    ZCCM-IH will retain 49% shares in Mopani, with 3 out of 9 board seats (5 by Delta and 1 by GRZ), and thus continue to participate in the governance of Mopani and have full visibility of its operations.

    Speaking after the EGM, ZCCM-IH Board Chairperson stated that “the transaction is a landmark achievement that delivers significant value to ZCCM-IH, Mopani, and the Zambian people, as it unlocks the long-term sustainability of Mopani operations, which contributes to the revitalisation of the Copperbelt”.

    “It’s pleasing to note that IRH has committed to retain Zambian workers, including the management team, who will be complimented by new skills and expertise from Delta to facilitate the expansion of MCM production to 200, 000 tonnes per annum”, remarked Mr Muyangwa.

    IRH have already proved their commitment by providing interim funding of $130m, before they take over, that has allowed continued payment to suppliers and contractors.

    Further, ZCCM-IH Board Director Mr Phillippe Taussac who represents minority shareholders said that “the extinguishing of the Mopani $1.5billion debt that ZCCM-IH had guaranteed, will certainly lead to significant improved financial performance for all ZCCM-IH’s shareholders”. Mr Taussac expressed happiness that ZCCM-IH now has a strong long-term strategic equity partner in Mopani, whilst remaining a significant shareholder in the company”.

    This transaction represents a major step for Zambia’s copper mining industry towards the

    achievement of the country’s 3 million metric tonnes of copper production per annum by 2030.

    Following the announcement of the transaction, the markets have responded positively with increased activity and share price appreciation. On the Lusaka Securities Exchange ZCCM-IH shares soared by 11.9% from K42 to K47 per share.

    End

    Issued by:
    ORIGINAL SIGNED
    Loisa Mbatha
    Corporate Affairs Manager ZCCM Investments Holdings Plc loisa.mbatha@zccmnew.wpenginepowered.com

     

    NOTE TO THE EDITOR:

    SUMMARY OF SOME KEY TERMS OF THE TRANSACTION

    1. Key Financial Terms:

      • Equity Component: US$620m

        • US$220m is payable at closing;
        • US$130m already advanced via interim financing shall be converted into equity
        • US$19m will be used to repay a portion of ZCCM-IH’s shareholderloan
        • The remaining US$71m will be used as working capital
        • US$400m will be allocated towards funding MCM’s project development plan and is payable as and when the funding is required

      • Loan Component: US$400m

        On closing, Delta will provide MCM with a loan of US$400m which will be used to settle all existing Glencore debt (2021 transaction debt and LCs)

        • The net result is a reduction in MCM’s debt burden by US$1.4bn
        • ZCCM-IH’s guarantee over Glencore’s debt will be releasedFurther loans of up to US$88m may be made available to MCM as shareholder loans, if required, based on the future working capital requirements

           

           

    2. Significantly improved financial performance for ZCCM-IH’s shareholders

      Line item

      Before

      Pro Forma Adjustments

      After

      %change

      Earnings Per Share (EPS) (ZMW)

      (23.54)

      92.37

      68.83

      392.4%

      Headline Earnings Per Share (HEPS) (ZMW)

      (23.54)

      55.27

      31.72

      234.8%

      Net Asset Value (NAV) per share (ZMW)

      49.18

      94.23

      143.42

      191.6%

       

    3. Renewal of GRZ’s golden share and one board seat.
    Press Releases, ZCCM-IH, ZCCM-IH News

    ZCCM-IH Has Not Lost Control of Kasenseli Gold Mine

     

    14th February 2024, Lusaka, Zambia: ZCCM Investments Holdings Plc (ZCCM-IH) would like to dismiss allegations that the Company has lost control of Kasenseli Gold Mine as reported in some sections of media houses.

    The resumption of mining operations at Kasenseli Gold mine is imminent following the amicable resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders (Kampoko Resources Ltd) and Chief Chibwika’s agreement to grant the consent to mine.

    ZCCM-IH hereby refutes the unsubstantiated reports that it has lost control of its stake in Mwinilunga’ s Kasenseli Mine which comprises of two mining pits, and that it has failed to pay a revenue share to PCB Mining Ltd as being inaccurate. The PCB matter is actively before the Courts of Law and there is no determination on the merits of the case in the Court of Appeal.

    ZCCM-IH continues to engage with all stakeholders inclusive of PCB who are currently involved in discussions to settle the disputes, and to operationalise the Kasenseli Mine as per ZCCM-IH’s mandate, for the benefit of the people of Mwinilunga and the Zambian people at large.