Cancellation – Request for Expressions of Interest (EOI) for the Valuation of Limestone Resources Limited – Tender No.: ZCCM-IH/010/2021

  1. This serves to inform all Prospective Consultants on the Cancellation of the Request for Expressions of Interest (EOI) for the Valuation of Limestone Resources Limited – Tender No.: ZCCM-IH/010/2021
  2. In accordance with the Public Procurement Regulations (PPR No.63 of 2011) Section 24 Sub Section 1, (A procuring entity shall avoid the cancellation of procurement proceedings whenever possible, but cancellation may be approved by the approvals authority where:(c) There is a significant change in the required technical details, Bidding Conditions, conditions of the contract or other details, such that the recommencement of the procurement proceedings is necessary.

K D Kabwe (Mrs.)
ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Complex Area
Lusaka, Zambia
Tel: +260-211-388000
E-mail: kabwek@zccmnew.wpenginepowered.com;

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CONSULTANT URGES GOVT TO TAKE UP SHARES IN PRIVATE MINES

A business consultant has advised government to take up shares in mines that are still in private hands.

Mr. Thomas Shikulu said the country has been lagging behind in terms of revenue collection from the mining sector and needs a pragmatic approach in which the mining sector is to be dealt with.

“We have also seen a change in the previous years…mining companies in the Copperbelt would also invest in a number of public goods like construction of roads, schools and hospitals; but with the mining companies of today this has gone down,”

Mr. Shikulu.

He added that this has led to low revenue collection for government which is supposed to use to invest in those particular goods.

The consultant further said government can increase stake in the mining sector which will lead to more decision making and increase their voice on board meetings, as they will encourage the sector to invest more in public goods.

Mr. shikulu explained that the strain on the government resource base will be reduced drastically and in turn fill up more resources for government to invest in other priority areas.

Meanwhile, business consultant Mubamba Sichilongo said the 90 percent sell by Glencore to ZCCM now has 100 percent ownership of Mopani Copper Mines.

“Would this be able to generate more revenue for the country from the mining sector? Perhaps before that, the question we need to ask is do we have sufficient capacity in terms of re-investment in the mines to reap the desired benefits,”

Mr. Sichilongo.

The consultant said a balance needs to be found to what extent foreign investors should be allowed to have their own shares.

 

Source : https://lusakastar.com/business/consultant-urges-govt-to-take-up-shares-in-private-mines

RETENDER – Invitation for Bids – Supply and Delivery of Various ICT Requirements – 26th January 202

RE – TENDER

Supply and Delivery of Various ICT Requirements

ONB No.: ZCCM-IH/009/2021

  1. ZCCM Investments Holdings Plc. (ZCCM-IH) has received financing from own sources toward CAPEX for the 2021 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Supply and Delivery of the following various ICT Requirements:
Lot No.DescriptionQuantityDelivery
1.Supply, Delivery and Installation of High-End Servers;046 weeks after Contract Award
2.Supply, Installation and Configuration of SAN Storage;026 weeks after Contract Award
3.Supply, Installation and Configuration of 24 Port SAN Switch;026 weeks after Contract Award
4.Supply, Installation and Configuration of 24 Port PoE CISCO Switches.056 weeks after Contract Award
5.Supply and Delivery of CISCO 2900 Series Routers;046 weeks after Contract Award
6.Supply and Delivery of Laptops;456 weeks after Contract Award
7.Supply and Installation of Incident Management Software;016 weeks after Contract Award
8.Supply and Installation of Local Area Network and Power Back Up Solution016 weeks after Contract Award
9Supply and Installation of Microsoft Office 365 Licenses and   Operating Systems 016 weeks after Contract Award
10Supply and Delivery of Printer Toner;406 weeks after Award
11COBIT Framework Training;054 Days
12Power Backup Maintenance Services.0412 Months
  1. 2. ZCCM-IH now invites sealed bids from eligible and qualified bidders for the Supply and Delivery of Various ICT Requirements. The delivery period is no more than six (06) weeks.
  2. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is open to all bidders from Eligible Source Countries as defined in the Bidding Documents.
  3. Interested eligible bidders may obtain further information from ZCCM-IH, K D Kabwe (Mrs.), E-mail: kabwek@zccmnew.wpenginepowered.com and inspect the Bidding Documents at the address given below from 08:00 – 13:00 and 14:00 – 17:00.
  4. Qualifications requirements include:
  5. i) Experience and Technical Capacity:
  • Carried out at least two (02) contracts of a similar nature and scope in the last five (05) years;
  1. ii) Liquidity of:

Lot 1 – ZMW 1,600,000.00
Lot 2 – ZMW 640,000.00
Lot 3 – ZMW 144,000.00  
Lot 4 – ZMW 88,000.00
Lot 5 – ZMW 28,800.00
Lot 6 – ZMW 900,000.00
Lot 7 – ZMW 67,200.00
Lot 8 – ZMW 120,000.00
Lot 9 – ZMW 360,000.00
Lot 10 – ZMW 116,800.00
Lot 11 ZMW 80,000.00
Lot 12 – ZMW 112,000.00

  1. A complete set of Bidding Documents in English may be purchased by interested bidders on the submission of a written Application to the address below and upon payment of a non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00).  The method of payment will be Cash or Bank Certified Cheque.

Please note that all Bidders that had paid the Non-Refundable fee of ZMW 500.00 to Zambia Public Procurement Authority (ZPPA) will   need to come through to the ZCCM-IH Office and present the receipt as confirmation of having purchased the Tender Document.

  1. Due to the COVID-19 pandemic, ZCCM-IH is requesting all potential bidders to deposit the non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00) stated in item 6 above into the following ZCCM-IH Account:

BANK: STANDARD CHARTERED BANK
BRANCH: Main Branch
ACCOUNT NAME: ZCCM INVESTMENTS HOLDINGS PLC
ACCOUNT NUMBER: 0100110001501
Currency: ZMW or USD equivalent.

  1. Bids must be delivered to the address below at or before 10:00 hours on 12th February 2021 (2 Weeks Bidding Period). Electronic bidding will not be permitted. Late bids will be rejected. Bids will be opened in the presence of the bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 12th February 2021. All bids must be accompanied by a Bid Securing Declaration.
  2. The address referred to above is:

K D Kabwe (Mrs.)
ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806,
Alick Nkhata Road
Mass Media Complex Area,
Lusaka, Zambia

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Invitation for Bids – Common Lease Holds

Retender – Provision of Common Leasehold Certificates of Title Deeds and Survey Diagrams for ZCCM-IH Property Assets in Lusaka, Kabwe, Chililabombwe, Mufulira and Chambishi
ONB No.: ZCCM-IH/092/2020

  1. ZCCM Investments Holdings Plc. has received financing from its own sources toward the CAPEX for the 2021 Financial Year, and it intends to apply part of the proceeds of this financing to payments under the Contract for the Provision of Common Leasehold Certificates of Title Deeds and Survey Diagrams for ZCCM-IH Property Assets in Lusaka, Kabwe, Chililabombwe, Mufulira, and Chambishi; Contract No.: ZCCM-IH/092/2020.
  2. ZCCM Investments Holdings Plc now invites sealed bids from eligible and qualified bidders for the Provision of Common Leasehold Certificates of Title Deeds and Survey Diagrams for ZCCM-IH Property Assets in Lusaka, Kabwe, Chililabombwe, Mufulira, and Chambishi:

          Lot 1 – Provision of Architectural Services to Provide Common Leasehold Certificates of Title Deeds (Duration – 4 months)
          Lot 2 – Provision of Survey Works for Stand-Alone Properties (Duration – 4 months)

  1. Bidding will be conducted through the Open National Bidding (ONB) procedures specified in the Public Procurement Act of 2008 and the Public Procurement Regulations of 2011 and is open to all bidders from Eligible Source Countries as defined in the Bidding Documents. The following CEEC preferential treatment shall be applied as part of the evaluation:

3.1 Citizen-influenced company – 4%
3.2 Citizen-empowered company – 8%
3.3 Citizen-owned company – 12%

  1. Interested eligible bidders may obtain further information from the address below and inspect the Bidding Documents at this address from 08:00 – 13:00 and 14:00 – 17:00 local time, Monday to Friday inclusive.
  2. Qualifications requirements include:
    1. Experience as a prime land surveyor in at least two (02) contracts of a similar nature and scope in the last five (05) years across commercial, retail, and residential markets.
    2. Experience as a prime contractor creating common leaseholds in the property industry in at least two (02) contracts of a similar nature and scope in the last five (05) years across commercial, retail, and residential markets;
    3. A minimum amount of liquid assets and/or credit facilities as follows:
      Lot 1 – ZMW 484,100; and
      Lot 2 – ZMW 383,850.
    4. Average Annual Turnover for the past three (03) years as follows:
      Lot 1 – ZMW 6,293,300.00; and
      Lot 2 – ZMW 4,990,050.00;
  1. A complete set of Bidding Documents in English may be purchased by interested bidders ON THE SUBMISSION OF A WRITTEN APPLICATION to the address below and upon payment of a non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00). Bidders are encouraged to request, in writing, a soft copy of the Bidding Document.
  2. Due to the COVID-19 pandemic, ZCCM-IH is requesting all potential bidders to deposit the non-refundable fee of Zambian Kwacha Five Hundred (ZMW500.00) stated in item 6 above into the following ZCCM-IH Account:

BANK: STANDARD CHARTERED BANK
BRANCH: Main Branch
ACCOUNT NAME: ZCCM INVESTMENTS HOLDINGS PLC
ACCOUNT NUMBER: 0100110001501

Currency: ZMW or USD equivalent.

  1. Bids must be delivered to the address below at or before 10:00 hours on Tuesday, 23rd February 2021. Electronic bidding shall not be permitted. Late bids will be rejected.  Bids will be opened physically in the presence of the bidders’ representatives who choose to attend in person at the address below immediately after 10:00 hours on 23rd February 2021.  All bids must be accompanied by a Bid Securing Declaration.
  2. The address referred to above is:

K D Kabwe (Mrs.)
ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Complex Area
Lusaka, Zambia
Tel: +260-211-388000

E-mail: kabwek@zccmnew.wpenginepowered.com; and temboc@zccmnew.wpenginepowered.com

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REQUEST FOR EOI FOR THE APPOINTMENT OF THE TRANSACTION ADVISORY TEAM FOR THE EURONEXT LISTING UPGRADE

REQUEST FOR EXPRESSIONS OF INTEREST (EOI) FOR THE APPOINTMENT OF THE TRANSACTION ADVISORY TEAM FOR THE EURONEXT LISTING UPGRADE – TENDER NO.: ZCCM-IH/004/2021

  1. INTRODUCTION

ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) is an investment holding company with diversified interests in mining, energy, property and other sectors of the Zambian economy.

The Zambian Government (“GRZ”) directly holds 17.25% of the shares in ZCCM-IH and 60.28% indirectly through Industrial Development Corporation (“IDC”), an investment company wholly owned by the Zambian Government. With the remaining 22.47% being held by institutions and individuals. The geographical spread of the minority shareholders, who number around 3,000, covers Europe, Africa, the Caribbean, Australia, Asia and the USA.

  1. BACKGROUND

ZCCM-IH is currently listed on the following three (3) stock exchanges:

    1. A primary listing on the Lusaka Securities Exchange (“LuSE”), having listed on 24 January 1996;
    2. A secondary listing on the London Stock Exchange (“LSE”), having listed on 29 June 1970; and
    3. A secondary listing on Euronext, Paris, having listed in October 1970.

The Company’s shares are split across the three (3) exchanges as follows:

DescriptionTotal Shares%
Euronext10 619 5776.60
LuSE52 961 34632.94
LSE218 0900.14
GRZ – Class A Shares96 926 66960.23
Reconciling Balance(1 512) 
Totals160 800 286100.00

Majority of the listed ZCCM-IH shares are listed on the LuSE, however, significant share trading activity takes place on the Euronext. Currently, ZCCM-IH share activity on all 3 exchanges has been plagued with illiquidity and a decreasing or stagnant stock price despite a positive turnaround in the Company’s earnings.

In an effort to restructure ZCCM-IH’s stock exchange listings to enhance shareholder value, increase its visibility in the stock markets and thereby trading activity on its secondary exchange listings, the Board of ZCCM-IH approved the upgrading of the listing of the ZCCM-IH shares on the Euronext Stock Exchange from the Access tier to the Growth tier (“the Transaction”).

Therefore, ZCCM-IH requires the services of an Advisory firm to successfully upgrade its listing on Euronext Access to Euronext Growth.

  1. Objective of the assignment

The Transaction Advisory Firm’s key objectives will be to:

    1. To advise on the listing upgrade methodology; and
    2. To actualize the listing upgrade in a manner consistent with all applicable rules and regulations.

ZCCM-IH now wishes to engage a Consulting firm for the Euronext Listing Upgrade.

ZCCM-IH now invites eligible consultants to indicate their interest in providing the above services. Interested firms must provide information to demonstrate that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions etc.)

Interested consultants may obtain further information at the address below during office hours between 08:00 – 13:00 hours and between 14:00 – 17:00 hours local time from Monday to Friday.

A consultant will be selected using Quality Cost Based Selection (QCBS) method. Interested consultants must submit Interested firms must submit one (01) original and three (03) hard copies of the Expression of Interest (EOIs) to the address below no later than Wednesday 10th February 2021.

Procurement Manager
ZCCM Investments Holdings Plc
ZCCM-IH Office Park
Stand No. 16806, Alick Nkhata Road
Mass Media Complex Area
P.O. Box 30048
Lusaka.

Email: kabwek@zccmnew.wpenginepowered.com

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Zambia: Global Copper Recovery to Lift Zambia’s Economy

Lusaka, Zambia — A RALLY in the price of copper globally is a major boost for Zambia in its efforts to revive the economy impacted by the coronavirus (COVID-19) and drought.

The sharp recovery in the price of the commodity has been on the back of United States policy expectations as the new administration of president-elect, Joe Biden, assumes office.

The administration has announced an aggressive fiscal stimulus package.

Copper prices are up to more than US$7,95 per tonne, having already gained 2,42 percent for the year.

Rand Merchant Bank (RMB) concurred with market sentiments that prices were expected to climb with potential scenarios similar to the global financial crisis where prices climbed to over $9 000/tonne.

“Such moves would greatly benefit environments like Zambia that need to beef up their reserve base as part of their economic recovery plan targets,” RMB experts, Daniel Kavishe and Neville Mandimika, stated.

Zambia is Africa’s second-largest producer of copper, after the Democratic Republic of Congo.

In 2020, it produced more than 646 000 tonnes of the metal in the first nine months of 2020, up from 590,321 tonnes in the same period last year

Copper mining is central to the economic prospects for the Southern African country and covers more than 80 percent of all exports.

On Tuesday, Glencore, the Anglo-Swiss firm, confirmed the sale of its 73 percent stake in Mopani Copper Mines to Zambia Consolidated Copper Mines (ZCCM).

Kavishe and Mandimika gave the transaction a thumbs-up.

“Our current analysis suggests that an increased stake in the mine would enable the Zambian government to benefit from higher dividend pay-outs in future,” the RMB experts stated.

 

Source : https://allafrica.com/stories/202101210506.html

BOARD CHAIRMANS SPEECH ON ZCCM-IH’S ACQUISITION OF 90% SHARES IN MOPANI COPPER MINES

Good morning

Today’s event is a momentous occasion for ZCCM-IH and the country, as we pen down an agreement with our counterparts  to acquire 90%  of their shares in Mopani Copper Mines Plc.

In September last year, we announced to the market that  ZCCM-IH was in discussions with Glencore Finance (Bermuda) Ltd regarding the future of Mopani Copper Mines Plc

This move is in line with one of our new strategic pillars in our new strategic plan for 2020 to 2026, that aims at increasing our stakes in existing mining firms were we have minority stakes.

Hence, the acquisition of the 90% shares previously held by Carlisa Investments Corporation representing Glencore (73.1%) and First Quantum Minerals (16.9%) is a strategic move as we look to maximising shareholder value for the benefit of all stakeholders.

In line with the requirements of Section 9 of the Lusaka Securities Exchange Listing Requirements, we will give a detailed announcement in the course of this week, that sets out the salient features of the Acquisition.

Ladies and Gentlemen

As you may know, Mopani Copper Mines assets include operations that consist of four underground mines, a concentrator and a cobalt plant in Kitwe, and an underground mine, concentrator, smelter and refinery in the town of Mufulira, among others.

The remaining life of mine is 26 years for Nkana and 16 years for Mufulira, with 110 million tonnes in total, of proven ore reserves and copper grade of 1.89% as at 31st December 2019.

Suffice to say, Mopani has been operating for the past nine months without any capital injection from shareholders.

Our priority then is to turn around this asset  through  cost containment and Increased production output by bringing on line new production areas.

We will continue to give support to the hospital, the school and other social activities.

We will ensure continued operations of the mine, safeguarding of jobs and growth for the betterment of the country.

Ladies and Gentlemen

In line with our vision of being a world class investment holding company with a focus on mining, ZCCM-IH  will uphold the highest institutional standards in Environmental, Social and Governance principles and Transparency, driven by our extensive and deep industry knowledge and technical expertise in mining, financial and investment management.

As I conclude, I would like to express gratitude to Government through the Ministry of Mines, for the support rendered during the whole process, and to Glencore for its cooperation and patience.

And we also applaud Mopani management for keeping the mine afloat in the past months.

Thank you, and God bless you all.

 

Source : http://fizambia.com/?p=9588

Cautionary Announcement on KCM from ZCCM IH

Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May 2019, concerning the filing by ZCCM-IH of a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”), the appointment by the Court of Mr Milingo Lungu as provisional liquidator of KCM (the “Provisional Liquidator”) and the legal proceedings commenced in the High Court of South Africa and applications made to the Zambian High Court by Vedanta Resources Limited and Vedanta Resources Holdings Limited (together “Vedanta”).

Shareholders are informed that Vedanta appealed against the decision of the High Court which denied them their application to stay the liquidation proceedings and refer the matter to arbitration. The Court of Appeal on 20 November 2020 ruled in favour of Vedanta and stayed the liquidation proceedings and referred the matter to arbitration.

ZCCM-IH intends to appeal against the decision of the Court of Appeal and to stay the judgment.
ZCCM-IH will provide details on this matter, as it progresses, in due course.

In the meantime, Shareholders of ZCCM-IH are advised to exercise caution when dealing in securities of the Company until further information is published.

By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on07 January 2021

 

Source : http://fizambia.com/?p=9598

Zambia: Global Copper Recovery to Lift Zambia’s Economy

Lusaka, Zambia — A RALLY in the price of copper globally is a major boost for Zambia in its efforts to revive the economy impacted by the coronavirus (COVID-19) and drought.

The sharp recovery in the price of the commodity has been on the back of United States policy expectations as the new administration of president-elect, Joe Biden, assumes office.

The administration has announced an aggressive fiscal stimulus package.

Copper prices are up to more than US$7,95 per tonne, having already gained 2,42 percent for the year.

Rand Merchant Bank (RMB) concurred with market sentiments that prices were expected to climb with potential scenarios similar to the global financial crisis where prices climbed to over $9 000/tonne.

“Such moves would greatly benefit environments like Zambia that need to beef up their reserve base as part of their economic recovery plan targets,” RMB experts, Daniel Kavishe and Neville Mandimika, stated.

Zambia is Africa’s second-largest producer of copper, after the Democratic Republic of Congo.

In 2020, it produced more than 646 000 tonnes of the metal in the first nine months of 2020, up from 590,321 tonnes in the same period last year

Copper mining is central to the economic prospects for the Southern African country and covers more than 80 percent of all exports.

On Tuesday, Glencore, the Anglo-Swiss firm, confirmed the sale of its 73 percent stake in Mopani Copper Mines to Zambia Consolidated Copper Mines (ZCCM).

Kavishe and Mandimika gave the transaction a thumbs-up.

“Our current analysis suggests that an increased stake in the mine would enable the Zambian government to benefit from higher dividend pay-outs in future,” the RMB experts stated.

Source: https://allafrica.com/stories/202101210506.html

Tender Cancellation – Supply Delivery and Installation of Various ICT Requirements

Cancellation of Tender for Supply, Delivery, Installation of Various ICT Requirements to ZCCM-IH
ONB No.: ZCCM-IH/130/2020 (Tender No. 115/2020 on the e-GP System)

  1. This serves to inform all Prospective Bidders on the Cancellation of the Tender for the Supply, Delivery, Installation of Various ICT Requirements to ZCCM-IH; Contract No.: ZCCM-IH/130/2020 (115/2020 on the e-GP System).
  2. In accordance with the Public Procurement Regulations (PPR No.63 of 2011) Section 24 Sub Section 1, (A procuring entity shall avoid the cancellation of procurement proceedings whenever possible, but cancellation may be approved by the approvals authority where:(c) There is a significant change in the required technical details, Bidding Conditions, conditions of the contract or other details, such that the recommencement of the procurement proceedings is necessary and (f) it is otherwise in the Public Interest. This is as a result of failure to revise the Tender closing date on the e-GP system Tender Structure, from the 4th January 2021 to 18th January 2021 as per Tender Clarification published by the Procuring Entity on the 28th December 2020.
  3. Kindly note that a Retender will be uploaded on the ZPPA e-GP System in due course.

K D Kabwe (Mrs.)
ZCCM Investments Holdings Plc.
ZCCM-IH Office Park, Stand No. 16806
Alick Nkhata Road, Mass Media Complex Area
Lusaka, Zambia
Tel: +260-211-388000
E-mail: kabwek@zccmnew.wpenginepowered.com;

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