• Version
• Download 87
• File Size 381.11 KB
• File Count 1
• Create Date October 1, 2024
• Last Updated October 1, 2024

DIREC TORS’ INTERIM UNAUDITED FINANCIAL RESULTS FOR ZCCM INVESTMENTS HOLDINGS PLC ...

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.

Attached Files