ZCCM

MLZAM - ZM0000000037 SRD PEA PEA-PME
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ZCCM-IH owns 100% shares in Kariba

02/01/2019 par Titicopper 1
ZCCM-IH owns 100% shares in Kariba
January 1, 2019

TRYNESS TEMBO, Lusaka
ZCCM-Investment Holding (ZCCM-IH) has acquired an additional 50 percent shareholding in Kariba Minerals Limited from Gemfields Limited at a cost of US$2.5 million.
The acquisition means that ZCCM-IH now owns 100 percent shares in Kariba Minerals Limited.
According to the directors’ interim unaudited financial results for ZCCM-IH and its subsidiaries for the six months period ended September 30, 2018, transaction completion is subject to regulatory approvals by various regulatory bodies
“Going forward, ZCCM-IH will implement a robust strategic plan aimed at improving production, processing and marketing activities to increase profitability of the mine,” the report reads.
Meanwhile, plans by ZCCM-IH to acquire Kapiri Glass Manufacturing (KGM) company have been put on hold due to legal action taken against the firm by the current owners http://epaper.daily-mail.co.zm/
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