ZCCM IH Plc (Zambia) engages Rothschild & Co. SA for Mopani Copper Mines strategic review

By Published On: June 15th, 2022Categories: Corporate announcement

The Board of ZCCM Investments Holding Plc (“ZCCM-IH” or the “Company”) wishes to inform the shareholders and the market that the Company has engaged the international investment bank, Rothschild & Co., South Africa (Pty) Ltd (“Rothschild & Co.”) to assist ZCCM-IH with the strategic review of Mopani Copper Mines Plc (“MCM” or “Mopani”) to ensure its sustainability and continued development.

Rothschild & Co is a leading global financial services group, with a history of over 200 years at the centre of the world’s financial markets.

Shareholders and the market are aware that MCM has been a landmark asset and an internationally renowned operation within the global mining landscape for decades and remains of particular importance to both the surrounding communities and the Zambian nation at large. In this regard, therefore, the review will be undertaken to provide strategic options that will ensure Mopani is operating optimally.

It is expected that this process will be concluded within a period of six (6) months from the date of contract award, with the ability to extend for a further 6 month period, taking into account progress to date and the closing provisions of any transaction agreements that have been signed.

The Board of ZCCM-IH will update the market on the results of this exercise in due course.

By Order of the Board

Chabby Chabala
Company Secretary

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

ZCCM Investments Holdings Plc (ZCCM.zm)

Share price: 37.98 Kwacha (0.00 | 0.00% – 22/09/23)

Sign up for Email Alerts

Recent Documents & News