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Mining & Natural Resources
Zambia possesses two sets of geological records,
the national records, which are held by the Govern-
ment of Zambia in Lusaka, and the privately owned
records, which are maintained by the Chamber of
Mines. Zambia is unique in this sense as in other
countries the government is the sole owner of such
geological records. The Chamber maintains an im-
pressive collection of historical data regarding drill
cores, samples, and historical information regarding
areas of exploration.
Zambia possesses a lot of potential in regards to
growth in the mining sector. It is a country indeed
heavily endowed with vast mineral resources, how-
ever, due to the industry’s historical development;
only part of the country has been adequately ex-
plored and mapped for geological projects. Thus,
despite being very well endowed with minerals,
Zambia has not yet been fully explored via modern
methods. A lot is still unknown, which presents excit-
ing opportunities for Zambia and investors.
The Chamber aims to facilitate the growth of the min-
ing industry, diversify mining operations, and help in-
crease those interested in operating in Zambia to do
so. Zambia has always been a significant copper
producing country, but the potential in other mineral
resources is huge. Many investors are entering into
the market of gemstones and semi-precious stones.
The Chamber had identified these resources as a
significant part of the diversification plan for the sec-
tor. This would subsequently assist in reducing the
negative impact and effects that changing copper
prices have on both the Zambian mining industry
and the Zambian economy as a whole.
ZCCM INVESTMENTS HOLDINGS PLC
5309 Dedan Kimathi Road, Mukuba Pension
House, P.O. Box 30048, Lusaka
Tel: +260-211 221023/ 220540
Fax: +260-211 220449/ 220727
corporate@zccm-ih.com.zm
In 1969, the two major copper mining companies,
Nchanga Consolidated Copper Mines and Roan
Consolidated Mines, were 51% nationalized; they
were reorganized in 1974 under management ap-
pointed by the government, and merged into ZCCM
in 1982. In 2000, the copper industry began its first
full year of private operation since 1968, after the
government-directed privatization of Zambia Con-
solidated Copper Mines (ZCCM) assets.
ZCCM, was transformed into an investment compa-
Munali Nickel mine-Mazabuka.
ny, ZCCM Investments Holdings Plc (ZCCM-IH), an
investments Holdings Company, which is listed on
the Lusaka, London, and Euronext Stock Exchang-
es, and has the majority of its investments held in
the copper mining sector of Zambia. The Company’s
shareholders are the Government of the Republic of
Zambia (GRZ) with 87.6% shareholding and private
equity holders with 12.4%. Minority shareholders are
spread throughout the world in various locations.
ZCCM-IH retained 10% to 20% of the shares in its
newly created mining companies. These changes
facilitated certainty of production through the inflow
of significant capital equipment, additional manage-
ment/ technical expertise and provision of adequate
working capital.
ZCCM Investments Holdings Plc (ZCCM-IH) Associ-
ate Companies include:
• Mopani Copper Mines Plc
• Chambishi Metals Plc
• Konkola Copper Mines Plc
• NFC Africa Mining Plc
• Kansanshi Mining Plc
• Luanshya Copper Mines Plc
• Equinox Minerals Ltd (Lumwana Copper Project)
• Chibuluma Mines Plc
• Copperbelt Energy Corporation Plc
The company aims to seek equity partners; local
and external, possessing appropriate competence
and skills to manage the ventures successfully. This
action is intended not only to contribute to national
employment creation but also to expand and provide
a sustainable investment portfolio to meet future
challenges as an investment holding company.
The challenge of the present investment portfolio is
hinged on the continued reduction of unit operating
costs and the continued realization of favourable
selling prices. To this end, it is noted that efforts be-
ing within the various units of the overall ZCCM-IH
portfolio have recorded notable successes.