ZCCM-IH approves $1.1bn Mopani investment
Published On February 26, 2024 » 1085 Views» By Times Reporter » Business, Stories
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ZCCM-Investment Holdings (ZCCM-IH) shareholders have approved a US$1.1 billion capital investment by International Resources Holding RSC Ltd, for the 51-per cent interest in Mopani Copper Mines (MCM).
The capital investment is through the International Resources Holding wholly-owned subsidiary, Delta Mining Limited.
The shareholders have also approved the formation of a strategic partnership with ZCCM-IH.
The investment comprises $620 million in new equity capital, up to $100 million in settlement of existing third-party letters of credit and up to $380 million of shareholder loans.

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