ZCCM-IH posts K55bn
Published On October 1, 2024 » 513 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI
ZCCM-Investment Holdings (ZCCM-IH) has recorded a staggering profit of K55.32 billion in the half year ending June 30 this year.
The company has attributed the profit to the US$1.1 billion capital investment by International Resources Holding (IRH), through its wholly owned subsidiary, Delta Mining Limited for a 51 percent interest in Mopani Copper Mines (MCM)plc and the formation of a strategic partnership with ZCCM-IH.
ZCCM-IH stated that the strategic partnership resulted in a significant one-off gain of K42.3 billion recognised from ZCCM-IH’s investment in the Mopani asset, reflecting a major improvement in the asset’s valuation following recent developments.

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