ZCCM-IH makes bumper loss in 2019

ZCCM-IH makes bumper loss in 2019

ZCCM Investment Holdings has recorded a loss of 107 million kwacha in 2019 compared to 433 million kwacha profit in 2018.

ZCCM-IH Chief Financial Officer Chilandu Sakala has attributed the loss to decreased dividends investee companies such as Kansanshi Mine.

And ZCCM-IH Chief Executive Officer Mabvuto Chipata says the Holding has devised strategies that will elevate it from being a minority shareholder to a significant minority shareholder.

Mr. Chipata has also revealed that a company called ZCCM Gold Company Limited has been formed to harness the Zambian gold sector.

He adds that ZCCM-IH will continue pursuing value addition in the Zambian mineral sector.

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