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ZCCM Investments Holdings: Difference between revisions
From Chalo Chatu, Zambia online encyclopedia
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Prior to privatization in 2000, ZCCM Ltd was a consolidated copper-mining conglomerate, majority-owned by the Government of the Republic of Zambia (GRZ). Put in other words, until 31 March 2000, ZCCM Ltd was a 60.3% state-owned, mine-operating company in which Zambia Copper Investments Ltd (ZCI), an associate company of Anglo American Plc, held 27.3% of shares, with the balance of 12.4% of shares held by private investors. | Prior to privatization in 2000, ZCCM Ltd was a consolidated copper-mining conglomerate, majority-owned by the Government of the Republic of Zambia (GRZ). Put in other words, until 31 March 2000, ZCCM Ltd was a 60.3% state-owned, mine-operating company in which Zambia Copper Investments Ltd (ZCI), an associate company of Anglo American Plc, held 27.3% of shares, with the balance of 12.4% of shares held by private investors. | ||
Since privatisation of ZCCM, ZCCM Investments Holdings Plc (ZCCM-IH) is an investments holdings company which is listed on the [[Lusaka Stock Exchange]], the | Since privatisation of ZCCM, ZCCM Investments Holdings Plc (ZCCM-IH) is an investments holdings company which is listed on the [[Lusaka Stock Exchange]], the London Stock Exchange and on Euronext in Paris, 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 77.7% shareholding, and institutions and individuals, with 22.3% of shares. | The company's shareholders are the Government of the Republic of Zambia (GRZ), with 77.7% shareholding, and institutions and individuals, with 22.3% of shares. | ||
