ZCCM-IH acquires more shares in Lubambe
Published On August 29, 2024 » 344 Views» By Times Reporter » Business, Stories
 0 stars
Register to vote!
. Mbatha

By ANDREW MULENGA –
ZCCM-Investments Holdings (ZCCM-IH) has increased its shareholding in Lubambe Copper Mines (LCM) limited by 10 percent from the previously held 20 percent stake to now reach 30 percent.
According to a statement released by ZCCM-IH Corporate Affairs Manager Loisa Mbatha yesterday, this follows an agreement with Jinchengxin Mining Management Company (JCHX) to acquire an additional 10 per cent stake in the mine at US$1.
“This transaction will increase ZCCM-IH’s ownership in Lubambe from 20 per cent to 30 per cent, and upon completion, JCHX’s stake will adjust from 80-per cent to 70-per cent,” Ms Mbatha said.
Read more

Share this post
Tags

About The Author