• This engagement follows a competitive procurement process in which five other companies, both local and international, participated.
• Rothschild & Company has extensive experience.
• The process is expected to be concluded within a period of six to twelve months.
ZCCM Investments Holding Plc (ZCCM-IH) has pledged its commitment to ensure that Mopani Copper Mines delivers to its optimal production levels.
In a statement, ZCCM-IH Corporate Affairs Manager Loisa Mbatha said this is in a bid to ensure that the Mine contributes to the national Copper production target of three million metric tonnes by 2030 and the broader strategy of Government initiatives to revitalise the mining industry for the benefit all Zambians.
Ms. Mbatha explained that under strong stewardship, the mining sector will play a catalytic role in promoting industrialisation, employment creation and inclusive growth.
She said it is for this reason that ZCCM-IH has engaged a globally renowned investment bank, identified as Rothschild & Company of South Africa to assist with the strategic review of Mopani Copper Mines.
“This engagement follows a competitive procurement process in which five other companies, both local and international, participated.”
“Rothschild & Company has extensive experience and an established reputation as a leading global financial services group, with a history of over 200 years at the centre of the world’s financial markets,” Ms. Mbatha said.
Ms. Mbatha stated that investment bank will undertake an assessment of the strategic options available to the business, to ensure the sustainability, growth and profitability of the Mining firm.
“The process is expected to be concluded within a period of six to twelve months, during which time Rothschild & Company’s involvement will not disrupt any business operations at the mine,” she added.