• Put in the much needed liquidity in of Mopani Copper Mine.
• Open up the mine to other investors.
• With the acquisition of 100% shares ZCCM-IH will now be able to decide the direction of the mine.

An Investment Expert has advised ZCCM-IH to put in the much needed liquidity in the running of Mopani Copper Mine now that it has acquired 100 percent shares in the mining firm.
Speaking in an interview with Money FM News, Kenny Sinyangwe has since called on ZCCM-IH to open up the mine to other investors that can bring in their concentrate and copper to ramp up production.
Mr Sinyangwe observed that if ZCCM-IH depends on the copper within Mopani it may struggle to meet its obligation.
He added that previously ZCCM-IH was a dormant shareholder that never had any voting right in the firm.
“It’s whether or not they are capable of meeting the cash flow requirement of running the mine, whether they can put in the much needed liquidity because previously, ZCCM-IH was a dormant shareholder that never had any voting right in the firm, ”he said.
Mr Sinyangwe noted that with the acquisition of 100% shares in the mine, ZCCM-IH is now the one to decide which direction the mine should take and what future investments will be required to manage the mining firm.
“My recommendation to them is that they should open up Mopani to other investors that can bring in their concentrate and copper to ramp up production, ”he said.
Yesterday ZCCM-IH acquired 100 percent shareholding in Mopani Copper Mines (MCM) in a $1.5 billion deal.
ZCCM-IH Board Chairperson Eric Silwamba said the move is in line with one of its pillars in its strategic plan for 2020 to 2026 that aims at increasing its shares in existing mining firms.