ZCC Zccm Investments Holdings Plc

 

TIDMZCC 
 
RNS Number : 7147M 
ZCCM Invs.Hldgs PLC 
03 February 2009 
 
ZCCM Investments Holdings Plc 
[Incorporated in the Republic of Zambia] 
Company registration number: 771 
Share Code: ZCCM -IH 
ISIN: ZM0000000037 
["ZCCM - IH " ] 
 
 
PRESS RELEASE 
 
 
MAAMBA COLLIERIES LIMITED 
 
 
STRATEGIC EQUITY PARTNER BIDS EVALUATION 
 
 
ZCCM Investments Holdings Plc (ZCCM-IH), an investment holdings company which is 
listed on the Lusaka Stock Exchange, acquired 100 per cent shareholding in 
Maamba Collieries Limited (MCL) in 2007. During the same year, ZCCM-IH put out a 
Request for Proposals in the press inviting qualified and experienced companies 
to bid as Strategic Equity and Technical Partners in MCL. The advert requested 
for parties to submit proposals for the development of the coal mine and a 
thermal power plant in partnership with ZCCM-IH. 
 
 
The two bidders that submitted their best and final offers by 2nd January 2009 
were: 
 
 
  *  Nava Bharat (Singapore) Pte Ltd, and 
  *  Vedanta Resources Plc 
 
 
 
ZCCM IH is pleased to announce that after adjudication of the bids, Nava Bharat 
(Singapore) Pte Ltd has been selected as the Preferred Bidder with whom ZCCM IH 
will commence discussions as regards the development of the coal mine and a 
thermal power plant. 
 
 
Notwithstanding the foregoing, if all technical, commercial and contractual 
issues have not been resolved within eight (8) weeks of the date of award of 
Preferred Bidder status, ZCCM-IH reserves the right to cancel the award to the 
Preferred Bidder. 
 
 
 
 
 
 
 
 
Lusaka 
3 February 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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