ZCCM INVESTMENTS HOLDINGS
PLC
Investing
SMARTLY
PRESS
STATEMENT
FOR IMMEDIATE
RELEASE
ZCCM-IH Investee Company -
Maamba Collieries Ltd - Granted Exploration
Licenses
for Lithium and other
Minerals in Southern Province, Zambia
08th July 2024, Lusaka, Zambia: ZCCM
Investments Holdings Plc (ZCCM-IH) is pleased to announce that its
investee company, Maamba Collieries Limited (MCL), in which it has
a shareholding of 35%, has been issued two Large Scale Exploration
Licenses for Lithium and other minerals (amethyst, aquamarine,
tantalum and tin) in the Southern Province of Zambia.
MCL intends to commence exploration
as soon as possible to ascertain the presence of these minerals in
these licence areas.
The licenses are valid for a period
of four years during which period MCL plans to carry out detailed
exploration to ascertain the presence of mineable resources of the
various minerals and thereafter proceed to determine the quantum of
resources and reserves if applicable.
These two license areas are located
approximately 100 km southwest of MCL's coal mine in
Maamba.
Lithium is part of the critical
battery metals that ZCCM-IH has planned to explore for in its
2020-2026 strategic plan. As such the granting of the two licences
to its investee company contributes to the strategy to diversify
the company's mineral commodity base.
End Issued by:
ORIGINAL SIGNED
Loisa Mbatha
Corporate Affairs Manager
ZCCM
Investments Holdings Plc
loisa.mbatha@zccm-ih.com.zm
NOTE TO THE
EDITOR:
About ZCCM Investments Holdings Plc
ZCCM Investment Holdings PLC
(ZCCM-IH) is an investment holding company with strategic interest
in Zambia's mining and energy sectors. ZCCM-IH is majority owned by
the Government of the Republic of Zambia with 17.25% shares through
the Ministry of Finance and 60.28% shares held through the
Industrial development Corporation (IDC) Zambia, with the remaining
22.47% held by various institutional and private individual
shareholders. ZCCM-IH has a primary listing on the Lusaka
Securities Exchange and secondary listings on the Paris Euronext
Access and the London Stock Exchange. ZCCM-IH has a 35%
shareholding in Maamba Collieries Ltd.
The
"ZCCM" in the company name 'ZCCM Investments Holdings Plc' is not
an acronym and thus does NOT stand for "Zambia Consolidated Copper
Mines Limited" following
privatisation in the year 2000.