ZCCM Investments Holdings

Stock performance

History

ZCCM Investments Holdings was formed from the residual state interests remaining after the privatization of Zambia's formerly state-owned copper mining industry in the late 1990s, and has since served as the vehicle through which the Zambian government holds minority stakes in the major copper mines now operated by international mining companies.

Business model

ZCCM Investments Holdings manages the Zambian government's minority equity stakes in copper and cobalt mining operations across the country, most of which are now majority owned and operated by large international mining companies.

Market position

ZCCM Investments Holdings holds a unique position as the Zambian state's primary vehicle for participating in the country's copper mining industry, one of the largest in Africa, even though direct mine operation now rests largely with foreign majority owners.

Country impact

ZCCM Investments Holdings is a significant institution in Zambia given that copper mining remains the dominant sector of the Zambian economy and the country's largest source of export revenue and foreign investment.