Zambia Consolidated Copper Mine Investment Holdings appoints new chair

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Zambia: The majority government-owned Zambia Consolidated Copper Mine (ZCCM) Investment Holdings has appointed Mabvuto Chipata its chair. ZCCM’s cement division faces the challenge of national overcapacity due to market saturation as it moves ahead with the US$600m construction of a 1.6Mt/yr integrated cement plant and 57MW power station in Masaiti, Copperbelt province. Thierry Charles, speaking on behalf of the Euronext minority shareholders, expressed relief at ‘the definitive turning of a page on several years of hazardous, inconsistent and disastrous investments.’

Last modified on 23 October 2019

URL: https://www.globalcement.com/news/item/10006-zambia-consolidated-copper-mine-investment-holdings-appoints-new-chair

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