ZCCM-IH engages Rothschild to review Mopani

 ZCCM-IH engages Rothschild to review Mopani

By MAIMBO MWEEMBA
ZCCM Investments Holding Plc has engaged a globally renowned investment bank, Rothschild & Company South Africa Limited to assist with the strategic review of Mopani Copper Mines Plc.

This engagement follows a competitive procurement process in which five other companies, both local and international, participated.

Rothschild and Company has extensive experience and an established reputation as a leading global financial services group, with a history of over 2-hundred years at the center of the world’s financial markets.

Speaking in a statement to the media, ZCCM Investments Holdings Plc Corporate Affairs Manager, Loisa Mbatha said Rothschild and Company will undertake an assessment of the strategic options available to the business, to ensure the sustainability, growth and profitability of MCM.

She said the process is expected to be concluded within a period of six to twelve months, during which time Rothschild and Company involvement will not disrupt any business operations at the mine.

Ms Mbatha said ZCCM-IH is committed to see MCM deliver to its optimal production levels in order to contribute to the national production target of three million metric tons of Copper by 2030.