Mopani Copper Mines PLC’s shareholder, ZCCM Investments Holding Plc (ZCCM-IH), has engaged a globally renowned investment bank to assist with the strategic review of Mopani.
ZCCM-IH Corporate Affairs Manager, Ms. Loisa Mbatha, said Rothschild & Co of South Africa has been engaged following a competitive procurement process in which five other companies, both local and international, participated.
“Rothschild & Co has extensive experience and an established reputation as a leading global financial services group, with a history of over 200 years at the centre of the world’s financial markets. Rothschild & Co will undertake an assessment of the strategic options available to the business (Mopani Copper Mines PLC) to ensure the sustainability, growth and profitability of MCM,” Ms. Mbatha said.
“The process is expected to be concluded within a period of six to 12 months, during which time Rothschild & Co’s involvement will not disrupt any business operations at Mopani. ZCCM-IH is committed to seeing that MCM delivers to its optimal production levels in order to contribute to the national production target of three million metric tonnes of copper by 2030 and the broader strategy of Government initiatives to revitalise the Zambian mining industry for the benefit all Zambians.”