ZCCM Engages Rothschild Bank To Up Production At Mopani Mines

ZCCM Investments Holdings (ZCCM-IH) has engaged globally renowned investment bank Rothschild & Co. to assist with its strategic review of Mopani Mines. Overall, the company aims to increase production at the mine in order to keep up with the government’s targets to produce three million metric tonnes of copper nationally by 2030.

According to the a statement from ZCCM-IH, the appointment of Rothschild follows a competitive procurement process in which five other companies, both local and international, took part.

The state investment firm notes that Rothschild have a strong reputation as a leading global financial services group, with a history of over 200 years at the centre of the world’s financial markets.

The investment bank will now undertake an assessment of the strategic options available to Mopani, in order to ensure the mine’s continued sustainability, growth and profitability.

The process is expected to last between six and twelve months, during which time production will continue uninterrupted.

ZCCM-IH says it is “committed” to seeing Mopani deliver its optimal production levels in order to support what it calls the “broader strategy of Government initiatives to revitalise the Zambian mining industry for the benefit of all Zambians.”

“Under strong stewardship, the sector will play a catalytic role in promoting industrialisation, employment creation and inclusive growth.”