ZCCM-IH Highlights Mining Growth and Investment Confidence at Mining Insaka 2025
ZCCM-IH Reports $1 Billion Market Cap Milestone and Expands into Energy at Zambia’s Mining Insaka
ZCCM Investments Holdings Plc (ZCCM-IH) reaffirmed its commitment to driving Zambia’s mining growth and diversification during the official opening of the 2025 Zambia Mining and Investment Insaka at Mulungushi Conference Centre.
Delivering remarks on behalf of the company, Board Chairperson Mr. Phesto Musonda said ZCCM-IH’s sponsorship of this year’s event, in partnership with Mopani Copper Mines Plc, underscores its dedication to fostering national dialogue, investment, and sustainable mining development.
“Our sponsorship goes beyond symbolism. The Insaka is not just a conference — it is a meeting of minds shaping Zambia’s mining future,” Mr. Musonda stated.
He noted that Zambia’s prominence on the global mining stage continues to grow, citing ZCCM-IH’s recent participation alongside the Ministry of Mines at the Africa Down Under Conference in Perth, Australia.
Several investors engaged there, he said, have since joined the Lusaka Insaka — a reflection of the country’s stable and predictable investment climate under President Hakainde Hichilema’s leadership.
ZCCM-IH’s Transformation and Growth
Mr. Musonda described ZCCM-IH as a key pillar in Zambia’s economic transformation, moving from inherited liabilities to renewed prosperity. In 2025, the company surpassed $1 billion in market capitalisation on the Lusaka Securities Exchange — a milestone he called “a vote of confidence in Zambia’s economic reforms.”
He outlined ZCCM-IH’s performance under its four strategic pillars — Base Metals, Precious Metals, Industrials, and Energy — highlighting significant financial and operational achievements over the past decade:
Revenue increased from K113 million in 2020 to K3.2 billion in 2024.
Total assets more than doubled to K57.3 billion.
Earnings per share rose by over 1,600%.
Share price grew 329%, from K38 to K162.01.
Over K2.2 billion in dividends were paid to the national treasury.
“These achievements underscore Zambia’s resilience, reform, and renewal — and the power of clear policy matched with bold execution,” he said.
Investment Expansion in Energy and Mining
Building on this momentum, ZCCM-IH is expanding its footprint in both the energy and mining sectors. Mr. Musonda announced plans to add 300 megawatts through a Thermal Expansion Project and to commission a 100-megawatt solar plant in 2026 — key steps toward enhancing national energy security.
On the mining front, ZCCM-IH is driving exploration to support the government’s ambition of achieving three million tonnes of copper production. The company is advancing projects at the Mingomba deposit and new sites in North-Western Province, with the goal of reaching one million tonnes in the short term and three million in the long term.
Commitment to Sustainable and Inclusive Growth
This year’s conference theme, “Unlocking Africa’s Wealth through Sustainable Mining, Beneficiation, and Value Addition,” aligns with ZCCM-IH’s broader mission to translate mineral wealth into inclusive prosperity.
“We see mining as a catalyst for industrialisation, job creation, and national growth,” Mr. Musonda said.
He added that ZCCM-IH continues to diversify beyond copper into gold, lithium, phosphate, and fluorite, opening new opportunities for communities across Zambia. The company remains committed to ensuring that mining operations are formal, safe, transparent, and secure, in alignment with government policy.
Looking Ahead
Mr. Musonda reaffirmed ZCCM-IH’s partnership with government and stakeholders in shaping a resilient and globally competitive mining sector. Through continued investment, diversification, and adherence to sustainable practices, he said, ZCCM-IH aims to ensure that Zambia’s mineral wealth delivers long-term value for its citizens and investors alike.
