ZCCM Investments Holdings (FR:MLZAM) has released an update.
ZCCM Investments Holdings PLC has announced that EMR Capital has divested its 80% stake in Lubambe Copper Mines to JCHX Mining Management Company Limited, who plans to invest approximately USD 300 million in the mine through its subsidiary Sundimo Mining Investments Limited. The investment is directed towards operational enhancements and extending the mine’s lifespan, with new shareholder agreements to be discussed between ZCCM-IH and Sundimo. This strategic partnership is expected to bring added value to ZCCM-IH and its stakeholders.
For further insights into FR:MLZAM stock, check out TipRanks’ Stock Analysis page.