ZCCM-IH aims for bigger stakes in Zambian mines
2026-05-18
ZCCM Investments Holdings (ZCCM-IH), Zambia’s state investment company, is actively pursuing a strategy to significantly increase its minority stakes in key Zambian mining operations. This move, articulated by CEO Kakenenwa Muyangwa, forms part of a broader drive by African nations to secure greater revenue from their critical mineral resources amid surging global demand from the electric vehicle and clean energy sectors. The initiative involves boosting existing holdings, implementing 'free carry' provisions on some licenses, and extending a successful royalty-to-revenue model, all aimed at supporting Zambia's ambitious goal of reaching three million tonnes of copper production by 2031.
