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ZCCM
ZCCM Investments Holdings is a successor company to Zambia Consolidated Copper Mines Limited (ZCCM Ltd), of Zambia. History The company, ZCCM, was formed by a gradual process of nationalization and corporate concatenation which began in January 1970; the process is more completely described in the article Economy of Zambia. A major switch in the structure of Zambia's economy came with the ulungushi Reforms of April 1968: the government declared its intention to acquire equity holdings (usually 51% or more) in a number of key foreign-owned firms, to be controlled by a parastatal conglomerate named the Industrial Development Corporation (INDECO). By January 1970, Zambia had acquired majority holding in the Zambian operations of the two major foreign mining corporations, the Anglo American Corporation and the Rhodesia Selection Trust (RST); the two became the Nchanga Consolidated Copper Mines (NCCM) and Roan Consolidated Mines (RCM), respectively. The Zambian government then cre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zambia Consolidated Copper Mines
ZCCM Investments Holdings is a successor company to Zambia Consolidated Copper Mines Limited (ZCCM Ltd), of Zambia. History The company, ZCCM, was formed by a gradual process of nationalization and corporate concatenation which began in January 1970; the process is more completely described in the article Economy of Zambia. A major switch in the structure of Zambia's economy came with the ulungushi Reforms of April 1968: the government declared its intention to acquire equity holdings (usually 51% or more) in a number of key foreign-owned firms, to be controlled by a parastatal conglomerate named the Industrial Development Corporation (INDECO). By January 1970, Zambia had acquired majority holding in the Zambian operations of the two major foreign mining corporations, the Anglo American Corporation and the Rhodesia Selection Trust (RST); the two became the Nchanga Consolidated Copper Mines (NCCM) and Roan Consolidated Mines (RCM), respectively. The Zambian government then c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ndola Lime Company Limited (NLC)
Ndola Lime Company Limited (NLC) is a limestone products producing company in Zambia. It is located in Masaiti at about 10 km south east of Ndola. It is a wholly owned subsidiary of ZCCM-Investments Holdings. The company was founded in 1931 and is still operational. History In July 2017, a joint venture between Zambia Consolidated Copper Mines Investment Holdings and China's Sinoconst was announced to construct a US$528 million 1.85Mta Cement plant at the Ndola Lime Company in Masaiti, with a target to be operational by the first quarter of 2020. Operations ZCCM Investments Holdings owns 100% of Ndola Lime Company Limited. Finances In 2016, the company reported total revenues for the fiscal year ended 31 March 2016 of ZMW 196.6 million and a loss after tax of ZMW 82 3million. In 2017, the company reported total revenues for the fiscal year ended 31 March 2017 of ZMW 89.6 million and a loss after tax of ZMW 1,163.0 million. In 2018, the company reported total re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Zambia
Zambia is a developing country and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest growing economies in Africa and its capital, Lusaka the fastest growing city in the Southern African Development Community (SADC). Zambia's economic performance has stalled in recent years due to declining copper prices, significant fiscal deficits, and energy shortages. Zambia is currently ranked 8th in Africa, 5th in the Southern African Development Community (SADC) and 4th in the Common Market for Eastern and Southern Africa (COMESA) in terms of the ease of doing business. Furthermore, Zambia is ranked the 8th most competitive country in Africa on the Global Competitiveness Index. Recently, Zambia was ranked 7th by Forbes as the best country for doing business among 54 African countries. The government has succeeded in reducing the cost of doing business, but other important indicators of the business environme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copperbelt Energy Corporation
Copperbelt Energy Corporation Plc (CEC) is a Zambian electricity generation, transmission, distribution and supply company with operations in Zambia and Nigeria. The company is listed on the Lusaka Stock Exchange (symbol: CECZ) Operations Zambia In Zambia CEC owns and operates an electricity transmission network in the Copperbelt area with 246 km of 220kV power lines and 678 km of 66kV lines. The company purchases electricity from ZESCO, the national power utility, and sells this across its transmission network to 8 Zambian mining customers with a combined demand of 520MW. In 2014 CEC supplied 4,208GWh of electricity to its customers which was 29% of Zambia's total generation of 14,453GWh. CEC also operates 6 gas turbine generators at Luano, Maclaren, Kankoyo and Bancroft for emergency power supply to its mine customers with a total installed capacity of 80MW. CEC owns the Zambian portion of the Zambia - DRC 220kV interconnector line which has a capacity of 250MW and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vedanta Resources
Vedanta Resources Limited is an Indian diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW). The company with 20,000 employees is primarily owned by the family of Anil Agarwal through ''Volcan Investments'', a holding vehicle with a 61.7% stake in the business. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa. Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018. History The company w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Quantum Minerals
First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016. First Quantum's common shares are listed for trading on the Toronto Stock Exchange in Canada (symbol "FM"). Until 2016, First Quantum also maintained a secondary listing on the London Stock Exchange (symbol "FQM"), in the United Kingdom. History First Quantum was founded in 1983 under the name Xenium Resources. It changed its name to ''Zeal Capital'' in 1989, ''First Quantum Ventures'' in 1993, and First Quantum Minerals in 1996. Its first significant operation was the Bwana Mkubwa mine in Zambia, acquired in 1996. In 2000, First Quantum acquired a partial interest in Mopani Copper Mines, a Zambian copper company. In 2001, it opened the Lonshi Copper Mine in the Democratic Republic of the Congo. Also in 2001, the company acquired the Kansanshi mine in Z ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Share
In business and finance, a golden share is a nominal share which is able to outvote all other shares in certain specified circumstances, often held by a government organization, in a government company undergoing the process of privatization and transformation into a stock-company. Purpose This share gives the government organization, or other shareholder, the right of decisive vote, thus to vote all other shares, in a shareholder meeting. Usually this will be implemented through clauses in a company's articles of association, and will be designed to prevent stakebuilding above a certain percentage ownership level, or to give a government, or other shareholder, veto powers over any major corporate action, such as the sale of a major asset or subsidiary or of the company as a whole. In the context of government-owned golden shares, this share is often retained only for some defined period of time to allow a newly privatised company to become accustomed to operating in a public e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Konkola Copper Mines
Konkola Copper Mines is a copper mining and smelting company in Zambia. It is a subsidiary of Vedanta Resources, a mining conglomerate based in Mumbai and London. Konkola's name is abbreviated to KCM. Operations KCM currently produces 2 million tons of copper ore per year. The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year. Facilities include: *Konkola Copper Mine *Nchanga Copper Mines near Chingola, also producing cobalt; Nchanga ore concentrator Plants *Nampundwe Pyrites Mine (pyrites are used in the copper smelting process) *The Nchanga (in Chingola) and Nkana Smelters, & Nkana Refinery etc. in Kitwe. The Nchanga is currently the largest copper smelter in Zambia. Exports are transported to the ports of Dar es Salaam in Tanzania and Durban in South Africa. Principal markets include the Middle East and East Asia. Metal is also sold domestically, to Metal Fabricators of Zambia A metal (from Greek μέταλλον ''m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nava Bharat
''Nava Bharat'' (Translation: New India) is a Hindi-language daily newspaper published through 14 editions from the states of Maharashtra, Madhya Pradesh & Chhattisgarh. Founded in 1934 Navabharat has the sixth highest readership according to Indian Readership Survey'09 R1 in India amongst Hindi newspapers. With its sister newspapers Central Chronicle and Navarashtra published in English and Marathi respectively. Navabharat has three supplements mainly, Suruchi, Glamour, Awakash. History ''Nava Bharat'' was launched on 8 February 1934 by Shri Ramgopal Maheshwari (1911–1999), a Gandhian freedom fighter, journalist, and promoter of Hindi language. Maheshwari served as its Editor-in-Chief for 65 years. news.webindia123. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maamba Collieries Ltd
Maamba is a town located in Sinazongwe District in the Southern Province, Zambia. It is about 35 kilometres south-west of Sinazeze and about 250 km south-west of the capital city of Zambia, Lusaka. Maamba is a coal mining town with about 13000 residents. History Maamba gets its name from the Lozi Tribe, meaning talkative person. Maamba Coal Mine Maamba is the home to the largest Coal Plant in Zambia at 300MW, built for U$750million and operated by Maamba Collieries Limited (MCL) which as of 2010 is 100% owned by Nava Bharat Ventures Limited (NVBL) of India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so .... In 2021, Maamba Collieries Limited announced they were interested in increasing the capacity from 300 to 600MW. References Populated places in Southern Provinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
