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
Ndola is the third largest city in Zambia and third in terms of size and population, with a population of 475,194 (''2010 census provisional''), after the capital, Lusaka, and Kitwe, and the second largest in terms of infrastructure development aft ...
. 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
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 Janu ...
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 revenues for the fiscal year ended 31 March 2018 of ZMW 60.1 million and a loss after tax of ZMW 190 million.
In 2019, the company reported total revenues for the fiscal year ended 31 March 2019 of ZMW 74.3 million and a loss after tax of ZMW 234 million.
Controversies
In August 2020, there were rumours surrounding the sale of a majority stake of the company to Global Human Benefit Zambia Ltd. (GHBZ) when an article appeared on GHBZ's website.
ZCCM Investments Holdings
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 Janu ...
dispelled the rumour and the article was subsequently removed from the GHBZ website.
References
External links
*
Mining companies of Zambia
Ndola
Limestone industry
{{Zambia-stub