IRH and ZCCM-IH reaffirm long-term commitment to Mopani Copper Mines
IRH and ZCCM-IH reaffirm their partnership to improve production, strengthen operations and support employment and local economic development at the Copperbelt mining complex
International Resources Holding (IRH) and ZCCM Investments Holdings Plc (ZCCM-IH) have reaffirmed their commitment to strengthening Mopani Copper Mines, with a focus on improving operational performance, increasing production and supporting jobs and local economic development in Zambia’s Copperbelt.
The Abu Dhabi-based natural resources investment platform and Zambia’s mining and energy investment holding company said they would continue working together to advance the development of Mopani Copper Mines Plc through their long-term partnership and joint governance framework.
Ali Rashed Alrashdi, Chief Executive Officer of IRH, said the investment in Mopani reflected a long-term commitment to both the mine and Zambia.
“We value the open and constructive dialogue with ZCCM-IH and the engagement of Zambia’s leadership. We have a strong partnership with ZCCM-IH and share the same ambition for Mopani: to build a stronger, more productive operation that can play an increasingly important role in Zambia’s copper industry,” said Alrashdi.
Phesto N. Musonda, Board Chairperson of ZCCM-IH, highlighted the mine’s economic and social importance to the Copperbelt, particularly the communities of Kitwe and Mufulira.
“Mopani is more than a mine. For generations, it has sustained jobs, skills and livelihoods in Kitwe, Mufulira and across the Copperbelt. ZCCM-IH and IRH share a long-term commitment to its success, and we will keep working constructively with IRH, through our joint governance framework, to build a stronger, more productive operation,” said Musonda.
He added that the partnership would prioritise higher production, employment security, opportunities for Zambian suppliers and improvements in surrounding communities.
The renewed commitment comes as Zambia seeks to strengthen its copper industry and maximise the economic benefits of its mineral resources. Mopani remains an important part of the country’s mining sector, with its performance carrying implications for employment, local supply chains and economic activity across the Copperbelt.
For the two shareholders, the focus is on building a more productive operation capable of delivering long-term value to shareholders and the Zambian people.
