ZCCM-IH receives partnership offers from Singapore
The Zambia Consolidated Copper Mines (ZCCM) has received offers requesting partnership submissions from Nava Bharat Pty Ltd from Singapore and Vedanta Resources Plc.
According to a statement released to ZANIS in Lusaka today, signed by the Acting Chief Executive Officer a Mr W.S. Musama , the company acquired 100 per cent shareholding in Mamba Collieries Limited (MCL) in 2007.
This follows ZCCM-IH’s recent advertisement for qualified and experienced companies to bid as strategic Equity and Technical Partners in MCL.
The advert had requested for parties to submit proposals for the development of the coal mine and a thermal power plant in partnership with ZCCM-IH.
Mr Musama explained that ZCCM-IH’s Evaluation Team will commerce the final adjudication to determine the preferred bidder with whom negotiations will expeditiously begin as regards the development of the Coal Mine and a Thermal Power Plant.
Mr. Musama said that the adjudication will rank the bidders on the basis of the specified in the request for proposal documents availed to all the bidders that are listed.
ZCCM Investment Holdings Plc is an investment holdings company which is listed on the Lusaka Stock Exchange.