et ce avant la progression du cuivre qui est passé de 7200 $ la tonne à 9200 $ en moyenne depuis !!
capitalisation 300 M
code MLZAM
bourse
de
paris
http://www.steelguru.com/metals_news/ZCCM_IH_foster_priva tization _of_ mining_units_rise_USD_225_million/200720.html
ZCCM IH foster privatization of mining units rise USD 225 million
Saturday, 16 Apr 2011
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Zambia Consolidated Copper Mines Investment Holdings Plc tasked to foster privatization of mining units raised in more than USD 225 million in operating profit for the 9 months period ending September 30th 2010 as groups retained profit more than doubled.
The company, known as ZCCM IH, retained profit for the company more than doubled to ZMK 545, 029 million as at September 30 last year up from ZMK103, 942 million recorded a year earlier. It generated an increase of 82 percent in turnover from the previous quarter which was the turnover above the ZMK 139 billion for the 9 months to September 30.
ZCCM IH plc reported that the group achieved an operating profit of ZMK105, 905 million during the nine months ending September 30 last year compared to ZMK 1,058 million a year earlier. The turnover for the period ended rose to ZMK 252, 566 million compared to ZMK 138, 978 million previously. The increase in turnover by the group of companies under ZCC IH was chiefly on account of dividends of ZMK 107,580 million received during the period under review compared to ZMK 29, 623 million for the previous year.
The dividends include a special dividend paid out by Kansanshi Mining Plc of ZMK 86,173 million for the years 2007 to 2009. Interim dividends of ZMK 9,349 million from Copperbelt Energy Corporation the countrys electricity provider to the mines ZMK 9,349 million from Kansanshi Mine Project and ZMK 2,579 million from China Non Ferrous Corporation Africa.
Additionally, Ndola Lime, Zambias sole producer of the acid neutralizer and mainly used in mining activities, turnover of ZMK 139,314 million during the period ended September 30 last year was 39% above that of ZMK100,238 million for the corresponding period to September 3oth 2009. This was chiefly because of an increase in exports of the product to among other markets, Democratic Republic of Congo during the period as well as an increase in selling price of lime products as of June 2010 to account for increase in the cost of production such as fuel and electricity costs as well as inflation.
Maamba Collieries Limited, Zambias leading cola producer had a turnover of for the months from January 1st 2010 to April 26 which is included in the consolidation was ZMK 1,566 million whilst a turnover of ZMK 4,755 million was achieved during the mine months to September 2009.
The cost of turnover for the ZCCM IH group increased to ZMK 146, 661 million for the September 30 last year period from ZMK 137,920 million a year earlier. This was largely on account of increased in the NLC cost of sales of ZMK 32,233 million attributed to the use of the rotary kiln at Ndola Lime plant in Ndola in Northern Zambia which was twice the amount of Heavy Fuel Oil compared to the vertical Kiln used at the lime producer.
However, ZCCM IHs cost of turnover reduce to ZMK 20,134 million for the period under review from the previous ZMK 28,321 million from 30 September a year earlier. The reduction was attributed mainly to the change in the provision of permanent employee benefits that was undertaken in the period to 30 September a year earlier. Maamba Collieries cost of turnover only accounts for ZMK 15,545 million for the period under review compared to 30 September, 2009.
However, ZMK 30,831 relates to a nine months period where as ZMK 15,525 relates to approximately four months. Zambia, through its holding company, ZCCM IH Plc had on April 26th 2010 divested 65% of the stake in Maamba collieries Limited to Singapores Nava Bharat Limited. Consequently, only approximately 4 months have been consolidated in the accounts to September 30th 2010.
