Message Jeu 28 Juin 2012 09:40

Ndola Lime to be listed on LuSE

Ndola Lime to be listed on LuSE
June 28, 2012 | Filed underBusiness | Posted by chandamm

By Business Reporter

THE Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) has said it will soon list Ndola Lime Company on the Lusaka Stock Exchange (LuSE).

ZCCM-IH chief executive officer Mukela Muyunda said the investment holding company would continue investing in Ndola Lime before placing it on LuSE.

Mr Muyunda said the company was determined to invest in mine-related sectors of the economy in Zambia so that they contribute positively to the growth of the national economy.

He said ZCCM-IH wanted to support companies that produce lime and cement to help grow their respective sectors.

Mr Muyunda said the company was going to work towards maintaining investments in the copper mining industry and create a venture capital fund to provide investments to the sector.

He said Zambia had the potential to grow the mining sector but lacked investments, hence the decision by the company to invest more in the sector.

He said there was need to support small-scale mining companies to grow their activities in the country.