PROFILE |
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Zambia Consolidated Copper Mines (ZCCM) dug in the world's richest copperbelt, but management problems and losses led to the sale of the state-run enterprise's mines. ZCCM mainly produced copper and cobalt, but it also mined gold, silver, and selenium. The company sold its main Nchanga, Konkola, and Nampundwe copper mines -- which account for about 70% of Zambia's total copper production -- to UK-based Anglo American's Konkola Copper Mines (KCM) subsidiary. It also sold its Nkana and Mufulira mines to Canada's First Quantum Minerals and Swiss trader Glencore. Prior to the sale, ZCCM's mines, in need rehabilitation and expansion, had been losing about $14 million a month. ZCCM retains a 20% interest in KCM.
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: March
1999 Sales (mil.): 451.30
1-Yr. Sales Growth: (41.4)%
Employees: 26,030
Revenue per employee: $17,337.69
KEY PEOPLE |
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Luke Mwananshiku
CEO
CONTACT INFO |
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Mukuba Pension House, 5309 Dedan Kimathi Rd., PO Box 30048
Lusaka 10101, Zambia
Phone: 260-122-9115
Fax: 260-122-1057
Online: Web Site
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