With the Northern Pacific Railway bringing visitors to Helena, the need for trolley service became crucial in moving those visitors from the depot to downtown.
SENS ANNOUNCEMENT
(the "Notice" or "Announcement") ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number:
Konkola Copper Mines (KCM) is to be reorganised and restructured into two subsidiary companies effective February 1, 2021.
KCM Acting Chief Executive Officer Enock Mponda announced in a staff Memo that the move is in a bid to increase efficiency, foster optimization and boost business opportunities.
Mr Mponda said KCM will be split into two companies, namely KCM SmelterCo Limited, and Konkola Mineral Resources Limited.
The companies will begin to operate under the names KCM SmelterCo Limited, and Konkola Mineral Resources Limited, respectively, with two separate Management structures and employee arrangements.
KCM SmelterCo Limited has been in existence since 2002 and fully owned by KCM but has been dormant.