(Registered in Bermuda)
("ZCI"
ANNOUNCEMENT
Shareholders are advised that ZCI's results for the six months to 30 June
2001 are expected to be adversely affected by the continued weakness in the
copper price and the ongoing difficulties being experienced by Konkola
Copper Mines plc ("KCM") at the Nkana smelter. The problems at the smelter
have led to a build-up of concentrate and consequently production to 30 June
2001 will be less than originally planned. Operations at the smelter are
expected to improve in the second half.
In addition, shareholders are advised that the financial impact of the
accident, which occured at the Nchanga open pit on 8 April 2001, is still
being assessed. Shareholders will be kept informed.
Johannesburg
18 June 2001
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
