ZCI - Press Release
Zambia Copper Investments Limited
(Registered in Bermuda)
JSE code: ZCI
ISIN: BMG988431240
(`ZCI`)
PRESS RELEASE
Shareholders are referred to the announcement released today by Vedanta
Resources plc (`Vedanta`) on the London Stock Exchange regarding the unaudited
annual production figures for the period ended 31 March 2005 for Vedanta, the
majority shareholder of Konkola Copper Mines plc (`KCM`). It was reported that
KCM produced 29,000 tonnes of copper cathode for the eight week period dated 5
November 2004 to 31 December 2004 and 38,574 tonnes for the first three months
of 2005.
Vedanta stated that: `The data for KCM is based on 5 months of production, from
the date of acquisition. Initial assessments indicate issues concerning plant
availability, process management and maintenance. These are being addressed by a
series of actions, following the appointment of a new CEO for our Zambian
operations. The immediate focus is to bring about stability and consistency in
operations. We are taking all necessary measures to improve these operations and
remain positive about the potential to reduce costs and improve production.`
Bermuda
12 April 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Note:
ZCI is Bermudian registered with its primary listing on the JSE Securities
Exchange South Africa. It has a secondary listing on the Paris Bourse. ZCI`s
major asset is it`s holding of 28.4% of the share capital of KCM, a Zambian
registered mining company.
Date: 12/04/2005 09:37:28 AM
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