Zambia Copper Investments Limited - Further Cautio
ZCI
ZAKK
Zambia Copper Investments Limited - Further Cautionary Announcement
Zambia Copper Investments Limited
(Registered in Bermuda)
JSE code: ZCI
ISIN: BMG988431240
("ZCI" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements released on SENS between 2 September
2005 and 20 October 2006, the directors of ZCI wish to inform shareholders that
preparations for the arbitration proceedings between ZCI and Vedanta Resources
plc ("Vedanta") relating to the interpretation of the Vedanta Call Option Deed
are continuing. The parties have agreed on the appointment of the arbitrator. It
is expected that the arbitration will be heard in mid-2007.
Once the ruling is received, the independent investment bank"s terms of
engagement will be finalised and it will be able to undertake its valuation of
the 28.4% of Konkola Copper Mines plc shares held by ZCI through its wholly
owned subsidiary, ZCI Holdings S.A.
ZCI shareholders are advised to continue exercising caution when dealing in
ZCI"s shares until a further announcement is made.
Bermuda
8 December 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/12/2006 04:28:02 PM Produced by the JSE SENS Department
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