ZCCM-IH is a successor company to Zambia Consolidated Copper Mines Limited (ZCCM) in which IDC holds 60.28% of the shares, the Government of the Republic of Zambia (GRZ) holds 17.25% of the shares with the remaining 22.47% held by private investors, respectively.
ZCCM-IH shares held by private investors are listed on the Lusaka Stock Exchange, Paris Euronext and London Stock Exchanges under ISIN number ZM0000000034. The geographical spread of the minority shareholders, who number around 2400, covers about 29 countries in Europe, Africa, the Caribbean, Australia, Asia and the USA.
Until 31 March 2000, ZCCM Ltd was a 60.3% state-owned mine operating company in which Zambia Copper Investments Ltd (ZCI), an associate company of Anglo American Plc, held 27.3% of shares with the balance of 12.4% of shares held by private investors.
The privatisation of ZCCM commenced in 1996, after GRZ and the Boards of ZCCM and the Zambia Privatisation Agency (ZPA) approved the ZCCM Limited Privatisation Report and Plan presented by UK based financial and legal advisors, NM Rothschild & Sons and Clifford Chance, respectively.