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ZCCM Investments Holdings (ZCCM-IH) has announced the development of a 100-megawatt solar power plant, scheduled for commissioning before July 2026, as part of its broader strategy to strengthen Zambia’s energy security and support sustainable mining growth.
Speaking on behalf of ZCCM-IH during the 2025 Zambia Mining and Investment Conference in Lusaka, Board Chairperson, Phesto Musonda, said the initiative demonstrated the company’s firm commitment to diversifying energy sources in line with the government’s vision for a resilient and green economy.
“The 100-megawatt solar project, together with the 300-megawatt thermal expansion at Maamba, marks a vital step toward ensuring energy reliability for the mining and industrial sectors,” he said.
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Musonda said: “We are walking the talk — investing where it matters most to sustain national growth.”
He said ZCCM-IH’s sponsorship of this year’s conference, held under the theme “Unlocking Africa’s Wealth Through Sustainable Mining, Beneficiation and Value Addition,” went beyond symbolism, reflecting the company’s active role in shaping Zambia’s mining future in partnership with Mopani Copper Mines Plc.
Musonda described the Insaka as “a meeting of minds shaping Zambia’s mining destiny,” noting that the discussions would help forge new partnerships for value addition and industrial development.
He noted that ZCCM-IH had achieved a historic milestone in 2025 by surpassing US$1 billion in market capitalization on the Lusaka Securities Exchange — a clear vote of confidence in Zambia’s economic reforms and investor-friendly environment.
He said over the past decade, it had contributed over K2.2 billion in dividends to the national treasury, ensuring that Zambians directly benefit from their mineral wealth.
“The results speak for themselves,” he said. “Revenue rose from K113 million in 2022 to K3.2 billion in 2024, while total assets more than doubled to K57.3 billion. Our earnings increased by over 1,600 percent, and our share price grew by 329 percent — from K8 to K162.01,” Musonda said.
He further highlighted the significance of the Mopani Copper Mines recapitalization deal with International Resources Holding (IRH), describing it as a complex but transformative transaction that resulted in ZCCM-IH retaining a 49 percent shareholding — a first in the company’s history.
Aligned with the government’s target of producing three million tonnes of copper annually, ZCCM-IH is also advancing exploration projects, including the world-class Mingomba deposit and new ventures in North-Western Province.
Beyond copper, the company is expanding into gold, lithium, phosphates, and fluorspar, with a focus on making mining formal, safe, transparent, and beneficial to local communities.
“As we gather for this year’s conference, let us use this platform to forge partnerships that will propel Zambia’s mining and energy sectors forward,” Musonda urged.
“Together, under the leadership of His Excellency President Hakainde Hichilema, we can unlock Zambia’s full mining potential for today and future generations,” he said.
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