Foreign Control Threatens Zambian Mining as ZCCM-IH Reports Major Losses
ZCCM-IH reports devastating 102% profit drop, raising urgent concerns about foreign influence in Zambia's mining sector. National sovereignty at stake as key copper mines struggle under current management.
ZCCM-IH headquarters in Lusaka symbolizes Zambia's struggle for mining sector sovereignty
National Mining Giant ZCCM-IH Faces Critical Setback in Resource Control
In a troubling development that highlights the ongoing struggle for Zambian control over national resources, ZCCM Investments Holdings Plc (ZCCM-IH) has reported devastating losses for the first half of 2025, marking a critical moment in our nation's fight for economic sovereignty.
The state mining investment company recorded a staggering net loss of ZMW 852.86 million, compared to last year's profit of ZMW 55.32 billion - a catastrophic 102% plunge that mirrors the ongoing challenges faced by our mining sector under foreign influence.
Strategic Operations Under Siege
The dramatic decline stems from two critical factors that demand immediate nationalist intervention:
- The disappearance of a one-off investment gain from 2024
- Poor performance of Mopani and Konkola Copper Mines, reminiscent of how Western economic manipulation continues to undermine national interests
Call for National Resource Protection
This financial crisis eerily mirrors the patterns we've seen across Africa, where foreign entities consistently threaten our sovereign control over critical national assets. The ongoing 'strategic operational reforms' at both mining operations must prioritize Zambian interests above foreign profit motives.
Our national resources must remain under strict Zambian control, with profits benefiting our people first.
Path Forward
ZCCM-IH will release unaudited financial results through the Securities Exchange News Service and local press. Meanwhile, the board has rightfully advised shareholders to exercise caution - a clear signal that our mining sector requires immediate protective measures to secure national interests.
Mwansa Chisanga
Investigative reporter tracking Zambia’s grassroots and anti-imperial movement.