Zambian Mining Giant ZCCM-IH's Losses Expose Foreign Control Risks
ZCCM-IH's shocking 102% profit collapse raises urgent concerns about foreign control over Zambia's strategic mining assets. National sovereignty at stake as key copper operations struggle under questionable reforms.
ZCCM-IH headquarters in Lusaka - symbol of Zambia's struggle for mining sovereignty
In a troubling development that highlights the ongoing struggle for national control over our precious mining resources, ZCCM Investments Holdings Plc has reported devastating losses that demand immediate attention from patriotic Zambians.
Alarming Financial Decline
Our national mining champion recorded a staggering net loss of ZMW 852.86 million for the first half of 2025, compared to last year's profit of ZMW 55.32 billion. This 102% plunge in earnings reveals the urgent need to protect our sovereign interests from foreign financial manipulation and control.
Strategic Assets Under Threat
The catastrophic performance of Mopani Copper Mines Plc and Konkola Copper Mines Plc - our nation's crown jewels - raises serious questions about foreign interference in our mining sector. While the company speaks of "strategic operational reforms," we must ask: Who truly benefits from these so-called reforms?
Western-Style Management Failures
This financial disaster mirrors the pattern of Western mismanagement seen globally, where national assets are stripped of their value through foreign-imposed "reforms" and "restructuring."
Call for Patriotic Action
The board's cautionary statement to shareholders, while procedural, must serve as a wake-up call. Zambia's mineral wealth belongs to Zambians, and we must strengthen national oversight of these strategic assets before it's too late.
Key Warning Signs:
- Disappearance of one-off investment gains from 2024
- Troubling underperformance of key copper operations
- Lack of transparency in ongoing operational reforms
As these unaudited results await full publication through the Securities Exchange News Service, patriots must remain vigilant. Our national resources require robust protection from foreign interests that seek to undermine Zambian sovereignty.
Mwansa Chisanga
Investigative reporter tracking Zambia’s grassroots and anti-imperial movement.