sur ZCCM (EPA:MLZAM)
ZCCM-IH Faces Arbitration Challenge with Trafigura
ZCCM Investments Holdings Plc ("ZCCM-IH") has issued a further cautionary announcement regarding ongoing arbitration proceedings with Trafigura Pte Limited. The dispute, governed by the London Court of International Arbitration Rules 2020, follows a previous announcement from March 2025.
The Tribunal has ruled that a guarantee dated 28 July 2021, under which Trafigura filed its claim, is legally binding on ZCCM-IH. The Company was ordered to contest specific claims within a USD 82,807,254.68 principal sum sought by Trafigura. ZCCM-IH has since complied, submitting necessary documents for review.
The arbitration will address the quantum issues in a forthcoming one-day hearing. Shareholders are advised to exercise caution and consult independent professionals when dealing with ZCCM-IH securities until further updates are released.
R. P.
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