ZCI offers shareholders easy exit, plots new investment strategy
Bermuda-based Zambia Copper Investments (ZCI), which sold its stake in Zambian copper miner Konkola Copper Mines to India\'s Vedanta Resources in April this year, unveiled plans on Tuesday to transform itself into a mining investment company, focused on coal, uranium and base metals in subSaharan Africa. However, it will first give shareholders the option to sell their shares to the company and, if more than 78% of the shares are returned, then ZCI, which is currently classified as a cash shell by the JSE, will instead seek voluntary liquidation.
