Zambia's ZCCM Investments Holdings has accused Abu Dhabi's International Resources Holding (IRH) of breaching agreements related to the Mopani copper mining complex. In a letter dated September 18, ZCCM-IH CEO Kakenenwa Muyangwa outlined alleged financial and operational failures, citing missed funding targets and unqualified contractors. The letter notes Delta Mining Ltd., which holds a 51% stake, spent only 20% of the $308.1 million project budget by March and appointed contractors lacking required expertise.

Copper cathode output allegedly fell over 50% short of the business plan last year. Muyangwa warned that without constructive engagement, ZCCM-IH would invoke contractual remedies. Meanwhile, Zambian President Hakainde Hichilema met with IRH CEO Ali Rashed Alrashdi in Abu Dhabi.

IRH maintains a strong relationship with ZCCM-IH, stating shortcomings require discussion. IRH, a subsidiary of International Holding Co. chaired by Sheikh Tahnoon bin Zayed Al Nahyan, acquired a majority interest in Mopani for $620 million. Mopani operates two sites in Zambia's Copperbelt province, aiming for 300,000 tons annual copper output by 2029 despite producing only 5,000 tons in June.