Zambia’s state‑owned miner ZCCM Investments Holdings is hiring advisers to revive its London listing and widen its free‑float. Chief executive Kakenenwa Muymuyanga says the move aims to tap international capital for production growth and a foray into metals trading. The firm plans to locate roughly 2,000 paper certificates that still represent its UK shares and improve shareholder transparency in the UK market.

Shares have been suspended repeatedly after the company missed filing its 2025 accounts, the latest lapse following three prior suspensions. Muymuyanga attributes delays to late data from investment subsidiaries and promises audited accounts within two months. Restoring trading could lift market capitalisation from about $1.4 bn toward $7bn within a decade, supporting President Hichilema’s push for foreign mining investment and signal fiscal discipline to lenders.

ZCCM holds minority stakes in Zambia’s biggest copper mines—49% of Mopani, 21% of Konkola and 20% of Kansanshi—yet its Euronext price trades at less than half the Lusaka level, reflecting liquidity woes and kwacha volatility. The company is considering raising its free‑float to 25% and possibly switching reporting currency to dollars, steps that could narrow the discount and attract investors and bolster its credit profile.