A NOTICE OF SETTLEMENT AGAINST KANSANSHI MINES

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FRED M’MEMBE NOT TROUBLED
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A NOTICE OF SETTLEMENT AGAINST KANSANSHI MINES

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ZCCM Investments Holdings has filed a notice of settlement against Kansanshi Holdings Limited and Kansanshi Mining Plc and legal proceedings against First Quantum Limited.

A notice of settlement signifies an end to a legal dispute; it is a legal agreement between parties involved in a transaction declaring a satisfactory resolution.

On 26th October 2016, ZCCM-IH filed a notice of arbitration in London against Kansanshi Holdings Limited and Kansanshi Mining Plc.

Further, on 28th October 2016 ZCCM-IH commenced legal proceedings in Lusaka against First Quantum Limited and Kansanshi Mining for various claims arising from transactions between Kansanshi Mining and First Quantum Finance Limited.

Shareholders of ZCCM-IH are accordingly advised to exercise caution when dealing in Securities Of The Company until further information is published.miners

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