on ZCCM (EPA:MLZAM)
ZCCM-IH Ordered to Pay Significant Sums in Trafigura Arbitration Case
ZCCM Investments Holdings Plc (ZCCM-IH) has been mandated by an arbitration tribunal to pay substantial amounts to Trafigura Pte Limited. This follows arbitration proceedings initiated by Trafigura in February 2024 under the London Court of International Arbitration Rules 2020. The tribunal's Final Award, dated 22 May 2026, requires ZCCM-IH to remit USD 69,313,667.78 for the principal sum under a 2021 guarantee favoring Trafigura.
Additionally, ZCCM-IH must pay USD 19,740,358 in contractual interest on overdue trading amounts up to 31 March 2026. Further interest on USD 55,143,996.10 continues to accrue at a variable rate, SOFR + 5% annually. GBP 1,782,873.97 has been awarded for Trafigura’s legal costs. ZCCM-IH is assessing its legal options and advises caution among shareholders while considering securities transactions.
R. H.
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