ZCCM Investments Holdings has unveiled International Resources Holding RSC Limited (IRH), an affiliated company of Abu Dhabi conglomerate International Holding Company, as the new strategic equity partner for Mopani Copper Mines. ZCCM-IH says IRH will, among other things, inject funds into the mining company which will be used to stabilise short-term working capital, fund the completion of the mine development projects, restructure its balance sheet and reset its existing relationship with Glencore. The investments holdings company, however, says it will provide further details once all definitive transaction documents have been agreed. Announcing the development in a statement yesterday, ZCCM-IH Company Secretary Charles Mjumphi stated that the proposed investment in Mopani Copper Mines was the largest single investment to date by...