ZCCM Investments Holdings (ZCCM-IH) and Wonderful Group established a joint venture agreement to launch a US$30 million investment to develop an integrated lime and cement facility through a new vehicle, Ndola Lime (2026) Limited.

The partnership addresses previous operational challenges and lost market share caused by unreliable legacy equipment.

Wonderful Group holds a 55% stake, contributing US$25 million in equity and a US$5 million shareholder loan. ZCCM-IH holds 45% by transferring assets worth US$1.92 million from Limestone Resources Limited and writing off US$9.8 million in debt.

The project will run in three phases. Phase one involves constructing and commissioning a lime production plant with a daily capacity of 600 tons. The subsequent phases plan further expansions into cement or second lime plants within 12-month intervals based on market conditions.