ACTING Mines Minister Collins Nzovu has disclosed that Cabinet has resolved to create a Special Purpose Vehicle (SPV) called Zambia Minerals Investment Corporation, which will represent government’s interests in mining. Addressing the National Assembly on Friday, Nzovu said the SPV would extend government’s benefits from the mining sector beyond taxation. Nzovu was responding to Lubansenshi MP Kabwe Chewe, who had asked whether government had any plans to establish state-owned mines. “Government has no plans to open state owned mines, however, government’s intention is to create a Special Purpose Vehicle, an SPV that will partner with the private sector by entering into joint ventures in running these mines. Madam Speaker, under the joint venture arrangement involving the SPV, the number of...