Chairperson of the select committee appointed to negotiate the sale of Konkola Copper Mines, Anthony Mumba says it surprises him to see some local Chinese companies like Luanshya Copper Mines and China Non-Ferrous Metals expressing interest to buy KCM when they have been declaring losses and failing to pay dividends. And Zambia Chamber of Mines president Goodwell Mateyo has warned that if government decides to increase its stake in mining companies to 30 per cent through the ZCCM-IH, the country risks losing about of US$5 billion in compensation. Meanwhile, Mineworkers Union of Zambia (MUZ) president Joseph Chewe says his organisation is not as powerful as it was under the UNIP government because politicians take advantage of the unions to advance…...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe