FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the transaction which aims at converting ZCCM-IH’s dividend rights in Kansanshi Mine into royalty rights will bring more money into the country. Dr Musokotwane says discussions for the royalty model started three years ago, adding that the UPND government only took it up because the deal has merit. Meanwhile, ZCCM-IH Board Chairperson Dorika Banda says royalty models are being used in various countries, arguing that the royalty of 3.1 percent with regards to ZCCM-IH is actually on the higher side. Speaking during a media briefing, Tuesday, Dr Musokotwane said the royalty model would ensure that ZCCM-IH was guaranteed a predictable and regular revenue stream. “The transaction that was announced aims at…...

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