ZCCM-IH has refuted claims by its minority shareholder that it concealed documents and clauses of the Kansanshi royalty conversion. The company says contrary to such claims, all transaction documents were available for inspection to shareholders between March 9 to 31, this year, from its registered office. Earlier this week, ZCCM-IH Minority Shareholders spokesperson Thierry Charles accused the company of concealing documents and clauses of the Kansanshi royalty conversion. Charles said ZCCM-IH’s minority shareholders had requested access to documents which were intended to clarify, in particular, references taken into account for the calculation of the royalty amount and clauses of the agreements but received only a “deafening silence”. The accusations arose after ZCCM-IH disclosed that its shareholders had approved the Kansanshi...

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