MINES and Minerals Development Minister Paul Kabuswe has insisted that the Mopani transaction did not need parliamentary approval because there was no sale, transfer or disposal of a state asset. Giving details of the transaction between government and Delta Mining Limited regarding shares in Mopani Copper Mines Plc in the National Assembly, Thursday, Kabuswe said government did not hold any equity shares in Mopani Copper Mines, as such it was not capable of selling shares. “Prior to the initial transaction, ZCCM-IH owned 10 percent shares in Mopani with Glencore owning 90 percent shares. Owing to operational challenges, Glencore decided to exit Mopani, which resulted in ZCCM-IH acquiring 90 percent shareholding from Glencore in 2021 for a price of USD1 resulting...