THE Lusaka High Court has entered a judgement on admission and granted government a go-ahead to pull out of Nkana Alloy and Smelting Company Limited and repossess 30 percent of the black mountain in Kitwe. This is a matter in which Tiajin Maolin Science and Technology Company Limited and Nkana Alloy and Smelting Company Limited sued the State over its decision to pull out as a minority shareholder in Nkana Alloy and repossess 50 percent of the black mountain in Kitwe. Tiajin Maolin Science and Technology Company is the majority shareholder with 90 percent shares in Nkana Alloy and Smelting Company through ENRC (BVI) Limited which was a special purpose vehicle upon purchase of the shares which was held by…...

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