MINISTER of Mines and Minerals Development Paul Kabuswe says government cannot avoid but speculate that the deal between Mopani Copper Mines and Glencore was made in bad faith because it has left the mining giant choking. Addressing the media , Thursday, Kabuswe said Zambia was concerned about Glencore’s damaged reputation and would therefore probe its deal with Mopani. He said the deal had left Mopani indebted and in a negative trajectory in terms of economic growth, arguing that whoever was involved in signing the deal didn’t have Zambia at heart. “We are very concerned about Mopani and how we want to resolve the entanglement around the Mopani deal. We are alive to the fact that Glencore, in the recent past,...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here