ON Tuesday, the Minister of Finance Honourable Situmbeko Musokotwane, Minister of Mines Honourable Paul Kabuswe, ZCCM-IH board chairman Dorika Banda and other top ranking government officials held a joint press conference to explain the deal entered into between First Quantum Minerals (FQM) and our government through ZCCM-IH. In summary, the government maintained that the transaction will generate more money for the government. What we observed from this press conference, which is our biggest takeaway, is that they failed to explain why criminal charges on Directors of FQM must be dropped as a Condition Precedent for the deal to go through. We observed that the ministers were speaking like they have the monopoly of knowledge. They were speaking like they were…...

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