The People’s Newspaper
THE Patent and Company Registration Agency (PACRA) documents have revealed that Mopani Copper Mine (MCM) is now owned by Delta Mining Limited with more than 7 million majority shares while ZCCM-IH has remained with only 6, 900 shares with the Minister of Finance having 1 share.
MYSTERY surrounds the sudden sell of Investrust Bank which, according to speculation was supposed to have been bought by Malawian investors who had actually visited the country last week to discuss the purchase of the Bank.
PROFESSOR Clive Chirwa says ZCCM-IH should be allowed to run the Mopani Copper Mines instead of offering the 51 percent shareholding to International Resources Holding (IRH).
ZCCM-IH has dismissed allegations that it has lost control of Kasenseli Gold Mine.
By NATION REPORTER GOVERNMENT has denied assertions that Lubambe Copper Mine in Chililabombwe has been sold to a Chinese firm called JCHX Mining Company. Paul Kabuswe, the Minister of Mines … Read More
JCHX Mining Company is on the verge of taking over Lubambe Copper Mine.
GOVERNMENT has announced that all the transaction document for Vedanta Resources to take full operational control of Konkola Copper Mines (KCM) have been signed and that fears that the giant copper mine would slide in to care and maintenance were unfounded.
PEOPLE’S Alliance for Change (PAC) president Andyford Banda has questioned why Government has entrusted a giant mine Mopani Copper Mines to an investor who has no trace in the mining industry.
PRESIDENT Hakainde Hichilema has failed to implement any economic recovery plan, failed to unite the country and secure peace and security as well as upholding the rule of law and has therefore lost legitimacy to continue governing the country, Given Lubinda has charged.
BARELY two months after Government through the ZCCM-IH and Vedanta Resources Limited agreed on takeover of the Konkola Copper Mine (KCM), President Hakainde Hichilema yesterday announced signing of the US$1.1 billion Mopani Copper Mines (MCM) transaction.
