BY SILUMESI MALUMO ZCCM-IH will mobilise the necessary resources to acquire all 90 percent shares in Mopani Copper Mines which have been offered by Glencore, Minister of Mines and Mineral Development Richard Musukwa has said. Mr Musukwa disclosed yesterday that Glencore had initially offered Government 90 percent shares and not 73.1 percent. The minister said the other stake owned by a minority shareholder Calister had been offered to Government by Glencore bringing the shares to 90 percent. He said ZCCM-IH would ensure that all shares were bought to have total control of the mine. Mr Musukwa said ZCCM-IH may not have money sitting on its profile now but it would use other vehicles to mobilise the resources. Government, he said, would not spend any money during the process of acquiring the shares. The minister said, “ZCCM-IH has stake in various mines and it would use the same platforms to mobilise resources. “Zambians should not doubt where the money will come from but should organise themselves and look for stakes in Mopani,” he said. Mr Musukwa said Government was also ensuring […]
ZCCM-IH will buy all 90pc Mopani shares
