By OLIVER SAMBOKOPRESIDENT Hakainde Hichilema should act by withdrawing the mining license from Arc Minerals for engaging in shoddy dealings at the London stock Market, a local NGO has demanded.Copperbelt Advocates for Justice and Peace (CAJP) executive director Abraham Phiri has said continued participation of Ark Mineral in the mining sector is costing the country of the much needed investment in the sector.He said the New Dawn government should act swiftly to cancel Kalaba mine license which was granted to London-listed Arc Minerals, based in the British Virgin Islands.Mr Phiri said mining licences should be given in a clear and transparent way as the manner in which Arc Minerals got its mining licence is very questionable.Arc Minerals, holds majority shareholding in Zamsort that owns Kalaba Mine, and has been using its presence on the London Stock Exchange to raise money for projects that are not running as its operational area in Mwinilunga has been abandoned.So […]
NGO MOUNTS PRESSURE GOVT OVER ARC MINERALS: questions New Dawn govt’s delays to cancel the company’s licenses over illegal deals
